May 092010
“Three hundred years ago, a substantial part of the population in the Americas was comprised of slaves. One hundred percent of the fruits of their labor were the property of their owners. Today, we are no longer slaves. However, about 40 to 50 percent of the product of your efforts and talent are not your property, but your masters’ — that is, the government and its friends. This is what you pay, whether you like it or not, embedded in the prices of the products, or through other taxes, duties, or tariffs. We are no longer slaves, but we are serfs.”
Read more: The Sovereign Individual – Helio Beltrao – Mises Institute http://mises.org/daily/4293#ixzz0nTPD2I8T
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