Taxes

Democratic Countries Should Back out of the UN Global Compact

Posted on by johnbarleycorn12

The EU has been paying particularly North African governments for years to keep migrants away from the European continent. The effort seems to have yielded few results in terms of stopping migration to Europe. The UN Global Compact stipulates that,
— Read on www.gatestoneinstitute.org/13398/un-global-compact-withdrawal

I would take it one step further and encourage everyone to get out of the UN. It is just another body of unelected globalists getting fat off of taxpayers hard earned wages.

California to Tax Texting from Your Phone | Armstrong Economics

Posted on by johnbarleycorn12

I have constantly warned after dealing with governments first hand for over 30 years, they NEVER see the problem as being them – it is always we the people. Their fiscal mismanagement is beyond repair and we should not expect anything other than death and taxes. You work your entire life and then want to retire and they still want taxes on your retirement funds. Then you die and they rush in to grab what is left. Even the Mafia had more respect for the people than those in government. I drew this cartoon years ago and it remains valid to this day. The latest proposal in California as the state spirals toward insolvency in the year ahead is to constantly come up with new things to tax. They are already at the highest personal income tax rate in the country – 13.5%. They wanted to tax space shots per mile they traveled into the sky. What’s next? Imposing a tax per child you give birth to? How about taxing clean air? The government has become an organized crime. If you do not pay, they confiscate everything you have and will often throw you in prison. Not even the Mafia will treat you that ruthlessly. This latest scheme is a never-ending plot to tax anything and everything they can possibly think of. California is doomed. They never consider really looking at the trend in motion and where does this all lead. All they consider is they are broke right now so just raise taxes to get by for another quarter.
— Read on www.armstrongeconomics.com/world-news/taxes/california-to-tax-texting-from-your-phone/

France Has the Highest Tax Rate in the Industrialized World & Worst Investment Record in Europe | Armstrong Economics

Posted on by johnbarleycorn12

What is really amazing is how governments just fail to comprehend that revolution is instigated by corruption and taxes. Nevertheless, they just can’t help themselves. They have to keep taking cookies from the jar until it is empty and then act surprised what the people suddenly rise up. France tops the list of the highest taxed people in the Industrialized World. The French historically have a lower threshold for taxes than most others in Europe. Many people thought the Greeks would rise up. They laid down. Then they thought the Italian will rise up. Just not yet, but they will follow the lead of the French. Revolution seems to become possible once you cross the 40% mark. The austerity policies in Europe are only making matters far worse. There is a SUBSTANTIAL difference between a Sovereign Debt Crisis and a Hyperinflation. The former is where you bought $10,000 worth of government debt and they say forget it – we refuse to pay. That provokes violence and civil war. Then you have the hyperinflation route. This produces economic struggles but it does NOT lead to civil war. They promised you a pension of whatever of $10,000 and they pay it. Like Venezuela, that amount will no longer buy even two cups of coffee. They paid so you get a different result historically. Tax rebellions are DEFLATIONARY because it reduces the disposable income. The economy declines the higher the tax rate. This is also why you are witnessing the uprising in France. This is why inflation has been so hard to create even with Quantitative Easing (QE). The more you inject cash should be inflationary under the Quantity Theory of Money, but then they raise taxes and nobody looks at the disposable income. If disposable income declines, then all the QE cannot create inflation. What you get is a tax rebellion that can lead to civil war. The stock market has still not exceeded the 2000 high. This chart alone shows the impact of socialism.
— Read on www.armstrongeconomics.com/world-news/taxes/france-has-the-highest-tax-rate-in-the-industrialized-world-worst-investment-record-in-europe/

This is what happens when the government sucks up all the money from the private sector.

For Climate Interventionists, New Taxes are Only the Beginning | Mises Institute

Posted on by johnbarleycorn12

[Editors Note: After days of rioting in the streets of Paris, French President Emmanuel Macron was forced to backtrack today on proposed gas taxes. While this episode demonstrated the unpopularity of trying to raise taxes in the name of fighting climate change, Mises Institute Senior Fellow Robert Murphy recently noted at IER that this is only the start for “climate
— Read on mises.org/power-market/climate-interventionists-new-taxes-are-only-beginning

The globalists are motivated toward taking wages and power from the working class.

Chicago’s Hunt for Taxes Goes After Children Playing Games | Armstrong Economics

Posted on by johnbarleycorn12

COMMENT: My sister lives in Chicago. She is looking to leave finally. She told me there is a 9% tax on any amusement like Netflix or PlayStation for her son. You are right. They keep finding things to tax rather than address the problem. This cannot be maintained forever. OT REPLY: This is what happens. Rather than increasing taxes, they expand things to tax. They assume they can get away with that easier than be seen as raising taxes. It is all about how it will be reported. Sony has indeed agreed to comply with Chicago’s Amusement Tax, which means that PlayStation users now have to pay an extra 9% tax on streaming and rental services, which took effect on November 14th, 2018. This latest expansion of the city’s Amusement Tax will apply to purchases such as rentals, but not full sales of games. Back in 2015, Chicago’s Department of Finance expanded the tax on events to include streaming services such as Netflix, Hulu, and Spotify. It is most likely illegal but under our legal system, the burden is on you to spend money to prove you have a right. Governments can pass a law to do anything, even kill your first born. Only if they try to enforce it then you have to take them to court and spend years to get to the Supreme Court.
— Read on www.armstrongeconomics.com/world-news/taxes/chicagos-hunt-for-taxes-goes-after-children-playing-games/

Vote with your feet folks, get out of those blue state tax hell holes.