Remember the opening to the Beverly Hillbillies? If you’re from Nashville, you better. There’s Flatt and Scruggs singing the Ballad of Jed Clampett with the visuals of him finding the oil on his farm and moving to Beverly Hills. Old Jed found a “pot o’ money” and moved up in the world.
Politicians and Bureaucrats in America are a lot like that. Except for one thing. The “pot o’ money” they are looking for is always on somebody else’s property. Consider these observations.
The Price of Gasoline. As the decreases lasted longer than a few days, politicians and bureaucrats began talking about raising the gas tax. You were experiencing a “windfall” in cash, a “pot o’ money” so to speak. Since you had been paying twice the current price for gasoline, politicians reasoned, and said so, that you would not “miss” this money if the gas tax were raised. After all, our roads and bridges were all falling into massive disrepair. Senator Bob Corker and Governor Bill Haslam are now front and center wanting to get their hands into your “pot o’ money”.
Insure Tennessee. ObamaCare has placed a “pot o’ money” out there for states across the Union to dip into to increase their Medicaid rolls. Again, Governor Haslam has proposed that we dip into that “pot o’ money”. Elected officials in Tennessee have stated in committee hearings that “we send our money to Washington and other states are getting it. We ought to get in on that.” Another “pot o’ money” that politicians feel they are entitled to.
The Hall Income Tax. Since Tennessee’s Constitution prohibits an income tax, politicians have been scheming to get into that “pot o’ money”. They even figured out a way to call investment income not real income “income” as if investment interest and dividends is not income. Individuals who have already paid taxes on these earned monies have found themselves holding a “pot o’ money” that bureaucrats believe belongs to them.
This entitlement mentality fostered by the New Deal and Great Society has infected the ruling class. Instead of believing in a world where private property rights form a pillar upon which a prosperous society stands, these “rulers” are trolling citizens always looking for a “pot o’ money” they feel the person who possesses it has no right to. After all, these folks have enough and there are so many needy people out there and there are so many projects that need to be done and there are so many donors that have to be rewarded. Did I just say that?
People, get accustomed to these sad truths. There is no end to the number of projects or people who want to get their hands on your “pot o’ money”. There is no end to the irresponsible decisions that politicians will make in order to hold onto power or pave the way for their next soft landing at someone else’s expense. One need only look at the expanding $18 trillion national debt.