41 Replies to “Who Is This “John Galt”?”

  2. Its what I’m going to get in my old age pension when I turn 65 in ~ten years, is what.
    This article understates the case. Not only can the “rich” move to another state, they can move to Bermuda. I wasn’t even rich and I moved to the USA from Onscary-ary-ary-O, land of “no we won’t let you into this PT school, no we don’t care what your marks are, it doesn’t matter because you’re a guy and you’re white and you’re NOT gay.”
    In the USA it was “Yes, please please pleeeeease come to our school and pay our obscene overinflated tuition.” Private enterprise ROCKS.
    Incidentally, Drudge says the new supreme court nominee is a pro-labor Hispanic chick with delusions of the SCOTUS being the place where “policy is made”. Note that is a quote.
    So pretty soon, 6.25% of nuttin’ is what Americans are going to have left in the pay after taxes.

  3. Obamassiah is soon to find out the same economic laws of common sense apply at the Federal level.

  4. Incidentally, Limbaugh predicted a “wealth” tax on the horizon yesterday. That’s where they don’t tax your income, they tax the worth of your total holdings.
    I hereby predict a great fleeing of talent to Canada. Come one, come all, bring your guns and your American git-er-DONE attitudes please.
    We will let y’all move in to Toronto and beat some frickin’ sense into the sorry sons of beatches that currently live there. That’s an immigration policy I can get behind.

  6. When Britain raised its marginal rate to 95% in the early 70’s (inspiring George Harrison’s classic “Taxman”)
    Your overall point is quite correct; in fact, I make it myself frequently. “Taxman”, however, appears on the Beatles “Revolver” album, released in 1966.

  7. Utopic simple minds of the left. What they see as fair is fair because it does not impact them.
    Guy goes to NDP meeting comes home all happy and giddy. Tells wife that NDP are great cause the NDP say if you have two houses you keep one and the government takes the other. Next week same story except it is two cars. The third week the guy comes home mad as hell, damn Dippers. Wife asks him what is wrong, last two weeks the NDP is great what happened this week. Guy tells wife the NDP say if you have two shirts you keep one and the government takes the other. Wife asks whats wrong with that. Guys says, I have two Shirts.

  8. MUNICIPAL income tax?!?
    F*CK YOU!!!
    I can BARELY stomach the notion of paying federal!
    Hasta la vista, baby!

  9. Heh.
    Too bad the commies never seem to learn any lessons no matter how many times the lessons are held.

  10. I have yet to convince a lefty that payroll taxes are a job loser.
    To discourage speeding there are speeding tickets (fines).
    To encourge creating business/employment, there are payroll taxes (fines).
    I have always considered the employer portion of payroll taxes as a penalty for having employers.

  11. Can you imagine if the imbecililic moron, Mayor Miller ever got a chance to tax incomes? I’m sure the thought of it makes him have to go to the bathroom alone. The reeking fetid sewer which is Toronto would lose it’s few remaining worthwhile humans, and the remainder would fight over what isn’t left. There’s reality TV I could watch. Iggy and Kinsella running for their lives from a group of underprivileged, but well armed youth.

  12. I have yet to convince a lefty that payroll taxes are a job loser.
    To discourage speeding there are speeding tickets (fines).
    To encourge creating business/employment, there are payroll taxes (fines).
    I have always considered the employer portion of payroll taxes as a penalty for having employers.

  13. “The reeking fetid sewer which is Toronto would lose it’s few remaining worthwhile humans, and the remainder would fight over what isn’t left. There’s reality TV I could watch. Iggy and Kinsella running for their lives from a group of underprivileged, but well armed youth.”
    Paging Snake Plissken…

  14. I have yet to convince a lefty that payroll taxes are a job loser.
    To discourage speeding there are speeding tickets (fines).
    To encourge creating business/employment, there are payroll taxes (fines).
    I have always considered the employer portion of payroll taxes as a penalty for having employers.

