Over the weekend the Cyprean government decided to move in on anyone who makes more than 120,000.00 dollars a year. They took 40% of their bank accounts. Tomorrow the banks in Cyprus reopen. Will people try to withdraw all their money? Shall other governments follow suit? Shall the world economic system begin deconstructing?
This is the result of the failed socialistic policy-it never succeeds. People need to work and government needs to let the private sector handle as much as it possibly can. The law of unintended consequences: everyone allows the government to do more and take more until the whole thing melts down. Then the alternative-the normal flow of economic activity in the free market-is revealed to be something you should not have toyed with.
The only way to keep politicians from wasting your money is to keep politicians to a minimum and apply the severest penalty when they steal from the treasury.
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