The Dreaded April 15th Deadline Approaches! - Page 2
I could almost accept the bill due, if it did not require so much time to comply and push paper hidden in a shoe box. As well as expense as it is costly to complete the forms properly so as to stay out of jail. Where is the ACLU when we need them. Privacy rights? Is that not your cause celeb? Now I remember. They also receive funds from the beast. Never mind.
The old economic axiom goes and I paraphrase, "If you want less of something, tax it more. If you want more of something, tax it less". Russia is a prime example of this axiom as is most of Europe. Europe taxes the hell out of its people. Yet the people do not cough it up as they should. Witness Greece, the country of my forefathers. Almost half the nation does not bother to comply with the beast. Perhaps one of many reasons they are in the current state of financial turmoil. Back to the Bear. They learned early in their quest for freedom that confiscatory taxes lead to non compliance and a giant hole in revenues. Around 1995, they decided to go the way of Hong Kong and Singapore, two wildly successful low tax countries who continue to thrive and attract financial liquidity. They implemented a flat 15% tax. Lo and behold, compliance as well as revenue shot through the roof. Here, we turn people in to criminals. Either through evasion or political bribery. The system must change and if we had the political stones to do so, this economic engine would boom.
But that is not what this is about. It is all about political power and cronyism. We all pay far too high a price. The rich and the middle class bear the brunt. And I detest class warfare. I am for equality in the eyes of the law for all. But corporate classes, they live in a different realm. They are the biggest teet suckers and most rewarded. Witness offshore funds which some estimates take them to $5 trillion potentially and shielded from taxation. How the f.. do they get away with it? You and I can't follow their path. Oh, that is right. I don't have millions to donate to a campaign. Simple answer. Many rich corporations can park money overseas and evade tax. We can't.Continued on the next page