121 wealthy Patriotic Millionaires prefer higher taxation over voluntary donation at World Economic Forum – January 23, 2020,

Before backing a strategy that includes taxing more people, more money to give to governments who typically have public-sector unions who are typically the major contributors to poverty in Western Developed nations, an individual should look at why a large chunk of people who understand government wasteful spending don’t want to raise taxes. When you’re talking about taxing the rich, it’s important to define what this means, because a rich person has resources not to pay taxes and even if you tax the rich it’s important to remember that the rich are responsible for providing most people with consumer goods, so taxing the rich more will lead to higher consumer prices.

So often taxing the rich is passed onto the lowly consumer, if you believe in value-added taxes and other regressive taxes, as European governments already know, higher taxes equate less consumption, which is fine, but don’t expect to end poverty when you have fewer individuals contributing to ending poverty. A large number of people in the world are unemployed and unable to contribute to society because of government policies. When regulations or when the cost to do business is riskier and more expensive, fewer people get into legal businesses, which of course equates to fewer bulk purchases, which equates to fewer job growth in multiple sectors of the economy. Fewer jobs equal fewer INCOME taxes collected and if fewer income taxes are being collected it’s usually because fewer mostly PRIVATE SECTOR manufacturing companies are manufacturing fewer goods and services.

Why don’t these rich people who want higher taxes live by example and donate most of their money while they’re alive?

The story below written by Don Pittis of the CBC is about millionaires who want to force other million and billionaires to pay more money in taxes, however, what’s ignored is the fact that leaders in countries run by dictators won’t have to contribute nor will they be invited to contribute to these causes, higher taxes for all to give to the public sector iniatives.

Now, rich people should have the resources to at the very least help build infrastructure in most poorer third world countries run by dictators, these Patriotic Millionaires could if they feel like they’re not being taxed enough donate more of heir wealth to the public sectors of many of these third, dictator-run world nations, but no, obviously this has nothing to do with helping people, this has o do with making political statement, possibly against Trump or other Conservative or populist leaders now dominating the political landscape.

At least when the middle-class demand higher taxes, it’s worthy of debate, on the flip side when a rich person is asking to be taxed more, what they’re admitting is that they either want to build a government with a big army to kill the dictator run countries or they’re looking to ward off future competition in their existing domestic industries because even sane Liberals know higher taxes lead to fewer entrepreneurs, when you raise the barrier to entry there will be fewer participants when there are fewer job creators, fewer taxes will be generated in society.

Also, it should be noted that some Rich people have better cash flow than others, cash flow meaning how much money they make via their assets per month. Now, in most instances, rich people with better cash flow tend to do more investing in the world economy, whereas public sector workers who are the beneficiaries of higher taxes, tend to do fewer investments and often balloon the cost to solve poverty-related problems.

Higher taxes don’t lead to Government efficiency

It’s not like more taxes will solve economic problems, people tend to forget that when taxes reached their peaks in America, most people don’t pay the taxes. The tax code I believe in the 1950s in the United States was nothing like the monstrosity that exist today. If you had any family members who lived in the era of high taxes in America, you’d know that most people didn’t pay the tax, because unless the government is going to steal the money directly, taxation can be avoided or deferred. Employees tend to pay most of the taxes, business people basically write their income on a piece of paper and give it to their accountants and most rich people take small salaries intentionally to avoid taxation. If these rich people want to pay more taxes they should declare a larger salary during tax time and then after being taxed should then write a government a check for not taxing them enough.

But clearly these rich people who want higher taxes are trying to make a political statement and if they’re trying to make a political statement, obviously they have something to gain from higher taxation. If you want to pay higher taxes do the opposite of what the tax code is encouraging you to do. Become a net consumer, move to high taxed regions, pay your employees more, donate less money, cash out all the assets and investments that allow you to defer taxes and don’t even bother hiring an account just declare the highest amount of taxable income you can and allow the government of your respective country to tax you more.

Similar to these climate change alarmists, these Patriotic Millionaires aren’t willing to make the sacrifices they expect others to make. Lead by example and do it every year for the rest of your life, it’s not hard to pay more taxes if you’re a rich person? Lastly, I’d like to remind readers that they should consider visiting Argentina sometime, Argentina is a rich company with a huge public sector, the only reason Argentina has currency problems is that their greedy public sectors don’t want to give up the power given to them by the government.

That’s typically what happens when governments are able to raise taxes, the public sector unionizes and the unions that represent the public sector lobby the government, to prevent competition from challenging public sector worker’s job positions. This is of course portrayed as “Power to the people” but it’s actually “Power to a particular people” or “Power to a chosen People” the chosen people being the Unionized people who work for the government, then of course as the government public sector monopoly becomes part of the culture, the thought of austerity measures is met with fierce and sometimes violent opposition as these public sector workers feel entitled to their economic monopoly.

Now, in most poverty-ridden countries, you’ll notice that there’s a big government who not only implements high taxes on the people but also ver regulates their people’s existence. This is why a voluntaristic society understands that taxation is theft, government workers don’t work for free, even if you believe in socialism, most socialists collect a paycheck. Collectivists are just as greedy a the capitalists they despise, the only difference with socialists is they’re unwilling to acknowledge that they have little value to offer in a society based on freedom, liberty and the pursuit of happiness. Socialists want the government to be able to redefine what the pursuit of happiness is and who should be entitled to it.

Millionaires at the World Economic Forum are demanding higher taxes: Don Pittis | CBC

Interesting times ahead!