And Next…. The FCC Will Pass a Drug Trafficking Tax

I know, that headline got your brain moving in a really weird way first thing in the morning. The words in the sentence simply don’t fit together. I mean, what the hell does the Federal Communications Commission have to do with Drug Trafficking regulation or taxing? The answer: Absolutely nothing. But it would be a heck of a revenue generator for the organization. Can’t happen, right? I would normally say no. But in light of what I am about to share I am beginning to question that premise. I used to think that an organization couldn’t simply randomly decide to tax or regulate something that it has nothing to do with. Then I ran across an article tonight on Fox News with the headline, “World Health Organization Moving Ahead on Billions in Internet and Other Taxes.” You read it right. I am not making this up. The World Health Organization, in an effort to both raise revenue and further redistribute wealth from countries like the US to poor countries, has decided to move ahead with an internet tax. What?
AND New York Passes Tax on Yugoslavian Fishing Exports

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Corporations Don’t Pay Taxes… Part Deux

Some good discussions happening yesterday around this subject. I wasn’t as able to be a part of the conversation as I would have liked, so I am going to address some of the comments from others here. I will copy the comments from yesterday into the comments today in order to answer those I wanted to answer. I figured starting with a fresh thread would be a good thing as well. By the end of the weekend, it might have been a bit overwhelming to have to scroll through 500 comments to find if someone answered you. So the article from yesterday still stands, with a few additions today! I did, however, answer many posts in yesterday’s article late last night so don’t ignore that thread now that it has re-started here. The major point that I was making in the article seems to have slipped past a few folks, as the discussion took a decisive turn towards moral justification of taxes on the wealthy being raised. The point of the article, boys and girls, is that ECONOMICALLY the idea of increasing the taxes on the wealthy and corporations is a bad idea.
Let’s Give This Another Try

Corporations Don’t Pay Taxes

People do! There have been extensive conversations over the last year around the different perspectives that each party operates on in terms of taxes. One of the major reasons that, when I did choose to be a part of a political party, I couldn’t support the Democratic party, was their outlook on economics. The ideas of wealth “trickling up”, consistent increases in regulation of the private markets, and redistributing wealth are all against the very core of what I believe, and in the case of trickling up wealth, against logical reason. In many of my arguments with those on the left, I have brought the subject of this article up, offering it as a reasonable assessment of where there is a fatal flaw in their plan. I never get a response after that. The subject gets quickly changed, or in forums I am simply never answered by that person at all. So I am going to present the argument again, and explore the concepts. I welcome any challenge to my thoughts, as I want to know if there are things I am missing…
The Makers vs the Takers

Laying Down “The Law”

I hope today finds everyone well. Don’t forget, only 16 more shopping days to get out there and get your favorite blogger a Christmas gift! Tonight I am going to be doing something a little bit different in terms of what I offer. This doesn’t fit quite into the category of philosophy or into the category of commentary. But I think it is a good, and important read. I want to offer a bit of wisdom written many years ago, and subsequently translated from French to English. The author is Frederic Bastiat. And the piece that I am going to discuss here is a work called “The Law.” This essay by Bastiat is a brilliant dissertation on, you guessed it, the law. It is available via Amazon and many other avenues. I humbly recommend that everyone pick it up and read it, twice if necessary, until you understand it well. It is short, only 54 pages, and at last check was only $7.95 at Amazon. Such a short book to read, but one with tremendous impact on those that take the time to read it.
Why Everyone Should Read The Law