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PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Tag Archives: wealth

“Pope” Demonstrates Economic Ignorance

06 Thursday Feb 2020

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ Comments Off on “Pope” Demonstrates Economic Ignorance

Tags

economics, Pope, taxes, wealth

“Pope Francis” [SIC?] explained the“structure of sin” he sees in the institution of tax havens.

“Every year hundreds of billions of dollars, which should be paid in taxes to fund health care and education, accumulate in tax haven accounts,” the pontiff told participants in a Vatican seminar, “thus impeding the possibility of the dignified and sustained development of all social agents.”

…

“If extreme poverty exists in the midst of wealth (also extreme) it is because we have allowed the gap to widen to become the largest in history,” the pope said. “The world’s 50 richest people have $2.2 trillion worth of assets. These fifty people alone could fund the health care and education of every poor child in the world, whether through taxes, philanthropic initiatives, or both.”

Stealing the assets of those fifty people, for the benefit of the masses would result in 50 people slowly rebuilding their wealth, poor children growing into poor adults, and hundreds of millions of middle-class people out of work and destitute. It’s not in a vault, Scrooge McDuck-style. Why doesn’t the “Pope” – and where is Pope Benedict on this, anyway?? – look into the total transfer of the world economy into the hands of the usurious wizards? Might a jubilee do more good and be more in keeping with Biblical doctrine? No, taxes are his answer. Taxes collected by the taxman, a character Jesus was known to strike blind.

A Wealth of Taxes

17 Tuesday Dec 2019

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ Comments Off on A Wealth of Taxes

Tags

corporations, Federal Reserve, taxes, wealth

Large corporations, those wily government entities, pay next to no taxes.

About 400 of America’s largest corporations paid an average federal tax rate of about 11% on their profits last year, roughly half the official rate established under President Donald Trump’s 2017 tax law, according to a report released Monday.

The 2017 tax law lowered the U.S. corporate tax rate from 35% to 21%, but in practice large companies often pay far less than that because of deductions, tax breaks and other loopholes.

In the first year of the law, the amount corporations paid in federal taxes on their incomes – their “effective rate” – was 11.3% on average, possibly its lowest level in more than three decades, according to a report by the Institute on Taxation and Economic Policy, a left-leaning think tank.

Yeah, yeah. Whatever. This did get me thinking though. My comrades over at TPC, two of them, have of late been defending taxation with zeal. One promoted the “wealth” tax. That… How about a corporate wealth tax? One aimed primarily at private banking corporations? One in particular. This particular private bank has assets and wealth that must be imputed given the bank’s unique ability to create such out of thin air. I suggest a putative assessment of infinity. The tax could be levied accordingly. Now, since we have no need for infinite money, I think a rate (or number) sufficient to PAY OFF EVERYTHING should do it. One time. No more debt of any kind. And then, abolish said private bank and send its owners packing. Yes?

Christmas Then and Now

23 Wednesday Dec 2015

Posted by perrinlovett in Other Columns

≈ Comments Off on Christmas Then and Now

Tags

Christmas, cigar, Jesus Christ, Materialism, society, wealth

Michael Snyder, herald of the Decline, juxtaposed a 100-year-old letter to Santa with the holiday revels of the modern affluent. It’s interesting to see how far we’ve come down the road of materialism.

100-Year-Old-Christmas-List-Home-Mellen

Seven year old Homer politely requested some paint and a sack.

tumblr_nz7ox2XRXT1rb86ldo1_1280

These days …

I looked through the pictures at Rich Kids of Instagram. I like nice things but I detest the tacky. The only thing that impressed me was a Cuban Bolivar. Okay, some of the ladies impressed by sight though I would dread a conversation.

I’m impressed by the simplicity of Homer’s letter. I also wish the children of the super-rich well. Again, nice things are nice. They are also, sadly, historically signs of societal decay when taken to constant extreme.

And, mind you, none of this has anything to do with Christ. Remember Him?

Perrin Lovett

From Green Altar Books, an imprint of Shotwell Publishing

From Green Altar Books, an imprint of Shotwell Publishing

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