I have a small business; the business employees less than 30-people. My business is highly regulated and subject to scheduled audits by my sponsoring banks, as well as, VISA and MasterCard. Naturally, like every other business in America I am required to risk capital and resources so to meet current obligations; it is understood that if I do not create cash flow and profits I will loose my capital. I understood going into the investment that there are no guarantees issued by the US Government to insure my investment; I also understood, that if I did produce a GAAP measure of profit those profits were subject to a federal tax of 35%. Additionally, if the business issued a dividend to the shareholder that dividend was taxed at 15% and depending on my tax bracket I could be taxed once again on my personal income tax obligation at 35%.Read More »
I believe there is a relationship to an increasingly burdensome federal, state, and city tax policy and the abatement of individual liberties. The right to tax is the right to control; the disbursement of tax dollars once harvested from the people innately empowers the disburser of the tax harvest over the recipients of the disbursement.
When I travel I am searched and investigated, the treasury department is alerted if I transfer $10,000 more dollars because I maybe suspected of laundering money, I fill out forms to leave the country and to return, I am subjected to having my name on federal data banks, the law of the land is so complex I can no longer represent myself if sued, I as well as most do not understand the tax laws I am subjected to, lawyers are licensed by the state as privateers seeking plunder from class action suits or hell any lawsuit; they are although operating within the statutory gauntlet destroying the function of enterprise within this nation state. Congress is made up in the majority by lawyers; judges are lawyers of past performance.
Between politicians trying to retain power and politicians trying to attain power there is little done in Congress; naturally, in an election year the little done gets down to none. Withstanding, they do have time to grandstand and debate the mostly nonsensical. They cannot address the entitlement issues, Medicare, social security, and the rising cost of oil and medical services. This country has a very high corporate tax rate, the regulation of public companies via the insanity of Sarbanes-Oxley is apparent but no one has the fortitude to act; nevertheless, government does have the time and money to investigate baseball.
But government ingress into the privy of private enterprise is much more then simply regulating or taxing; with tax revenue funds, government has established a heavy handed investment into venues that at one time was the very definition of gangster-hood ; indeed, government is now directly operating a gaming business, blatantly and shamelessly espousing, by smartly dressed marketing ploys, suggesting, (to its citizens) that one can get something for nothing, if one would only purchase a government owed lottery ticket. Naturally, private enterprise cannot compete with the government in this endeavor. Government has decided that instead of taxing the revenue it will keep all of the revenue and at the same time utilizes its enormous power to eliminate any and all competition.
Of course all of this government intrusion is for the benefit of the common good. It is said by those elected to represent the interest of the unwashed; that these monies are needed for education. Interesting declaration; is it not true that an educated person knows better than to put one’s money in a game that one cannot win? Or is it that the government with a slight of hand is condoning stupid as merely harmless entertainment that happens to service the interest of the common good. How interestingly Fabian of these elected officials, I can only assume, on-line betting, prostitution, marijuana, cocaine, and public execution for a fee is an inevitable feeder to the insatiable designs of an ever more powerful government.
It is not gaming or lottery that I am disturbed by; it is my government’s culpability and outright participation that is so upsetting. If private enterprise was engaged instead of the government I would not solicit or participate; however, properly, regulated with intense oversight, I would not be against a private company’s investment in this endeavor. But allowing the government to entrap its citizens by utilizing the righteousness that is intrinsic to the peoples’ governing body to directly own a gaming concern is a living breathing contradiction of a government’s moral a priori, principle of righteousness and virtuous character.
There is acquiescence, a submission by the common to the power of an omnipotent governing bureaucracy; the people have been divided by the slickness of various persuasions, be it the media, academic soothsayers, or pundits who hold truth on the tip of their tongue; additionally, the legislators’ purposeful ambiguity of the nation’s laws prompted by those who profit from such ambiguity and the abatement of general morality rounds up the public’s befuddlement and confusion.
The issue of individual rights and the government’s power to tax is an ancient contest. There is no winning; there is only the contesting. Presently, the people are over taxed and the government is apathetic and compliant to its design of growth in scope and power. There is an election on the horizon that determines the winner of the contest for the foreseeable future. More freedom and liberty or more taxes; a question and a battle cry; I do fear the outcome.
I believe in the historical maxim that those who have less want more and those who have ‘the more’ want to protect their assets from those who have less. Those who have will always be suspicious of those who have less. The fear is ancient. The concept of redistributing wealth is as old as the accumulation of wealth. It is the mantra of dictators, rebels, and wannabe of every description; it is also the drum beat of the American politician of today and yesterday. The politician out of power or the politician desiring to retain power suggests to the voter that if elected he or she will render something of tangible value. Be it free educational benefits, free health care, less taxation, financial grants, earmark restitution from federal taxation, the passing of some favorable law, or the rescission of a particular law. The promise is given. The premise is that the voter is rewarded for the vote cast a tit for tat understanding between the voter and the elected.
Promises of wealth distribution by politicians strike fear into those who have; this primal of phobias are the first cause of maintaining an armed police force, of corrupting the election process, of seeking power via political office. The modern elected official (of either party) uses phrases such as fair tax, equitable responsibility, a caring for those who have less; but, regardless of the words, the effect is gong to be the same. A government of largeness, a growing bureaucracy, more federal, state, county, city, employees; all of which equal more taxes and fees. All of which surely can be voted on by those who have less in order to take within the rule of law from those who have more.
