“When the Spanish conquered South America, their encomienda system of slavery typically required only 40 days of work from their victims. The French conquered Madagascar; they forced male Hovas between 16 and 60 to work 50 days a year. The US example is closer to that of Russia – where Emperor Paul I, in 1797, declared that three days a week was enough for serfs to give their lords and masters. That works out to nearly 150 days a year. A 50% tax rate – federal, state and local – is the equivalent of about 125 days of forced labor a year. Pretty steep. But that’s just the beginning. In our system of crony democracy, all the major industries have whips in their hands.”
http://www.bonnerandpartners.com/why-i-sued-washington-28-years-ago/
(Visited 32 times, 1 visits today)
Related posts:
An Idiot’s Guide to Bitcoin: the man behind the book
The Market Shall Set North Korea Free
Interview with Peter Thiel, the Popular Contrarian
Life in the Electronic Concentration Camp
Mises on the Robotics Revolution
Three major fault lines in Syria! Will they explode?
Should You Invest in the Marijuana Boom?
Censorship in Libraries: 10 Years Under the Children’s Internet Protection Act
John Hussman: Yes, This Is An Equity Bubble
Deputizing America
Destroying the middle ground
Admit It. You Just Want Your Own Dictator
Cuba's Past Could Be Your Future
Chris Becker on South Africa, Gold and the Ludwig von Mises Institute
Hong Kong Wrong [2006]