Marxism is silly: Anand Giridharadas, author of “Winners Take All” Makes the case that Taxation is Theft, but it’s unlikely he realizes it – June 25, 2021,
It’s amazing to me that some people actually believe that the government or a group of enlightened individuals know better how to spend your money than you do? Robert T. Kiyosaki has been saying for decades now that the rich don’t work for money and the rich don’t pay taxes! Visit richdad.com if you want a basic education about how the rich get richer.
For myself, I’m often disgusted by a lot of these so-called do-gooders, pretending to be knowledgable about money. There’s an easy way to shrink the wealth of Billionaires “NORMALISE INTEREST RATES”. It was actually the government that created most of these rich people many of whom now the Government has deemed “TOO BIG TO FAIL”.
You see in a capitalist society we have this thing called BANKRUPTCY! In a capitalist society individuals, BANKS, charities, corporations, governments any legal entity in a capitalist society can go BANKRUPT. What irritates socialists is that true capitalists understand that KNOWLEDGE IS POWER The reason I pointed to Robert T. Kiyosaki is he is all about FINANCIAL EDUCATION.
The entire Rich Dad brand is all about financial education, the reason why Robert T. Kiyosaki gets demonized is that he promotes financial education which is the death knell to the evildoers of the world who want people to believe that governments or an enlightened few should be granted the special privilege to stealing from others.
As I like to point out and this is something personal to me, Western Civilization was based on Judeo-Christian values and the problem is when people embrace atheism morality can become subjective. Thou shalt not steal is a commandment for a reason, stealing will eventually destroy your nation.
So if you listen to the video below, Anand Giridharadas appears to comprehend that most of the worlds rich don’t hold onto cash, yet he believes that the government should be able to consume a rich person’s ASSETS. A quick lesson for people unaware of what Net worth is
Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities.
Being hat many of us are forced into legal tender laws and because of the Euro-dollar system, most fiat currencies defer to the U.S dollar, typically the Networth of most individuals is based in U.S Dollars and I bring this up because as an example, the U.S minimum wage law is a government asset that if let’s say Anand Giridharadas had his way could actually consume a rich persons Networth at an accelerated pace.
I don’t want to get into estate taxes here, but this is one of the major problems with estate taxes. A value is assigned to an estate that often doesn’t have the liquidity the government imagines it has, now if your estate planning is done incorrectly because taxation is theft all sorts of things can go financially wrong.
One of the words often misinterpreted by Robert T. Kiyosaki is when he says “The Rich don’t work for money”. Cash that DOES NOT buy assets is trash, the problem with capitalism that most idiots don’t understand is that capitalism is DEFLATIONARY!
The only portion of capitalism that’s perpetually inflationary are the INNOVATIONS derived from FREE human beings. When humans are burdened with government, humans will create all sorts of INFLATIONARY ideas. I often write about Canada Post and how at one time they had a monopoly on checks.
What I mean by this is that in the past, prior to direct deposit, most Canadians were dependent on Canada Post to deliver their mail. Then some capitalists came up with the idea of DIRECT DEPOSIT, meaning that an employer could pay their employee without spending money on some government courier monopoly. That’s an example of INNOVATION creating real INFLATION because all of sudden the private business owner was spending fewer dollars on purchasing checks and mailing them out to their employees.
This allowed the business owner to invest that money in different areas and in many instances grow their company with more employees. Now, let’s say after the employer found a way to inflate the economy by hiring more people, the government said well, now the private employer has to pay each employee a higher minimum wage?
Now first of all if I’m an employee that has zero financial education, I’d think that this higher minimum wage scheme was a wonderful idea, but again suppose the business owner had their profits tied up in illiquid ASSETS and said business owner was living off of debt?
This is one of the main reasons that when the government raises taxes that more businesses either close their stores or go bankrupt. Now, all of what I write about here is the 1957 novel by Ayn Rand called Atlas Shrugged, but if you’ve never read Atlas Shrugged I’d understand if you agreed with Anand Giridharadas.
A lot of these Left-leaning people think they’ve come up with something new, but it’s clear to many of us that these leftists have never read a book that challenged their beliefs that theft in certain circumstances is justified.
The video below is kind of sad to be honest, but understandable because Anand Giridharadas works for the Left-Leaning New York Times. So for that reason, I’m beginning to see why the new York Times has been taking such a hard Politically Left position. Because if I didn’t know any better, I’d take the word of Anand Giridharadas as gospel.
Interesting times ahead