One has to wonder
Exactly what the next five years is going to bring. Will Obama truly save the nation's economy with his Stimulus? Will the Tea Party People prevail. It all hinges on the federal government's constitutional mandate to protect. At what point does the value of paper currency become worthless? The answer is something we could witness in our lifetime. It is worthless when no one will accept it as a storehouse of value. Indeed, will people at some point simply not pay state and local taxes? Hardly. Neighbors know who paid and they are, after all, neighbors. So the cheating will begin that goes beyond just making less that one made the year before. Cheating so you can survive. Cheating because of a feeling of entitlement. And so the demise of the economy will begin. Because of a feeling of "they owe me". The story of the have's and the have not's. The threat of class warfare will either be realized or the rich will abandon America for their own island countries. Time will tell, time that will soon be upon us. In the mean time, expect taxes to rise in proportion to the amount of cheating. It's called wealth transfer.
