Category Archives: Taxes

The Autocratic Future of the United States? by Guy Millière

The Democrats have been quite clear: elect Democrats and they’ll change the rules of the games so that they’ll never lose power. From Guy Millière at gatestoneinstitute.org:

  • If institutions of democracy — the state, the judiciary, opposition parties and the free press — suppress verifiable information instead of informing the public about it — as has just taken place for more than two weeks regarding alleged financial corruption and the possible resultant compromise — by China, Russia, and Ukraine among other countries — of an allegedly financially compromised family as possible a national security threat — these institutions of democracy instead become vehicles to sabotage a democracy.
  • A danger to American democracy in the past years — with threats to undo the Constitution by, for example, abolishing the electoral college, banning guns and, in 2014, eliminating free speech — has therefore become imminent.
  • There has been talk about killing the filibuster, to pass just about anything with a simple majority, and talk about enlarging the Senate by adding more states, presumably to enable one side to hold a permanent majority. Also on the agenda has been adding more members to the Supreme Court to turn it into a branch of legislative government, eliminating America’s historic system of checks and balances. There are also plans to raise taxes on everyone (remember, “You can keep your healthcare”?), abolish fossil fuels and fracking, and establish a Marxist-socialist economy of redistribution to replace a free economy.
(Image source: iStock)

There seems to have been an attempt for the last four years to instill among the population a hatred of America and of the president, to present them both as a criminal and to try to overthrow them. In any event, it is the first time in American history that there has been an attempted coup d’état against a duly elected president.

If institutions of democracy — the state, the judiciary, opposition parties and the free press — suppress verifiable information instead of informing the public about it — as has just taken place for more than two weeks regarding alleged financial corruption and the possible resultant compromise — by China, Russia, and Ukraine among other countries — of an allegedly financially compromised family as possible a national security threat — these institutions of democracy instead become vehicles to sabotage a democracy.

Continue reading→

The Home School You Pay For . . . Twice? by Eric Peters

Schools are closed but the property taxes with which you pay for them keep right on going. From Eric Peters at ericpetersautos.com:

The fomented mass hysteria over WuFlu has cost us more – in terms of basic liberties – than the German Nazis and Soviet Russians ever managed to, combined – over the course of a World War and a Cold War that, together, spanned more than half a century. It has also cost us more in money – including the double-tax of being forced to hand over money for “the schools” and then forced to use our home as a school – without so much as a pro rata discount on the taxes we’re still forced to pay for “the schools” we aren’t allowed to use.

A reader sends in the following:

Lately, I’m concerned that our property rights are being infringed upon by educators restricting areas inside homes to do their “educating. Some require exclusion of some or all other activities that can take place in the space. If my child is educated in a room of my house that I can’t use during some hours, then the school system needs to cut me a check for using my real estate. There seems to be no end to how much of the “village” we have to let into our homes because of WuFlu. It is creepy that my home would become a digital playground for leftist-educators to inventory, monitor, make adjustments to and virtually own it for themselves during these sessions. If the state wants to rent space in my house to indoctrinate my child, then I certainly want to pay less in taxes or have some other kind of representation or consideration.

Indeed. And of a piece with being mulcted to pay for the retirement of people you never met at the cost of your own retirement security and then mulcted again on the meager pittance remitted when  – if – you ever manage to retire yourself.

Continue reading→

This Is How A State Goes Bankrupt, Illinois Edition, by John Rubino

Politicians have been buying votes with pension promises to government employees for decades. Now, in Illinois and other states, the bill is coming due. From John Rubino at dollarcollapse.com:

Somewhere back in the depths of the 20th century, a bunch of governors, mayors, and public sector union leaders got together and cooked up one of history’s greatest financial scams. They would offer teachers, cops, and firefighters extremely generous pensions but would avoid raising taxes to fund the resulting future obligations. Grateful workers would vote to re-elect their benefactors, while taxpayers would appreciate the combination of excellent public services and low taxes.

