It's Easy to Be Generous With Other People's Money

"It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost." - Murray Rothbard

"The state is a gang of thieves writ large." - Murray Rothbard

Yesterday I sat in the lobby of the Grand Hyatt Hotel in Roppongi waiting for a meeting to start. It was the fifth time I have sat there waiting at the lobby in the last two weeks. It was the first time, though, that I saw that the lobby was crawling with undercover policemen.

My friend told me it was because there was an IMF meeting in the hotel.

Tokyo Tower as seen from the Grand Hyatt

Great! Not only do our masters lord over us and inconvenience our lives, they take our money and give it to each other.

Ron Paul once said, "Foreign aid is the act of taking money from poor people in a rich country and giving it to rich people in a poor country."

And that's just what happened; the Japanese government went and gave away money that they don't have and that is not theirs to give. 

Well, don't believe me. Let's have banker-thief Christine Lagarde IMF Managing Director tell you all about it:

“I warmly welcome today’s announcement by Finance Minister Jun Azumi on the Japanese authorities’ intention to contribute US$60 billion in additional resources to the IMF." 

What?! This country is in desperate financial straits as Hedgeweek reports in Japan's Ticking Time Bomb; "Japan’s debt-to-GDP ratio at 220%, is almost double that of Italy."

Great. Giving away money we don't have. No! Make that borrowing money and then giving it away, because that is de-facto what's happening here. How long can this go on?

IMF's Christine Lagarde Pays No Taxes - Praises Japan's Effort to Increase Sales Tax

What's wrong with this picture?


It has come out in the news today that the IMF head cheese, Christine Lagarde, while in Tokyo, has praised the Japanese government's misguided attempts to raise sales tax. 

The economy is bad enough as it is without our food prices going up 5% to boot!

Of course, with all of these government wonks, the answer is always to spend more of someone else's money (see how well it's doing in Europe, the USA and Japan) instead of cutting spending and living within means.


But the gaul of this IMF commissar, er, I mean bureaucrat! She doesn't pay any taxes at all!


The Guardian reports in Christine Lagarde, scourge of tax evaders, pays no tax!

IMF boss who caused international outrage when she suggested that Greeks should pay their taxes earns a tax-free salary.

Christine Lagarde, the IMF boss who caused international outrage after she suggested in an interview with the Guardian on Friday that beleaguered Greeks might do well to pay their taxes, pays no taxes, it has emerged.

As an official of an international institution, her salary of $467,940 (£298,675) a year plus $83,760 additional allowance a year is not subject to any taxes.

Ready to bend over and get bow-legged, Japanese public?