10 artful tax dodgers
Some of the rich and famous pack their bags when their homelands raise taxes to a level they think is unacceptable.
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I think these are very smart people, and the trend will no doubt continue in much bigger numbers. I expect an exodus of the rich first from California to another state. Then if the tax rates continue as expected during this administration, very large numbers will leave the country. I don't have multi-millions but still feel the same way being in the declining group of the middle class. Being self-employed is a double whammy. I guess it's good that my income keeps decreasing, but I think the government will come up with another tax on something like breathing their air because of course it was created by the government. Nothing exists on its own, right?
The city in which I live has seen a steady outflow of people moving outside the city limit where they pay at a county rate that is considerably less than the city. Then you see the exodus from NY, CA, IL and other tax heavy states to NV, TX, FL etc. You dont have to be a genious to know this is happening on a national scale with high net worth individuals and companies moving to foreign countries There seemsto be no attempt to stem this trend. On the contrary, states like CA just double down on the taxes moving more and more people into the brackets where it makes sense to move.
Money always goes where it is treated best-a law of the universe. Commodities flow to the highest bidder. If not, and the government could control it, crude oil would be $15/barrell. Not going to happen.
I always point put that taxing authorities NEVER discuss how they will utilize tax mioney in an inteligent way. A large portion of tax money, local, state, and federal, winds up in giveaways and subsidies toi buy votes for reelection, building edifices to name after politicians, and voting obscene pay and benefit levels for public unions.
No way any additional taxes shoud be enacted without very specific budget requirements designed to ease the defecits, allocated to essential services, and no authotity to borrow until collaterized with surplus funds.
More evidence for you dopey, liberal, progressive Dumbocrats that the rich will do whatever it takes not to give more and more of their money to the government. All you have to do is look to the US of A, all the tax happy, tons of peeps on the dole, and an army of lack of public service worker states to see it.NY, CA, RI, Ma, CT, NJ, ILL to name a few. City, schools, roads, bridge in shambles, cops, firemen, toll takers and those vile and corrupt union teachers all filling their pockets with what is left of taxpayers money. And an endless line of peeps at the welfare office getting the other half of what is left of the taxpayers monies. So for the rest of you who live in a purple or red state and who are Dumbocrats or who are starting to think about voting for them. Can't say a NYer didn't warn you.
Rich people will always protect their assets...that is why they have them. If I felt the US govt could spend the money better than I could, then i would not mind giving it to them, but I am 37 and i have seen these politicians screw off our $$ and create the huge mess we are in now. All I know the more the govt does the more s$%t they get us into....they all involved in the Military and we got WARS and we involved in every countries ****, involved in education and we are not even graduating half of the inner city kids and their student aid crap has kids going to college f%^ked financially, involved in guaranteeing private mortgages which was the main catalyst for this housing fiasco, involved in health care and we know how that is going and we going even deeper in, involved in fixing social issues through the welfare state and we are just getting worse and worse each year, involved in business and capitalism and we losing jobs/economy and crimes and bad business practices still going on (Even bailing these people out)...ugh I can go on and on...see my point? I know Libertarians scare people but we need to get the Federal govt out of a bunch of sh$%^t in our lives to fix anything. Sorry, I gave up my faith in politicans long ago...
Tax rates at 83%? 98%?
That's just insanity, outright theft, and disgusting.
I wouldn't feel the least bit sad if politicians who tried to instigate tax rates like that were assassinated. There is no need for useless leaches like that.
The revolutionary war was largely because of taxes less than 10%. It was treason at the time. But today I think we all accept that it was worth it. Future history books would cast the killers of these political thieves as heroes.
The smart money is not in this little blip since the election they are pulling out what little they had in. They realize we are looking at interest rates soaring and at best sideways economy for years due to the huge amount of cash the government is going to start sucking out of the free economy this fall. This run up is totally the little guys buy with their year end 401K contributions through their mutual funds. Mutual funds the gift that keeps taking and they will again when the market backs up to 10000 in 15 months.
Demo or Repub they have all failed us please lets change over these bloated politicians and their need for only caring about themselves.
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