Government takeover
Cry Wolf Quotes
In 1989, sympathetic members of Congress got the Home Mortgage Disclosure Act amended to force banks to collect racial data on mortgage applicants; this allowed various studies to be ginned up that seemed to validate the original accusation… bank regulators required the loosened underwriting standards, with approval by politicians and the chattering class. A 1995 strengthening of the Community Reinvestment Act required banks to find ways to provide mortgages to their poorer communities. It also let community activists intervene at yearly bank reviews, shaking the banks down for large pots of money.
Death taxes are based entirely upon capital. This capital can be destroyed either by taking it from its owners and using it for maintenance of government, or what amounts to the same thing, by diminishing its value, or by checking the incentive for its production. That is actually happening.
…this bill will require the creation of a Federal police force of mammoth proportions. It also bids fair to result in the development of an ‘informer’ psychology in great areas of our national life—neighbors spying on neighbors, workers spying on workers, business spying on businessmen—were those who would harass their fellow citizens for selfish and narrow purposes will have ample inducement to do so. These, the Federal police force an ‘informer’ psychology, are the hallmarks of the police state and landmarks in the destruction of a free society.
In all probability, however, compulsory unemployment insurance cannot be had without an amendment to the Constitution, probably both state and federal, as such a measure might be attacked on the grounds that it is confiscation of property without due process of law.
