stabilize prices

Home » stabilize prices

Cut Military Spending by 60%: Libertarian Candidates Pledge

in Liberator Online, Military by James W. Harris Comments are off

(From the Intellectual Ammunition section in Volume 19, No. 16 of the Liberator Online. Subscribe here!)

Cut Military Spending by 60%As we noted last issue, scores of Libertarian Party candidates for federal office have pledged to downsize the bloated federal government — in four big and specific ways:

  • Eliminate the federal income tax
  • End the War on Drugs
  • Abolish the NSA
  • Cut military spending by 60%

We’re exploring each of these pledges in detail, one per issue, because the Libertarian Party has done a great job of showing that these bold proposals are not only possible, they are practical and enormously beneficial. (Of course, you can jump ahead of us and read about all four positions right now.)

Let’s look at the pledge to cut military spending by 60% or more. The candidates pledge: “If elected, I will sponsor legislation to cut military spending by 60% or more and cut total federal spending accordingly; close all foreign U.S. military bases; withdraw completely from the Middle East; and bring our troops home.”

Here are the benefits, according to the Libertarians:

* A non-interventionist foreign policy will result in less hostility towards the United States and reduce the risk of a terrorist attack.

* There is no justification for forcing U.S. taxpayers to fund the military defense of other nations, including wealthy countries such as France, Germany and Japan.

* Cutting the U.S. military by 60 percent does not remove one cent of U.S. military defense spending — only military offense, defense of other countries, and waste.

* An oversized military budget is a war waiting to happen. Needless war results in untold death and destruction — the greatest assault on human liberty. A lean, reasonably-sized military budget will save lives, avoid casualties, preserve personal property and community infrastructures, and foster peace.

* Voters want to downsize the U.S. military. According to a survey by the Stimson Center, Democratic, Republican and independent voters all want to cut military spending “far more severely than the sequester would” and “far, far more severely than either party has proposed.”

* Closing foreign bases and withdrawing from the Middle East means that U.S. troops stationed abroad can come home to their families. Kids will grow up with mom and dad at home.

* Fewer casualties will reduce demand on the Veterans Administration, which will improve the care of America’s wounded soldiers.

* Downsizing the military will force the reduction and consolidation of 18 separate spy agencies — the surest way to end the government’s spying on innocent citizens in violation of the Fourth Amendment.

* A right-sized military will be auditable, will squeeze out its legendary waste and will put an end to overpriced and unneeded multi-billion-dollar procurements that politicians lobby for to “bring home the bacon” to their districts.* A non-interventionist policy will reduce trade barriers, resulting in greater prosperity for both Americans and our trading partners.

* Cutting the military by 60 percent will enable substantial cuts in federal taxes and stop the growth of the national debt. If applied to the income tax, each American family will get back, on average, $4,100 — every year. If used to balance the budget, it will eliminate approximately 70 percent of the deficit and stop today’s rapid inflation of the dollar. This will stabilize prices on everyday goods and services and dramatically reduce the risk of an economic collapse.

* Transferring wealth out of the government sector and into the private sector will create sustainable, productive jobs — approximately twice as many jobs as will be lost in the government sector. A net increase of millions of new jobs.

Libertarian Candidates Pledge: Abolish the Income Tax

in Drugs, Economic Liberty, Elections and Politics, Liberator Online, Libertarian Party, Libertarian Stances on Issues, Libertarianism, Military, Taxes by James W. Harris Comments are off

(From the Intellectual Ammunition section in Volume 19, No. 15 of the Liberator Online. Subscribe here!)

Scores of Libertarian Party candidates for federal office have pledged to downsize the Abolish The IRSbloated federal government — in these big and specific ways:

  • Eliminate the federal income tax
  • End the War on Drugs
  • Abolish the NSA
  • Cut military spending by 60%

We’ll be examining those pledges in detail below and in the next few issues, because they show that these bold-sounding proposals are not only possible, but practical and beneficial. (Of course, you can jump ahead and read about all four positions right now.)

First, eliminating the hated federal income tax. The candidates pledge: “If elected, I will sponsor legislation to eliminate the federal income tax, cut federal spending to the 1998 level ($1.65 trillion), and get the IRS off the backs of taxpayers.”

(Yes, that’s right: government has grown so rapidly in recent times that if you cut spending to 1998 levels — the Clinton era of huge government — you could eliminate the federal income tax.)

