Forbes Indonesia|July 2016

Uncle Tyrant

Article Reader

Our Founding Fathers understood that tyranny wasn’t likely to come from a foreign invasion but from the step-by-step erosion of our freedoms by an expanding government. This is what we are facing today. Most people have no conception of the slippery slope we’re on.

Two ominous trends threaten us. One is the monstrous growth of the regulatory state, whereby “independent” agencies, such as the EPA and the FCC, are creating countless rules that carry the force of law. These entities, not our increasingly emasculated Congress, are today’s real lawmakers. More and more they conjure up mandates based on whim and fact-free ideology. And often these diktats are written in vague or ambiguous language that gives bureaucrats oppressive discretionary powers.

Traditional Cabinet departments, such as the Treasury, are also engaging in government by decree. The Treasury recently issued a legally dubious rule to stop so-called inversions, whereby a company changes its headquarters’ mailing address to one outside the U.S. to save on taxes. Bureaucrats rightly calculated that companies wouldn’t undergo the years of uncertainty involved in fighting this decree through our oft slow-as-molasses court system.

Another weapon of oppression is the criminalization of a torrential number of what were once civil violations. A typical example: It is now a federal crime to walk a dog on federal lands with a leash that’s longer than 6 feet. Instead of a fine (putting aside why there’s a need for such a prohibition in the first place), violators can be sentenced to up to six months in prison. While the Founders couldn’t have known the specifics of how a future government would seek to sink its claws into the people, they wouldn’t have been at all surprised that it would do so unless stopped.

This story is from the July 2016 edition of Forbes Indonesia.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the July 2016 edition of Forbes Indonesia.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FORBES INDONESIAView All
BACK ON TRACK
Forbes Indonesia

BACK ON TRACK

Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.

time-read
10+ mins  |
December 2021
Championing Locals
Forbes Indonesia

Championing Locals

The wave of social commerce is enabling inclusive digital economies beyond urban areas.

time-read
6 mins  |
December 2021
Boys in the Bubble
Forbes Indonesia

Boys in the Bubble

Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.

time-read
6 mins  |
December 2021
Enduring Relations
Forbes Indonesia

Enduring Relations

The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.

time-read
6 mins  |
December 2021
Sweet Success
Forbes Indonesia

Sweet Success

Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.

time-read
5 mins  |
December 2021
Marathon Man
Forbes Indonesia

Marathon Man

Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.

time-read
5 mins  |
December 2021
Gold Rallies on Inflation Fears
Forbes Indonesia

Gold Rallies on Inflation Fears

During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.

time-read
2 mins  |
December 2021
Set Off to A New Start
Forbes Indonesia

Set Off to A New Start

Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.

time-read
5 mins  |
December 2021
The Daily Intake
Forbes Indonesia

The Daily Intake

YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.

time-read
4 mins  |
December 2021
THE CROESUS OF CRYPTO
Forbes Indonesia

THE CROESUS OF CRYPTO

FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.

time-read
10+ mins  |
November 2021