[kitchencabinetforum] TAXATION IS SOCIALISTIC ARMED ROBBERY THAT KILLS JOBS AND ECONOMY

Taxation is armed robbery that feeds the black hole of political corruption; it's the perfect index of corruption and tyranny. Only evil governments tax citizens and companies.

There was no permanent income tax in the United States for 125 years. Can anyone
possibly say that the government didn't have enough revenue to function during
that time? It wasn't until the adoption of the Sixteenth Amendment in 1913 that
the redistributionist road was paved for an income tax. And what benefits has
the increased government revenue from the income tax given us? It is the income
tax that has made possible World War I, the New Deal, World War II, the Great
Society, the Vietnam War, and our current welfare-warfare state.

Curtis Dubay points out that like the villain in a horror movie, the many-lived millionaire tax is once again back from the dead. Senate Majority Leader Harry Reid (D–NV) dusted off this economically frightening tax hike that has repeatedly failed to pass Congress to pay for President Obama's jobs plan after Senate Democrats rejected the tax hikes the President proposed to pay for his bill.

The income tax system is a vast income redistribution and social engineering
scheme. The income tax code doesn't need to be simplified, shortened, fairer, or
less intrusive. The income tax rates don't need to be made lower, flatter,
equal, or less progressive. The income tax doesn't need more or larger
deductions, loopholes, credits, or exemptions. The whole rotten system needs to
be eliminated if we are to starve the beast that is the state leviathan and
strictly limit government spending to only what is constitutionally authorized.

Dubay notes this is the third time in the past two years that congressional Democrats have proposed a millionaire tax. The first time it was a 5.4 percent surtax to pay for health care reform. The second time was in "the People's Budget" released by the Congressional Progressive Caucus. It failed to garner much support either time. If the third time is the charm for the millionaire tax to become law, the economy would suffer lasting damage and reduced international competitiveness. And American workers would bear the brunt of the pain.

When an economy suffers from erectile dysfunction, via-grab does not work, but
only via-cut. The via recommended is to cut taxes, not grab more taxes. There
are limits to how much government can tax before it kills the host. Even worse,
when government attempts to subsidize prices, it has the net effect of inflating
them instead. The economic reality is that you cannot distort natural market
pressures without unintended consequences. Market forces would drive prices
down. Government meddling negates these pressures, adds regulatory compliance
costs and layers of bureaucracy, and in the end, drives prices up.

The millionaire's tax would be a 5.6 percent surtax on incomes of married filers earning over $1 million starting on January 1, 2013. The surtax would kick in at $500,000 for individual filers, so it cannot be called a true millionaire tax. It would take the place of several tax hikes President Obama proposed to pay for his jobs plan, the biggest of which was capping the deductions of high-income earners. It would raise approximately $450 billion over 10 years.

Dubay muses the millionaire surtax is contradictory to the stated aim of the President's jobs plan, which is to create jobs. The tax hike would fall squarely on the very job creators that the President wants to add jobs and reduce their incentive to add new workers.

Dubay points out taxpayers earning more than $1 million per year are investors and businesses that are directly responsible for creating jobs. Investors provide the capital to existing businesses and startups so they can expand and add new workers. Raising their taxes would deprive them of resources they could invest in promising businesses that are looking to add employees. Raising their tax rate would deter them from taking the risk to invest.

The President and his allies say often that only a few businesses would pay higher taxes under their soak-the-rich policies. But a recent study from President Obama's own Treasury Department shows that 50 percent of the income earned by businesses that pay their taxes through the individual income tax code and employ workers would pay the millionaire tax.

Dubay notes the millionaire tax is a direct blow to the pass-through businesses that employ the most workers. Higher taxes would deprive these important job creators of resources they could use to add new workers or pay their workers higher wages, and it would reduce their incentive for adding new workers. These impediments to economic growth and job creation would plague the economy permanently, while the questionable jobs policies the millionaire tax would pay for are temporary.

Millions of innocent people have died of hypertension caused by agony on taxes.
Millions of concerned citizens are joining modern day tea parties of the Global
Tax Revolt, named after the Boston Tea Party of 1773. They are protesting
governments that, in the wake of today's financial crisis, are rapidly
strangling their freedom, with endless bailouts, mounting regulations, reckless
spending, and the promise of a crippling tax burden. Correctly sensing that
freedom is being discarded, they seek to battle this trend by taking to the
streets to register their outrage. http://venitism.blogspot.com

BLACK HOLE
By Basil Venitis
venitis@gmail.com
http://venitism.blogspot.com

Taxation is armed robbery
Corruption's black hole
Perfect index of tyranny
Never feed the black hole.

Starve the beast right now
Join the Global Tax Revolt
Tame the monster anyhow
Never feed the black hole.

Avoid and evade all taxes
Feeding drones is not your goal
Send the robbers to the axes
Never feed the black hole.

Never mind those robbers
Turn inside to your soul
Curb those kleptocrats and cobbers
Never feed the black hole.