The subversives over at Zero Hedge have stumbled upon something worth reading for those of us who are about to calculate and pay taxes to the welfare-warfare state we now owe allegiance to.
ZH blogger George Washington explains the concept of the Odious Debts that a government can incur and the rights of a taxpayer to ignore them.
From Zero Hedge:
There is an established legal principle that people should not have to repay their government’s debt to the extent that it is incurred to launch aggressive wars or to oppress the people.
These “odious debts” are considered to be the personal debts of the tyrants who incurred them, rather than the country’s debt.
Wikipedia gives a good overview of the principle:
In international law, odious debt is a legal theory which holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, such as wars of aggression, should not be enforceable. Such debts are thus considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.
If you’re feeling seditious or just plain pissed off, read the rest…