The beauty of the scheme flowed from its demographics: Most of the original public sector workers were young and therefore decades away from retirement, so the crime wouldn’t be discovered until long after the architects retired rich and revered.

Now, however, those baby boomer workers are retiring and the scam is revealed for all to see. Even in the absence of a pandemic lockdown, mass defaults on state and city obligations would be inevitable in the coming decade. But with the lockdown, they’re coming next year.

So what do the worst offenders do? What they’ve always done, of course, which is to look for ways to paper over the mess for one more election cycle. Illinois is the poster child for state financial mismanagement, with unfunded liabilities that have grown from virtually nothing to $137 billion in just the past two decades.

Continue reading→

 

The Corruptocracy, by Robert Gore

Most political philosophy is just an elaborate justification for theft and fraud.

What’s called the silent majority is really the ignored majority, who for the most part are happy being ignored. Their lives revolve their families, jobs, friends, and community, not the media, publicity, polls, or politics. They’re sick of elections well before they’ve seen their hundredth campaign ad, received their hundredth mailer, or ignored their hundredth telephone call. They know that politicians are phony and corrupt and make jokes about them, but hope that their rulers don’t screw things up too badly, cross their fingers, and vote for the perceived lesser of two evils.

There’s a shortage of blue-ribbon pedigrees, Ivy League degrees, and gold-plated resumés among the ignored majority, but a surfeit of hard-knocks wisdom and common sense. Benjamin Franklin said, “Experience keeps a dear school, but fools will learn in no other.” Everybody does foolish things, but by and large, the ignored majority learns from the dear school and puts its lessons to good use.

The gilded class denigrates those outside it: Hillary Clinton deploring the “deplorables,” Barack Obama saying working-class voters, “cling to guns or religion,” and Obama telling entrepreneurs, “you didn’t build that.” Yet, it consistently, almost invariably, demonstrates a complete lack of the common-sense street smarts found in abundance among those it disparages.

The quotes’ condescending arrogance rankles, but at a deeper level illustrate the real division in American politics—between the productive class and those it supports. At the intellectual level it’s the irreconcilable difference between those who believe that value can and should be conferred by the government, and those who know it must be created and produced. It’s believing or not believing that something can be had for nothing.

Amazon Paperback Link

Kindle Ebook Link

Freeloaders’ delusion stems from psychology, not ignorance. Every human faces a choice. They can produce value or they can beg, borrow, defraud, or steal it from someone else. For every advance humanity has made, there’s always been someone claiming their unfair share. Most of what we call history is merely an account of who’s stealing or defrauding from whom.

Continue reading

Libertarian Voters Flock To Trump After Learning He Avoided Paying Taxes

From the Babylon Bee:

U.S.—Trump is polling high among an unexpected group: libertarians, who were energized and drawn to Trump’s cause after the New York Times revealed that he paid as little as $750 in federal taxes some years.

“Only paying a few hundred in federal theft? This guy is my hero!” said libertarian man Murray Mickelson of New Hampshire. “If only all of us could be that smart with our taxes.”

“The less theft, the better!”

Libertarians across the country paid tribute to Trump’s accomplishment by firing their AR-15s into the air and doing hard drugs, though this is what they were already planning on doing anyway.

Jo Jorgenson’s poll numbers have plummeted as a result of the revelation, with both of her supporters saying they’re switching to Trump.

https://babylonbee.com/news/trump-approval-rating-skyrockets-after-revelation-he-avoided-paying-taxes

Living Red Barchetta, by Eric Peters

To make electric cars more “competitive” in the marketplace, the government will just petroleum powered cars prohibitively expensive. From Eric Peters at ericpetersautos.com:

Print Friendly, PDF & Email

California’s Gesundheitsguv Gavin Newsome just decreed what the rock band Rush foresaw coming back in 1981.

The Motor Law.

The song described a future time in which all cars were outlawed. Newsome just outlawed the sale of cars that aren’t electric by 2035, which is much closer to now than ’81 is the rearview.   

