On 6/15/2010 4:50 AM, Ed Huntress wrote:
"Lloyd E. Sponenburgh"lloydspinsidemindspring.com wrote in message
.70...
"Ed fired this volley in
:

When did we start taxing capital or savings in the US, Dan? Some
states have asset taxes on business property, but there are no federal
taxes on either capital or savings -- only on income. And if people
object to the asset taxes, they can move to another state. There's no
need to move overseas to avoid that.



Ed, you need to read Atlas Shrugged (maybe again).

Re-read John Galt's radio broadcast.

LLoyd

Thanks, Lloyd. Yes, I read it.

It would be interesting to see what Ayn Rand would have to say about
offshoring and the race to the bottom against 80-cent wages. For that
matter, I'd like to see what Milton Friedman would have to say about it.
They couldn't deny the facts forever.


I wouldn't be too sure about that. Denial is unbelievable in some folks.
And you probably need to brush up on the terrific benefits that can be
obtained by adopting libertarian principles. Don't you know, it's not
just for oddballs anymore. Deregulating business, markets, and
everything to the level of virtual anarchy will be really good for the
country. Who needs laws? Everything will be better if we let everyone
self regulate. I mean, look at the positive benefits we got by not
enforcing regulations on financial institutions and on oil companies.
God knows how much better off we all will be if we do the same thing
across the board. But you know, there is a reason why libertarianism
attracts only a very small minority of people. You have to be nuts to be
one!

Hawke