Daily tax rant

Dearest Marcy;

You were in commercial loan banking a 100 years ago?

Gosh and golly I didn't know you were Amado Peter Giannini's commercial loan officer at the Bank of Italy!

Wow - such stories you could tell about the '06 Earthquake and lending money from a bank made up of a plank of wood set up atop two barrels. What was AP really like and did he ever give thanks to you for memoing him on changing the Bank of Italy's name to the Bank of America? :slight_smile: :slight_smile: :slight_smile:

Ron Getty
SF Libertarian

Dear Ron,

Huuuummmm...No, I can't say that I recall what you describe. Maybe I
go back further. Huuummm, something about gold dust....

:- ))

--- In lpsf-discuss@yahoogroups.com, Ron Getty <tradergroupe@...>
wrote:

Dearest Marcy;

You were in commercial loan banking a 100 years ago?

Gosh and golly I didn't know you were Amado Peter Giannini's

commercial loan officer at the Bank of Italy!

Wow - such stories you could tell about the '06 Earthquake and

lending money from a bank made up of a plank of wood set up atop two
barrels. What was AP really like and did he ever give thanks to you
for memoing him on changing the Bank of Italy's name to the Bank of
America? :slight_smile: :slight_smile: :slight_smile:

Ron Getty
SF Libertarian

From: Amarcy D. Berry <amarcyb@...>
To: lpsf-discuss@yahoogroups.com
Sent: Tuesday, February 6, 2007 6:22:27 PM
Subject: [lpsf-discuss] Re: Daily tax rant

100 years ago I used to be a commercial loan officer at one of our
local banks. Occasionally, while looking over the tax returns of
our "high-net-worth borrowers" (such a contradiction in terms!!) I
would either roll on the floor with laughter or cry; these dudes

paid

almost zero in taxes, since as Derek implies, they had

no "income."

Meanwhile, the bankers on the "retail" side, dealing with the W-2's
of the middle class were seeing tons sucked up in infinite layers

of

tax withholdings. Just a thought: spread the word.

Marcy

--- In lpsf-discuss@yahoogroups.com, "Derek Jensen" <derekj72@>
wrote:
>
> You know what irritates me? The sheer number of bureaucrats

that

> have their hands in my pockets. If you follow the money that we
earn
> and subtract from it what we have to pay out to others, it seems

we

> have little at the end of the day for myself. Much less than

half.

>
> Federal, state, "social security", medicare, state sales tax,
> inflation tax, various local taxes implied in my monthly housing
> rent, various licensing fees, sham penalties and on and on and

on.

>
> People who inherit their wealth don't have to be so concerned

with

> such things - it's mostly property tax and inflation they need to
> worry about.
>
> The system is designed to keep up and coming meritocratic high
> earners (wealth producers)in their place. High achievers, with
> relatively low net worths pay a far higher % of income in taxes
than
> the truly wealthy do, who have political power to shift the tax
> burden to "income".
>
> The tax code is built around political favoritism and various
> attempts at social engineering. This makes the code all the more
> aggravating--the fact that it represents an attempt on the part

of

> the government not only to take away my hard earned money but

also

to
> make me behave in ways that the government, based on political
> favoritism and social engineering, wants me to behave. I resent
this
> behavior-modification purpose almost as much as the theft.
>
> The idea that the government should care whether or not I choose

to

> buy a house, or get married, or have kids, or save money for my
kids'
> college, or pay to park at work, etc. -- it's none of the
> government's business. Just leave me alone. Let me pursue
happiness
> in the way I see fit -- in a house or apartment, married or

single,