<Think of available competition for example due to income tax advantages.>
The income tax is the last remnant of feudalism. The income tax is simply the ultimate insult and injury to individual freedom and liberty. The income tax claims bluntly that YOU are NOT the rightful owner of the results of your own efforts.
Somebody else has a higher and superior right to the results of your efforts. If you do not pay them what they demand, they will send men with arms to expropriate the property you have. If you resist in any way, your penalties will be severely aggravated.
Our present serfdom cannot be altered in the absence of real political solutions. But being in a state of peonage is still under our own individual control. To escape peonage is easy, don't be enticed into debts. The key central economic principle here is, that any investments must work FOR you. A viable investment, like a viable business, is one where the income is sufficient to pay for ALL the expenses (including upkeep, rates, taxes, repair, etc in the case of property). In the case of extreme indebtedness, which is peonage, this can NEVER be guaranteed, since the cost of servicing and repaying the debt cannot be known with certainty in a world of fiat currency and fluctuating interest rates.
To be out of debt today is the closest one can come to individual economic freedom, serfdom is unavoidable as long as income taxes remain. |
