Category Archive: burdensome taxes

Sep 13

More billionaires flee socialist New York

Thousands of New York’s most productive people have fled the state’s high taxes and regulations in recent years. Many move to low-tax states such as Florida and Texas. Many are also climate refugees seeking warmer winters. Now billionaire investor Carl Icahn has announced he will leave New York and take his entire staff to Florida. …

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Sep 05

Socialist California’s middle class wages grew just 1 % in 40 years

Socialist California’s growing servant class California has America’s highest taxes, highest-paid government employees and largest government programs for “fighting poverty.” Its politics have been identified with pro-government extremism and socialism for several decades. What has this increasing socialism wrought in California? Californian’s middle class wages rose by just 1 percent in 40 years. The state …

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Aug 14

As tax complexity increases, “tax manager” is now the hottest career

The United States grew from a poor fledgling nation in 1789 to become the earth’s most powerful country by the twentieth century. It got there with no income taxes and a very low level of regulatory burdens. But by 2019, the United States is drowning in violent police, regulations, and taxation levels which hover around …

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Aug 14

U.S. Postal Service on Pace to Lose $8 Billion in 2019

The U.S. Postal Service enjoys every advantage in the marketplace. It pays no property, income, or corporate taxes. It owns and occupies some of the world’s most strategic and prestigious real estate It has an unconstitutional monopoly on first-class letter delivery. (By contrast, its package-delivery competitor FedEx pays billions annually in taxes.) (To put these …

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Jul 28

Puerto Rico continues descent into socialist misery

Puerto Ricans enjoy many benefits from being associated with the United States. Puerto Rico’s residents are U.S. citizens and may freely move to the U.S. mainland. For years, the most productive Puerto Ricans have done so, leaving hundreds of thousands of nonworkers to pay the Island’s exorbitant tax rates. The Island’s remaining voters have voted …

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May 17

Illinois legislators introduce bill to charge electric car owners $1,000 annually

Socialist Illinois imposes some of the highest taxes in the country (and the world), but can’t pay its obligations. Illinois government employees live like royals among peasants. More than 30,000 State teachers make six figures or more annually–for just nine months work. Presently the State University system spends more on RETIRED employee pensions than on …

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May 16

Half of Americans are one paycheck from financial disaster

Government policies such as progressive income taxation, central banking and Social Security aggressively punish savers. And year after year, Americans reluctantly submit by saving nothing and investing very little. Now a new Marketwatch report shows that 50 percent or more of Americans are just one paycheck away from serious financial disaster. Roughly two-thirds of households …

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May 12

Government workers are now America’s richest class

Government employees are now America’s richest class. On average, they make more money than self-employed business owners or private-sector workers. New data shows what everyone has long suspected: Government “workers” have the highest median ‘earnings’ among all full-time, year-round American workers.” “According to the Census Bureau’s Personal Income Table 07 (PINC-07), the competition isn’t close. …

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Apr 25

Tens of thousands flee socialist New York, New Jersey and Connecticut

Almost half of one percent of New York’s most productive people–about 40,000 individuals–fled the Empire State last year due to the State’s heavy taxes and regulations. High-tax neighbors Connecticut and New Jersey have also seen their residents flee. Many move to lower-tax states such as Florida, Texas and Nevada. Many are also climate refugees seeking …

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Apr 18

22,000 fled socialist Chicago last year

AMERICA’S MAJOR SOCIALIST CITIES (Chicago, LA and New York City) continue to lose thousands of people annually. The socialist government of Chicago continues to enact further rules, regulations and taxes upon the City’s long-suffering people. The city’s dwindling class of older, wealthier taxpayers is declining rapidly. See here.

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