Today should be a public holiday. We should celebrate our partial freedom (or mourn our partial enslavement). Today (1 June) is tax freedom day in the UK, the day when we stop working to fill the coffers of government through taxation and begin working for our own benefit. The concept of Tax Freedom Day was developed and copyrighted in 1948 by Florida businessman Dallas Hostetler, who calculated it each year for the next two decades. He then transferred the copyright to the Tax Foundation who has calculated Tax Freedom Day for the United States ever since, using it as a tool for illustrating the proportion of national income diverted to fund the annual cost of government programs.
In the UK the Adam Smith Institute does the same since 1991 and established June 1 as tax freedom day for 2007, observing that the day is arriving later and later over successive years with the tax burden ever increasing through both direct taxes and stealth taxes. In some countries of Western Europe the situation is even worse. Germans work another extra month for the tax man before filling their own pockets, and in Sweden it is another two months until August, meaning the government takes more than Swedish workers receive themselves every year.
Government, once intended to be the servant of the people, has become their master. In turn, they serve the Mammon, or the financial industry, and are inventing every more subtle ways of squeezing a little more out of the working population in order to pay the interest on the national debt. This debt is totally unnecessary if the treasury created the nation's money supply instead of borrowing it from banks who, in turn, create it out of thin air.
The national debt is, of course, not the only yoke placed on hard working people. In addition, there is mortgate debt and consumer debt, extending the enslavement of the individual well beyond the tax freedom day marker. Added all together, we keep very littel of our hard earned money, if anything at all. Many people have to borrow in order to pay their taxes, demonstrating just how unsustainable the system heralded as market economy has become.
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