More Than Half Of Prince’s Vast Estate Will Go To Taxes

All that work. All that wealth. Half will go to the government. That is a crying shame.

Was that a dove I just heard?

(From Buzzfeed News)

Without a will or any financial planning, experts say more than half of Prince’s vast estate will go to state and federal taxes.

Before Prince’s death, his estate — which includes property, music royalties, and other ventures — was widely estimated to be at least $100 million.

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How police took $53,000 from a Christian band, an orphanage and a church

Last week we reported that Nebraska had outlawed “civil forfeiture” without a conviction. The police can no longer just take your stuff in that state. Unfortunately we also had to note that there were still 41 other states in which civil forfeiture was legal. Oklahoma is one of these states.

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Illinois has 7,499 teachers getting a $100,000+ PENSION, No wonder the state is crumbling

My family is full of teachers. I respect teachers. I value what they do. But let’s get real here. This – as my old buddy might say – is “a straight up jack move” from the unions. This is theft from the taxpayers. Sorry. I know your union “negotiated” the pensions with politicians which got money from your union but it is just stealing with the veneer of bureaucratic legitimacy. You know it. We know it.

The median household income (total) in Illinois is $54,916.

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45% of Americans pay no federal income tax

Meet Loot and Extortion.

Many people even actually get tax credits, that is money in their pockets from the money extracted from taxpayers by the IRS.

I have little problem with people not being legally obligated to pay taxes. Taxes should have minimal impact on people’s lives. The smaller the tax bill the better for everyone.

But some of us must pay taxes. Many of us who fall into this camp are by no means rich,

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April 5 is yet another “day that will live in infamy.” (The day FDR started confiscating – some prefer the word “stealing” – citizen gold)

(The was a post on Facebook from Lawrence Reed at FEE)

April 5 is yet another “day that will live in infamy.” On this date in 1933, Franklin Roosevelt signed Executive Order 6102, which criminalized the possession of monetary gold. Americans were ordered to hand over their gold coin and bullion to the government in less than a month (by May 1) under penalty of $10,000 fine and/or up to 10 years in prison, so that the government could more easily inflate the money supply.

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Rahm to seize one of Chicago’s largest buildings for private gain

“I don’t think this would happen anywhere else in the world. If they use eminent domain in that way, it would mean they could choose any building in the city and just say, ‘We can take that property and pay what we want to pay,’ ” said Martin Mulryan, Davies’ project manager.

Maybe Rahm Emanuel learned something about seizing private property during his recent vacation to Cuba.

Just another day in the Windy City,

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Why Governments Are Coming For Your Cash

We covered the emergence of the anti-cash chorus earlier this year HERE. But we failed to ask one very important question in that piece.

How are all those rappers going to “make it rain” when they’re out on the town in a cashless society? Dollar dollar bill y’all!

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Civil forfeiture school for cops this August, $590 to learn everything a cop needs to to take people’s stuff

Civil forfeiture – policing for profit, official highway robbery, highway robbery by officials, whatever. It’s when the cops take your car, your money, your boat, and keep it, even if you are not convicted (or often charged) with a crime.

And you (if you are a police officer) can now attend a weekend convention where you too can learn the ins and outs of this horrible practice.

“If in doubt, take it.”

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‘The Government that Robs Peter to Pay Paul Will Always Have the Support of Paul’

This is one of the great axioms of government. It is the reason why, no matter how bad, how complex, how dishonest, how generally damaging a government program is there are some (the Pauls) who will defend the program to the end. The “Pauls” are getting paid. (With someone else’s money.) They will say the sky is red. They will insist that water flows uphill. That, like in Orwell’s 1984  2+2=5.

Obamacare is of course a colossal case in point.

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