The Biggest Racket in the Universe

by Chris Campbell
Laissez Faire Books

“How did Uncle Sham come out on top of the power heap?” David Montgomery asks on his page.

It’s a good question.

“From what I can tell,” Montgomery opines, “it’s all about the money. Money is the lifeblood of any regime… The more money a regime extracts from people, the more powerful it becomes.”

Makes sense. The Land of the Free is, after all, the world’s top tax farmer. (And that is, mind you, out of 197 regimes in the world.) The IRS pulls in trillions of dollars each year. Trillions. Yet, it’s rare we see a dime of productive value to show for this absurd level of government spending.

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