The Bankers, socialism and taxes
My friend DT from celestial Junk poses a wonderful question in a comment to my previous post on the fraud/immorality of personal income taxing. It extends an opportunity to dispell a couple of wide spread misconceptions and mythology about socialism, taxes and central banking syndicate.
DT says:
After all, its this ocean of tax-dependant socialists that are the real rulers. How much real change, and how quickly, can actually be enacted.Socialist governments know, that once the bureaucracy and crown corporations reach a certian threshold in size; nothing can stop them.
Well DT statist socialism actually relies on credit as they are always over extended...either buying votes or keeping their loyal voting block reliant on endless government subsidy....the result is a tax base that becomes unproductive and unable to pay the principle debt. To pay the debt and become fiscally responsible to the people, the government would have to levy a crushing debt reduction tax regime which would probably tank the fragile socialist state economy. This puts socialist governments endlessly on the hook to the lenders who finance their debt... paying just the interest charges on a massive debt they ring up. ( Canada, US and most of the EU is in this fate)
The lending institutions that finance these spend=thrift socialist regimes debt rely on the regimes ability to coerce the debt out of its citizens in taxes. It is a socialist government's ability and record to tax in relation to debt servicing charges that the lenders use to secure the loans. This also floats the shakey currency of the debtor nation. Is it any wonder that socialists ideologically denounce capitalism but rely on wealthy capitalist cartels to finance their debt-ridden dystopias. A socialist government thus endebted , of neccesity usually drops all pretense of civility or morality when shaking down its citizens for revenues and becomes a Kleptocracy eventually.
If one understands that socialism is NOT a share the wealth plan but a politically actuated plan to consolidate (centralize) power and control of a nation’s wealth, then the paradox of super rich men promoting or financing socialism becomes no paradox at all. Instead it becomes logical, even the perfect tool for wealthy power-seeking megalomaniacs. ( Moe Strong, Desmarais, Martin, Soros, Armand Hammer, FDR)
Communism, or more accurately super centralized socialism, is not a movement of the down-trodden masses but a political and economic realignment that benefits the political/economic elite who finance and rule it. The modern model for this is China which remains a communist kleptocracy which sells legal absolution to foreign capitalists who wish to move productivity into China. The only wealth from this arrangement that stays in China stays in a small group of political racketeers, the overwhelming majirity of Chinese outside the inner political circles do not benefit and remain as poor as before Capitalists invaded China. Call it communist racketeering...it isn't free market inclusive capitalism...it's economic elitism with a despotic monopolist ethic.
DT says:
After all, its this ocean of tax-dependant socialists that are the real rulers. How much real change, and how quickly, can actually be enacted.Socialist governments know, that once the bureaucracy and crown corporations reach a certian threshold in size; nothing can stop them.
Well DT statist socialism actually relies on credit as they are always over extended...either buying votes or keeping their loyal voting block reliant on endless government subsidy....the result is a tax base that becomes unproductive and unable to pay the principle debt. To pay the debt and become fiscally responsible to the people, the government would have to levy a crushing debt reduction tax regime which would probably tank the fragile socialist state economy. This puts socialist governments endlessly on the hook to the lenders who finance their debt... paying just the interest charges on a massive debt they ring up. ( Canada, US and most of the EU is in this fate)
The lending institutions that finance these spend=thrift socialist regimes debt rely on the regimes ability to coerce the debt out of its citizens in taxes. It is a socialist government's ability and record to tax in relation to debt servicing charges that the lenders use to secure the loans. This also floats the shakey currency of the debtor nation. Is it any wonder that socialists ideologically denounce capitalism but rely on wealthy capitalist cartels to finance their debt-ridden dystopias. A socialist government thus endebted , of neccesity usually drops all pretense of civility or morality when shaking down its citizens for revenues and becomes a Kleptocracy eventually.
If one understands that socialism is NOT a share the wealth plan but a politically actuated plan to consolidate (centralize) power and control of a nation’s wealth, then the paradox of super rich men promoting or financing socialism becomes no paradox at all. Instead it becomes logical, even the perfect tool for wealthy power-seeking megalomaniacs. ( Moe Strong, Desmarais, Martin, Soros, Armand Hammer, FDR)
Communism, or more accurately super centralized socialism, is not a movement of the down-trodden masses but a political and economic realignment that benefits the political/economic elite who finance and rule it. The modern model for this is China which remains a communist kleptocracy which sells legal absolution to foreign capitalists who wish to move productivity into China. The only wealth from this arrangement that stays in China stays in a small group of political racketeers, the overwhelming majirity of Chinese outside the inner political circles do not benefit and remain as poor as before Capitalists invaded China. Call it communist racketeering...it isn't free market inclusive capitalism...it's economic elitism with a despotic monopolist ethic.
posted by W.L. Mackenzie Redux | 7:38 AM
6 Comments:
"The only wealth from this arrangement that stays in China stays in a small group of political racketeers"
Gee ... guess where Moe Strong is hidding out....
