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The Hamilton Minute
The Hamilton Minute

Stimulated Redistribution

The Hamilton Minute

Stimulated Redistribution

Episode ID: 65541 · 00:00:59 · March 26, 2021
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“Let the thief no longer steal, but rather let him labor, doing honest work with his own hands.”  Ephesians 4:28(a) (NASB).

 

My name is Abraham Hamilton, III and this is The Hamilton Minute.

 

Whenever I hear the federal government is going to give something to someone I reflexively clutch my wallet. Because the federal government doesn’t generate money in its own right. So whenever they “give” something it always comes from you and me, the taxpayers.

 

The Biden administration has signaled that it will introduce a gradual tax increase to help “pay for” his spending initiatives, including Covid stimulus payments.

 

How would Americans feel if they knew the stimulus payments they may receive today will only be followed by increases in their federal income taxes tomorrow?

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