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Government Embezzlement 101

October 8, 2009 - 7:00pm
Jim Iannuzo by Jim Iannuzo

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As citizens we trust government to spend our tax money wisely. Congress and the Obama Administration have found ways to enable wholesale embezzlement.



Embezzlement is the misappropriation of financial assets when in a position of trust. Look no further than our federal, state and local governments and you will see examples of tax money given to groups like Acorn where corruption runs rampant. It's not limited to special interest groups. The Federal Reserve has refused to disclose recipient information on the distribution of 2 trillion dollars in emergency loans.

There are two reasons why embezzlement persists.

  1. We live in a representative democracy with majority rule. When parasites outnumber producers rights become relative and meaningless.
  2. Politicians cherish power. To stay in power they distribute goodies like drug pushers.

A solution exists which requires like minded producers to cut off the life blood (money) from all parasites. Government should exist only to ensure individual rights not redistribution.



Related Content:

Economics of Pie - Richard Sutton
Socialism: A System of Hubris and Avarice - Austin Raynor
Replace Regulation With Innovation - Jim Iannuzo


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