Although the 13 original Colonies were given the “right” to self-govern, King George of England remained the over-seer. As such, he repeatedly made new laws — and changed existing laws — that were intentionally designed to be burdensome. When he passed the Tea Act (taxing tea shipped to the Americas, and using that tax for purposes that would not benefit the colonists), the Sons of Liberty staged a political protest against the king. On December 16, 1773, before the shipment of tea was unloaded, they disguised themselves as Indians, boarded the ship, and dumped the tea into the Boston Harbor. Their complaint is summed up in those famous words “No taxation without representation”. That protest is forever known as the Boston Tea Party.
On February 19th, 2009, Rick Santelli of CNBC was broadcasting from the floor of the Chicago Mercantile Exchange. He decried president Obama’s plan to subsidize mortgage holders who shouldn’t have had mortgages in the first place. In that “rant” seen here Santelli’s Tea Party – CNBC – JPMorgan’s Dimon protected …, Rick said he was going to dump tea in the Chicago river. That started a firestorm, and gave birth to the modern-day tea party: Taxed Enough Already.