http://www.blogmaverick.com/2008/07/28/
how-to-jumpstart-the-economy-tax-free-small-businesses/
How to Jumpstart the Economy – Tax Free Small Businesses
Mark Cuban
Jul 28th 2008 10:13AM
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In today’s climate, its politically expedient to volunteer taxpayer money as a solution to all problems. That’s wrong. Instead, we should open the door to our country’s Intellectual capital and the entrepreneurial energy that separates us from the rest of the world. Make it easy for entrepreneurs to do what entrepreneurs do, and great things happen. Voters and politicians alike seem to have forgotten what has made this country an economic powerhouse.
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Good idea. But, it accepts the premise that taxation is a “good idea”.
First, “companies” don’t pay taxes; real people do. Tax a “company” and they either mark up their products to cover it or go out of business. So, why should the taxpayer, you an me, put up with this fiction and the discontinuities it introduces. Take for example, any tax on the oil companies. It has a multiple whammy. The oil company raises the price of gas to cover the tax. And, every company, that uses gas, pays more and marks up their prices to cover it. So, it’s a extra whammy!
Second, the politicians have created this crazy world where money has no value. They allow the Fed to print all the money they need to waste in Washington and then are surprised when inflation robs the American people of 97% of its purchasing power in thirty or forty years.
Third, the distinction between employees and contractors is another joke. Benefits tied to employment are tax deductible to the employer but not to the employee. What a joke!
And on and on.
Expecting politicians to do anything ignores their “rules of engagement” — feather their own nest, reward heir friends, and punish their enemies!
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