A Leftist Lets It Slip: All Your Money Belongs To Government

I almost didn’t post this headline because the term “leftist” is used in a pejorative sense. That is not terribly constructive.

But the article itself is important. The author reports on a statement made by the new UK Labour Party’s economic flag bearer who said that the money one earns isn’t actually one’s money. You don’t actually pay taxes so much as give the government back its property. Essentially he is saying that your ability to feed and clothe your family,

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Vox writer calls American Revolution ‘a monumental mistake’

Look, there are a whole lot of people who want to be ruled. They crave it. They want to be managed. They need to be told what to do. And by God they want others to live under the same yoke.

What kind of pathetic person makes the case for colonial domination, and then tries to couch such an argument in “progressive” terms? A particularly gutless fellow I’d say.

Someone who would prefer to be a subject,

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In perhaps an “unprecedented” move UK joins Chinese rival to World Bank as a founding member

This is a big deal and reflects the profound lack of confidence the world has with the current global banking regime. That Britain would do this, in spite of our general objection, is very significant.

As we have said in the past, an important thing to watch for is the moment the dollar is no longer the “world reserve currency.” When that happens the game fundamentally changes. We can’t print forever any longer and the reality of the market hits.

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WhatsApp and iMessage could be banned under new surveillance plans (We must give up more of our liberty because of terrorists)

Another terrorist attack and another liberty grab by politicians. It’s like clockwork. Some tragedy happens and some busybody uses it as an opportunity to take yet more freedom from everyday people.

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IRS comes after potential future UK Prime Minister for sale of house in England

The IRS has gone after Boris Johnson, current London mayor and potentially the next prime minister of the United Kingdom, because Mr. Johnson sold his house for a profit and because Mr. Johnson holds a US passport. He was born in the US (he left when he was 5) so naturally the Internal Revenue Service feels that by virtue of this it is owed some of Johnson’s money. Under the law as it stands the IRS has a case, if an immoral one.

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Pfizer to leave the US because of high tax rates, Makes a huge part of its money from tax funded government programs

Soon to be London?

The big pharmaceutical companies have done very well in the crony department over the last decade. Medicare Part D was a giant gift to pharma, then the “donut hole” fill of Part D in 2010 meant even more money for the drug companies. Big Pharma in many respects is a government contractor. A quarter of its revenue comes from Medicare, Medicaid, and various other government programs. But now one of the giants is leaving for England lured by lower tax rates.

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“British Tea Party” UKIP could beat out the Conservatives, Labour, and the Lib Dems in EU elections

“I’m not for laws. We need a minimum of laws. I hate big government, I hate being told what to do on a personal basis.” – Nigel Farage *

Nigel Farage has lead a deeply important political surge in the United Kingdom over the last few years. His rants from the floor of the European Parliament have become legendary.

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