Whereas the City of Austin has a history of making policy decisions that are political in nature and not grounded in real economics or take into account the impact on individual freedoms; and
Whereas the City Council’s energy would be more effectively spent in allowing businesses to compete without burdensome regulations that meet political whims but are costly to implement and enforce; and
Whereas individuals as a whole prosper in communities where free market principles are allowed to run their course;
Therefore, we resolve that the City of Austin should govern according the principles of the Free Market, which are:
1) Individual Rights: "We are each created with equal individual rights to control and to defend our life, liberty and property and to voluntary contractual exchange."
2) Limited Government: "Governments are instituted only to secure individual rights, deriving their just powers from the consent of the governed."
3) Equal Justice Under Law: "Government must treat everyone equally; neither rewarding failure nor punishing success."
4) Subsidiarity: "Government authority must reside at the lowest feasible level."
5) Spontaneous Order: "When individual rights are respected, unregulated competition will maximize economic benefit for society by providing the most goods and services possible at the lowest cost."
6) Property Rights: "Private ownership is the most efficient way to sustainably utilize resources."
7) The Golden Rule: "Deal with others honestly and require honesty in return."
Signed: The Austin Tea Party
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