For Memorial Day, do yourself a favor and take three minutes of your time to listen to this Civil War letter from Maj. Sullivan Ballou to his wife.
I just started re-watching the Ken Burns series, which debuted in 1990 to a record-breaking audience of 40 million, for the first time since it originally aired.
While I had forgotten all of the specifics of the show over the years, I NEVER forgot this letter or this moment, which closed the first episode.
Burns kept a copy of the letter in his wallet for 25 years.
He’s correct.
Let’s test the extreme case.
Even if you confiscated every asset he owns, not just doubled his taxes, it would fund the U.S. government for only about two weeks.
If you seized the entire wealth of all American billionaires, it might cover federal spending for roughly 13 months.
Then what? You’ve cratered the economy for a one-time windfall that quickly vanishes.
The United States doesn’t have a revenue problem. It has a serious spending problem.
One of the worst parts of modern life is feeling like you have to investigate everything before you pay for it.
Cars, houses, medical bills, repairs, groceries… every industry feels like a trap waiting for distracted people.
Living is hard enough without feeling like everyone’s trying to finesse you.
If I have to pay $6 to rent a 40 year old movie off Amazon when I have a Prime subscription then we should just reopen Blockbuster. I'd rather have their employees judge my life choices.
People would complain less about taxes if the government was an incredible capital allocator that used it's bargaining position to get the best possible deals for taxpayers, but instead it is probably the worst allocator on the planet that is regularly fleeced and robbed.