City of Seattle Runs Out of Things to Tax – Now Wants to Impose Income Tax

The Seattle City Council has run out of things to tax so they have unanimously voted to impose an income tax upon the “rich”, and of course we all know that will eventually move to include everyone. The city claims it will raise $140 million and it will cost $10-13 million to set up, and you can bet that does not include pensions for the new employees. The slogan is “Time for the rich to pay their fair share.” Of course, what is fair? If someone does not use any public services, then paying incomes tax is still fair? Americans have to pay income taxes if they live overseas and use nothing. Fairness is never judged upon what someone uses from the government, but when other people want to rob those who have more then it is suddenly fair. To a homeless person, someone earning just $25,000 a year is rich. It is always relative.

Latest Posts

Market Talk – October 17, 2024

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 269.11 points or -0.69% to 38,911.19 • Shanghai decreased 33.56 points or -1.05% to 3,169.38 [...]
Read more

Poland Itching for a Fight With Russia

Polish General and Chief of Staff Andrzejczak Rajmund Tomasz  clearly seems to relish the thought of waging war against Russia for the sins of the Communists. He has said that [...]
Read more

Am I Ever Wrong?

QUESTION: Are you ever wrong? PSH ANSWER: Personally, we are all wrong on various things in life. To be a trader, you only learn from your mistakes – not your [...]
Read more

Ukraine the Origin of World War III

QUESTION #1: Why does the West hail Zelensky when I have family in Ukraine who see him as a traitor to Ukraine? Asking Turkmenistan to arrest Putin is asking them [...]
Read more