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Tyranny of One, Tyranny of AllBut I’ll Lose The InterestWritten by Darrell Anderson. Sometimes I wonder about people. I have talked and conversed with people who want to opt out of the income tax system. Now, I tend to see things at root levels, and when I discuss this topic with people I ask, “Okay, so opt out. What’s the big deal?” The first challenge is that most of these people are engaged in traditional employee contracts rather than working as independent contractors, professionals, and business people. Thus, their first argument is they cannot convince employers to stop withholding. I respond, “Well, what did you expect? Your employer is a corporation — ”a creature of the state.” Don’t you think that the created is obligated to obey its creator? If your employer is not a corporation, but an individual who has converted his or her natural right to trade in exchange for the privilege to do business through a political permit, then why wouldn’t that employer obey the very creature that provided permission to exist?” So then these people respond, “Well, okay, I see your point. I need to find a way to create revenues without an employer.” Yet, invariably, the conversations then turns to how to prevent the professional criminals, a.k.a. the IRS and state tax boards, from stealing their property. Again, I don’t understand the problem. These professional thieves can’t steal what they can’t find. In other words, don’t have bank accounts, don’t use credit cards, and don’t invest in IRAs and 401Ks that are encumbered with all kinds of fiat statutory paperwork requirements. Make sure there is no paper trail. I don’t see the problem. The typical response is, “But I’ll lose the interest I make off that money if I stop banking!” “Let me understand this. You are concerned about losing 2, 4, perhaps 6 percent return on your money?” “Yes, I still want to plan for my older years when my work abilities decline. Or maybe I’ll want to travel.” “Let me get this straight. You are concerned about losing 2, 4, perhaps 6 percent return on your money, when by opting out of the income tax system you experience a 20 to 40 percent return of your money?” Finis. Next: No Beans |
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