  15. Is this the start for a future book where the John Galt’s of the world move away from suppressed capitalist areas?:
    “At Last; Shaunned”

  16. sasquatch
    add:
    -“Sin” taxes to lower alcohol and smoking
    -Carbon taxes to lower plant food
    -luxury tax to lower air conditioning in cars
    -Gas guzzler tax to lower sales of hummers
    Then:
    -Payroll taxes to reduce jobs
    -Income taxes to reduce working, creating businesses, succeeding…
    -sales taxes to reduce spending

  18. As a middle class working slob I have to ask: “Is there a tax haven for me?”. Maybe I could register my sailboat in the same country as Martin’s Canada Steamship Lines but I can barely afford to vacation at a tax haven without the help of Visa let alone move to one.

  20. haha, ya I agree with Phantom… that would be a great immigration policy.
    I’m undecided as of yet if there will be a large influx of Americans coming to Canada, our tax system in my opinion is still worse off.
    We pay through the nose for everything and anything. I forsee more Americans fighting back though.
    It’ll be interesting to see what the final push will be that’ll break the camel’s back.

  21. Ural: This must be another one of those “unintended consequences”.
    I am continually astonished at the inability of politicians to look more than one move ahead on the chess board.
    White: Raises taxes
    Black: ???
    If you thought that ??? is “Pays more taxes just as expected” then you shouldn’t be in the game.

  22. As a middle class working slob I have to ask: “Is there a tax haven for me?”.
    Yes, you can go Galt yourself. No need to move. Done it a few years back.
    All you need is a piece of land with good arable soil, access to water, and a supply of timber, preferably in an unorganized township. There are lots of those available in just about every province. Build a small house on it. The idea is to keep costs down to a minimum, and be free of any kind of debt..
    If, like I did, you choose to grow your food (and hunt/fish too) and generate your own power (I confess that to that effect I use one of those ‘windmills’ Kate loves to rant about), you may find you can live comfortably on less than 10K$ a year. I am sure you can come up with some form of business to generate that income, without the need to hold a formal job. In my case, I sell firewood which I harvest from my property. I am not a rich man, but the freedom I have is priceless.
    So, presto. They don’t get any income tax from you, and very little other taxes. I realize it’s not for everyone, I am lucky that my kids are grown up, for example. But imagine if a couple million families in Canada did the same.

  24. There was a report the other day in an american blog that US investers are moving their money to Canadian Banks. Soon they will follow their money. Britain is talking of banning american investmenst due to O’s coming rules.
    It would be great if we saw another great migration of americans to Canada, to invest in the Country, instead of terrorist refugees and draft dodgers and AWOL military men.

  25. It would be interesting to see how the tax burden has changed with respect to race. It’s been spewed that white people speak in “code” to avoid being labelled as racist. Well, in my opinion “class warfare” is code for “race warfare”.

  26. Of course they want to reduce employment they know exactly what they are doing. High unemployment makes Union jobs more valuable and Unions more important. When jobs are scarce then Unions seem like a safety net.
    Price Elasticity is the concept here that eludes most of our uber educated politicians

  27. There may very well be a coming exodus of disgruntled American taxpayers to Canada. Here’s what to watch for: the they being compared to ‘draft dodgers’ in order to shame them into not emigrating.

  28. Its not only Maryland, California, New York, Conn., New Jersey are all raising taxes – as a result States without Taxes, Florida, Texas and other South States are gaining new residents. New York lost Donald Trump and Rush Limbaugh to Florida.

  29. Kate
    6.25% of nothing
    I’v got my calculator handy, and I’ll spend the whole afternoon to find you the answer, as the LEFT side of my brain is only fuctioning today:-)))))

  30. this is why a new world order is needed. so the rich can’t go anywhere. by the by, if your took every dime the top 5% from the richest people in the u.s. you would not run the u.s. government for 6 months and you would have no more rich people.

  31. i seem to have become dyslexic. as least as far a sentence structure is concerned.

  32. Is there anyplace today with the freedoms North Americans enjoyed a hundred years ago? When there’s no place to run, expect bare knuckles in the corners.

  33. Great. When our liberal mayor gets wind of this one, and he will, he’ll jump on that bandwagon sure as s*&t. That lefty sob has never seen something that couldn’t be taxed, user fee’d, or increase the user fee on.
    I am starting to think the municipal voters in Calgary are as stupid as TO’s, and that is a stretch.

