So Whose Money is it Anyway? Does This Question Even Need to be Asked?

Whose Money is it Anyway?

Apparently we do need to ask this question. It seems like a simple question, but it is actually surprising that there is any difference of opinion on this one.

To start this discussion, let's begin with a mind experiment. Do you agree with this statement:

"From each according to his ability and to each according to his need".

A recent poll showed that almost 80% of people agreed with this statement. That was surprising and quite shocking actually since this statement has resulted in genocide around the world and enslavement of millions more.

How's your mental exercise going? Remember that statement yet? Here's another clue:

That statement resulted in a philosophy that has failed wherever it has been tried and failed by killing off millions of people by the people who have practiced what that statement stood for.

Have you got the answer to our mental exercise yet?

OK, here's the answer:

Karl Marx said that in his book Das Kapital, the beginnings of communism and the state version of communism, socialism.

Surprised? Each person who took that poll I mentioned a moment ago was shocked, they didn't believe it because that statement is seemingly innocent. However, the truth is the opposite. That statement is the reason for our initial question, whose money is it anyway.

First, let's bury marxian philosophy once and for all. Wherever it has been tried or attempted, it has failed. Because it is a denial of the most basic part of our humanness, our desire for liberty and freedom, the only places where it has survived for any time is because of state sponsored tyranny to enforce its existence.

So why is Marx part of this discussion? The question,whose money is it anyway, can only exist when people are confused and start to believe that our money belongs not to us, but to any government.

Right now, our Congress is involved in another debate about taxes. One party believes that the money you earn and save is yours, that the government only taxes a portion of that money to finance the government.

The other party believes that the money you earn and save belongs to the government, and the government's job is to decide how much of that money the government will allow you to keep.

In my tax practice, we work with our clients to assist them in protecting their assets and estates believing that their money is theirs.

Which side do you come down on? Whose money is it anyway?

Here's the answer if you haven't figured it out yet.

It's your money. You earned it, you saved it. It's your money, not the government's. How much of your money do you want to give to the government? That's up to you and why we have debates and elections.

But never forget that it is your money. Never. Otherwise, you may fall prey to believing that Marx was right and we already know he was wrong. Dead wrong.