Corporations Are Now Levying Taxes

tax-floridaIn Ivy League economic departments, they would laugh if they were told that whole industries were collecting taxes from the general population. They are drunk on dogma and maintain erroneous assumptions about human behavior.

Whole industries can and do pass taxes and everyone in the country must pay them. The Affordable Care Act is a case where entire industries have taxes passed that let them collect dollars from the general population.

Suppose Congress passed a law requiring everyone pay taxes and the proceeds were to be paid to insurance companies, just to give them the money. People understand that kind of tax and object immediately. There is a way to do that without people realizing they are paying a tax. Remember, tax proceeds don’t have to go to a government. Government just has the power to put you in jail if you don’t pay.

There are many laws on the books today that allow companies to tax citizens. The most damaging of these is The Affordable Care Act (ObamaCare.) Under ObamaCare, insurance companies are guaranteed to receive a portion of every health care dollar spent in the United States. Health insurance companies make a profit on taxes (premiums) people pay. The profit is a clear tax but the entire premium is a burden. I will say with complete authority insurance, for healthcare, does not currently exist. What are called health insurance policies are payment management systems and do nothing but insert an expensive bureaucracy between patients and doctors.

One of the destructive facets of Fascism is that it gives this kind of taxing power to any industry large enough to dictate policy to government.

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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.

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