There are only two things that are certain in this life, Death, and Taxes - or so would Benjamin Franklin say and Mark Twain reinforce.
Today's post is all about the absurdity of the piles of taxes we have to pay in tribute to our overlords so they can plan where to spend our money to our best... cof cof ... interest.
First of all, if you want to survive you must start by working and earning wages... those wages are taxed, of course.
Both you and your employer will pay taxes on the work you do, so much so that you are working a crazy amount of time just so you can pay them, and you only get a fraction of what your employer pays for you.
So, you got taxed on your wages but your employer had to pay a lot of stuff just to have you working too, and this made it so he has to pay you less so it affects you in more ways than one.
Now that you were taxed and got your money, you're free to spend it however you want it right?
You see, whenever you buy something with that already taxed money, you need to pay taxes on it.
So, you will need to pay taxes on what you buy... the company which sells you the product will also pay taxes on the gains generated by that sale, so again the money is taxed twice.
It was taxed when you earned it, which your employer and yourself had to pay... and now it gets taxed on your purchase, where both you and the company need to pay taxes on it.
You are paying the sales tax, of course, else you would be arrested or heavily fined.
Now, if you have been rolling those calendar days, it comes a time in which you need to fill in and pay your income tax.
Your money was already taxed when you earned it, but now you get to tax the total number you got has income throughout the period after the last time you paid your income tax.
It is now time to fork over more money, on capital that was already taxed to the ground, taking away most of the value and siphoning it to the state so it can manage it properly - we all know the State manages your money way better than you.
So, through smart decisions, you managed to get some money to spare and you're thinking about investing in order to start earning more?
That's the way to think!
Just bear in mind that you'll have to pay taxes on the capital gains your money already taxed countless times generates.
You are now buying assets that can potentially better your life and reward you for the good decisions you've been making... we don't want that!
Pay up, sonny!
Some years after you first start investing, you're getting a bit more comfortable, and your net worth has increased.
But wait, you now have gone up a few tiers.
That means the state needs to ramp up those tax %s a bit!
You need to pay for those who didn't save enough to invest or that don't like working.
Don't be a selfish pig, support those with less!
More taxes going your way!
As you can see, there are a lot of taxes on top of taxes for money that was already taxed and resulted from the remains of already taxed cash.
But... what about the other certain thing?
You had a good run, but you died!
Now it is time for your kids to reap the rewards of your good decisions... to maybe have a better start in life than you had.
Except they are going to have to pay heavy taxes on whatever you have left!
The state will, of course, manage your money with your kids' interest in mind and will, of course, improve the quality of life in the country... you can rest assured those politicians are noble-hearted and will do their utmost to put your money to good use.
As you can see, Taxes crush the "many", and only the "few" (the agents of Statism) plan for everyone... of course having THEIR best interests at heart.
But it's not only that.
Those who put more value into the market and those that make the smarter decisions and push economies, technologies and life forward are those who pay less.
Those who do all of the bad decisions, don't work, don't add value and do nothing for the others sometimes are exempt and even receive.
Of course, the guys on the top, those who do the taxing, get the most - together with the banksters who support them of course.
What a lovely world!