Government Power vs. Rights and the Cypriot Crisis
Much of the problem we have with with our government today is not the system of government, though we are led to believe that is the problem. The problem is the people we elect.
Take Nanny Bloomberg, for example. He recently implemented a soda ban, which was struck down by the New York State Supreme Court (which, ironically, is not the state’s supreme court) as “arbitrary and capricious”. Bloomberg has appealed.
The city does not allow homeless shelters to serve donated boxes of food, because they can’t guarantee how much sodium is in them. We don’t care if you are starving, you may get too much sodium in your diet!
Nanny Bloomberg also helped form, and mostly funds his highly touted “Mayors Against Illegal Guns”, a group of 800 mayors across the country, mostly Democrats who are, more or less, a Democrat lobbyist group. The group has announced a $12 million PSA blitz in which they claim that “background checks have nothing to do with taking guns away from anyone.”
It has everything to do with building a huge database that contains information on guns owners.
My wife went to the doctor on Friday, and among her paperwork was the question of firearms in the home.
It is really none of their business, so my wife left it blank.
People like Bloomberg believe that it is up to the government to control our lives, to tell us what to do.
“I do think there are certain times we should infringe on your freedom,” Mr. Bloomberg said, during an appearance on NBC. He honestly believes that there are times when government knows best, which means he knows how to run our lives better than we do.
It is scary when a government official speaks candidly.
Of course, there are those who will just go along with it, because it is too much effort to oppose the government.
It is important to remember, government does not have rights, it has power.
To show that power, desperate Cyprus agreed at the last minute to grab up to 40% of uninsured deposits with the State Bank. This seizure allows them to grab about 4.2 billion euros, but will end the State run bank.
13.00 Sky’s Ed Conway reports that the Bank of Cyprus haircut on large depositors will happen on Friday. Cypriot finance ministerMichalis Sarris earlier (08.50) told Radio Four large depositors could see as much as 40pc wiped off their savings. (All times GMT)
The Russians, who have a lot of deposits in Cyprus, are angry at their money being frozen and seized. Small wonder why.
In the meantime, the banks remain closed for the second straight week. People can’t use their debit or credit cards, online or elsewhere. They aren’t allowed to pay their bills, because all accounts are frozen. At least one person had a job offer rescinded after the government froze the banks.
The Eurozone Chief, Jeroen Dijsselbloem has said this will become the norm to save the Euro.
“If there is a risk in a bank, our first question should be ‘Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself?’,” he said.
“If the bank can’t do it, then we’ll talk to the shareholders and the bondholders, we’ll ask them to contribute in recapitalising the bank, and if necessary the uninsured deposit holders.”
Socialism got Cyprus into trouble, spending more than they were taking in. Socialism is threatening France, Italy and Spain, where uninsured deposits will be snared by the powers that be to save their currency. When will they start snagging private savings to capitalize their pet projects when there is no crisis? There is no need to tax, we can just take what we want.
This is one of the dangers of socialism. What happens when OPM (Other People’s Money) dries up? What happens when you can’t tax any more out of the people?
As a fellow blogger says, sooner or later, you have to pay the piper. It matters not if it is Cyprus or the US, sooner or later, the check comes due.
Does the government have the right to grab money our of your savings and retirement accounts?
From my point of view, governments have no rights at all, they have powers. They have the power to take your money. They have the power to infringe on your rights. They have the power to tell you have to live.
That does not mean, however, that they have the right to do so.