[e-gold-list] Re: Fwd: Re: clear thinking

[Pete Chown]

unlinQ Marketing wrote:

> Uusally not, as democracies tend to engage in wholesale redistribution
> of wealth through taxation which is also theft ...

I was talking about protection from inflation.  You're right that
democracy seems to go with taxation.  Democracy hands power to average
people; it should be no surprise to see them using that power to take
from the rich.  It should also be no surprise to see a movement of
wealth from poor people to average people, and that has happened to an
extent in Britain.  For example, the government-run health care and
education is much worse in poor areas.  The poor pay less in tax, but
they also get much less back.

I hasten to add that I don't see any alternative to democracy.  Other
systems just hand power to smaller groups of people, who similarly use
it to enrich themselves.  I have wondered about a variant of democracy
where you get an extra vote if you can pass a test on the political
system -- that would at least help stop the country being run by the
stupid.  It might result in policies which are unfair to less
intelligent people, though!  You can't win.

> > If the gold standard is in place, what stops the government simply
> > borrowing the money/gold at interest?
> 
> Unless they confiscate the gold (as they did in the U.S. in the 1930s)
> or refuse to honor gold-backed paper exchanges, people will simple
> hold the metal as coins.

I'm not talking about issuing paper money, I'm talking about issuing
bonds.  Governments already borrow most of their money that way.

Pete




---
You are currently subscribed to e-gold-list as: e-gold-list at kobly.com
To unsubscribe send a blank email to leave-e-gold-list-512001C at talk.e-gold.com

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.