Here are the benefits of eliminating the income tax, according to the Libertarians:

  • Immediately balances the budget — without raising taxes.
  • Gives back, on average, $11,525 to each American family — every year — that they can invest, save, spend, or give away as they see fit.
  • Pours $1.4 trillion into the productive, private-sector economy, stimulating massive investment in small businesses and creating tens of millions of new private-sector jobs.
  • Stops the devaluation of the dollar and stabilizes prices, preserving American wealth.
  • Forces politicians to eliminate destructive federal programs, regulations, and bureaucracies that do more harm than good. Examples include: stifling business regulations, the prohibition of marijuana, unnecessary foreign wars, and thousands of frivolous projects best left to the private sector (e.g., promoting the Hawaiian Chocolate Festival).
  • Creates a boom in charitable giving. Trillions of dollars back in the hands of American taxpayers enables them to take care of others in need through their churches and private charities, and by giving directly to help friends, family, and community members in need.
  • Eliminates wasteful bookkeeping needed to comply with IRS tax filings and audits, saving Americans 6 billion hours of their precious time and up to $378 billion in accounting costs — every year.
  • Aborts the Democrats’ and Republicans’ plan to add another $5 trillion over the next eight years to the already perilously high $17 trillion federal government debt, sparing future generations from footing a bill they played no part in creating.
  • Frees up billions of dollars for Americans to spend on music, entertainment, crafts, and the arts, enabling talented individuals — now unemployed or working in jobs they don’t like — to do what they love for a living.
  • Forces politicians to eliminate government waste.
  • Stops the growth in the interest due on the federal debt, now at $237 billion per year. This will help minimize this expense if interest rates ever rise, which is likely.
  • Restores America’s reputation as the envy of the world, demonstrating that the American experiment of free, unfettered trade creates prosperity and alleviates poverty. This sets an example for poor countries, helping them rise from hardship to abundance.

 

Click here to read the next article from this issue.

Click here to return to the newsletter.

Libertarian Party: End IRS scandals — By Abolishing the IRS and Income Tax

in Liberator Online by James W. Harris Comments are off

In the wake of the latest Internal Revenue Service (IRS) scandalsLibertarian Party Executive Director Carla Howell says there’s only one certain way to end all such scandals, now and in the future:

“We must abolish the IRS and end any need for a regulatory agency that snoops into people’s private lives,” Howell said on May 17.

Further, Howell offers a compelling argument that this is not only possible, it would have tremendous benefits for thAbolish the IRSe country.

If we just cut the federal budget back to 1992 levels, Howell says, we could end the IRS and the income tax — and leave the government with more than sufficient funding to perform its constitutional obligations.

1992 was the year Bill Clinton was elected president. Few people at the time would have argued that the federal government of 1992 was too small. Indeed, a few years later, President Clinton himself would famously declare it was time to reduce the size and scope of the federal government because “the era of big government is over” and Americans needed “a smaller, less bureaucratic government… that lives within its means.”

Says the Libertarian Party’s Howell: “We must draw back total federal spending to the level of 1992, which is more than enough to fulfill the government’s constitutional duties to protect our life, liberty, and property. This will allow us to balance the budget immediately, end the federal income tax completely, and give back an average of more than $12,000 to every family in America.”

“We don’t need an income tax, and we certainly don’t need the IRS,” Howell says.

The idea of getting rid of the income tax and the IRS by reducing the federal government to its 1992 size sounds downright reasonable. Indeed, a government funded at 1992 levels would still be far too big for many Americans.

Howell notes that IRS political scandals are nothing new. “The presidential administrations of Franklin Roosevelt, John F. Kennedy, Lyndon B. Johnson, Richard Nixon, Bill Clinton, and, now, Barack Obama have all been caught using the IRS to target political enemies.

“As long as we have the IRS — and the income tax — we should expect more presidents to use their power to silence and intimidate free voices. No IRS investigation or firing of a few scapegoats will change that.”

Howell points out there are many other benefits to ending the income tax.

“Ending the income tax, abolishing the IRS, and cutting federal spending to the level of 1992 means no more deficit spending,” Howell says. “This will stop inflation and stabilize prices. Even more importantly, it will transfer wealth out of the wasteful, dysfunctional and destructive government sector and into the productive private sector, resulting in a bounty of new jobs and prosperity for Americans.

“We will make living in America and doing business in America much better,” Howell says. “Individuals, businesses, and political organizations will all be safe from government interrogation and free to express their political views. It will dramatically increase the wealth of the private sector and inspire hundreds of billions of dollars in investment in small businesses and American jobs.”

And why stop there?

“We can cut federal spending by 50 percent, or even 90 percent, and Americans will be better for it,” Howell argues. “We can end the personal income tax, the corporate income tax, the death tax, and all federal payroll taxes. There will be no need for the IRS, nor any substitute agency.”

Yet another benefit of abolishing the IRS is that it would become far more difficult to fund a massive global interventionist military presence and warfare around the world, Howell notes.

“It will also require our massive military budgets to go down, which currently encourage overseas meddling and war,” Howell says. “We get rid of the IRS, we get rid of the income tax, we dramatically downsize federal spending and taxation, and America and the world will be better for it.”

The Libertarian Party’s call to abolish the income tax and IRS echoes Ron Paul, who for years introduced the Liberty Amendment in Congress to do exactly that.

Want to convince others that this is a great idea? Here’s a four-part series of short articles by Advocates President Sharon Harris that offers suggestions for doing this:

Making the Case for Ending the Income Tax: Part 1.
Making the Case for Ending the Income Tax: Part 2.
Making the Case for Ending the Income Tax: Part 3.
Making the Case for Ending the Income Tax: Part 4.