A couple of weeks ago, we looked at the demise of 38 Studios. The video game developer failed after receiving $75 million in bond loans backed by the state of Rhode Island. Last week, we touched on the benefits of less taxation (or no taxation), but highlighted the potential threats of inequality that present themselves in selective tax relief.
This week I’d like to close out the series on Games and Liberty by highlighting one final liberty-minded alternative to government interference. If the state of Rhode Island backing loans to a game developer (and ultimately leaving the responsibility for that defaulted on loan to the taxpayers) is an extreme of government involving itself in an industry that has done quite well without it, than the opposite of that is the phenomenon of Kickstarter.
The simplest thought I had when I first heard about the debacle in Rhode Island was — “if the people of Rhode Island thought 38 Studios was a good investment, they would have made it themselves.” To the contrary, private investors practically fled from 38 Studios.
Kickstarter doesn’t represent the traditional model of investment (selling equity of a company in exchange for capital), but promotes the “crowd-funding” model that … Read More »
The proper purpose of government is to defend the liberty of its citizens. Liberty is the chief charge, and the only legitimate mission, of a just government. Every government endeavor that does not fall under the umbrella of defending liberty can be counted at best as superfluous, at worst as tyranny.
Last week, we discussed state interference in private industry. Namely, Rhode Island backing a $75 million bond loan to 38 Studios, and the subsequent passing of that financial burden to taxpayers when the studio failed.
This week, I’d like to discuss a positive approach towards taxation that can help not only businesses, but individuals as well. Namely, not taxing.
In the article last week, I discussed in the inherent immorality of taxation. If you haven’t read it, I urge you to check it out, at least reading the first portion on the unjust nature of taxation. With that as our basis, I’d like to move on to practically covering how lowering, and eliminating taxes helps everyone.
Frederic Bastiat, the French economist and author, said accurately, “By virtue of exchange, one man’s prosperity is beneficial to all others.” The simplest example: if the government stops taxing income of individuals, individuals keep more of their … Read More »
“The state is the great fiction through which everyone endeavours to live at the expense of everyone else.”
— Frédéric Bastiat, from “The State” in Journal des débats
Two of our most essential liberties are the right to our life, and our property. When a portion of what a citizen earns and produces in his life — his livelihood — is taken by government without consent, a portion of his life and property has been apprehended. No matter the portion, if part of his earnings — what he spends a majority of his life producing; his livelihood — are seized, part of him is not free. If a part of a citizen is not free, then none of him is free. He is a slave to the state.
Another immorality of taxation is it allows one citizen to obtain the money of another citizen, without his consent. If I believe a certain cause or project is worthy of funding, and would like you to contribute, the burden is on me to convince you. I must present my case logically, and passionately, but if you still refuse, then I have to accept that and move on. You have the right to choose what you … Read More »
Those of us who want liberty most also want, and feel at ease with, accountability. Critics dismiss the calls for liberty as petulance – assuming we don’t want to be told what to do so we can carouse around like fools. Rather, we’ve come to the conclusion that fools carouse around the capital and have a far away view of what we should be doing anyway.
The government has a responsibility to defend the liberty of its citizens, and has authority to place restrictions (in the forms of just laws) to that end only. Otherwise it has no right to tell you what to do.
Moreover, often the government isn’t smart enough to know what you ought to be doing anyway. At the state and local level there can be greater awareness, but even then we should be cautious. At the federal level, the less that is regulated and legislated the better. And in almost all cases, the people, when organized and educated, have a much better idea of which fair practices should be established and how order should be maintained.
But still, the same criticisms arise repeatedly from similar objectors – that especially in business, there must be regulation, and standards … Read More »
Liberty is the right we are all granted equally, but it’s the right we must be so vigilant in safeguarding. Through the natural course of things, our fellow citizen may try to infringe on it, our government limit it, and foreign threats seize it. It is the universal charge that we defend our liberty, and if possible the liberty of others.
Liberty unites us. Across all religion, ethnicity, gender, or age, liberty remains of universal benefit. We are all free to follow our own will, without violating the liberty of others.
Thomas Jefferson defined liberty as such:
“Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add ‘within the limits of the law’ because law is often but the tyrant’s will, and always so when it violates the rights of the individual.”
For most of my life I considered myself centrist, because I concluded that some amount of policy from the different ends of the political spectrum would provide the best result for everyone. That seemed fair. But a little bit of debasing currency, robbing citizens of value rightfully earned is not fair, no matter what political agenda attempts to … Read More »