Apparently to keep, or develop, a blog readership, there must be new content, which is not easy for someone working full time, so I may as well use the comments I make on other blogs where they are relevant to the themes here. More importantly, this blog is the central repository of the brain of Mark Hubbard, so when the men in the little black vans (either the ones with pies and Playboys in the briefcases, or the ones in the bottom postscript with the panoply of police-state laws on their side) come for me, then you’ll be able to refer to this, for this is what I believed.
The Cactus has an interesting post up (as always), making an argument, via housing, that the generational theft oft talked about in the MSM is a nonsense. I agree with her regarding housing, but not otherwise, though, would also disagree with the MSM argument that this is something new: it’s not, indeed, that’s the problem, as it’s been happening since the inception of the Welfare State, working through the tax system. The two comments I put up on The Cactus’s thread state my position well enough – the below is the amalgam of them:
I do think there is a generational theft, indirectly, though have never thought of it in relation to housing: you are pretty well right as far as that is concerned - and farm succession, for that matter. However, as in my Trotter blog of two days ago, especially the postscript quotation of Mauldin, regarding the chickens coming home to roost finally from 70 years of accumulating unsustainable government debt chasing an economic illusion (the welfare state), and we are the generation to witness the collapse of western economies because of this; plus the update of Mankiw who showed since 2009 the middle class in the US are net tax takers, not payers, in a manner similar to the middle class welfare we have here through tax transfers such as Working for Families; I focus this issue solely on taxation: that is, to support the baby boomers, on top of and due to the Keynesian train wreck that is crunching up all economies, progressive taxes/rates over the next twenty years are going to have to rise, and rise dramatically. Taxation is theft, and that theft is set to rise to the levels seen under Muldoon, and the 90p in the pound under Healey, and when Cunliffe has my wallet from 2014, he'll use the baby boomers as the excuse to empty it at an ever increasing rate to build a state I have no agreement with.Which is to say, to make my point succinctly; the welfare state has been, since inception under Micky Savage, founded on an inter-generational theft through the tax system, as the increasing government dollar spend has always outstripped current taxation: proof? Governments have always had to borrow to meet present unfunded commitments. If our welfare states had been affordable, not reliant on the deeper tax slavery of the next generation, and the next, then there would be no government debt. And we are the generation where the debt racked up is bankrupting entire western nations.
I will be paying more tax than my parents did, as well as financially supporting them. That's the 'theft'. I don't mind supporting my parents, but I sure as hell do the taxation that is making the whole problem of the welfare state worse, and paying for which I've lost my freedom to do with my money as I please, and my freedom per se.
Postscript: while on the topic of inter-generational theft, regarding the enforcers of it, I noticed a three column IRD situations vacant in the Press yesterday, looking to hire another Schutzstaffel of auditors (yes, plural): as if the current recession – and there is one outside of the rural sector - wasn’t bad enough, government wants to make your life in the Gulag of Forced Altruism behind the IRon Drape harder, scarier, and just plain more miserable. And public sector job losses? Apparently not where enforcing the Ponzi scheme of Big Brother’s welfare state is concerned. At the hands of Messrs Dunne and English, it’s getting uglier out here for free men and women; in fact, downright vicious, as we all sit on our hands, trying to be invisible, yet are jackbooted further from the civilised, voluntary society.
Worthy of note, was that according to page real estate, the ad was by far the biggest advertisement in the whole situations vacant, which is apt, considering the bigger that department gets, the fewer vacancies there will be in a private sector that is the most persecuted scapegoat in our society now. We need, desperately, a Western Spring: but don’t look to me for it - look at the whites of my eyes, I’m terrified, hell, I just put Schutzstaffel and IRD together in the same sentence, and I think my old mum thought I was bright: pfui.
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