Money and Blood. The ultimate skin in the game.

Published: Oct. 11, 2021, 9 a.m.

When you have skin in any game, you care about the outcome. If you are being charged lots of money for an event that lasts years and years, you may want that even to stop. I recently visited the national WW2 Museum in New Orleans. It is a must visit for everyone. Most of us know the end result, but the amount of details one can learn is incredible! 

War is expensive. WW1 and WW2 were both paid for by raising taxes and or selling war bonds. Some the tax rates were as high at 77 percent in 1918 and 94 percent in 1944. Yes you read that right. People would faint at those numbers today. Up until the 1980's the highest tax rates never dipped below 70 percent. 

Tax rates are important because our government figured out that if we are not paying for wars in drafted people but volunteers and no high tax rates or bonds, the populace won't care how long we are at war and how much we spend. The government made a calculated decision after the Vietnam war to be able to wage war whenever they wanted without the populace even caring. 

Although the war in Afghanistan was justified due to 9-11, I believe we would not have been there so long if our populace had to either sacrifice by being drafted or paying higher taxes. I am generally not in favor of taxes but war and other things are expensive. Maybe we wouldn't be almost 30 trillion dollars in debt if we had not borrowed all of the money for wars over the last 20 years. 

Paying money makes one have skin in the game. Skin in the game makes one care. Our populace has very little to no skin in the game, hence they do not care! 

Tune in for some staggering details from some of the things I learned while visiting the WW2 Museum in New Orleans.

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