I often argue that the Saskatchewan NDP fear an economic boom. They need our province to be substandard... to languish. They squeaze every possible dime from resources, and quash any real growth. Yet surprisingly, a vast majority of Sask people don't mind, because they are either employed by the gov. or work for crown corps.
Problem is, the tax paying number of citizens is shrinking, while the tax need is growing. It's a recipe for France-lite.
I really don't care though, as I'm of to Alberta in a few years, so the socialists here can rot, for all I care.
See you in Alberta DT....but, unless they can control the gouging of boomtime profiteering, it will be a bad place to retire on a fixed income....inflation,COL and Housing shortages will eat up your savings and after you sell your paid for property in Sask...it will make a good down payment on a home in Calgary....unless you want the serenity and reason of rural/small town Alberta which is still the island of traditional sanity in Ralphs unrestrained boom town.
Cost of house in Regina: 168K$
Cost of smae house in Ft. Mac: 650K$
Cost of same house in Edmionton or Calgary: 240K$
and climbing. I can see the realestate bust coming soon as Alberta apes Vancouver realty cycles.
Cost of same home in Irricanna> 180K$
Bill: Rural AB sounds good, but I'll likely be renting in Edmonton while the kids hit the campus.
Later, I'm off to wherever my CND can go the furthest... at it may not be Canada.
I hope you read the links I provided in the other post to official IRS abuses...the IRS is a government organ that as close to the KGB as you can get in a free nation...they will literally kill you for an outstanding tax of less than 100 dollars ( ask Dave Koresh)...their enforcement group has carte blanc operational authority and routinely operate and act outside the scope of the law and constitutional restraints and suffer no repercussions for it ( to date).... The US is not a place where I would want to make out an income tax return. Canada's CRA may be fraudulent, manipulative and uncivil but at least they won't kill you over a couple of bucks.
There are a few tropical and UK tax havens that are attractive to retired Canadians but we have to remember that the socialist nations ( US included) are constantly starved for revenues to drive their welfare states and military junkets....they are busy using economic/trade coercion to force reciprocal taxing agreements on most of the remaining tax shelter jurisdictions....recently Tobago and the Virgin islands signed a reciprocal taxing agreement with the UK and Canada and the result is that retired foreign nationals had their funds in local banks "frozen" until the local government got a clear record of taxes paid from the nation who issued their pass ports....The result of this going on in former tax havens where Canadians/Americans/UK retirees are living, is that to escape the tax man in these new retirement nations, they had to change their savings and revenues into something tangible other than currency that sits in a bank where it is under the control of the international taxman....so local real-estate investment became popular and this buying spree by expatriate retirees in the tax shelter jurisdictions has started a realty boom and there are few real bargains left for those wanting to retire and build in these shelter nations.
Seems the best defense to hold onto what you own after you retire is buy property at the best value where property tax is reasonable or non existent (Anguilla etc.) and put the rest of your assets into a solid foreign investment that generates a revenue stream to a holding company registered in a tax friendly haven, which has hired you as an "agent" and pays you "living expenses". ;-)
There are several international sovereign citizen groups that set you up with strategies to protect your assets from taxation cannibalism.
Ya know DT, the thing that gets me when I talk to friends and other Canadians about this is they are totally ignorant of how highly restricted the government has made it for them to move their money ( assets) around out of their taxing jurisdiction....I recall a book I read by Lew Rockwell some 25 years ago which outined the 12 core theses of the communist manifest and then translated that into 12 signs that the manifesto had been implimented by your government....one of the last was the restriction and tracking of citizens travel and investment outside the country...with Canada adopting a "no fly list" soon that prohibits uncharged or convicted citizens from flying and biometric and RFID tech ID cards and vehicle tags…and the already established tax restrictions on citizens spending their money in off shore investments and in making reciprocal taxation agreements with many foreign countries and former tax havens, this last indicator of Engles’manifesto implementation seems to have been fulfilled.
The taxman and his master (international socialism) is accelerating the loss of national and individual sovereignty with their international taxing enforcement agreements…they are erasing national borders and national sovereignty to the tax collector and the international enforcement has erased borders to tax police....and it just puts us just one step closer to the global government these "global village" socialist bureaucrats have been salivating for.....what after global taxation and the emergence of the global taxslave? Global gulags for tax avoidance?
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