We have heard the stories. IRS using gestapo type tactics. Seize assets first, ask questions later. It has the entire power of the US government behind it. What match does Grandma have against the IRS?
Let me tell you something about Grandma. She votes. She sits at home all day watching the news. She represents the largest block of voters by far. If any politician dares mention ‘reform’ following by ‘social security’ or ‘medicare’, she will rush out to the voting booth and retaliate.
The IRS budget shrinks every year. The amount of workers gets less and less. I can depict the IRS bureaucracy in one chart.
0.5% of all returns are audited by the IRS. The total number of audits shrinks every year. This is a very good.
Does this look like the trends of a future totalitarian state? The most hated bureaucracies will be slashed first. The checks need to keep on flowing to Grandma. The bills keep pilling up. Grandma takes more and more of the federal budget.
The US government can issue more debt, no doubt. However, the interest component will grow and grow. Between Grandma and interest payments, whats left for the rest of the bureaucracies? Not much. Grandma is going to take down the entire federal bureaucracy. The last check to bounce will be to her. Read about the future here.