Category Archives: Private Property

Could Her Subjects Be Making Kate Middleton Sick?

Britain, Business, Natural Law, Private Property, Taxation

Great American enterprises like Amazon, Starbucks and Google have braved Britain’s (UK, England, whatever is the politically correct term for that nation of shopkeepers) punitive labor laws and onerous regulations; invested capital in that place—only to have British ingrates complain bitterly.

What is the “tax shaming” public protesting, NOW?

These businesses have found creative ways of keeping more of what is rightfully theirs: their private property, their profits. It is just and good that property remain privately owned. Efficiency is secondary to the issue of natural justice. Still, more private property in the hands of its owners means greater prosperity for all.

When Brit Mike Buckhurst wails that he feels “very passionate about this because at one point in my life I was a top rate tax payer and I paid my tax in full,” he is expressing envy, nothing else—envy that The Other Guy is keeping more of what belongs to him, when he is not.

A good person would be glad about any private property that remains with those who rightfully own it.

(Btw, in loserville—where the US is headed—you are in the “higher” tax bracket when you earn £34,371!)

Yes, British protesters, with their unbounded enthusiasm for state power, prefer that their omnivorous state own what belongs to Amazon, Starbucks and Google.

Tax havens are just that: havens. Laws regulating how people use their rightful capital are unjust laws. The official line always omits, moreover, that wealth in the hands of its rightful owners enriches all sectors of the population more than funds in the sticky paws of officials. Keeping more of one’s income is not “harmful” to the rightful owners of capital, or to the beneficiaries of its investment, which include any and all bar the taxman.

The junta of high-tax governments is always leaning on jurisdictions like the Cayman Islands, Bermuda, and the Isle of Man. If the junta has its way, not only will there be no place left to run to, but by eliminating what tax havens offer, these governments will have eliminated tax competition, and with it the imperative to downsize their fiefdoms.

MORE @ “The War on Tax Havens.”

Could her British subjects be making the Duchess of Cambridge (Kate Middleton) sick? They sure make me sick.

UPDATED: Fix The Shoreline, Roll Back the Sea, Uncle Sam (Cap-In-Hand Chris Christie Agrees)

Government, Political Economy, Private Property, The State, Welfare

A Staten Island resident who lost it all in Hurricane Sandy could be heard demanding, on Huckabee’s Fox News show, that the government fix the shoreline. If it does that small thing, she and her plucky neighbors would gladly rebuild.

Yes, Uncle Sam, roll back the sea for the good lady, will you?

Another Huckbee guest complained that FEMA aid and private home insurance did not cover the cost of a new home. Kick in the difference, will you, Unckie Sam?

“Where I am going to spend Christmas?! Where do I put decorations up? Where do I put a Christmas tree up?”, demanded a gentleman who attended a FEMA town-hall meeting in New York, earlier this week. A neighbors chimed in, complaining that the lion’s share of the help she has received—and the only assistance matching her needs—came from her neighbors.

This you bemoan? Is it not a lesson for you?

Pundits soon turned to the question of suing the Federal Emergency Management Agency. And most agreed about the “wisdom” of “governmental immunity,” intended to “stop people from suing the government and government employees and officials in many cases.“

Indeed, legislators have used their position to pass laws exempting themselves and many others from liability. (In the event that you sue the state, guess who pays? We The People.) And the people want more of this corruption? (They will soon get doctors who can’t be sued.)

Let’s see: The victims described are surprised to have received close to no assistance from an entity whose employees are impervious to litigation, and immune from public shaming or loss of employment.

FEMA “victims” are surprised to have received the finger from an entity which is fortified by failure. The more a government agency fails, the more likely it is to receive more taxpayer funds.

In the bureaucracy, incentives are always inverted. Failure results in success: in more funds, more training, more time off. Failure will never see the closing of a government agency, or the firing of nasty, inefficient, over-paid, affirmatively appointed official.

These victims (and all those who demand from government what it cannot and will never give) refuse to comprehend that because of its very nature—a system without the imperatives of private property—government will never allocate or conserve resources efficiently.

Why on earth would anyone seek to interact with such an entity? (I have a good ideas why.)

UPDATE (Dec. 5): Predictably, Gov. cozy-up to Obama, cap-in-hand Chris Christie is on board with the mindset described. Two days ago he “announced that he has formally requested federal approval of 100% reimbursement for state and local government costs associated with debris removal and emergency protective measures that continue in the aftermath of Hurricane Sandy.”

Who said local was best? Not this big, fat ponce, to whom re-election is everything.

Death-Spiral States

Debt, Economy, Government, Political Economy, Private Property, Socialism, Taxation, The State

A death spiral state is one in which the parasites outnumber the hosts. In these states, the taker-(public sector workers)-to-maker (private sector workers) ratio is unsustainable.

William Baldwin of Forbes magazine defines a death-spiral state as one that has “more takers than makers,” where “a taker is someone who draws money from the government, as an employee, pensioner or welfare recipient. A maker is someone gainfully employed in the private sector.”

Charitably, Forbes counts only “11 death spiral states, rang[ing] from New Mexico, with 1.53 takers for every maker, down to Ohio, with a 1-to-1 ratio.”

Consider (or don’t):

Let’s say you are a software entrepreneur with 100 on your payroll. If you stay in San Francisco, your crew will support 139 takers. In Texas, they would support only 82. Austin looks very attractive.

Private Property Day

History, Private Property, Propaganda

As convention has it, Thanksgiving is the day Americans give thanks that Native Americans taught them to plant corn.

The Native Americans felt compassion and sympathy for the Pilgrims, sharing their technology. With numerous settlers having died in the winter of 1620, none of the Pilgrims would have likely survived without the Wampanoag teaching them local customs of planting, gathering and preserving foods.

This is nothing but palliative history, a bit of myth-making.

The real story Behind Thanksgiving is the “celebration of the triumph of private property and individual initiative.” Writes Paul Schmidt at Freedomkeys.com:

William Bradford was the governor of the original Pilgrim colony, founded at Plymouth in 1621. The colony was first organized on a communal basis, as their financiers required. Land was owned in common. The Pilgrims farmed communally, too, following the “from each according to his abilities, to each according to his needs” precept.
The results were disastrous. Communism didn’t work any better 400 years ago than it does today. By 1623, the colony had suffered serious losses. Starvation was imminent.
Bradford realized that the communal system encouraged and rewarded waste and laziness and inefficiency, and destroyed individual initiative. Desperate, he abolished it. He distributed private plots of land among the surviving Pilgrims, encouraging them to plant early and farm as individuals, not collectively.
The results: a bountiful early harvest that saved the colonies. After the harvest, the Pilgrims celebrated with a day of Thanksgiving — on August 9th.
Unfortunately, William Bradford’s diaries — in which he recorded the failure of the collectivist system and the triumph of private enterprise — were lost for many years. When Thanksgiving was later made a national holiday, the present November date was chosen. And the lesson the Pilgrims so painfully learned was, alas, not made a part of the holiday.
Happily, Bradford’s diaries were later rediscovered. They’re available today in paperback. They tell the real story of Thanksgiving — how private property and individual initiative saved the Pilgrims.
This Thanksgiving season, one of the many things I’m thankful for is our free market system (imperfectly realized as it is). And I’m also grateful that there are increasing numbers of Americans who are learning the importance of free markets, and who are working to replace government coercion with marketplace cooperation here in America and around the world.

Juxtapose the truth with the official historical version of the Thanksgiving celebration.

It might pique your curiosity to know that Thanksgiving was proclaimed by Diablo himself, in 1863. Read more about “The Most Cynical and Hypocritical Speech Ever Delivered” on that holiday.