Quizzes & Puzzles1 min ago
What is the difference?
Clarify please: Is there a difference between profits and taxation? Is it merely a semantic difference?
It appears to us that taxes are a public profit while profits are a private tax. Their function is the same - to redestribute money. What is wrong with this statement, or is this true? Are they both the same thing but simply named differently?
Answers
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No one can avoid paying a profit (private tax) because everyone eats drives, etc. The difference between private profit (a private tax in reality) and a government tax (a public profit in reality) is:
1.) no controls on profit � evidence: $36 billion Exxon profit, while fixed income retirees and we at the pump cut back heat and fuel; ENRON hijacked California electrical prices, employee's retirement and investors� cash; US Contractors in Iraq war stole $10 billion; decontrolling Banks lead to Savings & Loans� scandalous $1 trillion cost; 400,000 annual deaths for Cigarette firms� benefit; Bill Gates' monopoly wealth between $50-90 billion (depending on current stock value). Only a handful of executives and investors benefit but We All pay this uncontrolled profit (the private tax), willingly or not. This system is a social tax - welfare for the wealthiest of our Nation.
2.) tax can be controlled by appeal, by vote, or dodged by legal loop holes, especially if you are a Bill Gates, any large corporation or church. Bill Gates' worth, if cashed in, would eliminate poverty from 45 million Americans and everyone could access health services. But, Microsoft (created by IBM � the world�s largest firm at the time) will sell $500 inferior software, which costs only $40 to produce, because they are a monopoly.
Two other highly profitable institutions (Universities and the Media) daily teach the falsehood that Profit is Good & Tax is Bad. They have a vested interest in protecting this fiction. In truth: Profit and Tax is the same thing mechanically - they redistribute money. The true cost is the pain of poverty, untreated illness, and early death for millions of Americans.
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