When President Obama endorsed going back to school shortly after he came into office, very few Americans understood what the full ramifications of this would be. Coupled with the fact that under Obama, the government has taken over the Student Loan industry, millions of Americans have become debt slaves to Uncle Sam.
And to deal with the 30% of student loan debtors who are delinquent in their payments, the government has moved towards stricter ways of getting its money back, and this now includes withholding Social Security payments to worthy recipients… see here
“…This tax will add to the $500 billion in tax increases that are already in Obamacare. Now that Congress can use the taxation power of the federal government to compel behavior or lack thereof, what’s next? More taxes if we don’t drive Toyota Priuses or if we eat too much junk food or maybe even pea soup?
This decision has made America less free. ‘We The People’ have been told there is no choice. You must buy health insurance or pay the new Gestapo – the I.R.S.
Even more disheartening is that reviving the American dream just became nearly impossible to do. We are now a nation in which supports dependency rather than independence. Instead of encouraging self-reliance we are encouraging people to rely on the government...” via Yahoo! News.
IRS officials on background tell FOX Business the U.S. Supreme Court ruling on health reform gives the IRS even more powers than previously understood. The IRS now gets to know about a small business’s entire payroll, the level of their insurance coverage — and it gets to know the income of not just the primary breadwinner in your house, but your entire family’s income, in order to assess/collect the mandated tax.
Plus, it gets to share your personal info with all sorts of government agencies, insurance companies and employers.
And that’s just the tip of the iceberg. “We expect even more lien and levy powers,” an IRS official says. Even the Taxpayer Advocate is deeply concerned. Continue reading
Potential employers have to respond to the incentives and disincentives that exist in today’s world, and those do not favor conventional permanent employees. I know you’re hard-working, motivated, tech-savvy and willing to learn. The reason I can’t hire you has nothing to do with your work ethic or skills; it’s the high-cost Status Quo, and the many perverse consequences of maintaining a failing Status Quo.
The sad truth is that it’s costly and risky to hire anyone to do anything, and “bankable projects” that might generate profit/require more labor are few and far between. The overhead costs for employees have skyrocketed. So even though the wages employees see on their paychecks have stagnated, the total compensation costs the employer pays have risen substantially.
Thirty years ago the overhead costs were considerably less, adjusted for inflation, and there weren’t billboards advertising a free trip to Cabo if you sued your employer. (I just saw an advert placed by a legal firm while riding a BART train that solicited employees to sue their employers, with the incentive being “freemoney” for a vacation to Cabo.) Continue reading
The Supreme Court’s Obamacare ruling on Thursday cuts right to the very fabric of the relationship between a once-limited government and a once-free citizen, but the eternal struggle between liberty and tyranny endures. It is a beginning, not an end.
As enormously important as the high court’s Obamacare ruling is – and it’s huge – it’s not the final word. The legal and political dust has not yet settled, and it will take some time for the unpredictable ripples to form the powerful waves of history. Yet, history waits for no man, so we begin by asking: What now? Continue reading
…It’s getting ever harder, less private, and more hazardous to deal in Federal Reserve Notes. We’re being unsubtly nudged toward the use of noncash techniques — mainly bank instruments and Electronic Funds Transfers — for our routine dealings. Inasmuch as that concentrates the State’s targets for snooping and predation, it suits our political masters very well… via Liberty’s Torch: King Cash.
The collection agency for the Federal Reserve known as the Internal Revenue Service (IRS) is working with legislators to gain control over the rights of Americans. Without the right to due process, the IRS can simply claim a citizen owes $50,000 dollars or more to their illegal operation. This accusation alone will give their agency the right to revoke American’s travel rights and even remove the right to own a firearm…. via American Vision News.
A Swiss tribunal blocked the release of the name of U.S. taxpayer holding a secret Credit Suisse account to the Internal Revenue Service. The April 5 decision was announced in a Tuesday press release, which noted the ruling cannot be appealed.,,,,WSJ.