"The government of the United States is a definite government, confined to specified objects. It is not like the state governments, whose powers are more general. Charity is no part of the legislative duty of the government."

-- James Madison (speech in the House of Representatives, 10 January 1794)

Friday, January 23, 2009

Why Do You Pay Taxes?

As various tax-related mail appears in our mailboxes, it’s instructive to reflect on why we carry the burden of our government. For instance, how did Merrill Lynch disburse $15 billion in executive bonuses just before it was taken over by Bank of America last November if BoA truly needed the $20 billion in bailout money it received this morning?

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Presented for your consideration by POAST at 9:14 AM

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