And which amounts to the same thing.

Newsome didn’t decree that people in California who do not buy electric cars will be forced to turn in their non-electric ones after 2035.

They probably won’t be forced to turn them in.

It’s much easier to tax them in.

As in China – the model for what the United States is becoming, courtesy of the China Virus, as the Orange Man styles it (while not doing enough to treat it – as by ending the Face Diaper Farce, by taking off the Face Diaper, especially around corpses secured inside coffins).

In China, you don’t have to buy an electric car. But you do have to buy a $14,000 license plate if you want to legally drive a non-electric car. This sum approximates the price difference between a low-end EV and low-end IC.

In the U.S., the analog would be the difference between the 2020 Nissan Leaf EV (appx. $30k) vs. the 2020 Nissan Versa IC (appx. $15k). A $14k license plate tax applied t the Versa would makes it equivalently expensive. And thus make the Leaf “competitive” – in the manner of breaking a marathon runner’s legs so that a paraplegic can be competitive with him in a foot race.

The license plate tax applied to not-new cars would cut deeper.

Imagine having to cough up $14k – or even $4k – to register your ten-year-old non-electric car that’s only worth $10k (or $4k). And worth even less, actually, because who will want to buy your used IC car knowing they’ll have to spend an additional 50 percent or even more to get a license plate for it?

Continue reading→

 

The Great Conservative Migration And What It Means For The Future, by Brandon Smith

Conservatives are leaving the liberal bastions in droves. From Brandon Smith at alt-market.com:

The signs really began to become visible at the end of January, 2020; there was an exodus of people brewing, and it was galvanizing fears on both sides of the political spectrum. The pandemic situation is cited by the mainstream media as the primary cause, but in reality the migration had started at least 3 years earlier. Americans were leaving certain states and cities behind by the tens of thousands, and these places were predominantly leftist in their policies and population. California, New York, Illinois, New Jersey, Maryland, Massachusetts, Connecticut, etc.; all of these progressive states were bleeding residents since 2017, the pandemic just accelerated the situation.

There are a number of reasons given for the dramatic shift in population, but two specific reasons stand above the rest: Economy and political ideals. The pandemic itself is only a minor motivator. Consider the fact that residents of California left the state in droves for Texas over the summer DESPITE the problem of Covid infection spikes in major metropolitan areas of the Lone Star State. People didn’t care, they just wanted to get the hell out of California as quickly as possible.

Again, a main reason given by former Californians was politics. They are conservatives or moderates that felt isolated or trapped in a far-left cesspool and they realized their future life prospects depended on them transplanting to a more free and less bureaucratic place.

The fear among conservatives was that the pandemic would smoke leftists out of their hives and that they would spread to more conservative areas and “take over”. This does not seem to be the case. In fact, it appears that most leftists are stubbornly refusing to acknowledge that their states are dying and are actively defending state policies on the web. Check out the angry and delusional comments from California progressives on this opinion article in Arizona telling them to leave their failed policies behind if they move to the state.

These people are suffering from some serious saltiness, and the fact they they are still trying to claim that states like California are economically stable shows how truly delusional they are. Conservative states have nothing to worry about – The lefties are too dumb to relocate. They’re going to sit within the rotting corpses of the states they killed and pretend it smells like roses. This is what they do; when they are wrong or when they have failed they double and triple down. It’s their defining characteristic.

Continue reading

California’s governor makes ominous prediction for America, by Simon Black

Is California what America has in store for itself. Let’s hope not. From Simon Black at sovereignman.com:

California’s governor made a rather ominous prediction this weekend when he told an interviewer that “California is America. . . fast forward.”

He was talking specifically about the wildfires that have ravaged his state– a warning that the natural disasters will soon plague the rest of the country too, thanks to climate change.

But his comment should really be taken more broadly… because California really is a snapshot of America in the near future.

