Market Talk – July 26, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 202.10 points or -0.53% to 37,667.41 Shanghai increased 4.16 points or 0.14% to 2,890.90 Hang [...]
How the Hunt for Taxes will Destroy Everything
It really is very astonishing how brain-dead politicians are. The latest stats are showing that residents are increasingly fleeing New York, Los Angeles, and Chicago. The perpetually rising taxes are just getting insane. We just received this notice ourselves about taxes due in California. Apparently, they must have subpoenaed Amazon to see who has merchandise they are storing in California. First of all, we have no idea where Amazon stores what it sells of our products or to whom. You pay Amazon – not us. To claim that since Amazon is storing something of ours in California means we are now doing business in California is completely nuts. They collect the taxes and ship whatever someone purchases – not us!
If every state acts in this manner, quite honestly it is time to just close the doors. What is next? They will want income taxes on anything we sell in California on a per item basis? The accounting will cost more than the tax we collect or have to pay.
This is a sure fire way to destroy the economy all because those in governments are incapable of managing even a bubblegum machine. The hunt for taxes will destroy everything.
Latest Posts
It’s a Recession Not a Depression
The government insists that the economy is fine, thriving perhaps, and has asked the public to pay no mind to their current financial situation. No one, aside from those living [...]
China turns Neutral?
Ukraine Foreign Minister Dmytro Kuleba and Chinese counterpart Wang Yi in Guangzhou met to discuss China’s position on the Russia-Ukraine war. China stated it is “willing to play a constructive [...]
Never Trust the Secret Service since Elite Bodyguards have a History of Assassinating Heads of State?
I have reported how President Richard Nixon had threatened the head of the CIA, saying: “I know who killed JFK.” When he was driven out of office, Nixon refused the [...]
