Category Archives: Europe

Update II: You Can Check-Out Any Time You Like, But You Can Never Leave!’

Economy, Europe, Fascism, Government, libertarianism, Natural Law, Private Property, Taxation

Swiss bankers can no longer perform a function which in Switzerland is legal and commendable: helping private property owners shield their assets against legalized theft. The Swiss are not allowed to uphold victimless laws that contradict their ultimate sovereign: Uncle Sam.

YourMoneyInfo.com: “The Swiss laws do not consider tax evasion as a criminal offense. [They recognize that a man’s property is his and his alone?! Is this possible?!] The Swiss banks do not release the identity of the account unless the foreign government proves that the account holder has committed a crime. [Or unless pressured by big bully US, the protector of freedom the world over.]

The US has managed to dispense with the venerated traditions in the financial sector of an ostensibly sovereign state. I repeat myself, but next time you hear Messrs Hannity, Steyn and others of their ilk wax about the US being the last bastion of freedom, fire off a corrective email. Point out that our government lawyers have been prosecuting UBS AG, a Zurich and Basel-based financial establishment, and its American clients, for tax evasion. (You’ll probably be told that we should have declared war, or bombed Basel…)

When they are not bailing out failed financial institutions, our statists are bankrupting viable ones.

Recommended reading: “The War on Tax Havens”

And “Hotel California“:

Last thing I remember, I was
Running for the door
I had to find the passage back
To the place I was before
‘Relax,’ said the night man,
‘We are programmed to receive.
You can check-out any time you like,
But you can never leave!’

Update I: A “Robin Hood tax” they are calling it, and, no doubt, BHO will be on board: Under the guise of “sparing the taxpayers another massive public bailout of the financial sector,” the International Monetary Fund has “called for a financial stability contribution (FSC), which should be paid by all financial institutions, not just banks, and used to bail out weak and failing firms.”

Now note how these statists who are corralling us all into a big pen cleverly build their new scheme on a faulty premise: the idea that bailouts are a financial fait accompli. Since when? And who dictatorially decides to commandeer taxpayers monies to bail out financial institutions that ought to be allowed to fail? They do!

Update II (April 22): A correction to our reader hereunder: Neal Boortz is a “liberventionists”; “a statist, not a libertarian.” Anything he supports is usually an indication to the contrary

US Pinkest Most Progressive Taxer

America, Economy, EU, Europe, Socialism, Taxation

When Messrs Hannity et al., next carry forth about the wonders of American freedoms, having been hindered only under BHO, point them to this caption and diagram courtesy of RealClearMarkets:

“A study of the progressiveness of household taxes (income plus social security taxes) by the Organisation for Economic Co-Operation and Development charts the percent of taxes paid by the top 10 percent of households in OECD countries and compares that number to the percent of income earned in each country by the same top 10 percent. The U.S. finishes at the top of the list, with the highest tax-to-income ratio of any country. Above are the top countries, as well as the average for all 24 OECD countries studied.”

The tabulated chart is below here.

Update II: King Of Keynesians (Preaches To Commoners)

Debt, Economy, EU, Europe, Federal Reserve Bank, Natural Law

New York Times columnist Paul Krugman expresses the monetary policy of the US government, both Obama and his predecessor. If anyone doubts how progressive the US is, listen to Krugman (via Peter Schiff) berate “the monetary priggishness of the German heavyweights in the European Union, who are ‘foolishly’ seeking to prevent inflation [in the Greek debt crisis] and impose fiscal discipline.”

Krugman argues “that the best solution for Athens would be to simply inflate away its debt burden with printing press money. His theoretical justification is put forward in a familiar Keynesian recipe: deficit spending leads to inflation and growth, which leads to greater employment and rising GDP, which makes debt payments much easier to bear in relative terms. He laments that Greece does not control its own currency and is therefore unable to pursue such a policy on its own accord. He implores U.S. policy makers, who do control their own monetary policy, to take heed of the danger and avoid such a course.

In simple terms, Krugman believes that inflation is the best cure for burdensome debt problems.” …

Peter Schiff, always worth reading.

Update I (April 12): Keynes’s theory is not economics, but politics. He came to dominate political platforms by opposing free trade, balanced budgets and the gold standards, and by proposing economic management and interventionism through busting the budget. His devotees are indeed pimps to the political class, with no fealty to or familiarity with the laws of economics.

Update II (April 13): WHEN KEYNESIANS PREACH TO COMMONERS. “Fed’s Bernanke stresses need for financial literacy”:

“Many American families are struggling in the aftermath of the financial crisis, which reinforces the need for reliable and useful information to facilitate good financial choices,” he said in remarks prepared for delivery to the National Bankers Association Foundation.

If applied by the Little Man, literacy such as the Chairman’s would imply endless spending financed by the counterfeiting of funny money.

Updated: Beck, Wilders & His Boosters’ Blind Spot

Classical Liberalism, Europe, Glenn Beck, Human Accomplishment, IMMIGRATION, Islam, Jihad, Multiculturalism, Nationhood

The excerpt is from “Beck, Wilders & His Boosters’ Blind Spot,” now on WND.COM”:

“The ‘One-Man Global Content Provider’ [Mark Steyn] is wrong. Demographics need not be destiny. The waning West became what it is not by out-breeding the undeveloped world. We were once great not because of huge numbers, but due to human capital – people of superior ideas and abilities, capable of innovation, exploration, science, philosophy.

Declining birth rates – and their antidote; the mass immigration imperative – are the excuses statists make for persevering with immigration policies that are guaranteed to destroy Western civil society and shore up the State.

If, as Geert Wilders and Mark Steyn contend, “Islam is a problematic religion; every school of Islam is basically at its core jihadist; and the religion is much closer to a conventional imperial project than to a faith” – its religionists must be kept away. State-engineered mass immigration must be halted.

Yes, postmodernism, PC and relativism hobble the West. Post-colonialism, however, affords it the opportunity to redraw the frontiers at the borders. This is the Wilders project. It has yet to be embraced fully by his American boosters. As Steyn has openly confessed, ‘For a notorious blowhard, I can go a bit cryptic or (according to taste) wimpy when invited to confront that particular subject head on.'” …

The complete column is “Beck, Wilders & His Boosters’ Blind Spot.”

And do read my libertarian manifesto, Broad Sides: One Woman’s Clash With A Corrupt Society.

The Second Edition features bonus material. Get your copy (or copies) now!

Update: Declining birth rates – and their antidote; the mass immigration imperative – are the excuses statists make for persevering with immigration policies that are guaranteed to destroy Western civil society and shore up the State.

To add to “Anon’s” dazzling examples of small (First World) populations that produced genius second to none, another erudite gentleman spoke of “quality, not quantity,” and offered the examples of the Scottish Enlightenment and modern Jews.