Just like America, there are a lot of incredible things about California. It’s home to some of the biggest, most ‘innovative’ tech companies in the world. It has a large, educated, highly skilled population.

Just by itself, the state is the 5th largest economy in the world. It’s a powerhouse. Or, at least, it should be. It has all the promise of America– Hollywood, Silicon Valley, sunshine, Disneyland, and endless possibilities… the place where dreams can come true.

And then there’s reality.

Yes, the state is ablaze and air quality has turned toxic. But that doesn’t even scratch the surface of the problems.

(The wildfires are indicative of a bigger problem, though. It’s not like wildfires are a rare occurrence in California. They happen every year. Yet somehow this government always gets caught with its pants down.)

Continue reading

Wealth Tax – A Warning to Taxpayers, by Thor Lihaug

Over the last two decades, Western economies have been increasingly driven by debt.  A significant contributor to the 2008 stock market crash was unsustainable debt.  How did we fix the problem? We loaned even more.  Since then Western nations have doubled the national debt levels. The Covid crisis makes it even worse. Governmental rescue programs are on rapid escalation with a huge decline in national fiscal income.  This will have to be financed by either more loans, taxes or a combination thereof. Who or when to pay for it all, is quite unclear, but there will be no escape for taxpayers.  A Wealth Tax (WT) is a recurring hot topic in crises, but a novelty to the UK.

Former US Democrat presidential nominees Elisabeth Warren and Bernie Sanders have already suggested a new Wealth Tax on wealthy Americans.  Joe Biden’s tax proposals are predicted to increase taxes for households at every income level and make the federal tax code more progressive, but he has to my knowledge rejected proposals for a Wealth Tax.  On the other hand, strong forces are pushing him further to the left on the political spectrum and WT is highly supported among left progressives. California Democrats have raised two proposals to raise taxes on the “rich.” Assembly Bill 1253 and 2088 would raise the top tax rates in California – which are already the nation’s highest at 13.3% – even higher with the introduction of a 0,4% Wealth Tax.

In UK the Wealth Tax debate is partially obscured by other political events, as the Brexit debacle.  The WT appears to have eluded the interest of most media outlets however, powerful forces are supporting WT. Many political leaders are already expressing clear support. Member of the OMFIF Advisory Board, Brian Reading (former Economic Adviser to UK Prime Minister Edward Heath) states:

“The pandemic makes the case for a British wealth tax undeniable. A wealth tax helps to reduce inequality. It is an economic and moral necessity. The cost of this outbreak should not be left as a future burden solely on those who work, save and invest to create wealth.” 

Continue reading→

New Jersey Is Becoming The Most Hated State As Households Flee In Record Numbers, by Tyler Durden

New Jersey politicians keep raising taxes as New Jersey residents keeping leaving the state and the politicians profess to see no connection between the two. From Tyler Durden at zerohedge.com:

A new tax on millionaires, a 22.5% gas tax hike  (bringing the total increase to 250% in 4 years), and now a tax on high frequency trades: it is becoming obvious to most – except perhaps the state’s democratic leadership – that New Jersey is now actively trying to drive out its tax-paying population and top businesses with a series of draconian measures to balance its deeply underwater budget, instead of slashing spending. The state-imposed limitations on commerce, mobility and socialization due to the covid pandemic have also not helped. And in case it is still unclear, the trend of New Jersey’s ultra wealthy residents fleeing for more hospitable tax domiciles which started with David Tepper years ago, is now spreading to members of the middle class.

According to the latest data from United Van Lines and compiled by Bloomberg, people have been flooding into Vermont, Idaho, Oregon and South Carolina, eager to flee such financially-challenged, high-tax, protest-swept, Democrat-controlled states as Connecticut, Illinois and New York. But no other state has seen a greater exodus than New Jersey, where out of every 10 moves, 7 have been households leaving the state, or nearly three times as many moved out than moved in.

On the opposite end were bucolic, pastoral states such as Vermont and Idaho, which have seen between 70% and 75% of all inbound moves.

Continue reading→