Taxes 2019: Where income, sales and property tax are highest in US

Where you’ll pay the most – and least – on state a
β€” Read on www.usatoday.com/story/money/personalfinance/2019/03/05/taxes-2019-where-income-sales-and-property-tax-highest-us/39124869/

Where you pay the most in taxes

California to Tax Anything & Everything They Can Think Of | Armstrong Economics

COMMENT: Marty, You have to help us out here. California tried to tax text messages. The feds stopped that. Now, LA county wants to tax Uber and lyft. They’re already taxing us, I think, for mosquito control. The mosquito control only hands out info too. It does no real work. This is crazy. Everywhere in California, they’re trying to shake us out of every cent. Is there anything we can do to stop this? P REPLY: Sorry. This is how governments commit suicide. Instead of dealing with the problem and looking at this from the long-term view, all they care about is what is in front of their nose. The attitude is to just raise some tax to meet the next expenditure. They do not look at this and where it ends up. Historically, if Rome had taxed people at 50%, it would have never lasted 1,000 years. There is no hope in sight. The people are complacent and until they realize that all of these taxes are reducing their standard of living, then and only then will change unfold in the form of massive civil unrest, overthrowing governments, and the end of career politicians. Tax rebellions have been the source of revolution since the 14th century. Governments never learn. They always have to oppress people to expand their own greed and power. Politicians keep blaming the rich. But no matter what they force the rich to pay, politicians will spend more. Their own pension systems where their state employees never contributed anything are collapsing. There is no possible way to prevent this economic disaster at the state/province and municipal levels. They cannot create money as the federal level can so all they can do is tax people into poverty. So enjoy life while you can. Governments only look at the immediate future and never tomorrow. Hence, they are doing their best to ensure the decline and fall of everything thanks to their complete mismanagement and self-interest. Representative governments have never worked for once you have career politicians, they will never place the interests of the people before their own.
β€” Read on www.armstrongeconomics.com/world-news/taxes/california-to-tax-anything-everything-they-can-think-of/

Simple solution; shrink the government 🧐🀨

Capitalism – Oligarchies – Socialism | Armstrong Economics

COMMENT #1: Hey Marty, I’ve never written you in this vein, but (always extremely talented) rich guys saying “Let the chips fall, free market capitalism” are gonna get washed away by this wave and we both know it. When the mass of people don’t even own a vegetable plot despite working their rears off for the dream, you know socialism is here however bad (Marxist) it is. If “capitalism” can’t offer a life (a living wage and a damn plot to park your ass on, not mountains of debt and stress, unless you happen to be born with a certain set of Republican talents) then “capitalism” is out however great it really and truly is. I will never mention politics again but revert to philosophy which is where we really live, and the only thing I really know anyway. RF COMMENT#2: Are you blind, Mr. Armstrong? Don’t you see, that wealth equality is going out of hands? It cannot be, that a 8 people control (Oxfam 2017) as much wealth as 50% of earth’s population and it get’s more extreme each year. All life is one and it is a responsibility of the heart to share. Capitalism has failed as the majority is not benefitting anymore from it. REPLY: You are confusing capitalism with oligarchies. Disposable income has been declining because of taxes. Under Marxism, we pay between 300 and 800 times more than previous historical periods of taxes. The Roman Empire had taxes that would rise from 1% to 7% — not 50%+. ALL Republics collapse into oligarchies because once one person pretends to represent many, they will NEVER put the interests of the many before themself. The lack of term limits means these politicians need money to sustain their position and therein allows the oligarchy to grow with power and influence. CAPITALISM is the freedom to decide your own fate — not that oligarchies get to own everything. Under a Greek Democracy, only the head of the household voted. They were the Congressman representing everyone in that house. Under SOCIALISM, income taxes were invented meaning every person had to account to the government for what they earned. Women, who didn’t previously vote, suddenly were entitled to vote because they were being held accountable for their individual earnings and government began passing laws to protect people which then dictated things such as abortion or whatever. So do not confuse an oligarchy with capitalism. They’re on opposite sides of the table. As for the disparity in wealth, I volunteered in Washington to convert Social Security to a wealth fund during the ’90s. The Democrats would not vote for it because they wanted to change the fund manager when they came into power. The wealth disparity is NOT created by income but by investment. The government regulations restrict investments for the private citizen. The reason there are hedge funds offshore is very simple. We are over-regulated, so a fund manager who complies with the SEC goes to jail with the CFTC. You cannot hire a fund manager to make the decisions for you, so you have to decide between all the various investments yourself. Hedge fund managers make all those decisions but they cannot raise money domestically.
β€” Read on www.armstrongeconomics.com/armstrongeconomics101/economics/capitalism-oligarchies-socialism/

Great job and historical perspective. We have crony capitalism not free market capitalism.

Newsalert: 1.7 million public employees earned $100,000 or more. There were 105,000 local and state government employees out-earning every governor of the 50 states at a salary of $190,000 or more.

Newsalert: 1.7 million public employees earned $100,000 or more. There were 105,000 local and state government employees out-earning every governor of the 50 states at a salary of $190,000 or more.
β€” Read on nalert.blogspot.com/2019/02/17-million-public-employees-earned.html

……this is why they hunt for more taxes

No relief in sight for taxpayers denied deductions for state and local taxes | Washington | bozemandailychronicle.com

WASHINGTON β€” President Donald Trump again indicated this week that he might be open to revisiting the new limit on state and local tax deductions that hits many middle-income residents
β€” Read on www.bozemandailychronicle.com/content/tncms/live/

This was one of the aspects of the tax bill that I liked best. The rest of the country should not have to subsidize high tax states and cities. JohnBarleycorn