If you are in Vegas, they have “The Price Is Right” show. (It’s NOT the TV program and tix ain’t cheap.) But it’s fun.

Tip: If you’re called as part of a foursome to bid on an item (win and you get up on stage), the THIRD player must bid UNDER the next higher bid. Else the Fourth (Last) Bidder will always go over you by a dollar. So for example, without this tip, when #1 bids $100 and #2 bids $200, you can’t bid $300. The fourth player will bid $301 and the only shot is if you hit it on the head. In the example, with this tip, you’d bid $150 and the fourth player would bid $201. You’d at least have a shot. If you want to be nasty, you could bid 101 and take the whole number space, but I believe The Universe would see that and make the right price exactly $100 to rub your nose in your immoral behavior. (But that’s just me.) For the second bidder, I’d always bid a dollar, and take the under. In the five showcases, I saw taking the under would have won at least one.

Tip: If you get to the final showcase, take care not to “overbid”. In my visit, both contestants overbid. My recommended strategy for the second contestant is to ALWAYS bid a dollar. They have the wrinkle that if you come within a dollar you win the showcase. If you are the correct bidder, you win a prize. Not the showcase.

As always YMMV!

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NATIONAL: All nations need to revise their “social insurance” schemes

Libertarian Paternalism
by Jacob G. Hornberger

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Libertarianism stands for the principle that people should be free to keep their own money, handle their own retirement, and take care of their own parents and others through voluntary charity. That’s what genuine freedom is all about – the freedom to be responsible or irresponsible, the freedom to honor one’s parents or not, the freedom to help those in need or not. If people are forced to be responsible or caring, then they cannot truly be considered free.

Under Social Security, the state forcibly takes a portion of people’s earnings and distributes them to the elderly. Despite the illusion that the government has created with IOUs issued to the Social Security Administration by the Treasury Department, and contrary to what people have convinced themselves over the years, there is no Social Security fund and there never has been. The idea of a Social Security fund has long been a deception by the state and a self-deception by the citizenry. It consists of nothing more than IOUs issued by the Treasury Department in exchange for the cash that the Social Security Administration has collected, IOUs that cannot be paid until the government first raises the money (by additional taxes) to redeem them.

Thus, in actuality Social Security is a straight socialist transfer scheme – one in which the state takes a young Peter’s money to distribute it to an elderly Paul. In other words, it is a classic socialist or paternalistic program, one in which people look to government to play the role of a parent watching over and taking care of his adult children.

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These socialist programs represent the worst of socialism.

Racist / Sexist in that the transfer goes from poor black men to rich white women.

It’s an immoral theft. Left to their own devices, people could easily beat the negative one percent return.

It’s a Ponzi scheme where the current recipients are paid by the current taxpayers. As the population ages, the demographic change will swamp the system.

It’s a slush fund. Politicians “stole” the funds “deposited” for their favorite programs. Just another way, they can spend us into poverty.

There is literally nothing good about this program.

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RANT: You have NO idea what you pay in taxes!!!

Friday, September 28, 2007
Someone Is Stealing Money Out Of My Paycheck, And I Think It’s The Government

For Whom the Bell Tolls…

…The thoughts and rants of a white, upper-middle class, conservative, dangerously good-looking, super awesome, twenty-something mechanical engineer straight out of the not-so-mean streets of the not-so-urban suburbs of Bergen County, New Jersey…whose last name just happens to be Bell so that he can cleverly name his blog “For Whom the Bell Tolls.”

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Have you ever bothered to calculate how much money the government actually takes out of your paycheck per year in taxes?

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Well, ChrisBell, sad to tell, it’s even worse that you think. You can’t tell Bell what you are paying in taxes. There are additional factors to consider:

ONE, Inflation! The good old Federal Reserve Bank, which is neither Federal, Reserves anything, or a Bank, prints far more dollars — both with a printing press and electronically. This technically is monetary inflation, which allows the Federal Gooferment to “tax” everyone who has a dollar. If one pays attention in Ekkeynomics Class, when the sovereign debases the currency by printing more they get to spend these new dollars without taxing the people. Inflation ripples through the economy hurting all sorts of people. After all the stolen wealth has to come FROM somewhere. The net effect is a tax of some number per cent, no one knows exactly, estimated between 2% (Fed’s number, 12% some economists’ number, and 20% some conspiracy nuts number. So, each year, one can say you’ve paid an inflation tax. Someone has to pay for all the welfare warfare programs.

