Happy New Taxes Day!

Well, is everyone enjoying the new “higher taxes day” holiday? You folks who live in Ontario, Canada probably know it better as “Family Day”. Let me run the numbers for you. This is important stuff. Whenever the government introduces a new holiday, it is actually introducing a new tax on the people through industry. Here’s a practical example of the most extreme case:

Transalta pays its employees forty three dollars an hour in Sarnia, On. That is the regular pay rate. That is the rate the employees used to get. Now, when an employee works on “Family Day”, he or she gets triple time for a twelve hour shift. That equates to fifteen hundred dollars, five hundred of which goes right into the government coffers. Does everyone get the math? Transalta is a power generating facility that never shuts down. These people have to be there and the government knows it. “Family Day” was just another power grabbing oportunity for big government and that’s all it is.

Not only that but it forces industry to pay people to do absolutely nothing. It is welfare, plain and simple. It is also legalized robbery. People can expect someone to give them something for nothing and they have the force of government to back them up. The classic Robin Hood syndrome; socialism at its most forceful ugliness. The reward for laziness magically produced to ensure the results of the next election.

Look at GM for example. It has become a retirement home which just happens to make cars. In 2005, General Motors payed out almost thirty million dollars for, get this now, erectile disfunction piils. This according to Paul Harvey news and comment. Now, isn’t that amazing? Where is GM now? Well, there’s talk of chapter 11 bankruptcy isn’t there.

Listen, folks. The encroachment of persons interested in taking over your life is all but complete. Enjoy family day.

Geithner apologizes for not paying taxes – Yahoo! News

Nominee for Treasury Secretary, Tim Geithner, admitted to being “careless” and “unintentional” in his personal financial dealings according to the Associated Press. Did this information come to the front in screening for the job of dog catcher in Indianapolis? NO! He is nominated to be TREASURY SECRETARY for the United States Treasury Department! Just another grand pick by the Obama-meister. Read all about it here…

Geithner apologizes for not paying taxes – Yahoo! News

American Money In Arabic?

Well, I never would have believed it had I not seen it with my own eyes. I was researching Arabic print for my son when I came across an official US government website for the Office of Domestic Finance. Keep in mind that this is U.S. currency… not Saudi. I don’t know how long the site will be active but check it out and let me know if anyone knows what the heck is going on with this.

http://www.ustreas.gov/offices/domestic-finance/acd/design/arabic/arabic.html

Dwight Duncan gets it right while Andy Barrie and Michael Hollinga are idiots

It really is unbelievable that taxpayer money is going toward funding the socialist agenda of CBC radio. On Oct. 23rd, Andy Barrie of CBC’s Metro Morning show in Toronto interviewed Ontario liberal finance minister Dwight Duncan. On the recommendation of CBC money {expert}, Michael Hollinga, Barrie suggested the finance minister should increase the price of gas by five cents per liter and have a one percent fee on healthcare. Barrie, in typical flaming ignorance, said Canadians are unfairly protected from high gas prices, citing England’s higher prices. Duncan held a reasonable ground saying Canadians already pay market prices for gas and introducing a tax increase right now would not be in the public’s best interest. Barrie countered with, “it’s not a tax increase. It’s an increase in government revenue”. The bosses at CBC must have completely given up on anyone with any intelligence at all listening to CBC radio.  Otherwise they would, and still should, get rid of this absolute idiot.
There could be a hidden agenda here, though. The CBC has always slanted left (liberal). It could be that the question was put to the minister to prop him up. To make him look like he’s for the people; the little man. Maybe Barrie was just looking for job security. Afterall, his job depends on tax revenue.
Either way, the whole Heather Malick nonsense along with Andy Barrie’s incomprehensible stupidity should cause great concern for the average, informed Canadian and if the government needs more money, perhaps they could take a look at CBC’s billion dollar budget and they could start with Andy Barrie.

Why so many people lose in the stock market

Even though everyone loves the underdog, nobody likes a loser. This is why people who live life on an emotional level do poorly in high finance. To them, the market looks more like a race than an investment. The strategy for the emotional investor goes as follows:
They buy a “winner” and expect it to keep winning.  If it doesn’t and starts losing value, it is labelled a loser and dumped with hopes for better returns on the next “winner”.
That is called buying high and selling low. It is emotional investing. People have been selling like mad these last couple of weeks and the only thing keeping the Dow from going any lower is the objective investors who are taking advantage of the enormous buying opportunities that wil make them very rich once this market correction has run it’s course.
Buying low and selling high goes contrary to inbred, western philosophy. It helps if you look at it this way: Do your homework. Support the underdog with the most potential. And wait. Otherwise you’re just gambling, and gambling is a tax on people who don’t know how to do math.

Michael D. Shoesmith
Author of “Fallen From Grace”
And “Fast Track To Freedom”
www.prosperousindividual.com