by Craig Biddle
Advocates of a fully free, laissez-faire society are likely familiar with the following scenario. You provide a clear, well-concretized explanation of what capitalism is and why it is moral, only to be met with a question that seemingly wipes out everything you just said: “But if physical force were legally forbidden, taxation would be out; so how would a rights-protecting government be financed?” The implication being: A truly free society might sound great in theory, but it’s impossible in practice.
In addressing this question, it is important to emphasize that the elimination of taxation is not the first but the last step on the road to a fully rights-respecting society. The first steps are to educate people about the moral propriety of freedom, to cut government spending on illegitimate programs, and to begin the process of limiting government to the…..(Read more)
“How Would Government be Funded in a Free Society?” is an article published in The Objective Standard: Reason Egoism and Capitalism. The Objective Standard is the preeminent periodical written from an Objectivist perspective. It is a quarterly journal based on the idea that for every human concern—from personal matters to foreign policy, from the sciences to the arts, from education to legislation—there are demonstrably objective standards by reference to which we can assess what is true or false, good or bad, right or wrong. The purpose of the journal is to analyze and evaluate ideas, trends, events, and policies accordingly.