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Whose money is it?

The structure of our society (for example in Australia with our 3 levels of government), including the laws that govern us as laid down by various levels of government, has produced a system of checks and balances that Abraham Lincoln spelled out as “government of the people, by the people, for the people”.

Karl Marx, on the other hand, suggested that the more appropriate concept demanded “to each according to his needs, from each according to capacity to contribute”. The Communist system of state ownership of all the means of production, distribution and exchange produced a weird collection of national basket cases in Europe, the most dramatic demonstration coming from the contrast of East and West in Germany after World War II.

Our system encourages reward for talent and effort and provides support for those who need it. It isn’t Utopia but it works.

The money that is poured into government coffers by most of us is indeed TRUST MONEY – all of it – but we have appointed the Trustees (our governments) to look after OUR money for all of us.