What's Missing in the Fiscal Cliff Debate

Whose money is it, anyway?
Underlying all the recent debates about the federal debt and the amount of revenue the government needs and what kind of policy is best for job growth is a disconcerting implication: the government has claim to as much of our money as deemed necessary by these measures. In some quarters it is even argued that to be unsatisfied with the amount the government takes displays a lack of gratitude and loyalty to a government that has given so much to us. Indeed, one should be grateful the government only takes what it does.

The implication in all of this is that the government has a right to all property. To forego seizing some percentage of it is considered restraint and actually documented as a revenue loss or even an expense.

I am anxious to see a serious discussion about who owns the money we make.

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