Invest in certain infastrucure companies or ETFs
Invest in Trail Lawyers Companies
Stop paying your mortgage.
thanks for posting!
Why not?
And in so doing you screw up your credit rating.
Before last summer I was getting at least 2 credit card offers a week. Lately there have been zero. Thats fine. I have no credit cards and want none.
A concern I have is how credit ratings are used to manipulate people. A lot of good people, through no circumstances of their own making, will lose homes and autos due to unemployment and loss of income. Bad credit is like a ball and chain, keeping good people who regain employment from having anything meaningful, including a voice for decades. Don’t try to run for public office with a bad credit rating. You will be crucified as irresponsible.
Even though the government you try to join has a far greater magnitude of irresponsibility.
If there is a job sector that will undoubtedly grow, will be the collections agencys. There will be a lot of openings for top notch a-hole pro’s scavenging from honest people’s misfortunes.
But i do like the idea in principal of paying taxes on credit cards and defaulting. Serves em right.
If you default on your credit card, you can declare bankruptcy. The bankruptcy laws have changed so that it is not so easy to discharge your debts in bankruptcy. I doubt that you would be able to discharge a tax debt in bankruptcy even if the tax debt was charged on a credit card.
I have been thinking about more creative ways to starve the beast through tax avoidance and tax payment delays. Given the current trends, many will simply react to the negative incentives by conservative investing especially through tax free bonds, working less, and spending less. These activities on a large scale are certain to starve the beast. Others will move assets and engage in the underground economy to avoid confiscatory taxation. I think we need a new national sport of tax avoidance. In Europe and Italy especially, tax avoidance has been a national sport for many years. It seems that we need to bring the same spirit here to protest and fight the violation of our private property rights that the rats will unleash on us.
Maybe "Steal This Book" by Abbie Hoffman should go into reprint.
Somehow this is reminiscent of the 60's....where the potheads sat around getting stoned and figuring ways to "bring down tha man". We had one of those in office already.... when Clinton took the stage. Now we have the coke-head.
While you could certainly use some of these tactics to get "tha man"... you ultimately mess yourself up and help tank the economy at an accelerated rate.....
We just need to polish the pitch-forks and soak the torches..... :)
Sounds like a 100% tax cut to me. That would stimulate the economy more than this so-called stimulus bill.
What an astounding coincidence!
I wrote a vanity on the Stimulus bill this morning...
Cheers!
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I need to get in on this. I'm too big to fail.