The 21st century way to wealth, Pt. I: Industriousness
By Jeffrey Reeves MA
A 10 percent tax.
“It would be thought a hard government that should tax its people one-tenth part of
their time, to be employed in its service."
- Benjamin Franklin in the Persona of Father Abraham
Today’s governments in America take a lot more than ten percent of your time. They don’t require actual time. They take so much of the typical American’s work product — money for short — in the form of taxes that you really work for the government 50 percent of the time or more.
It can get even worse when you add in estate and inheritance taxes, probate fees and final expense costs if you are financially successful, even when you have well informed and qualified advisers.
Is ours, therefore, a “hard government?” Hard indeed and getting out of hand, but recall the taxes we impose on ourselves by idleness, pride and folly. We control these taxes entirely.
We can control the taxes of government only by electing people who see government as the servant of “We the People.”