  35. To complete sasquatch and Jason’s list above:
    Tax on tax.
    (like when you fill up your car)

  36. Who could forget the GST.
    The last time I had a parking ticket, I was taxed for the service of being fined.

  37. Ironically, one of the nicknames for Maryland is “The Free State”. Ha! I’m a native and I know better. When those idiots in the state legislature passed that tax, I knew what would happen. The local talk radio guys called it, too. But I doubt the Baltimore Sun did.

  38. You can move to the Turks and Caicos Islands by merely owning a piece of property there, unlike the Caymans which requires you to be a millionaire.
    The TCI has both highly expensive and also very reasonable real estate, especially when looking at Middle Caicos or Grand Turk, but even the most popular Provo is quite reasonable. Cheaper than most Canadian cities. (Middle Caicos & Grand Turk often have places for sale, condo or separate buidling/property, in the $200,000 to $300,000 range… and you can also find building lots in the $50,000 range, which would qualify you to move there – and then rent an apartment).
    There is only a 5% stamp tax upon the purchase of your property – one time. Forever. Never, ever any property tax.
    There is zero income tax.
    There is zero inheritance tax.
    What there is a 33% consumption tax – everything you purchase or import will cost you 33% more than here.
    Once you start generating a decent income, via work or investment, at a cetain point it becomes a no brainer.
    For example. $4,000/month gross in Canada means you take home around $2700 or so a month. But, if your living expenses here in Canada are around $2700, down there it would be $3600 in expenses.
    Once you get past that kind of income, say by investment or other means… well, it becomes a no brainer, really. Especially in the bloody winter.
    In order to leave Canada, you first have to pay exit taxes – basically meaning that all of your taxes & capital gains taxes on your net worth etc. must first be paid.
    You will also have to give up Canadian residency (not Citizenship), so that means you can’t really keep an apartment or a car, or bank accounts or anything else like that. I understand it is possible to keep your Canadian driver’s license, as this makes it easier to rent cars abroad than one from the TCI.
    Once you give up residency in Canada, if you return to live here within the next 5 years, the Canada Tax & Revenue Agency will come after you for “world wide tax.” So, I have always seen it recommended to not expect to come back to live here for 6 years… I have pondered keeping a motorhome in Florida, registered in Florida, and coming home to “visit” in said RV.
    After the 6 years, apparently you fall off the tax radar in Canada, and also, any income or wealth you have created while abroad is NOT taxable in Canada if you return.
    Also, it is a crime in the TCI to divulge banking information – to anyone, governments included… so no-one could ever possibly check your funds or assets.
    Although, keep in mind, that if you return to Canada after 6 years, you will once again be legally required to declare global income and assets… and although it drives the Canadian NUTS to not have any means to verify if you are telling the truth or not, I am CLEARLY not recommending anyone to do this, because I recommend to treat the Government with the same honesty and integrity which they treat their taxpayers. The government’s morality dictates that you ought to repay them with morality in kind.
    Once in the TCI, you can buy a ready made numbered company and get a numbered bank account for around $4000. It will cost you around $2,500/yr in fees to maintain such an account. You will get check books, debit cards & a visa that works all around the world, just like ours do here. You can also trade on the stock market with those accounts. They will send you bank statements anywhere in the world in brown, unmarked envelopes, so long as there is post address.
    If you have a large amount of money – mega millions – you have one primary holding company in a place like the TCI, and then you buy other companies in other tax-havens, each costing you similar money to buy and maintain. Split your money up – Cook Islands, Panama, Belize, The Caymans, Virgin Islands, Gibraltar, Switzerland, Singapore etc. etc.
    Who is John Galt?
    Hopefully one day in the near future, I will be.

  39. I must admit there are parts of the recession and the Obama presidency that I’m finding quite enjoyable.
    Some of these ‘teaching moments’ are truly heart warming.

  40. Sorry, that should be “North Caicos” rather than “Middle”. My bad. North Caicos is only a 20 min. boat road from the main island of Provo. Middle Caicos is slightly further, and is relatively undeveloped – although, that is fast changing.

  41. “@ Indiana Homez
    Racists speak in code, not whites. Most whites I know wouldn’t give fools like you the time of day.”
    Wilbert
    You’re a bloody maroon with poor reading comprehension. Your statement is one of the stupidest I’ve read considering my nigga’s call me CRACKER JON, your cracker mom calls me all the time; and, you don’t speak for white people regardless of your take on my POV, even if you COMPLETELY misunderstood my point!

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