Andy note: "Blast from the past - Best of Eddie" - This one is originally from April 2010 . If there's an old post from Eddie you'd like to see up again shoot me a message.
I've often wondered why there's no unrestricted free agency for taxpayers. You know, like an athlete fulfills his contract and then becomes an unrestricted free agent and is free to sign with the highest bidder, or the team he feels will be the best fit. Why can't a tax payer, after paying into the system a certain number of years or reaching a certain threshold of taxes paid, sign with a lower-tax jurisdiction or the country he thinks will be a better fit?
Think about it. The only people the notion would appeal to are the top earners, so there would be competition on the part of other countries to attract that kind of "talent" with the promise of lower taxes, better climate, etc... American corporations (since they've all but abandoned manufacturing) enjoy this freedom. Steve Ballmer of Microsoft even went so far as to say that if the IRS messed around with corporate taxation (specifically, an American corporation's ability to book profits in low-tax international jurisdictions but write off losses against highly-taxed American earnings) that the company could close down and re-open the next week in another country.
Doesn't it seem fair that individual tax payers should be afforded the same opportunity? I'm making this point because some truly frightening things have come out on the taxation front this week.
Depending upon whom you believe, the new health care reform bill calls for the addition of somewhere in the neighborhood of 16,000 new IRS agents. These guys will be there primarily to enforce fines and penalties. Whether you are for or against the bill (and I'd rather this not devolve into a healthcare debate), I'm sure we can all agree that more IRS agents - FOR ANY REASON - is a bad thing.
Next, I present you with this chilling video and the accompanying article (it's short; read it):
...continue to use new and enhanced techniques to bring people into the tax system...
If that doesn't make you shiver, I don't know what will. The last time someone in government was extolling the virtues of "new and enhanced techniques", it was that dickbag Cheney telling the world that we were suddenly okay with torture.
The bottom line is, these guys really believe that it's their money, even though you earned it. They're just letting you hold it for a while. But if you try to hide their money, well, they're gonna come down on you like a ton of bricks.
Finally, I wanted to point out something Paul Volcker said the other day. Don't shoot the messenger. Volcker is pretty much a straight shooter and is only saying what everyone knows in the back of their mind already. Taxes are going to be raised. And not just that, we should get ready for a European-style VAT here in the States. Not instead of our current system of taxation, but in addition to our current system of taxation.
The years of deficit spending, dipshit wars, bank bailouts and other corporate welfare, and a bevy of government giveaways have finally caught up with us, and it's time to pay the piper. And for individual tax payers, there will be no escape. The days of true wage slavery are fast approaching.
Somebody get my agent on the phone...