COMMENTARY BY ANTHONY E. PARENT, ESQ.
Why Peter Schiff is wrong
Senate candidate, and fund investor, fellow Connecticutian (I say that instead of the crude nickname, ‘nutmegger’) Peter Schiff on air, claiming the ever increasing tax brackets are theft and the mob of the majority has no right to seize his private property. :
PETER SCHIFF: First of all, I’m in the top two percent. Right now, I’m paying 45% of my total income in income taxes, both to the state of Connecticut and to the federal government, and if you take the 3% Medicare tax. After the tax hikes go into effect next year, more than half — more than half of my total income is going to go to the government. You tell me, what’s fair about that when medieval serfs pay 25%, I’m paying half? I don’t care what the majority voted to do, they don’t have a right to steal my money just because they vote for it.
Oh boy. Yes the majority can inflict its will upon minority. That’s what it does the best. Schiff confuses our system of government with that of a Republic.
In a Republic, the powers of sovereignty are vested in the people (i.e. a man’s home is his castle) and are exercised by the people, either directly, or through representatives chosen by the people, to whom those powers are specially delegated. Certain rights of the minorities can not be abolished by legislative fiat.
Compared that to our system — a Democracy, where 50.1% beats 49.9%. In a Democracy, the minority has no rights, unless the majority allows those rights. Which is a good thing. You can’t say “mob justice” without “justice.”
So Schiff, being part of the minority, should shut up and pay up. And he should be thankful that he’s left with anything. Cause the majority said so. And that’s the American way.
Oh wait..how did I miss this? Oh it must be because this document is like 100 years old: Article IV Sec. 4 of the US Constitution guarantees a Republican form of government: A form of government where minority individual rights are the priority and given special protection by the Bill of Rights.
So then Schiff’s, error, it appears, is that he confuses our system of government with what is Constitutionally permissible.