What happened
常识研究所报告揭示科罗拉多州经济困境：政府支出增长远超税收，导致财政赤字和债务累积。医疗保健预算激增，教育经费被挤占。报告呼吁减少税收和政府支出，释放市场活力，但面临政治阻力和利益集团博弈。
It’s a microcosm of what is wrong in Washington DC While revenue (tax income) continues to grow, the politicians in Denver continue to outspend tax revenue. Thus creating a deficit, resulting in more debt, that the tax payer will payoff with further reductions in personal, after-tax income. When government spends tax revenue on “good intention” projects, regardless of how needed the expenditures are portrayed, that money always comes from the tax paying citizen.
Eventually and inevitably excess government spending depletes personal income, severely harms the tax paying citizen and the private economy on which tax revenue depends. Government spending is self-limiting. In excess, that spending destroys Capitalism, free markets and the individual’s inalienable right to ownership of property (that for which he has worked.
). Therefore, excess spending is un-Constitutinal. This is a negative feedback loop that inevitably destroys individual freedom. In this way, through “good intentions”, the ever-larger government crowd defeats themselves and takes everyone down with them. We have seen this destructive loop throughout history.
Communism failed Russia. Fascism defeated Italy and Germany. Socialism failed Europe. These abject failures have one thing in common: An oppressive tax and spend government. Colorado just voted themselves another billion dollars in taxes so another government agency could revitalize the state. Really?
Be Honest: Who thinks that taking hard-earned money away from citizens, through progressive taxation, actually does any good? How has the war on poverty or on drugs, or revitalize Denver, been doing? Excess government spending is one of the most destructive forces in existence. Better, reduce taxation and government spending so that the individual can keep more of his wages (through less government, lower spending and less taxation) and let the individual decide where to spend his money.
Free enterprise and individual freedom are much better arbiters than giving your income (taxes) to a government bureaucrat who didn’t earn the money, but gets to spend it. As in life, excess leads to destruction. We have a Constitution that severely limits all government to a few, well-defined, powers.
It is up to the voting citizen, through elections, to limit our government to the Rule of Law, the Constitution. This is the way. Jay Davidson is founder and CEO of a commercial bank, a student of the Austrian School of Economics and dedicated capitalist. There is a direct connection between individual right and responsibility, our Constitution, capitalism, and the intent of our Creator.
Source coverage
This article, published in The Villager on November 12, 2025, presents an opinion piece by Jay Davidson, founder and CEO of a commercial bank and a proponent of the Austrian School of Economics. It argues that excessive government spending is a fundamental flaw leading to economic decline and the erosion of...
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Full source content
It’s a microcosm of what is wrong in Washington DC While revenue (tax income) continues to grow, the politicians in Denver continue to outspend tax revenue. Thus creating a deficit, resulting in more debt, that the tax payer will payoff with further reductions in personal, after-tax income. When government spends tax revenue on “good intention” projects, regardless of how needed the expenditures are portrayed, that money always comes from the tax paying citizen.
Eventually and inevitably excess government spending depletes personal income, severely harms the tax paying citizen and the private economy on which tax revenue depends. Government spending is self-limiting. In excess, that spending destroys Capitalism, free markets and the individual’s inalienable right to ownership of property (that for which he has worked.
). Therefore, excess spending is un-Constitutinal. This is a negative feedback loop that inevitably destroys individual freedom. In this way, through “good intentions”, the ever-larger government crowd defeats themselves and takes everyone down with them. We have seen this destructive loop throughout history.
Communism failed Russia. Fascism defeated Italy and Germany. Socialism failed Europe. These abject failures have one thing in common: An oppressive tax and spend government. Colorado just voted themselves another billion dollars in taxes so another government agency could revitalize the state. Really?
Be Honest: Who thinks that taking hard-earned money away from citizens, through progressive taxation, actually does any good? How has the war on poverty or on drugs, or revitalize Denver, been doing? Excess government spending is one of the most destructive forces in existence. Better, reduce taxation and government spending so that the individual can keep more of his wages (through less government, lower spending and less taxation) and let the individual decide where to spend his money.
Free enterprise and individual freedom are much better arbiters than giving your income (taxes) to a government bureaucrat who didn’t earn the money, but gets to spend it. As in life, excess leads to destruction. We have a Constitution that severely limits all government to a few, well-defined, powers.
It is up to the voting citizen, through elections, to limit our government to the Rule of Law, the Constitution. This is the way. Jay Davidson is founder and CEO of a commercial bank, a student of the Austrian School of Economics and dedicated capitalist. There is a direct connection between individual right and responsibility, our Constitution, capitalism, and the intent of our Creator.
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