Tuesday, March 3, 2009

Taxation Without Representation

Time is often referred to by scientists as The Fourth Dimension. In finance, time is an important element -- the basis for much of the value of investment. A buffer of time between the commitment of an illegal act and its detrimental effects is no protection against prosecution in our legal system. Say, for example, I were to set a bomb now that is timed to go off in seven years. When the bomb later went off, would I be any less liable, legally or morally, for the damage that bomb did? I am no lawyer (thank goodness) but I doubt the statute of limitations would apply.

So why, then, should politicians be exempt from the consequences of their actions, or from the rules that govern their actions, by virtue of time? Generations in the future, because of the astronomical spending bill that Washington thieves have just passed, are effectively being taxed beyond all reason, or previous precedent. "No taxation without representation" was the battle cry that inspired an emerging, great nation to fight for independence.

Yet the children, grandchildren, and great-grandchildren of that once-great nation are being taxed in the future, for our comfort and convenience, now. If only all of those who will pay those taxes were here to protest the lack of representation, there might be another revolution, of a slightly different kind.