Protecting the rights of even the least individual among us is basically the only excuse the government has for even existing.
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Protecting the rights of even the least individual among us is basically the only excuse the government has for even existing.
Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves.
Democracy is worth dying for, because it's the most deeply honorable form of government ever devised by man.

Sen. John Kerry, who betrayed his own comrades-in-arms while testifying before Congress is now betraying the taxpayers in Massachusetts. The socialist, even while he has repeatedly voted to raise taxes while in Congress, dodged a whopping six-figure Massachusetts' tax bill on his new multimillion-dollar yacht by mooring her in Newport, R.I.
Isabel - Kerry’s luxurious, 76-foot New Zealand-built Friendship sloop with an Edwardian-style, glossy varnished teak interior, two VIP main cabins and a pilothouse fitted with a wet bar and cold wine storage - was designed by Rhode Island boat designer Ted Fontaine.
But instead of berthing the vessel in Nantucket, where the senator summers with the missus, Teresa Heinz, Isabel’s hailing port is listed as “Newport” on her stern. Could the reason be that the Ocean State repealed its Boat Sales and Use Tax back in 1993, making the tiny state to the south a haven - like the Cayman Islands, Bermuda and Nassau - for tax-skirting luxury yacht owners?
Cash-strapped Massachusetts still collects a 6.25 percent sales tax and an annual excise tax on yachts. Sources say Isabel sold for something in the neighborhood of $7 million, meaning Kerry saved approximately $437,500 in sales tax and an annual excise tax of about $70,000.
The senior senator’s chief of staff David Wade denied the old salt was berthing his boat out of state to avoid ponying up to the commonwealth.
“The boat was designed by and purchased from a company in Rhode Island, and it’s based in Newport at the Newport Shipyard for long-term maintenance, upkeep and charter purposes, not tax reasons,” Wade told the Track.
And state Department of Revenue spokesman Bob Bliss confirmed the senator “is under no obligation to pay the commonwealth sales tax.”
But back in 2006, then-gubernatorial candidate Christy Mihos took some flack for avoiding some $23,000 in Bay State sales tax and $1,320 in local excise taxes by berthing his motor yacht in Rhode Island. But Mihos paid just $475,000 for his 36-foot vessel Ashley and readily admitted that he used the boat at his West Yarmouth summer home.
However, according to Bliss, if Kerry berths the Isabel in Massachusetts waters within six months of purchasing the boat, there’s a “presumption of use” and the Heinz-Kerrys would have to walk the plank and pony up to the Bay State. After six months, should the boat change its berth to, say, Nantucket, then it’s up to the state to go after them for the taxes, Bliss added.
Yesterday, the Isabel, which lists Great Point LLC of Pittsburgh, Penn., as its owner, was getting a spruce-up at the Hinckley shipyard in Portsmouth, R.I. Sources say the senior senator is demanding that some warranty work be done.
Fontaine, a protege of legendary sailboat designer Ted Hood, was tight-lipped about the owners of Isabel but he did confirm the boat was built in New Zealand. According to Internet reports, Kerry was seen in Whangarei last December inspecting his new high-seas plaything.
By: Veronique de Rugy
At a time when Paul Krugman and other Keynesians are arguing against austerity measures and in favor of more stimulus money, it is worth asking how bad the country’s financial situation is. The answer, unfortunately, is: really bad.
The chart below examines the Congressional Budget Office’s (CBO’s) most recent Long-Term Budget Outlook projections for the next 25 years of federal debt held by the public. Projections are shown under the CBO baseline, alternative scenario, and the alternative scenario incorporating crowding-out effects (data from this most-likely scenario are only given through 2027 because at this gargantuan level of debt CBO models simply break down).

Even under the extremely unrealistic best-case scenario, debt continues to grow faster than the economy, increasing from around 60 percent of gross domestic product in 2010 to 80 percent of GDP in 2035.
The CBO baseline uses spending and revenue provisions as they exist under current law. Under this scenario, the Bush tax cuts are allowed to expire, the alternative minimum tax remains un-indexed to inflation, and revenue and spending in the healthcare bill occur as planned (note that these promises have already begun to be broken—projected cuts in Medicare reimbursement have been put off three times already this year). Even CBO finds this scenario highly unlikely.
This is why the scenario in black projects what CBO deems more likely. In the world of the alternative scenario, widely expected policy changes occur. These include:
As you can see, things look bad in this case. But when the dynamic effects of government debt on the economy are incorporated, things look even worse. When government borrows money, there is less money available for the private sector to invest in capital; this results in decreased economic output in the long run. Economists refer to this effect as crowding out. The red line shown above captures the most likely projection of debt as a percentage of GDP, incorporating crowding-out effects.
In the real world—where politicians are subject to political pressure, investors must compete with the government for capital, and citizens watch their government for cues before spending and investing—debt held by the public as a percentage of GDP skyrockets to 188 percent of GDP by 2027. From there, no one, not even CBO, can pretend to know where the economy will go.
Editor's Note: Veronique de Rugy is a senior research fellow at The Mercatus Center at George Mason University.