The Netflix Tax | Armstrong Economics

I have warned that once one state taxes something, the idea spreads like a contagion. Illinois and California wanted to tax movies or anything you stream. Now, Georgia is looking at the same thing. This is all part of the economic decline. The states are broke. Their pensions are consuming everything. It is no longer about servicing the people, it is all about exploiting the people to fund themselves. There is no rationale behind this. It is all about needing more to cover this year’s budget. What about next year? They basically simply say they will deal with that when it comes. With every new tax, they simply reduce disposable net income, which in turn lowers living standards. This process is not sustainable. A child with a simple calculator can easily figure out that everything will come crashing down. We have politicians who are career people and have rarely ever been on the side of people. It is beyond comprehension, for the bottom line is always the same. NO POLITICIAN WILL VOTE AGAINST THEIR SELF
— Read on www.armstrongeconomics.com/world-news/taxes/the-netflix-tax/

Brexit & Pi | Armstrong Economics

We are approaching 31.4 months this February from the original Brexit referendum on June 23, 2016.After such a period, the British government’s incompetence is shining through. The EU wants a hard border in Ireland all because they fear that goods could creep from the North to the South without them getting their hands on taxes. Meanwhile, Scotland keeps pushing for a separatist movement because the politicians there are also brainwashed to believe leaving the EU is somehow bad. Yet, most of their trade in the UK represents such a small portion of GDP. If Scotland took such a step, the EU would also demand a hard border for taxes. It always boils down to money for politicians. They can’t help it. Government creates ZERO wealth and are called “public servants” because they live off of the private sector who creates national wealth.
— Read on www.armstrongeconomics.com/international-news/britain/breixt-pi/

The bottom line in this article is the crux of the biscuit. JohnBarleycorn

It’s time to tax the super rich – Here is Why I Disagree

It’s time to tax the super rich – UnHerd
— Read on unherd.com/2019/02/its-time-to-tax-the-super-rich/

Taxing the rich sounds great to many people who buy into big government fixes for free market problems. Taxes will benefit politicians with more income to redistribute. Taxes take money and opportunities out of the private sector. The rich can afford to move and take their money with them.

I would eliminate tax loopholes that disproportionately help the Uber wealthy. Government contractors and contracts are not held accountable for cost over runs. An roi needs to be done on all government run or funded programs. Campaign contributions from rich donors and corporations should be banned or capped at a very low level, with no loopholes. The revolving door between holding government office and the corporate, media, defense, tech, any lobbying groups should be stopped.

AOC is probably well intended but she is very new to the game and not aware of the root problems that are systemic.

Stop bringing in thousands of migrants who keep downward pressure and wages. There is a causes and effect correlation here.