What happens when the Government fixes the price of a commodity is that the person seeking to sell it (at the market price) will desist from doing so. In effect, transactions in that commodity have been made illegal.
Anyone producing a commodity which is subject to price fixing will cease to do so... For those seeking to purchase the commodity, it becomes very expensive.
Taxation (and price fixing) of employment destroys (the availability of) jobs. Taxing transactions destroys trade and commerce.
A transaction between consenting adults should not be subject to interference from the State... who are they to say I am being exploited? What has it got to do with them?
Where is the crime? If I am innocent until proven guilty then why do I owe a debt?
Saturday 25 April 2009
Update: Further, why should a person who earns more be forced to pay more, as in progressive taxation? (Sat 25th April'09)
Update: The value of having a skill is diminished by income tax... If we know that the income derived from any hard (or skilled) work is to be extracted from us by means of threats of violence we are less inclined to work and develop the necessary skills. By reducing the incentive for people to develop skills, we must understand that we reduce their ability to assist other people, and themselves. It is to my advantage that other people are skilled (even if the skilled person is acting entirely within their own self-interest) and the Government gets in the way.
If other people are more talented than me, this should be regarded as a virtue because they will be able to do more to help me... I should not regard this as a bad thing due to increased competition.
Their skill gives you the opportunity to focus on other needs, to provide an even more luxurious product. If I make watches and suddenly watches fall free from the sky I should be pleased, not disappointed because it allows me to concentrate on serving people in another way. (27th April'09)
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