This is a book to be read by all students in Economics and persons involved in Development Economics. The central thrust is how liberal economic policies, free trade and a low tax regime assisted in one of the greatest social transformations the world has ever seen - that which happenned on a small island off Europe.
Here is an excerpt of one paragraph that I particularly liked: "Boulton formulated his opinion (of William Pitt's fiscal policy) in terms which Adam Smith might have made his own: ' Let taxes be laid upon luxuries, upon vices, and if you like upon property; tax riches when got, and the expenditure of them, but not on the means of getting them. Of all things don't cut open the hen that lays the golden eggs.*
* p 389
Sunday, August 28, 2011
Tuesday, May 10, 2011
I saw this ad
Just remember the money you spend on legal cigarettes is used to buy guns for these guys:
Thursday, May 5, 2011
Taxes and Open Road Toll Fees
Taxes and Open Road Toll Fees
People should not install the transponders but still use the highways and force the government to issue accounts and summonses to all motorists until such time they drop the prices. The government will be forced to send out millions of accounts every month and they don't have the man power to do it. This is the best and easiest way to boycott the system. What is the government going to do about motorists from other neighbouring countries that don't have these transponders?
South Africans are too complacent and its time we fight back. WE have paid for these roads. Now they are also proposing a 1% tax to fund SABC.
Circulate this to all your friends!!!!!!!!
Has anyone thought just how much tax we are already paying?
a. 35% on your salary
b.14% on everything you buy (bar fresh produce) and services rendered.
c. Carbon tax if you buy a new car (besides the 14% VAT you have to pay)
d. Tax on the fuel you put in your car to run it.
e. Toll on our roads - and for some it is going to come to a whopper of 10% of your salary (If you earn R10 000.00 a R1 000 would go toward tolling if you migrate between PTA and JHB every day.) - Bully to try and pacify me with the idea that I can claim it back from my income tax!!! I have to fork out the money first. Going on holiday to DBN? Remember to save up your R1000.00 for tolling.
(From the Libertarian SA site)
People should not install the transponders but still use the highways and force the government to issue accounts and summonses to all motorists until such time they drop the prices. The government will be forced to send out millions of accounts every month and they don't have the man power to do it. This is the best and easiest way to boycott the system. What is the government going to do about motorists from other neighbouring countries that don't have these transponders?
South Africans are too complacent and its time we fight back. WE have paid for these roads. Now they are also proposing a 1% tax to fund SABC.
Circulate this to all your friends!!!!!!!!
Has anyone thought just how much tax we are already paying?
a. 35% on your salary
b.14% on everything you buy (bar fresh produce) and services rendered.
c. Carbon tax if you buy a new car (besides the 14% VAT you have to pay)
d. Tax on the fuel you put in your car to run it.
e. Toll on our roads - and for some it is going to come to a whopper of 10% of your salary (If you earn R10 000.00 a R1 000 would go toward tolling if you migrate between PTA and JHB every day.) - Bully to try and pacify me with the idea that I can claim it back from my income tax!!! I have to fork out the money first. Going on holiday to DBN? Remember to save up your R1000.00 for tolling.
(From the Libertarian SA site)
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