Posted on 03/14/2009 8:29:20 AM PDT by Sorry screen name in use
China’s secret weapon:
Three years ago China quietly released their secret weapon on the world. Until this point this "secret weapon" was only used internally with the Chinese people. When it proved to be so valuable the communist government could not resist offering it to the world. China is not the only country that uses this. Hong Kong has used it for years and so do Indonesia, Singapore, Sri Lanka and The Philippines. So… apparently, this is not as secret as we think. In fact if you go to the Organization for Economic Cooperation and Development in France you will find all the details on which countries have it and which ones don’t. The United States does not have it.
(Excerpt) Read more at presidingovertheusurpedstates.blogspot.com ...
mooshoe pork kills me
And the secret weapon is ... zero capital gains tax.
Who are we kidding? We have been deceiving ourselves for a long time in saying “this is the best country in the world.” I submit it is OK but it may not be the best. We have accepted continuous compromise to wrap ourselves in mediocrity.
Ah yes, capital gains. You get the opportunity to risk tens of thousands for the opportunity to make thousands which are taxed (the government stands around waiting to see if you win and then like vultures swoop in to steal a portion of the gain) or lose a lot or all while the vultures walk away. Somehow this appears one-sided, does it to any of you?
I ran into an Ex-American in Norway a few years back, 15 years back as a matter of fact, he ran a successful small business there and had married a Norwegian and given up his US citizenship. I asked him about taxes and why he would do that....the answer...better value, a government supportive of his business and NEARLY EQUAL total taxes for which he actually got something of value. Then I would have debated his premise, now I will not. And yes, I do realize that Norway is built on oil wealth and that it has a small population. I also realize that for such a small population they have an incredibly disproportionate number of very good engineers and other professionals. There is a reason for that but political correctness forbids me from saying it here. Let’s just say there is no need for affirmative action there.
AMEN! Working there for several years was a very rewarding experience and one to be treasured! The Coed Saunas were very enjoyable as well and the Norwegian people are Wonderful!
I believe America will continue to disintegrate until the people take the government back into their own hands. We cannot continue to fund the ridiculous and unconstitutional spending habits of our filthy politicians. Their greed will never be satisfied even after they control every dollar we earn. We will either bring the government back to the size the Founding Fathers intended or it will smother us to death. It may already be too late now that we have communist lowlifes in charge of everything.
I believe that Russia also has no cap gains tax, and a flat tax to boot. Even backward places like Venezuela have flat taxes and simple tax codes.
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