Why Pay Taxes When the Government Can Just Print Money?

Why do we have to pay so much for milk? Let’s just put more water in it. Why pay so much for paint? Why not dilute it. Why pay so much for concrete? Just add more sand and gravel? That’s the logic of “Why Pay Taxes When the Government Can Just Print Money?”

Just because the government says something is valuable does not make it so. Printing money does not create wealth; it only dilutes the value of the money already in circulation, much of which has already been diluted (inflated).

Today, a silver dime is worth more than $3.00 today. This means that in Georgia, where gasoline is hovering around $3.15, that you could purchase a gallon for one thin silver dime. The purchasing power of our money has been devalued because our government has been printing money for a long time. Printing more money will only devalue it further. Prices will rise as the result of the inflated currency.

It was Satan, not Jesus, who suggested turning stones into bread (Matt. 4:3). Turning paper into money is the same evil. Only God can turn water into wine with a word (John 2:1–12). Only God can turn some bread and fishes into more bread and fishes (Matt. 14:13–21; 15:32–39). “By faith we understand that the worlds were prepared by the word of God, so that what is seen was not made out of things which are visible” (Heb. 11:3). The State is not God. When governments act like God, the people expect daily miracles. Dr. Gary North writes

“The lure of the welfare State remains with responsibility-avoiding men in every era. It was this lure which attracted the crowds to Jesus. “Jesus answered them and said, ‘Truly, truly, I say to you, you seek Me, not because you saw signs, but because you ate of the loaves and were filled.’ (John 6:26). They wanted a king who would feed them. They viewed Jesus as a potential candidate for king because He could multiply bread. They associated free food with political authority, which was the same presumption that the urban proletariat in Rome was making. If accommodated, this outlook would end in political tyranny and national bankruptcy. Jesus knew this, so He departed from them (John 6:11–15).”

Those calling for printing money over taxation commit the either/or fallacy: It’s either higher taxes or print more money. In both cases the State becomes the Great Provider. Again, Dr. North’s comments are instructive:

“Men in their rebellion against God want to believe in a State that can heal them. They believe in salvation by law — civil law. They prefer to live under the authority of a messianic State, meaning a healer State, rather than under freedom. They want to escape the burdens of personal and family responsibility in this world of cursed scarcity. They want to live as children live, as recipients of bounty without a price tag. They are willing to sacrifice their liberty and the liberty of others in order to attain this goal.

“One mark of spiritual immaturity is the quest for economic miracles: stones into bread. The price of this alchemical wealth is always the same: the acceptance of magic. Modern welfare economics teaches that the State can provide such miracles through positive economic policy, i.e., by taking wealth from some and transferring it to others, either directly or through monetary inflation. This belief is the presupposition of the Keynesian revolution, which dominated twentieth-century economic thought, 1936–1990. The self-taught economist (B.A. in mathematics) John Maynard Keynes actually described credit expansion — the heart of his economic system — as the ‘miracle . . . of turning a stone into bread.’”[1]

Shrinking the size of government will automatically mean a reduction in the amount of money we will be taxed and the temptation to print more money. But the people have to be willing to say no to the Messianic, god-like State.

Notes:
  1. Keynes (anonymous), Paper of the British Experts (April 8, 1943), cited in Ludwig von Mises, “Stones into Bread, the Keynesian Miracle,” Plain Talk (1948), reprinted in Henry Hazlitt (ed.), The Critics of Keynesian Economics (Princeton, New Jersey: Van Nostrand, 1960), 306. []

Comments

comments

  • http://pulse.yahoo.com/_NLORN6B3ZNGCAJTFHWWFUUEY4Q jong

    Obama of course is the end run of man trying to be "god". Obama like Stalin firmly believes that the state should and has the right to tell you what you can and can not do and when. It literally has the right of life or death. And since the state can not reach beyond death they also must replace God with themselves such as Stalin did with destroying churches and replacing Christs picture with his own. Obama with his hubris would love to do this also and has proven it with his attacks on the Church.

    • victorbarney

      So do Judges such as Kagan in the Supreme Court want to forefill Obama's DREAM, don't you know? Just saying...

  • NM Leon

    It's not an either/or question. Printing money is taxation.

    • PELICAN1001

      Free
      Lunch...

      900 teachers just got
      laid off from the Los AngelesUnifiedSchool District . They are $650,000 over
      their annual budget.

      The following English teacher helps to explain one area that looms large over
      California's educational crisis.

      THIS HAS GOT TO BE PASSED ALONG TO AS MANY AS

      POSSIBLE OR WE WILL ALL GO DOWN THE DRAIN BECAUSE A FEW DON'T CARE.

      This English teacher
      has phrased it the best I've seen yet.

      This should make everyone think,
      be you Democrat, Republican or Independent.

      From a California school teacher - - -

      "As you listen to the news about the student protests over illegal
      immigration, there are some things that you should be aware of:

      I am in charge of the English-as-a-second-language department at a large
      southern California high school which is designated a Title 1 school, meaning
      that its students average lower socioeconomic and income levels.

