RANT: The four insideous taxes

Sunday, February 3, 2013
‎”“Florida is a state of choice,” said Thalius Hecksher, global development chief for Apex Fund Services, who moved many of his operations to Palm Beach. “It’s organically grown. There’s no need to drag people down here. It’s a zero-income-tax jurisdiction.”” http://buff.ly/WszLB0 Should have done it year ago!!!

‘Wall St.’ flees NY for tax-free Fla.

http://www.nypost.com

The city’s hedge-fund executives are flying south — and it’s not for vacation. An increasing number of financial firms, especially private equity and hedge funds, are fed up with…
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Don’t forget FOUR insidious taxes that you don’t see: (1) the inflation tax — the FED has destroyed 99%of the value of the dollar in the last three or four decades; (2) the gas tax — gets added into every product sold and into every capital good used to make products, or deliver them; (3) the corporate tax — corps don’t pay tax, people do, they just pass it on; and (4) the estate tax — that turns productive assets into legal fees and schemes to avoid it as opposed to capital investment that improves society’s wealth — say goodbye to the family farm or a families’ small business. I’d assert that (a) the true tax rate is incalculable because it’s so well hidden; (B) it crushes the poor and middle class; and (c) some years we pay more than 100% of an annual year’s earnings in taxes! The loss of purchasing power means real savings goes down DESPITE rising account balances!!!!!!!!!

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FUN: Luddite submits a “gas” joke!

Saturday, October 13, 2012

Every once in a while, Luddite comes up with a good one!!!

LUDDITE GAS PRICES

 

Yeah, and there’s no inflation!

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LIBERTY: Who does own the gas station? Or, anything else for that matter.

Tuesday, September 30, 2008

http://www.lewrockwell.com/orig6/bilger2.html

Government Gouging by Aaron Bilger

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Unfortunately, the free market price system is currently being forbidden in Georgia and several other states. Politicians have enacted anti-“gouging” laws to punish sellers of gasoline who request too high a price. Whether such politicians are well-meaning but economically ignorant, or know the consequences but are cynically manipulating public distaste for higher prices despite this is up for debate, but the results are the same. Ethically, the results are detestable. Gas station operators are told in effect that they are not free; they must sell their product as an altruistic service to others rather than serving their own individual interests. Legislating an exact price ceiling (a maximum price at which gas could be sold) would be bad enough, but to compound the issue, an exact price is not given in anti-gouging laws. A supplier cannot even know if they may be violating the law, and must be constantly fearful of someone accusing them of charging “too much.” In Atlanta for now, the de facto result is gas station operators being afraid to price gasoline above $4–4.29/gallon. Asking a half-dozen local operators who ran out of gas as to why they do not raise prices resulted in the same general response; as one put it, “I cannot raise my price. It would be a crime.”

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The culprit behind the gas shortages this time is individual state governments rather than federal government, but the solution is the same now as it was then – for politicians to stop their harmful efforts to control prices. End anti-gouging laws, end the shortage.

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