news

bitcoin

1 X bitcoin bitcoin =

Thursday

12 December 2019

How Society Thrived Before Mass Taxation, and How It Still Can - Bitcoin News

How Society Thrived Before Mass Taxation, and How It Still Can - Bitcoin News


smart summary beta

It’s likely every libertarian’s most encountered objection to freedom: “But who will build the roads?” The real question is more along the lines of: “But who will build the roads if no one’s forced to pay taxes?” The question is not universally loathed by freedom advocates for its honesty, but for the frequency with which it is posited, and the presumable lack of consideration behind it.

Obvious ethical objections aside (after all, asking “but who will pick the cotton” to justify slavery is equally abhorrent), a look at Manhattan prior to the institution of a federal and state income tax raises the question: “How did they build these roads?” For that matter, the buildings, the transportation systems, complex infrastructure, etc.

constitution, which authorized the federal income tax, such measures for adding money to state coffers were virtually unheard of in the U.S., except during mandated emergency funding, as occurred during the Civil War.

New York state didn’t have its own income tax until years later, and although other methods and taxes did exist for squeezing some money from the public, much progress was made in the absence of the what so many now view as “necessary” mass taxation, thanks to the work ethic and innovation of the private sector.

It’s worth noting that the repeatedly stymied, federally and state funded Second Avenue project is still not completed, with the Metropolitan Transportation Authority board recently approving a “$51.5 billion investment in the city’s transit system … which includes fully funding the long-awaited second phase of the Second Avenue Subway.”.

The answer to “who will build the roads,” then–even if and when the project may be ordered by some government–is obvious: people.

Just as private individuals who wished to travel from point A to point B or open up thoroughfares to their businesses did in New York, individuals continue to finance and complete the building of roads today.

Though medicine of a hundred years ago was admittedly much less advanced than it is now, the systematic destruction of competition in the healthcare industry, via forced government interference, has only served to engender impossibly exorbitant prices and deteriorating quality of service in the name of safety and affordability.

Holly cites numerous legislative initiatives throughout the 20th century which effectively constricted and monopolized the medical industry, including the American Medical Association-backed (AMA) Flexner Report which, under aim of streamlining and improving the quality of healthcare in the U.S.

It also closed almost all except 2 historically black schools, as Abraham Flexner famously believed that “The practice of the Negro doctor will be limited to his own race, which in its turn will be cared for better by good Negro physicians than by poor white ones.” After shutting out competition, the state then began to socialize the new model with taxpayer funded programs like Medicare and Medicaid in the U.S.

The Flexner era was the beginning of a marked infiltration of government and an accompanying state-embedded “private” insurance lobby into healthcare, which resulted in overcrowded facilities, a statistical increase in practices such as “patient dumping,” malpractice claims, and the demand for “free” socialized medicine.

What ultimately made New York great, and anywhere else that experiences significant economic growth, is individuals freely trading and interacting with one another.

Goto Full Article

bitcoin bitcoin price

$7272.37

24h

Live Average

bitcoin

News Article Sentiment

positive

Score (0)

Image

France: Napoleon Bitcoin Fund Launches as First of it’s Kind
published: 55 minutes ago
Napoleon Asset Management launched the first Bitcoin Fund in France regulated by Autorité des Marchés Financiers (AMF), an independent public body that is responsible for safeguarding investments in f...

sentiment (0.1) Positive

Article Metadata

author

site

bitcoin.com

categories

Market data feeds provided by cryptocompare.com
bitsmart 2018