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Posts Tagged ‘Taxation’

Only when the tide goes out do you discover who’s been swimming naked.
    —    Warren Buffett
[For most of the last 60 years, all we’ve heard from the Republicans is:  “Lower taxes on the rich and require everyone to work for their social safety net “benefits” and America will be a “better” place.”  How’s that worked out for the middle and working class American?    —    kmab]
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It was recognized that free trade in goods, though to be continued, was likely to be much less important to rich countries in the future than freedom for international and transnational telecommunications.  Now that factories (except in low wage areas) were bound to become more and more automated, people in the rich northern one-third of the world would mostly be in white collar jobs where they would be working with their imaginations rather than their hands.  But people in such jobs would not necessarily need to live near their workplaces.  What should be the nationality and tax position of a Belgian dress designer who lives in Monte Carlo and St Moritz in the winter, at Stratford-on-Avon in the spring, and Corfu in the summer, and does his work by daily telecommunication through a portable console to colleagues and computers at the largely automated textile factory at Volgograd where he works – who becomes, in fact, a telecommuter?
    —     General Sir John Hackett (et al)
From: “The Third World War: August 1985
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Let me explain why I like to pay taxes for schools even though I don’t personally have a kid in school:  I don’t like living in a country with a bunch of stupid people.
    —   John Green
[Actually, I prefer the term “uneducated people”, but I guess being uneducated can lead to unwitting stupidity.   —   kmab]
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The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities;  that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
     —    Adam Smith
From his book:  “The Wealth of Nations“, 1775
[From each according to his ability sounds suspiciously like Communism to me.  Obviously, Adam Smith would know nothing about capitalism or taxation cause he was “only” one of the pioneers of political economics.  Just saying…    —    kmab]
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