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Today is tax day, April 15th, the day where thinking people realize that maybe, just maybe, the federal government is out of control. Two questions: one rhetorical and one actual.
1) Assuming it was legal, would it be moral to allow people to borrow money from their children and grandchildren? This would be done without the children and grandchildren's consent and without regard to whether they were even alive yet. Further, the debt is one which the children and grandchildren could never get out of by declaring bankruptcy or otherwise. What would you think of someone who lived it up while saddling their offspring with ten of thousands or hundreds of thousands of dollars of debt? Obviously, such a person would be a disgusting amoral individual who, at all costs, should be prohibited from stealing from future generations.
2) Is it any less immoral if a government does it instead?
Posted by Don |Listed below are links to blogs that reference this post: Borrowing from Future Generations.
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