Our Threatened Freedom
Are You Filthy Rich On Ten Thousand A Year? (04:11)
R.J. Rushdoony: 00:00 Are you filthy rich on $10,000 a year? This is R.J. Rushdoony with a report on our threatened freedom. I can recall not too many years after World War II hearing someone described as filthy rich who made 10,000 a year. In fact, I once saw an old movie, one of the earliest Cary Grant pictures, I think, in which some women described the hero as very rich because he had an income of 5,000 a year. Of course, one of my university professors described how rich he felt with his first big job, a $20 a month in gold. Well, inflation has changed things since then. Everybody knows that except the tax man. Nowadays, 10,000 a year puts one far below the poverty line. No one is filthy rich on that amount. What 5,000 would buy in 1940, 15,000 would not buy in 1970, and certainly not in 1980, 81 or 82. Inflation has gone from one or 2% to 10 and 15%. And everyone’s real income has decreased. Very few of us get pay raises each year equal to the actual rate of inflation.
R.J. Rushdoony: 01:36 However, the tax rate has not taken inflation into consideration. Thus, as the intellectual activist has pointed out, the man who earned 10,000 in 1972 will in 1984 would be paying 63% more in taxes on that same
R.J. Rushdoony: 03:22 All over burdened with taxes and skating on thin ice economically. They are all taxed as though they were very rich. Even while all of them are beginning to feel poorer, as their paycheck buys less and less per dollar. And the tax man hits them for a sizable part of their income. Taxation has become the modern form of slavery. Slavery means ownership in the involuntary labor of another man. All of us were in involuntary servitude to the tax man about five months every year. This is not freedom, nor is it reasonable. This has been R.J. Rushdoony with a report on our threatened freedom.
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