The Cato Institute published a video last week that briefly looks at the costs associated with subsidizing the security of affluent allies of the United States. As the U.S. faces a near $17 trillion national debt, the government pumps billions of dollars into the economy through inflation and the unemployment remains high, taxpayers are forced to pay for the national defense of South Korea, Germany and Israel. Why?
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Defense costs are needed to protect net wealth and business. A net wealth adjustment to tax liability would be a fair way to apportion defense costs. If the wealthy had to foot the bill, the U.S. would scale back non-essential foreign intervention.