[Homestead] a financial article

Clansgian at wmconnect.com Clansgian at wmconnect.com
Mon Feb 2 08:21:31 EST 2009



> >That is just plain scary that some supposed financial wizzard, some 
> economist doesn't know or understand what payroll taxes include.

And scary as well that people don't realize that even if someone is so far 
below the "poverty" level that they do not pay income taxes, they still pay the 
majority of all the taxes paid anyway.  It is impossible for a corporation to 
pay income taxes because any money the corp pays is added to the goods and 
services it sells.  The buyer and consumer ultimately pays the tax.  When you go 
to buy that roll of fence wire or pair of boots (if they are new), you are 
paying at least 27% of the cost as income tax ... someone's income tax.  You 
don't necessarily report it on the 1040 and write the IRS a check, but you pay it 
none the less.

That is why I preach the morality of the direct use economy.  When discussing 
the concept, there is always someone whose soul is completely sold to the 
dark side, who thinks money is God and God is money, who swaggers about saying, 
"*I* pay income tax.  You are a parasite on society because it is *I* who pay 
the taxes that support the services you use."  But who is it who pays the money 
with which you pay those taxes?  It is the poor consumer, the ultimate source 
of all the tax money ever collected through history.    Fat swaggering 
economic parasites don't produce anything of benefit to the folk, they are simply a 
valve or filter wherethrough flows the money generated by the masses.  

The only way to break this cycle is the direct use economy.  When you eat the 
cabbage out ouf your garden rather than buy one, you are denying some fat 
parasite somewhere the prerogative of fondling the money before it goes to the 
person who produced the cabbage and thus denying the government's ability to tax 
it.

James


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