Basil Venitis asserts that 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. For each percent of lower taxes, the economy grows by at least four percent more. Smart stimulus is to cut taxes. Stupidus stimulus is to increase spending, which stimulates the cancer of socialism!
It's your venitist duty to avoid and evade taxes all the way! Venitis points out that tax competition between jurisdictions holds down the cancer of government, and all people experience more opportunities and more wealth. If businesses and individuals are discouraged from investing outside their own jurisdictions, they will simply choose to work less and take no major business risks. All antivenitist governments are corrupt, and without the last bastions of freedom, aka taxhavens, enforcing financial privacy, citizens would have no place to protect their financial assets from kleptocrats, kidnappers, extortionists, blackmailers, and thugs. Evade taxes now as much as you can!
You get itemized bills from your doctor, your car mechanic and your cell-phone provider. Why not from the federal government? Washington will spend $33,880 per household in 2009, the highest level in American history (adjusted for inflation), and nearly $8,000 per household more than last year. The federal government will collect $18,277 per household in taxes. The remaining $15,603 represents this year's staggering budget deficit per household, which, along with all prior government debt, will be dumped in the laps of our children.
Venitis points out The current American income tax system was inaugurated in 1913 with the adoption of the 16th Amendment. It began with a 1% tax on taxable income above $3,000. The maximum rate was 7% on taxable income over $500,000. Less than 0.5 percent of the population ended up paying income tax. During World War II, the tax rate for those in the highest income bracket reached an astounding 94 percent. New Obama taxes will bring a lot of misery.
The rosy apocalypse of Obama is an artifact of both antivenitist naïvete and socialistic cynicism. Obama genuinely believed, against all venitist economics, that government spending would boost us out of the recession. And he knew it had to assume an unrealistically rapid, robust economic recovery, because otherwise the already-horrid deficit projections would look worse. So Obama hoodwinked up the crisis to get the stimulus passed, and after that he dreamed of happy days again! This fiasco stimulus was touted as timely and targeted! Confronted by the failur of stupidus stimulus, its advocates have a predictable solution, a new stupidus stimulus. Since the worthiest projects were presumably already covered in the first stupidus stimulus, a second stupidus stimulus would have to fund even more marginal priorities, and it would get into the economy even later. In other words, it would replicate rather than rectify the failures of the first stimulus.
Obama famously told Joe the Plumber Wurzelbacher when you spread the wealth around, it's good for everybody. Joe the Plumber, who came to symbolize taxpayer frustration, sounds even angrier now at what he sees as excessive government spending on the economy and healthcare reform. They will be government-funded busybodies paid to monitor the personal behavior of a once-proud and free people who surrendered an irretrievable measure of their liberty to a government-run health-care system spawned by the redistributionist vision of Barack Obama and his allies in the Congress. Joe declares that kleptocrats are squandering trillions of dollars and euros of our money. When are taxpayers are going to stand up and say enough is enough? Joe now attends global tax revolt parties, held by venitists to protest against economic policies they dislike.
Venitist Brian Riedl points out Washington will spend this $33,880 per household as follows:
* Social Security/Medicare: $9,418. The 15.3 percent payroll tax, split evenly between the employer and employee, covers most of these costs. This system can remain sustainable only if there are enough workers to support all retirees, which is why it risks collapsing under the weight of 77 million retiring baby boomers. If nothing is done, taxes eventually will need to rise by $12,000 per household (adjusted for both inflation and rising incomes) to pay all promised benefits.
* Financial Bailouts: $6,328. Most of this $746 billion tab comes from the Troubled Assets Relief Program (TARP), which President Obama wants to double in size. In addition, $100 billion will bail out Fannie Mae and Freddie Mac, and $100 billion will be spent by the Federal Deposit Insurance Corporation (FDIC) to guarantee bank deposits at failing banks.
* Defense: $5,850. The defense budget covers everything from military paychecks to operations in Iraq and Afghanistan to the research, development and acquisition of new technologies and equipment. Lawmakers drastically reduced defense spending following the collapse of communism in the early 1990s. The 9/11 attacks reversed this trend, and the inflation-adjusted $2,332 per household increase since 2001 has returned defense spending closer to its historical levels (but still lower than during previous wars).