      Most of the schools you are hearing about, South Gate High, Bell Gardens ,
      Huntington Park , etc.. where these students are protesting, are also Title 1
      schools.

      Title 1 schools are on the free breakfast and free lunch program. When I say
      free breakfast, I'm not talking a glass of milk and roll -- but a full
      breakfast and cereal bar with fruit and juices that would make a Marriott proud.
      The waste of this food is monumental, with trays and trays of it being dumped
      in the trash uneaten.

      (OUR TAX DOLLARS ATWORK)

      I estimate that well over 50% of these students are obese or at least
      moderately overweight. About 75% or more DO have cell phones. The
      school also provides day care centers for the unwed teenage pregnant girls (some as young as 13) so they can attend
      class without the inconvenience of having to arrange for babysitters or
      having family watch their kids.

      (OUR TAX DOLLARS AT
      WORK)

      I was ordered to spend $700,000 on my department or risk losing funding for
      the upcoming year even though there was little need for anything; my budget
      was already substantial. I ended up buying new computers for the computer
      learning center, half of which, one month later, have been carved with
      graffiti by the appreciative students who obviously feel humbled and grateful
      to have a free education in America .

      (OUR TAX DOLLARS AT
      WORK)

      I have had to intervene several times for young and substitute teachers whose
      classes consist of many illegal immigrant students here in the country less
      than 3 months who raised so much hell with the female teachers, calling them
      "Putas" (whores) and
      throwing things,that the teachers were in tears.

      Free medical, free education, free food, day care, etc., etc., etc. Is it any
      wonder they feel entitled not only to be in this country but to demand
      rights, privileges and entitlements?

      To those who want to point out how much these illegal immigrants contribute
      to our society because they LIKE their gardener and housekeeper and they like
      to pay less for tomatoes: spend some time in the real world of illegal
      immigration and see the TRUE costs.

      Higher insurance, medical facilities closing, higher medical costs, more
      crime, lower standards of education in our schools, overcrowding, new
      diseases etc., etc, etc. For me, I'll pay more for tomatoes.

      Americans, We need to wake up. The guest worker program will be a disaster because we won't have the guts to
      enforce it. Does anyone in
      their right mind really think they will voluntarily leave and return?

      It does, however, have everything to do with culture: A third-world culture
      that does not value education, that accepts children getting pregnant and
      dropping out of school by 15 and that refuses to assimilate, and an American culture that has become so weak and worried about "political correctness"
      that we don't have the will to do anything about it.

      If this makes your blood
      boil, as it did mine,
      forward this to everyone you know including your Congressmen and Senators.

      CHEAP LABOR? Isn't that what the whole immigration issue is about?

      Business doesn't want to pay a decent wage.

      Consumers don't want expensive produce.

      Government will tell you Americans don't want the jobs.

      But the bottom line is cheap labor The phrase "cheap labor" is a myth, a farce,
      and a lie. There is no such thing as "cheap labor."

      Take, for example, an illegal alien with a wife and five children. He takes a
      job for $5.00 or $6.00/hour. At that wage, with six dependents, he pays no income tax, yet at the end of the
      year, if he files an Income Tax
      Return, he gets an "earned income credit" of up to $3,200 free.

      He qualifies for Section
      8 housing and subsidized rent.

      He qualifies for food stamps..

      He qualifies for free
      (no deductible), no co-pay) health care.

      His children get free
      breakfasts and lunches at school.

      He requires bilingual
      teachers and books.

      He qualifies for
      relief from high energy bills.

      If they are or become,
      aged, blind or disabled, they qualify
      for SSI.

      Once qualified for
      SSI they can qualify for Medicare. All of this is at (our) taxpayer's expense.

      He doesn't worry about car insurance, life insurance, or homeowners
      insurance.

      Taxpayers provide Spanish
      language signs,
      bulletins and printed material.

      He and his family receive the equivalent of $20.00 to $30.00/hour in benefits.

      Working Americans are lucky to have $5.00 or $6.00/hour left after paying
      their bills AND his.

      The American taxpayers also pay for increased crime, graffiti and trash
      clean-up.

      Cheap labor? YEAH RIGHT! Wake up people!

      THESE ARE THE QUESTIONS WE SHOULD BE ADDRESSING TO THE PRESIDENTIAL
      CANDIDATES FOR EITHER PARTY. 'AND WHEN THEY LIE TO US AND DON'T DO AS THEY
      SAY, WE SHOULD REPLACE THEM AT ONCE!'

      THIS HAS GOT TO BE PASSED ALONG TO AS MANY AS POSSIBLE OR WE WILL ALL GO DOWN
      THE DRAIN BECAUSE A FEW DON'T CARE.

      --

      IN GOD WE TRUST

    • dubravka12

      The USSR and Cuba also printed their way to prosparity.

      • NM Leon

        Yep, and we are following their shining example. What lunacy.

