"ENOUGH WITH THE TAXATION!By Neal Boortz
@ July 15, 2010 8:56 AM
"Taxes have consequences. Liberals only see taxes as a wonderfully easy way to seize wealth so that they can work their redistribution schemes. For some reason - abject ignorance might be an explanation - liberals just can't see how tax policy might affect people's behavior. This takes us back to that article I shared with you several weeks ago. Some researchers quizzed liberals, conservatives, libertarians and progressives on their economic knowledge. It came as no surprise to Boortz listeners that the further you were to the left, the less you knew about basic economics. By the time you identified yourself as a "progressive" you occupied the position of economic idiot. It's no surprise then that liberals just cannot grasp the concept that if you start to punish small businesses with regulations and taxes these small business owners are going to change their behavior .. and that behavioral change may well include the decision to stockpile wealth instead of sticking your neck out in an expansion effort that might cause you to hire more workers. You might even start firing permanent staff and look to temporary staffing agencies to replace employees.
It's not just businesses that change behavior, individuals do as well; especially the evil and disgusting rich people whom the liberals just LOVE to nail with more taxes. They (politicians) will do anything to get their hands on money that somebody else earned. The problem is that they're just not bright enough to realize that these evil achievers will eventually comes a point where they throw up their hands and say "enough already." That is exactly what is happening in Great Britain.
Remember Usain Bolt? Fastest guy in the world? He won a bunch of track medals at the last Olympics. So this organization in London wanted to set up a race between the fastest guys in the world, including Bolt. Usain Bolt declined. Why? Taxes. Since April of this year, Britain has new tax laws in place that would tax foreign sports stars competing in Britain at a rate of 50% on their earning in Britain. On top of that, athletes are taxed on their global endorsement income. For example, "If Bolt races 10 times in a year with just one event in the UK, the taxman would claim 10 per cent of his multi-million dollar earnings." Presumably this event - this race - would generate income for several British concerns. It won't happen though. The government simply wants too much of the take.
Golf is also having a hard time attracting top athletes to its tournaments. According to the Telegraph of London, "The European Tour will tell the Government that the tax measures disproportionately affect overseas golfers and are a major reason why UK tournaments, including the Welsh Open played over the Celtic Manor course that will host the Ryder Cup, attract fewer overseas stars."
It seems worldwide. There is no limit to government's desire to confiscate the wealth produced by private labor. Governments now look at private property as nothing more than sources of tax revenue. That's why government feels it is proper and appropriate to seize property from one party and transfer it to another if there are additional property taxes to be garnered through the move. Ditto for individuals. We now exist - we now work - for the sole purpose of generating revenue that the political class can use to buy votes. They'll allow us to retain just enough to keep us from sliding into open revolt.
Hopefully more Americans are waking up to this nonsense."