* Antipoverty programs: $4,745. Nearly half of this spending subsidizes state Medicaid programs that provide health services to poor families. Other low-income spending includes: Temporary Assistance for Needy Families(TANF)
* Interest on the federal debt: $1,210. The federal government is $12.9 trillion in debt. It owes $8.5 trillion to public bond owners, and the rest to other federal agencies (mostly to repay the Social Security trust fund, which lawmakers raid annually). Record-low interest rates have recently held down these costs. However, an avalanche of new debt and higher interest rates are set to quadruple annual net interest costs by 2019.
* Federal employee retirement benefits: $982. This spending funds the retirement and disability benefits of federal employees, including the military.
* Unemployment benefits: $902. Unemployment costs have doubled this year due to the recession.
* Veterans' benefits: $819. The federal government provides income and health benefits to war veterans. Spending is up 58 percent since 2001.
* Health research/regulation
* Highways/mass transit: $529. Most highway and mass-transit spending is financed by the 18.4 cent per-gallon federal gas tax. Washington subtracts an administrative cost and sends this money back to the states with numerous strings attached. Some economists suggest it would be more efficient to let states collect this tax and decide how to spend the money themselves.
* Justice administration: $452. Justice spending includes federal attorneys and prisons, as well as law-enforcement grant programs. New homeland security costs have added $100 per household to justice spending.
* Education: $415. Education spending is primarily a state and local function; 9 percent of the total comes from Washington. Between 2001 and 2010, federal education spending will have doubled. Most federal dollars are spent on low-income school districts, special education and college student financial aid.
Riedl notes the programs listed above cover $32,349 per household. The remaining $1,531 is allocated to all other federal programs, including natural resources, the environment, international affairs, regional development, farm subsidies, social services, space exploration, air transportation and energy.
But you haven't seen anything yet! Obama plans to introduce a federal VAT! VAT is a destruction power of myriad watts. VAT is the main culprit of the European financial meltdown. The European taxation is based on the VAT monstrosity against poor people! The most unfair tax is VAT, the calamity of EU; that's why Vatbuster Basil Venitis urges all Europeans to evade this tax of misery as much as possible! Europeans are yoked with a 15-25% VAT, value added tax. In Canada, VAT is only 5%. The burden of VAT falls on final consumers of products.
VAT is a regressive tax; the poor pay higher percentage of their income. Revenues from VAT are much lower than expected, because they are difficult and costly to administer and collect. Since any double-digit VAT leads many venitists to underground economy, most vatstruck Europeans evade VAT! As a matter of fact, if you are a real patriot, you should boycott shops that charge VAT! VAT is the cacothanasia of EU!
Venitis asserts that VAT and kleptocracy are two good reasons to get out of the Eldorado of Underworld(EU) now. Vatstruck Europeans are looking for a Moses to liberate them from the yoke of Brussels. They have to do it now, before a new imposed treaty between Eurokleptocrats tie their hands forever. Californians and Texans want to get out of USA, but Uncle Sam does not allow it. The same thing might happen with Britons and Greeks. Infinite infinitesimal amendments to treaties might accumulate over time, leading to huge changes of original intent, enslaving all Europeans to antivenitist Brussels forever!
Vatmonger Eurokleptocrats declare that EU aid to Third World is a manifestation of EU benevolence! To whom vatbuster Basil Venitis replies: It's not yours to give! Antivenitist Eurokleptocrats cannot understand how much it hurts when a poor vatstruck Greek mother who cannot pay the rent and feed her children learns that the VAT money she pays goes to motherfucker cacodemon kleptocrats of Third World! Arafat's widow inherited two billion euros; that's EU aid money Yasser Arafat stole from the Palestinian people! Most EU aid money finds its way to the secret offshore accounts of kleptocrats and the laps of terrorists. This is Euromalevolence, pure and simple!
Riedl muses that taxpayers, and the next generation that will be paying nearly half of the bill, must decide for themselves if they're getting their money's worth. The most efficient political system is venitism, where everything is private, there are no taxes at all, there is no parliament, and a powerless infinitesimal government is chosen and supported not by hoi polloi, but by the most generous benefactors. For the latest scoop, follow Venitis on Twitter.
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