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Home Economics

Dialectic of a Universal Transaction Tax

by John
01/11/2012
in Economics, Liberty News
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EU transaction tax ‘in law by year end’ … The European Union is set to move ahead with plans for a financial transaction tax despite British opposition, with a senior French politician saying the new levy will be in place by the end of year. Britain and Sweden are alone among the EU’s 27 member countries in opposing the tax. Jean Leonetti, France’s minister for European affairs, yesterday gave the clearest indication yet that the tax will be brought into law, saying the French and German governments were agreed that it should be implemented. – UK Telegraph

Dominant Social Theme: This is necessary because the banksters are thieves and should pay for their crimes.

Free-Market Analysis: The powers-that-be are pushing a transaction tax once again. For those who want to rule the world, a transaction tax is ideal. Everyone from the largest to the smallest would likely be under an affirmative obligation to keep some sort of log of trades and transactions.

This follows as surely as night follows day. Either a log would be kept for them or they would keep a log. Either way, the record-keeping would be compulsory. In the beginning perhaps the records would be anonymous. But the idea will be to keep records: painstaking records.

 

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Tags: taxTransaction TaxUniversal Transaction Tax
John

John

"I noticed that by the time they returned to their cabins there was a change in their feelings. The great responsibility of being free, of having charge of themselves, of having to think and plan for themselves and their children, seemed to take possession of them. It was very much like suddenly turning a youth of ten or twelve years out into the world to provide for himself. In a few hours the great questions with which the AngloSaxon race had been grappling for centuries had been thrown upon these people to be solved. These were the questions of a home, a living, the rearing of children, education, citizenship, and the establishment and support of churches. Was it any wonder that within a few hours the wild rejoicing ceased and a feeling of deep gloom seemed to pervade the slave quarters? To some it seemed that, now that they were in actual possession of it, freedom was a more serious thing than they had expected to find it. Some of the slaves were seventy or eighty years old; their best days were gone. They had no strength with which to earn a living in a strange place and among strange people, even if they had been sure where to find a new place of abode. To this class the problem seemed especially hard. Besides, deep down in their hearts there was a strange and peculiar attachment to "old Master" and "old Missus," and to their children, which they found it hard to think of breaking off. With these they had spent in some cases nearly a half century, and it was no light thing to think of parting. Gradually, one by one, stealthily at first, the older slaves began to wander from the slave quarters back to the "big house" to have a whispered conversation with their former owners as to the future. "

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