Saturday, October 23, 2010

Every Home Should be Store

This sounds fun. Some boys in Lewiston, Idaho ran a tiny pumpkin stand to cash in on the Lewiston Halloween market.

Not surprisingly, tax officials quickly squashed the entrepreneurial effort.

How dare kids sell pumpkins. America stopped being a free country with FDR. Parents should be teaching their kids to look to the government for their well being.

Americans voted for fundamental change in 2008, and there is no room for kids selling Halloween props in a fundamentally changed world.

As a free market radical. I applaud the kids for trying. If kids can make a few bucks carving a face into a pumpkin, then more power to them.

A primary concern of tax collectors is to drive free individuals from the market to make more money for professional shops.

If I were declared king of all, I would do the opposite. I would change the tax code so that every household was a business and applaud each time a kid invested their spark of creativity in creating a business.

This was the direction that I was headed with the Object Oriented Tax.

The OO Tax taxes an abstract object between savings and consumption. In this system, everyone has two accounts. They have savings accounts and spending accounts. People pay their taxes when they transfer money from their savings to a spending account.

The OO Tax would encourage people to invest their savings any businesses big and small. So, in the case of the pumpkin carving business, the kids would buy the pumpkins from their pre-taxed savings. They would carve the pumpkins then put the cash back into the pre-tax savings account.

When they transfer the money from their savings account to a spending account they would pay the tax.

The way the market works: the more that people are directly engaged in the process of creating, the more prosperous we become. The big government bureaucracies that squash the entrepreneurial spirits of our kids impoverish our society.

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