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Posts Tagged ‘tax’

It has been a known statistic in the United States that the top 5% of income producers, the wealthiest people in America, own or control 95% of the wealth of the United States. Now there is a report via BBC News that the top 2% of the richest on planet Earth, the wealthiest people in the world, own or control more than half of the planet’s wealth.  The source for this shocking statistic comes from a study conducted by the United Nations’ World Institute for Development Economics Research. Another shocking statistic is the poorest 50% does not own 1% of the planet’s wealth.

Now before everyone gets all bolshevik or révolutionaire and wealth redistribution balances the planet’s wealth, we should find out how it was that the top 2% came to control so much wealth. Is there a duplicatable secret to wealth accumulation that can perhaps be taught? The cited report notes that 90% of the planet’s wealth is located in industrial or post-industrial nations of Europe, North America, Australia, and the Pacific Rim nations like Japan, South Korea, and the Chinas.

Europe, North America, Australia, and the Pacific Rim power trio are the nation’s that developed industrial technologies or duplicated industrial technologies and marketed them as necessary conveniences to a global market. The goods and services were bartered for material wealth, mineral wealth, real wealth, and currency exchanges. The upper echelons of currency and material wealth have directed the flow of goods and services toward their holdings. The limited population of wealth controllers have directed the flow of goods and services into new markets or pulled natural resources out of developing nations.

In the United States it has become argumentative to increase the tax or to decrease the tax on the wealthiest businesses or individuals. Again, I will say we should find out how they came to amass such fortunes before it is decided to take all of their wealth and redistribute it to the ‘masses.’ Why? Because the mindset that pulled all of that wealth together in the first place will find a way to pull all of that wealth back together again. Another negative from history is there have been people groups that had radical wealth exchanges back to the ‘masses’ – unfortunately for the masses, they remained serfs and peasants while a new ruling elite became the wealth managers.

Before wealth redistribution becomes ‘chic’ or trendy, it behooves us as intelligent humans to find out how the rich got rich, got richer, and stay rich. Wealth in the hands of the money management ignorant does not stay with them for very long. It is known that most lottery winners do not have their money 5 to 10 years after they win the lottery. Why is that? Education and attitude. Most of Earth’s established wealthy have educated themselves in how to attain and retain income beyond expenses. Most of Earth’s established wealthy are personally driven to compete and succeed with intensity in their niche. Most of the lottery winners are educated in paycheck-to-paycheck subsistence to a company and spending what they have on what they want. That kind of spending is why the United States created the Social Security Act, because too many were not creating any kind of income stream or savings for their senior, non-productive years.

There is another factor that comes into play. Personality. It is not everyone’s personality to be some completely obsessed and ruthless to achieve absolute success at such an extremely high level as to be a top 1% contributor – a hyper, type A personality.

We, the people of Earth, need these hyper type-A driven personalities to build revenue streams, production, and new technologies or industries. Amazon, Facebook, and Google are good examples of driving an idea until fruitful. There are other industries as well. Those who create and drive these industries should be rewarded, but not at the expense of the persons creating the products of those industries or the persons buying those products.

Disrespect for humanity has led to unionization of companies where the leadership barely has any voice in the control of the company and that disrespect for humanity has also led to the nationalization of those companies. Neither scenario is good for Humanity or the drivers of the original ideas.

A fair and even taxation of all citizens is preferable to a sliding scale of caveats and special considerations. Let the wealthy have their wealth. It motivates some to find that new thing that will create a new industry or revitalize an older one in a new and interesting way. It also puts capital in the hands of innovators who find and fund new and interesting ways of generating more capital. But, compensate fairly and appropriately those that produce the goods and services, and even allow for achievers to share in the accumulation of wealth.

Now I do not condone bread and circuses. The Judeo-Christian Bible says if you do not work – add value, produce a good or service, generate a revenue stream – you do not eat. There is no free lunch, no government cheese or largesse. If you can work or produce you should work or produce. If you do not because you cannot, those who have should help through non-profit and faith-based initiatives – not a government hand-out. If you do not because you choose not to work or produce then you should reap every benefit your productivity affords you … basically, nothing.

My own research into the top income and revenue producers has shown that it is the combination of education, attitude, individual effort, and hyper-tenacity that produces results in the top 1% of whatever endeavor it is that the hyper-type-A personality chooses to do.

Just do it.

link: UN University WIDE

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HR 4646-The “Trojan Horse” Tax – DJohn – Open Salon [open.salon.com ]

As many of you know recent polls show an utter mistrust between the citizens of this great country and its government. The reasons for this are many and another one has just reared its ugly head: HR 4646-The Debt Free America Act.
link: http://open.salon.com/blog/djohn/2010/09/28/hr_4646-the_trojan_horse_tax

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Commentary by Dave “Doc” Rogers, c.20101001

This is a variation on VAT but it targets specifically banking transactions; which is easy enough since most people use their debit/check cards rather than credit or cash.

Who gets hurt by this initially? Resellers do. Infrastructure and reporting changes will be added costs to an already margin stripped business economy. Reduced margins means lower to no profits. Lower to no profits means: can’t buy, can’t invest, can’t hire. Ultimately, it means more businesses close.

Who else gets hurt by this? The Consumer. The costs of infrastructure and upgrades will be passed to the consumer who will pay more for products and services they are already buying less of. Higher costs on reduced available income means fewer purchases. There is an economic spiral downwards that begins to occur at this point. Not buying so less sold so less made so less needed made so less employed so less money available to buy so less sold … until collapse.

