Theft

You’ve heard the expression ‘taxation is theft’, but is it true?

• Consider the many layers of tax: Individual Income tax, Payroll tax, Capital gains tax.

• But wait, there’s more: Indirect tax — excise duty (on such things as alcohol, soda, and gasoline), insurance tax, and air passenger duty. Corporation tax (consumers end up paying it of course). Import taxes and hidden tariffs.

• And a few others thrown in for good measure: Sales tax, Gross receipts taxes (GRTs), Value-Added Tax (VAT). Very value added...

• Oh… and on things you own: Property tax, Estate and inheritance tax, Wealth tax (if you should be so lucky to survive and thrive amidst all of the other tax).

• And then there’s some incidentals you may have to pay depending on your country: Road tax, TV licence tax, health insurance (its a tax).

...And then there’s inflation... which happens largely because of central banks printing money and giving that money to Governments so politicians can spend on failing social welfare... or war.

Each dollar printed by central banks dilutes the value of YOUR dollars, hence acting as another form of... that's right... tax.

When you understand that tax extracts your hard-earned value it's easy to understand it as theft.