Saturday, July 05, 2008

Dr. North On Celebrating July 4th

...When in the course of human events, it becomes necessary to save money like a maniac because the government has stolen 30% to 40% of everything you have made, it takes away a lot of the enthusiasm for celebrating the Declaration of Independence. When Jefferson wrote that document, the British were extracting approximately 1% of national income from the American colonies. For the southern colonies, it may have been 2.5%. If we could somehow get back to the tyranny of Great Britain in 1776, I would be willing to celebrate the Fourth of July with greater enthusiasm. But that would take a revolution....

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