Happy in dependence day

He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance. …

Why, King George III. Who did you think we were talking about?

At the time of the Revolution, it is estimated the typical tax burden — with or without representation — was 20 cents per capita per year at a time when annual earnings were somewhere between $60 and $100. Today the total tax burden is more than 40 percent.

Today 52 percent of Americans receive some kind of government check. Federal regulations cost $2 trillion a year. Entitlement programs are going broke. Debt is ballooning. Foreign powers neither trust us or fear us. Morality and ethics are situational. The government enforces only those laws it wishes to enforce. Excess regulations make entrepreneurial efforts almost impossible. Politicians lie, cheat and steal without fear of facing any consequences other than re-election. The media are largely toothless and growing weaker.

Happy in dependence day, celebrate our dependence.

Franklin, Adams and Jefferson

When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

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13 comments on “Happy in dependence day

  1. Nyp says:

    Gee, I can think of at least one demographic group that is far, far more independent now then they were in 1776. Can you?

  2. Yeah…Abraham Lincoln and the newly formed Republican party remedied that deep dark stain on our nations founding.

  3. Nyp says:

    On the other hand, maybe Mr. Mitchell has a point – we are enslaved by Medicare

  4. Steve says:

    Gotta wonder if Nyp shops for groceries exclusively on the first of the month.

  5. Anonymous says:

    And what about Social Security — so enslaving!

  6. ronknecht says:

    Thx, Mitch. Happy 4th. And thanks for your continuing work.

    Ron Knecht Economist & Nevada Controller 775-882-2935 775-684-5777 http://www.RonKnecht.com

  7. As for Social Security, I’d’ve been better off saving that money myself, even after the government-imposed housing mortgage recession took a huge bite out of what I did save, as well as equity in my house.

  8. Nyp says:

    “… government-imposed housing mortgage recession ….”

  9. BTW, emancipation was a Lincoln war tactic, not an objective.

  10. Nyp says:

    Thirteenth Amendment

  11. Steve says:

    “government-imposed housing mortgage recession”

    Translated = sub prime government “encouraged” mortgage loans

    I feel good I was able to hold on to my house through two recession driven “downsizes”

    And, before Nyp points out I used ACA, it was required by law. So (not being an idiot) I used it instead of taking the “tax” penalty or paying 5 times as much for private insurance.
    If it weren’t for ACA, we would have paid out of pocket for medical services and carried only catastrophic coverage.

  12. Bill says:

    Well, against a backdrop of pessimism about the state of affairs today, I do wish all a happy and safe 4th of July to all and would urge them to remember that this was not just a day like any other day but the day we have chosen to celebrate our independence and begin this remarkable endeavor called the United States. To be true, there is much to be concerned about today but then, over the course of our history, there always has been. Some how or other, the American people have managed to do the right thing and to the naysayers and apologists for the United States, I would tell them to stick it. For the most part, we have done a better job than just about any other nation. So, instead of just viewing this as a day for camping, picnics and fireworks, think about where we started, where we have been and work towards where we are going. Sorry to be emotional but old habits die hard for old Marines.

  13. Anonymous says:

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