Interestingly enough, the liberal and the conservative with apparent equal venomous inclinations, distrust the intentions of government; each accuse the other of curtailing individual rights, increasing the power of government beyond the scope of constitutional design, erasing years of progressive benchmarks on race relations, and of course each are adamant that the other are directly responsible for the general disruptions of just about anything that could be disturbed. So as to remain in agreement as to the continuance of growing the size of government; government initiates its own enterprising ways, such investing the peoples money into parks, zoos, golf courses, ports, harbors, marinas, land management, business that are really creative.
There is an increasing tenancy (by the state) for a Sheriff of Nottingham approach toward taxation; wherein, the elected representative substitutes the government of the United States for the King of England and instead of Robin Hood robbing the rich in the forest by force of arms the robbery is by the statutory compliance of fees and taxation. Naturally, as with the Sheriff, the elected representative realizes that taxation is successful only when the government defines a bountiful resource or creates such a resource. The conundrum of legislative debate will be over whom has the money to tax? Once that question is answered; the ones who had the money will step, to the within tax code compliance, left or right so to avoid or minimize the pecuniary effect of the particular tax. This has been the historical experience of any taxing policy; for instance, an entire insurance and legal industry has been formed around tax policies.
What I find particularly tragic is the state government’s investment of the peoples virtue in the gambling business; at one time it was a crime; the business of gangsters, now it is a lucrative alternative tax on the citizens wherein the government effectually says, “play the slot machines, the lottery, get something tangible for nothing.” A state sponsored lie of the most deplorable design.
Motivated hell bent to enlarge government either by hook or crook legislators create an enterprise for taxing purpose or invent another tax on a transaction to take their skim off of the top; there is no end to their mad addiction.
When Will They Ever Learn
Authored by: William Robert Barber
Events, international and national, serious very concerning events; many that rises to the level of possibilities portentous and foreboding; events that threaten our way of life, even our very existence as an open society, these events, although, as real and forecast able as the setting of the sun, remain, in the mind of the many, a subject of disregarded and indifference.
One such national event: Political parties have evolved into huge money raising machines; an entire business infrastructure is now in place to elect their particular slate of candidates. Media embraces the entire concept of elections as sharks to blood; millions upon millions of dollars are delivered to media by political parties. There is a common belief evidenced by empirical deduction that the candidate with the most money to spend in a political campaign has the upper hand on the election outcome.
Events, metaphorically like the burning of Rome, continue while the political parties and their sponsored protagonist orchestrate the media dance to the rhythm of emotionally stimulating sound bytes, misinformation, disinformation, uncontestable lies, and this relatively new phenomenon prompted by media-advisors to the electoral contester of delivering serialized nonsensical distortions of the factual by the utility of post-stupid speech clarification. The contextual essence factor of these post-stupid clarifications is to say almost anything other than the truth. Their adage must be that anything but the truth will set one free; a very President Clinton-like approach to dealing with what is truthful.
This is the age of weapons of mass destruction. A WMD attack is not a forthcoming HBO special; such an attack is well within the realm of reality. We actually do have people, groups, institutions, nation states, irrational fanatics who support a religiously motivated intensely dedicated number of militant Muslims who have declared war on America and Americans. Of course this paragraph does not apply to former President Carter whose mindfulness lives somewhere between Never-Never-Land and Obama’s foreign policy.
Excessive taxation is often synonymous with erroneous taxation either or both descriptions impair individual freedom, empowers government, and is counter intuitive to the sensibility of defining government as a righteous utility of the people. As excessive taxation is implemented those taxed resist, maneuver, and redirect their investments in a differing opportunity; after all, it is a global business environment. Hence and therefore, less tax, in the quantitative is actually collected.
Nevertheless, and despite the arguments to the contrary elected officials of the accepted political party colors red and blue are focused on getting into office or staying in elected office. The consequence is that the difficult issues that prompt the events of deep concern even those of a foreboding factual will not be meaningfully addressed. Because of this political system reality, the citizen voter is a dismissive resource; the government is too strong, too empowered, the appointed non elected bureaucracy is entrenched and the citizen voter has its head deeply impeded in the sand. The people are divided between those who live as if in a Pepsi Cola commercial and those who produce the commercial.
As with all serious redirections of effort and concern an event will prompt the citizen to lift its head and smell the gun powder…naturally, for many the prompting event will be too late.
From the years 1900 to 2000 we Americans have seen an expediential growth in the overall size of government; this growth has occurred in all levels of governing. Every federal agency and department has expanded its responsibilities and authority; this expansion of government includes the increase of taxes and fees to pay for the costly services provided by the jurisdictions of cities, counties, and states. On a world wide scale, America’s government has grown by influence and infrastructure; since the offset of the Spanish American War to the present America’s prowess, supported by taxes and debt service, has reached the far corners of the world.
No person could have possibly envisioned the effect of this step by step, layer upon layer, taxpayer funded expansion of American government; an effect that would propel the United States into a perpetual motion of uncontrollable legislative taxing continuances resulting in the creation of an ambiguous, abstract, Byzantine, wholly ungovernable, giant governing bureaucracy. A bureaucracy of laws and regulations created by the elected to satisfy the insatiable demands of a divergent group of lobbyist and ever increasing costs of buying constituency votes. Read More »