People have no idea how deviant this scheme is. If we are supposed to be capitalist (I know we aren’t really capitalist, and drift further every day) wtf kind of taxation scheme confiscates large swaths your capital before you even see it? Such malignant deviancy leads to:
govt knowing every asset you own
govt knowing every place you spend money
govt being able to cripple you with tax audits carrying possible prison time
govt being able to tax you for your neighbor’s benefit
govt being able to grow out of control
being forced into the arms of central bankers, thus paying interest to borrow what you could not save from confiscation by govt.
This is more perverse than we admit. It should be discussed like this more broadly and on the regular. It’s a huge issue going above and beyond wanting to keep the fruits of your own labor.
People have no idea how deviant this scheme is. If we are supposed to be capitalist (I know we aren’t really capitalist, and drift further every day) wtf kind of taxation scheme confiscates large swaths your capital before you even see it? Such malignant deviancy leads to:
This is more perverse than we admit. It should be discussed like this more broadly and on the regular. It’s a huge issue going above and beyond wanting to keep the fruits of your own labor.