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| Europe |
| Irish Success Showed How Taxes Matter |
| 2010-11-23 |
| Although only indirectly referenced in this article, what keep me awake at night is worrying about how poor struggling companies like # Eli Lilly and Company # Forest Laboratories # Microsoft # Oracle Corp. Etc, are going to cope if they have to give up on their Double Irish and Dutch Sandwich as part of the bailout deal. |
| Posted by:tipper |
| #3 I'm taxed on MY "Land" every year, it's called "Property Tax". I pay $130.00 Per year, don't pay it and lose the land. Mom (Who lives in town), Pays considerably more, She pays $388.38 Tax each and every year. Partly because the value is higher.(It's based on property value, and which county you live in.) |
| Posted by: Redneck Jim 2010-11-23 22:25 |
| #2 You should imagine Land Rent as a form of privately created tax, and thus. The ONLY way to really lower tax is for the state to tax land rights, and stop taxing wealth creation. |
| Posted by: Bright Pebbles 2010-11-23 19:43 |
| #1 Nope, it just demonstrates "Ricardos Law of Rent" whereby low taxes DO stimulate the economy, but that gain is taken not by workers but those who own government created monopolies on the Land. If the state just taxes Land rights (not what you build on it, or what you earn on it), instead of punishing wealth creators then the economy wouldn't be so fooked. |
| Posted by: Bright Pebbles 2010-11-23 19:42 |