What else can happen with this? More uncontrolled spending with an easy taxation generation vehicle in place. With the way this Congress and current Exec Admin like to spend money that isn’t there to spend, a hidden tax vehicle like the one descirbed will give Congress and the Treasury a slider they can pull anytime they need more revenue. That is until the system breaks due to impeded cashflow.

Our economy in the USA is built upon the exchange of trade goods and services. Without this exchange or flow of goods and services the system collapses in due course. Any onerous taxation, fines, tarrifs, etc placed on the system will eventually strangle the system like weeds in a flower bed.

An unrestrained government is a bane upon the people they govern. A restrained government is a boon to the people who govern the government. If the average citizen does not take ownership of their citizenship and govern as detailed by the current US Constitution, then they will be governed by those who seek to rewrite the US Constitution in a manner benefitting those who will govern. The choice is simple. Govern or be governed. Own your citizenship or become the vassal to the State.

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Isn’t one way of socializing punitive taxation to ‘tax’ someone into submission? Taxation without a reasonable basis is governmental theft. Madoff went to prison for stealing. Isn’t misuse of tax revenue for personal gain or promoting one’s socialistic, self-agrandizing agenda the same as embezzlement for personal gain?

Our government, the US government model, is there as a watch dog to speak on our behalf. Our government is not the guard dog ensuring everyone stays in step.

This country – the USA – has no vassal class. There is not a monarchy, noblesse, prolitboro overseeing a peasant, serf, or peon class. Once you are a citizen [leagally] of this country (USA) you are one among equals. You do not perform obeisance [bowing down to another]. You have – in this country – individual sovereignty. And, some of that individual sovereignty is ceded toward unified self-government via our US Constitution and its 50 individual states’ constitutions.

Taxation without representation and due course of responsibility to those so taxed led to the disassembly of the largest empire of the 1700s by the cessation of 13 colonies in its American holdings.

If the European models of government were so good, then why has not the USA reverted prior to this century? Even the UK model has changed dramatically from 1789 to 2010. The evidence in this is the BE Commonwealth and their PMs meeting amicably periodically to discuss their combined affairs.

The USA is not like European governments on purpose.

The USA is not like any other government on purpose.

The USA is an opportunity as self government as equals without the restraint of whims of monarchs [whether in name or not, role is still the same … singular leader for life with all powers vested in same].

The USA is where free peoples congregate. The USA is where people go to great efforts and costs to be. The USA has to turn back more than it can take in … legally and currently.

It is a country where success or failure has been put in the hands of the individual. No amount of forcing compliance will work.

This land was discovered by people who were looking for better. This land was colonized by people who were looking to escape the heavy hand of European government. This people group came together and wrenched their freedom from Europe’s mighty hand. This country opened its arms wide to whomever wanted to come here and be free. This country has a culture of being free, standing up for those who wish to be free, fighting for our own freedom, and fighting – at great personal cost – for those who wish to be free.

Taxation funds the government and is necessary. It is how a free and independent people remain free and independent. BUT … when a government is tempted to turn taxation into a noose whereby they can control a people, I must remind that government that there are no slaves in the USA. There are no vassals. There are no serfs. There are no peones. There are no fiefs to your liegelord self styling.

Government – this government of the USA – must remain a government of the people, by the people, and for the people. And if it is not, … there is no place left in the world where it will be. If the big brother of the democractic republics falls, how can the others stand alone?

This government must be run with all of the acumen, energy, and fear of failure that a small business has. Every cost and expense is suspect. Every customer is a joy, the reason to be. A fierce tenacity and ownership to stay alive, to stay afloat, to care for those who in you have placed their trust.

A great weight of 300,000,000+ voices must weigh heaviest on those in Washington DC and in the 50 individual states to ensure prosperity [not redistribution wealth] and an opportunity to make one’s own way unfettered by micromanaging, heavy handed government and psuedo-goverment.

There is not enough money in government to make everyone equal in opportunity. Equality in opportunity comes from the indivdual or it does not. Those who risk all, try and do, just may succeed and succeed well. Those that “do naught” get paid for their efforts. The wage of inactivity is emptiness. Actually, it is a vaccum pulling from those who already have risked all and are rewarded for their efforts.

I have no problem paying tax, even to the Fed. I have a problem with a mentality that says “Spend, spend. If we need more money we will print it and demand more from them.”

Irresponsibility in managing the affairs of others should be criminal when that misconduct impacts the lives of millions.

There has been no real consideration of basis for taxation or spending by this Congress or Presidency. If there had been, then there would have been other, more cost effective plans for the spending bills that have been put forward by this Congress and Executive Administration.

Taxation has become unrestrained. The watch dogs that we let into the field to watch over our affairs have become guard dogs afraid of losing their powers and place. It is time for an Oliver Cromwell of our own making. When a government does not heed the voices of its people it needs to be replaced. Cromwell had the might of his party and the armies of England. We in the USA are better equipped for change. We have a pen and a vote!!

In 2010, remove those who so blatantly disregarded your country for their own personal gain and ‘place in history.’ Whatever happened to country first? Whatever happened to ‘uphold the Constitution’ and the public trust? Whatever happened to ensuring the blessings of Liberty to ourselves and our Posterity?

We need new watch dogs that are more interested in what is right for this nation and what will still be right 200 years from now.

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