Fiscal Cliff, Wealth Tax and the United States National Debt

The U.S. national debt is in a crippling stage affecting the lives of every man, woman and child in the United States - including those yet to be born and threatens an inevitable fiscal cliff.  This disturbing trend can be monitored through the Internet on various websites dedicated to monitoring the debt crisis in America.  However, this clock number is not quite accurate.  This real time national debt clock does not include those things promised to Americans.

Though the 2012 Presidential campaign is over and Barack Obama looks forward to his second term in Office the subject of entitlements rages on.  This has a huge affect on the national debt.  As attested during the 2012 campaign, the majority of Democrats in the House of Representatives and Senate, as well as the entire Administration defend the federal government backed entitlements.  It is my estimation, though, that this move is primarily targeted to maintain a voting base rather than to ensure the sincerity of the welfare of the American public.  Overwhelmingly, the Republican representatives in both houses are asking the Administration for the reform of entitlements.  Will this actually happen with the current structure of Washington?  Also, will this really happen with a President bent toward socialist ideas?

The U.S. national debt clock is inaccurate because the promised entitlements are not included.  Given a true real time figure entitlements would add in excess of $86 trillion dollars to the ascending clock.  This is more than the ingredients of a fiscal cliff.  It’s a shameful catastrophe!  It’s a catastrophe not entirely blamed on one administration though socialist initiatives do add to the problem astronomically.  No, the problem is still in Congress where the laws are made.  Politics and sticking a diaper on the American public for their votes has caused the gridlock we stand in the midst of today.  Few truly want to resolve the matter through dialogue and negotiation.  This included our beloved President of the United States regardless of his bi-partisan promises during the campaign trail.

What is the reality?  The reality is that your taxes will go up next year.  Effective cuts are no longer the focus as was promised.  Taxes and various forms thereof are in the eyesights now.  The famed “Bush” tax cuts aimed to benefit business growth may or may not lapse at the end of the year.  Nevertheless, whether this year or the next they will be allowed by the United States Congress to die.  As a venue alternative to rolling up the sleeves and cutting spending this would allow taxes to “naturally” be raised at least 3%.

Another reality is the proposed wealth tax which in this country is unconstitutional in the nicest of terms.  The wealth tax is a blanket tax on assets owned by individuals and entities.  It has nothing to do with income earned in any given year but has everything to do with the government’s perceived accumulated wealth you have.  Your business may have gone under.  You may have lost your job or you may have earned absolutely nothing in a year.  In a wealth tax that means nothing.  Your wealth will be taxed a certain percentage accordingly.  This is blatant and deliberate seizure of personal property by the federal government.  It is, therefore, unconstitutional.  This is of no concern to France where the wealth tax has long been established.

One of the problems infecting the reasoning center of the cognitive mind in today’s society is that of making things equal.  Distribution of wealth puts everyone on a level playing field.  Know this that the fiends who hide behind sheep agendas perpetuate this idea.  It is their socialist agenda to make you think that working toward the American dream is futile and should never be enjoyed by anyone.  It is their agenda to make you think that anyone who succeeds has done so dishonestly and owes the rest of the public a greater share of their earnings.  It is their agenda to make you think that inequality of wealth is what has caused our economic dilemma today.  Any organized thought process like this that inhibits you own potential is dangerous and mocks the intent of the Constitution of the United States.  With distribution of wealth and the “equality” of wealth comes the lack of desire and drive to succeed.  Instead, this mindset invokes and creates a fertile ground of national apathy and dependence on the government to wipe their butt and punish others because their not as financially sound as the next guy.

This is the course the American public has opted to take and it is obvious that the Omnipotent has designed to let us learn a few things as we wrestle in the mire we have placed ourselves in.

Most elected city officials receive very little as payment for their services.  Certainly not enough to make public service an appealing career.  I believe this is good and correct and part of the founding principles of the United States.  It helps ensure transparency and pure intent of heart to serve the people.  No, this doesn’t cover every elected official but it does cover most.  Why can we not impose this on our national elected officials?  Money is a ruthless tone of greed.  Why not make the compensation not an appealing sight?   Why not help ensure that we have people running for various offices who truly want to serve the best interest of the people?  I’m all for a true modern George Washington to come along and rally to this cause.

Yes, we need to return to the principles that the Constitution of the United States affords us as well as the inspiration provided in the Declaration of Independence.  Yet this will never be done until the hearts of the offices and those who occupy them are cleansed.  Compensation and lobbyist kickbacks must be hindered in order to have even the vision of our original principles that can stand the test of any time in any economic climate.

The fiscal cliff will happen and the U.S. national debt clock will keep rolling under the umbrella of greed and socialism.  That is where our Republic is heading.