By now everything is kind of too big to fail until it falls apart, because that....it will
We hear on the news everyday how our government throws around the word “billion” like it was just pocket change.¬† I guess in the large scheme of things, to them it is only a few dollars.¬† Do we really understand just how big a billion is?¬† If we think about it and put it in a perspective of time rather then money it would look something like this;
A.¬† A billion seconds ago it was 1959.
B.¬† A billion minutes ago Jesus was alive.
C.¬† A billion hours ago our ancestors were living in the stone age.
D.¬† A billion days ago no one walked on the face of the earth on two feet.
E.¬† A billion dollars ago was only 8 hrs. and 20 minutes at the rate our government is spending.
Thinking of it in time rather then money makes a huge difference doesn’t it?¬† So where does all this money come from?¬† You and I supply it in the form or taxes.¬† Let’s take a look at some of the taxes we are faced with on a daily basis.
Building Permit Tax – ‚Ä®CDL License – Tax¬†‚Ä®Cigarette Tax – ‚Ä®Corporate Income Tax¬† – ‚Ä®Dog License Tax – ‚Ä®Federal Income Tax – (Fed)‚Ä®Federal Unemployment Tax – (FU TA)¬†‚Ä®Fishing License Tax – ‚Ä®Food License Tax – ‚Ä®Fuel Permit Tax – ‚Ä®Gasoline Tax¬†‚Ä®- Hunting License Tax – ‚Ä®Inheritance Tax – ‚Ä®Inventory Tax – ‚Ä®IRS Interest Charges (tax on top of tax) – ‚Ä®IRS Penalties (tax on top of tax) – ‚Ä®Liquor Tax¬†‚Ä®- Luxury Tax – ‚Ä®Marriage License Tax¬†‚Ä®- Medicare Tax – ‚Ä®Property Tax – ‚Ä®Real Estate Tax – ‚Ä®Service charge¬†taxes – ‚Ä®Social Security Tax – ‚Ä®Road Usage Tax (Truckers) – ‚Ä®Sales Taxes – ‚Ä®Recreational Vehicle Tax‚Ä® – School Tax – ‚Ä®State Income Tax -¬† ‚Ä®State Unemployment Tax (SUTA) – ‚Ä®Telephone¬†Federal Excise Tax – ‚Ä®Telephone Federal Universal Service Fee¬†Tax – ‚Ä®Telephone Federal, State and Local Surcharge Tax – ‚Ä®Telephone Minimum Usage Surcharge Tax – ‚Ä®Telephone Recurring and Non-recurring Charges Tax -¬† ‚Ä®Telephone State and Local Tax¬†‚Ä®Telephone Usage Charge¬†Tax¬†‚Ä®Utility Tax -¬† ‚Ä®Vehicle License Registration Tax – ‚Ä®Vehicle Sales Tax – ‚Ä®Watercraft Registration Tax – ‚Ä®Well Permit Tax – ‚Ä®Workers Compensation Tax
The email went on to say that not one of these taxes existed one hundred years ago.¬† Our nation was the most prosperous in the world and we had no national debt.¬† We had the largest middle class in the world and Mom stayed home to raise the children.¬† So what happened?¬† Why are we now drowning in a sea of debt and throwing billions of dollars around like it was nothing?¬† Could it be we are just out of control in Washington?¬† I think the root of all this spending is not on the Presidents desk, but in the middle of Congress.¬† If we the people would limit the term in Congress to just eight years I think we would see all this spending come to an end.¬† The politicians who stay in Congress term after term are really buying their way back in, it’s called bringing home the bacon.¬† The only problem is the bacon is coming right off the backs of you and I.
It’s funny when you think about it.¬† We fought to leave British rule because of too many taxes.¬† Now I haven’t done the math to make sure the information in the email is correct, but I an assuming it is.¬† At any rate it is something to think about.
And to think we fought to leave British rule¬†to avoid so¬†many taxes.