No Result
View All Result
  • Login
Friday, October 31, 2025
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Economy

People Flee Taxation | Armstrong Economics

by FeeOnlyNews.com
4 months ago
in Economy
Reading Time: 3 mins read
A A
0
People Flee Taxation | Armstrong Economics
Share on FacebookShare on TwitterShare on LInkedIn


 

I have written about how Rome fell, and just by mapping the population of Rome, you can see the fate of many current nations and states operating under poor fiscal policies – people sell and just leave. It is different this time because, under socialism, the government has become abusive. When it came to integration, they sought to implement it by sheer force.

You can’t legislate the poor into prosperity by legislating the wealthy out of prosperity. Jobs are created by the wealthy who become wealthy because of their innovative vision – i.e., Henry Ford, Bill Gates, Steve Jobs, and so on. Henry Ford’s vision created the auto industry. Bill Gates, in bringing DOS to life, created the personal computer industry, as did Steve Jobs. How much employment did just those three men create? Far more than government.

Government creates nothing to advance society or to increase GDP in any positive manner. It is a natural human response not to pay taxes and this is why taxes have been the number one reason for civil war and revolution. It is always resentful to pay taxes, whereas giving money to help someone is rewarding. Taxes tend to support politicians and their pensions. If they must sell some assets to take a government job, it is tax-free. Few leave government without growing their net worth far beyond what one could typically earn through income or investments.

The great welfare state has produced a large segment of fraud and kept many people down since they would rather be taken care of than work to take care of themselves. Even in prison, many people are sentenced to 10 or 20 years, and the first thing they do is commit a crime to get back in, where they do not have to pay taxes, and they are taken care of. You destroy people’s lives for such a long period for non-violent crimes, and then expect them to have a fulfilling life thereafter?

The Evolutionary Cycle of Civilization scaled

In the United States, we have witnessed a significant shift in the population since the COVID-19 pandemic. People are continuing to flee authoritarian states with high taxes like California, New Jersey, and New York in favor of financially friendly states like Arizona, Texas, and Florida.

New Zealand once had a program where if a woman was pregnant and she had no idea who the father was, the government provided everything right down to a free home. They ended up with the highest percentage of women who had no idea who the father of their child was. Naturally, they did know the identity of the biological father, and he would jump out the back window when the social worker visited. They got everything for free then.

Any of these types of programs employ a divide-and-conquer strategy. The government cannot give to anybody anything that the government doesn’t first take from somebody else.  When you reach a state where 50% of the people depend upon the other 50% to pay their bills, you end up with class warfare and bitterness. This is the cycle where civilization rises, peaks, and then crashes when government becomes the enemy of the people.



Source link

Tags: ArmstrongEconomicsfleepeopleTaxation
ShareTweetShare
Previous Post

AIFs, not luxury apartments: How India’s wealthy are reimagining real estate investments, says Karthik Athreya

Next Post

XRP Price Pops and Drops — Can Bulls Regain Control?

Related Posts

Market Talk – October 30, 2025

Market Talk – October 30, 2025

by FeeOnlyNews.com
October 30, 2025
0

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 17.96 points or 0.04% to...

Trump cuts fentanyl tariffs on China to 10% as Beijing delays rare earth curbs

Trump cuts fentanyl tariffs on China to 10% as Beijing delays rare earth curbs

by FeeOnlyNews.com
October 30, 2025
0

BUSAN, SOUTH KOREA - OCTOBER 30: U.S. President Donald Trump (R) speaks with Chinese President Xi Jinping during a bilateral...

Sudan War: Gold, a Key Port, and Two Armies With No Legitimate Claim

Sudan War: Gold, a Key Port, and Two Armies With No Legitimate Claim

by FeeOnlyNews.com
October 30, 2025
0

The Rapid Support Forces (RSF), one of Sudan’s warring parties, have taken over El Fasher, a city in Darfur, western...

By All Means, Elect Mamdani and Watch His Socialist Laboratory at Work

By All Means, Elect Mamdani and Watch His Socialist Laboratory at Work

by FeeOnlyNews.com
October 30, 2025
0

Next week, New York City voters almost surely will send self-proclaimed socialist Zohran Mamdani to Gracie Mansion, and he promises...

The Tragedy of Expatriation: Europe’s Lost Future

The Tragedy of Expatriation: Europe’s Lost Future

by FeeOnlyNews.com
October 30, 2025
0

A recent survey has caused quite a stir in France, highlighting a new reality facing a changing Europe: the brain...

It Should Pay to be Super

It Should Pay to be Super

by FeeOnlyNews.com
October 30, 2025
0

I’ve had a difficult time watching superhero movies the past few years. Not because they lack quality (though perhaps true),...

Next Post
XRP Price Pops and Drops — Can Bulls Regain Control?

XRP Price Pops and Drops — Can Bulls Regain Control?

Bank of Israel Governor warns on need for tax hikes

Bank of Israel Governor warns on need for tax hikes

  • Trending
  • Comments
  • Latest
AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

October 15, 2025
Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

October 14, 2025
Are You Losing Out Because of Medicare Open Enrollment Mistakes?

Are You Losing Out Because of Medicare Open Enrollment Mistakes?

October 13, 2025
Coinbase boosts investment in India’s CoinDCX, valuing exchange at .45B

Coinbase boosts investment in India’s CoinDCX, valuing exchange at $2.45B

October 15, 2025
Government shutdown could drain financial advisor optimism

Government shutdown could drain financial advisor optimism

October 7, 2025
Getting Started: How to Register

Getting Started: How to Register

October 10, 2025
Trump-Putin summit canceled after Moscow sends memo to Washington – FT (SPY:NYSEARCA)

Trump-Putin summit canceled after Moscow sends memo to Washington – FT (SPY:NYSEARCA)

0
High Dividend 50: Timbercreek Financial Corp.

High Dividend 50: Timbercreek Financial Corp.

0
15 Best Bank Promotions & Bonus Offers for October 2025

15 Best Bank Promotions & Bonus Offers for October 2025

0
Clerq Raises M to Capture Share of T High-Ticket Payment Market – AlleyWatch

Clerq Raises $12M to Capture Share of $3T High-Ticket Payment Market – AlleyWatch

0
Global Trends and Growth Outlook

Global Trends and Growth Outlook

0
Six missing AI capabilities holding financial advisors back

Six missing AI capabilities holding financial advisors back

0
Trump-Putin summit canceled after Moscow sends memo to Washington – FT (SPY:NYSEARCA)

Trump-Putin summit canceled after Moscow sends memo to Washington – FT (SPY:NYSEARCA)

October 31, 2025
Getting Started: Inventory Types and Conditions

Getting Started: Inventory Types and Conditions

October 31, 2025
Binance Supercharges Crypto Adoption in Argentina With a QR Code Bridge to the Peso

Binance Supercharges Crypto Adoption in Argentina With a QR Code Bridge to the Peso

October 31, 2025
Strategy Q3 Income Narrows to .8B as mNAV Shrinks

Strategy Q3 Income Narrows to $2.8B as mNAV Shrinks

October 30, 2025
El Pollo Loco outlines plan for nearly doubling 2026 unit growth amid margin gains and menu innovation (NASDAQ:LOCO)

El Pollo Loco outlines plan for nearly doubling 2026 unit growth amid margin gains and menu innovation (NASDAQ:LOCO)

October 30, 2025
Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

October 30, 2025
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Trump-Putin summit canceled after Moscow sends memo to Washington – FT (SPY:NYSEARCA)
  • Getting Started: Inventory Types and Conditions
  • Binance Supercharges Crypto Adoption in Argentina With a QR Code Bridge to the Peso
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.