TWO, Businesses don’t pay tax; you do! Business only exist to make a profit. All of their costs are added into the cost of whatever they sell. Buy a widget and all of their costs are in that widget. Think they paid taxes? Nope, you did. Corporate income tax? Nope, it is deliberately misnamed. It’s a Personal Tax Paid By You Via A Business!

THREE, Hidden taxes! Did you know there are federal, state, and local taxes on gasoline? How much gas goes into the products and services you buy? (see item #2) How much gas do you use earning money and getting the stuff you need home to consume? Yup, you paid more taxes.

FOUR, Price rises raise taxes and fees! When the cost of goods and services go up, from inflation or greedy gooferment charges more, that is more taken out of the productive side of the economy and flushed down the rat hole of gooferment. So, inflation raises the “value” of your house, then your property taxes go up. So, you sell an “investment” that increased in “value”, you pay more in capital gains tax. So, the gooferment publik skoolz pay more for goods and services, they need to raise your taxes to pay it.

FIVE, Gooferment spending crowds out profitable growth! When the gooferment takes more for itself, it silently crowds out better uses of that money. (Basat’s Fallacy of the Broken Window) Some of those uses would be important. If I had an extra 100k, I’d probably do something frivolous like buy a car (which would employ lots of people in Detroit). But I don’t have it, so those people are not gainfully employed. They are probably on unemployment. But, imagine all the productive wealth building uses that are crowded out. Someone could have opened a new business, discovered a medical breakthrough, or who knows what! That effect is compounded. That is, when Mary didn’t find the cure for cancer, then Joe wasn’t around to discover the superconductor, that Peter could have used to make a faster computer, that Paul woul have used to halve the cost of your next book from Amazon.

SIX, What is a tax and what is a fee!?! The gooferment mislabels it’s revenue collection. If you can’t avoid paying it, then it is a tax! Not a user fee. Not anything other than a nasty tax. SO, when you register your car, that’s a tax! You can’t avoid it. Real Estate Transfer Fee. That’s a tax. Regulatory recovery fee on your cell phone. Tax. Rural Telephone Fund Surcharge. Tax! SO make sure when you try to identify all the taxes you pay, you don’t miss any.

Bottom line: We have no idea how much we pay in taxes! The number, that we come up with by adding the direct taxes we pay, is only a small portion of what we actually pay. The gooferment is the only think that can force you to pay for services that you don’t want, need, or can’t afford. And, those services are shoddy, over-priced, and often sometimes even undelivered.

And, the American revolution was fought over the Stamp Act which was a 1% tax on deeds.

Now how do you feel? I feel screwed. When you consider inflation, my tax rate is over 100% of annual year’s earnings. Hard to imagine? That’s just losing ground on every dollar I save for retirement!

Don’t get me started on property taxes for gooferment eddycation and the social insecurity Ponzi scheme!

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RANT: Minimize their tax burden; go to hell?

Pope Benedict XVI condemns those who look to minimize their tax burden
Walter E. Williams is a professor of economics at George Mason University.

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London’s Times Online recently reported that, according to Vatican sources, Pope Benedict XVI is working on his second encyclical, a doctrinal pronouncement that will condemn tax evasion as “socially unjust.” The pontiff will denounce the use of tax havens and offshore banking by wealthy individuals because it reduces tax revenues for the benefit of society as a whole.

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I share Pope Benedict’s desire to assist our fellow man in need. But I believe that reaching into one’s own pocket to do so is praiseworthy and laudable. Reaching into another’s pocket to assist one’s fellow man in need is despicable and worthy of condemnation.

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Seems like the “social justice” side of the Pope is coming out. Hmmm! Maybe he is ignoring that the gooferment is forcefully stealing form the people. At one time, when there were Kings, the people could run to the Church for protection. Guess that time is over? No one — not King, Pope, or President — has any “right” to what I produce, have produced, or will produce. For if they do, then we are but slaves. All we are talking about is percentages.

I’m reminded of an off-color joke. Ugly old man asks beautiful young girl to sleep with him for a thousand dollars. She exclaims “I wouldn’t do it for a a hundred thousand dollars”. He replies, “How about a million?” She says, “What kind of a girl do you think I am?”. He concludes, “We’ve already established that. Now we are just talking price!”

If you have a positive right to something, then someone (i.e., the taxpayer) has an obligation to pay for it. That implies that the gooferment can use force to make the taxpayer cough up the dough. So, if you have a right, then I am your slave. We already established what the moochers are and what we are. Now we are just talking “price”. How much of a slave do you think you can make me?

Hope you have a lot of weapons when that next Sparticus fellow comes along. You’re going to have to kill a lot of us slaves to preserve your right to the dole.

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