        • T Lady

          That's right...the very definition of insanity IMHO. And it drives me absolutely nuts when I hear people saying Obama is only trying to "help" people that have never been helped in this country (translation: Those who are non-White). I heard this nonsense last Saturday in my Bible study class at my local church. We were supposed to have been studying Mark 3:7-35 in which Jesus faced growing opposition from the High Priests and soothsayers of His day (when He walked the Earth). Instead, the teacher let the discussion devolve into an Obama worship session. As the lone Black Conservative, I made numerous attempts to put the study back on track and focus on the opposition Christians face in the present day. In short, it sickens me to my stomach how so many Christians who know the Word, could be so politically moronic especially when it comes to this lousy President.

  • Wiseone

    Good luck getting the people (masses) to say "no" to bigger government. Once they've tasted of the "free" government goodies, it is very hard to reverse that thirst for more! God save us!

    • victorbarney

      Sorry, but our CREATOR IS COMING TO PUNISH U.S. for it WAS "WE THE PEOPLE" who voted for this promised MARXIST(ANTI-CHRIST) TAKEOVER THROUGH THE "DEMOCRATIC PROCESS! The "ANTI-CHRISTS" JUST LOVE THAT "DEMOCRATIC PROCESS" STUFF TOO, don't ya know? Just saying...

  • victorbarney

    Great Report! This is exactly WHY it's the two-witnesses of Revelation, chapter 11 that are coming to punish u.s. and neither Obama nor Islam will have anything to do with it! For YHWH ALWAYS PUNISHES HIS OWN FIRST! That is UNTIL our punishment has been completed because 3 1/2 days after our punishment has ended, it will be time TO PUNISH PRESIDENT OBAMA & ISLAM as written also!

  • http://www.facebook.com/profile.php?id=1335949945 Dan C Morgan

    This was an EXCELLENCE piece!!!

  • PepperdotNet

    The Ten Commandments According to Obama

    I. Thou shalt have no God in America, except for me. For
    we are no longer a Christian nation and, after all, I am the chosen One. (And
    like God, I do not have a birth certificate.)

    II. Thou shalt not make unto thee any graven image,
    unless it is my face carved on Mt. Rushmore.

    III. Thou shalt not utter my middle name in vain (or in public).
    Only I can say Barack Hussein Obama.

    IV. Remember tax day, April 15th, to keep it holy.

    V. Honour thy father and thy mother until they are too
    old and sick to care for. They will cost our public-funded health-care

    system too much money.

    VI. Thou shalt not kill, unless you have an unwanted, unborn
    baby. For it would be an abomination to punish your daughter with a

    baby.

    VII. Thou shalt not commit adultery if thou art
    conservative or a Republican. Liberals and Democrats are hereby forgiven for
    all of their infidelity and immorality, but the careers of conservatives will
    be forever destroyed.

    VIII. Thou shalt not steal, until thou hast been elected
    to public office. Only then is it acceptable to take money from hard-working,
    successful citizens and give it to those who do not work, illegal immigrants,
    or those who do not have the motivation to better their own lives.

    IX. Thou shalt not discriminate against thy neighbor
    unless they are conservative, Caucasian, or Christian.

    X. Thou shalt not covet because it is simply unnecessary.
    I will place such a heavy tax burden on those that have achieved the American
    Dream that, by the end of my term as President, nobody will have any wealth or material
    goods left for you to covet.

    • philipsquires

      That is very good. It is the liberal agenda to a t.

    • toinform

      Very well stated. Hope you don't mind if I borrow this.

  • RobfromVA

    The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living!

  • mbd

    pepperdotnet: Right on brother. This sizes up Obama.

  • TheGizmo51

    If it weren't for the constitution we wouldn't have a republic. It's
    been the republinos since 2001 that have butchered our constitution
    along with our freedoms that are guaranteed in the constitution and have
    been blatantly ignored and twisted to fit the whims and greed of the
    republinos. Even our treaties signed with other nations have been
    broken such as the Geneva Convention given a new definition of
    compliance as well as torture. Banks and wall street have been given carte blanche while main street has been limited with restraints to burn in ruin.
    You may have the right idea, but the tea party, which wants to destroy
    our government, is not the right way to go. We need to change our
    government back to being held accountable and in conformity of and by
    the constitution. The main thrust of the constitution was to have
    created a government held accountable to the people, not the other way
    around. By making a stronger government, not weaker one, we can more
    easily protect the constitution from those who wish to destroy it by
    defeating the attempt at a localized and centralized control in the top
    1% of the population. This contagion has now spread to the supreme
    court by giving almost unlimited power to the 1% now with the money and
    power to not only control our elections but to strongly influence our
    judicial system. It is up to us, "we the people", to understand what is
    happening and to stop it before the United States of America is
    defeated and decays from within.

  • jd1958

    What is the difference between a paper $1.00 dollar bill and a paper $100.00 dollar bill? Both are the same size.
    Both are made of the same paper.
    Both have the same "security features".
    Both have the same amount of ink.
    It is "perceived value" nothing more. With this hand I'll pull a rabbit out of my hat. Look nothing up my
    sleeve...." Value out of nothing. It is the end of the world as we know it.......

  • Robalou01

    I'm ready for Atlas Shrugged. Anybody else?