Housing legislation — even worse than you think
Here's a glimpse of the unseen threat of big, "benevolent" government. The Housing Bill that's going to bail out Fannie Mae and Freddie Mac with taxpayer dollars hides a little lagniappe for Big Brother:
Two egregious provisions of the bill haven't gotten a lot of coverage, especially since Fannie and Freddie got thrown into the mix, but I assume they'll end up in the final version of the bill: 1) Nearly all credit-card transactions will be tracked and reported to the IRS and 2) Many people in the mortgage and real estate industries must submit to a mandatory fingerprint registry.
Just goes to show the old saying is true: "A government big enough to give you everything you want, is strong enough to take everything you have."
posted by Michael Tuggle @ Thursday, July 24, 2008
3 Comments
3 Comments:
The income tax is wrong for so many reasons:
- it enables governmental snoopervision of your finances,
- it requires a huge bureaucracy to maintain, and
- it tends to punish thrift, and reward consumption.
In Ohio, there is a serious proposal to gradually phase out the State income tax -- after independence, I would like to see it abolished altogether, even if requires a much higher sales tax to compensate.
harold thomas,
That's one of the big benefits government gets from income tax -- potentially useful personal information. I've seen data mining programs cross-analyze different databases and produce amazing insights into people's personal lives.
Congressman Paul also points out that hidden in this 600 page bill is an increase in the national debt of around $800 BILLION!
He addressed the fingerprint issue on the house floor also by noting that we did not get in this mess because mortgage brokers were not being fingerprinted.
That's kind of like trying to curtail automobile accidents by making a database of everyone's DNA. Oops, I hope I have not given them any new ideas.
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