Tag: taxation
Unleashing Americans
Despite the breathless reporting of the 24/7 news channels, the parade of politicians on both sides explaining their positions, the real news is that Americans are finally engaged in a real debate over the debt and the nation’s future. In 2012 they will vote to change course and, just as European nations that also borrowed too much, they will have to accept austerity measures.
What would the founding fathers do: Taxation and Property rights
It was with the best of intentions that the colonists rebelled against a master that taxed them mercilessly. During the initial days of freedom much debate was had over the right of the “government” to tax its subjects. More importantly was the idea that each citizen could indeed own their property. The Fifth Amendment clearly stated, “nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.”
We Want a “Fair Tax” NOW!
The income tax is probably the worst thing that ever happened to the United States in the last century because it was always punitive and regressive. It punishes saving. It deters economic growth through investment. It takes the wage earner’s money before he or she receives their paycheck.



































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