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FReepathon Day 59
Posted on 11/28/2012 5:08:32 PM PST by PilotDave
Almost two-thirds of the country’s million-pound earners disappeared from Britain after the introduction of the 50p top rate of tax, figures have disclosed.
(Excerpt) Read more at telegraph.co.uk ...
Taxman written by George Harrison
Revolver album by The Beatles
Great song and an even better album !!!
Is the Gov. Jerry Brown that you refer to the infamous “Moonbeam” Brown?
lol
they didn’t leave. They adjusted what they do to fall under the threshold.
Yes - Moonbeam Brown, Destroyer of States.
The so-called British Invasion of musicians was really just an Exodus of those who didn’t want to pay Labour’s confiscatory tax rates.
Who would have guessed that the Beatles were closet Tea Party conservatives, clinging to God and guns?
Easy problem to solve.
A wealthy native citizen who escapes taxation by becoming a citizen of another country, should have most of his wealth confiscated by the native country he is leaving as an exit fee.
It is called killing the Golden Goose.
Some destinations may get booming economies, if they are nice and if they offer tax avoidance and tax deferral methods.
The Caribbean Islands used to, the Channel Islands used to.
Why should the taxpayer -- who earned his wealth -- be held responsible and penalized for his government's greed?
This isn't a financial issue; it's a moral issue. A question of individual freedom vs statist greed.
Belize, Panama, and Channel Islands.
Thai Ping.
lol
you assume the rich aren’t smart enough to move their money out gradually over time undetected.
Raising taxes on the rich isn’t about more revenue, it about PUNISHING them for their success.
I favor one of two options, to resolve this mess.
Option 1: A tiny tax on every money movement, that expands the tax base to the widest participation possible, everybody pays, something on the order of .03 per transaction (any money movement), eliminating every other federal tax, including the income tax. So yes, 100 K of income, you pay maybe 3000 dollars per year. Without the need to file a return or worry about records and such, or having the IRS on your back.
Option 2: No federal taxes at all, and the government just prints the 3.7 Trillion they need to pay for the operation of the Federal Government, encompassed within the trillions needed for a liquid economy. With that our economy becomes tax free, and we have inflation, but the hit from inflation might not be as bad as the debt crisis we now have, if we can control spending and entitlements.
Our GDP is about 14.5 trillion dollars per year, if there are no federal taxes that might send our economy to say 20 trillion or more, which minimizes the inflationary element of the 3.7 million government FLOAT. The key factor is holding government down and cutting spending. If the economy does well, unemployment is 1%, then people will learn to live without government benefits.
With a no tax economy, the government essentially is taking a skim off the top of the economic activity of the country, sort of like the Godfather skimming off his Casino.
No taxes, brings in money from overseas, we become a giant Switzerland or Cayman Islands.
Added to that, we develop oil on government land to the max and this could also take our gas prices down to 1 dollar per gallon. That alone could offset the inflationary element of printing 3.7 trillion for the Federal Government operations.
Most excellent sarcasm!
>>Any Freepers in Guatemala or Thailand or Panama?
Thailand. Check out thaivisa.com. I suggest just lurk and research there for a while first until you figure out who is worth listening to. Mostly it’s a bunch of old farts with too much time on their hands, but there’s a handful of guys who are extremely knowledgeable and you can take their statements on visas, buying cars, etc., to the bank. One is Lopburi3. I don’t visit there anymore so don’t remember the others (also may have changed).
Any specific questions - fire away. I’ll respond as best I can.
it seems these idiots never get it. the wealthiest people are the ones who have the money to pack up and go somewhere else in the world.
Millionaires flee to avoid an additional 50 pence in taxes? Wow, those Brit millionaires are REALLY sensitive to their taxes.
We are interested in Chiang Mai and plan to visit again soon.We were thinking of renting first and have found out that most owners will not allow pets ( 2 small dogs coming with us).
I have been researching many sites-will look at the one you gave.
Where in Thailand are you?
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