Thursday, January 22, 2009

But Where Is Your Money safe???

"Those of you who read Atlas Shrugged by Ayn Rand probably recall that John Galt (the central character) persuaded the leading industrialists and other productive capitalists in the U.S. to go on strike and move to a hidden valley called Galt's Gulch where they would be free of a socialist government. Of course, there isn't any place in the USA where a lot of people could be free of government intrusions or the increasingly confiscatory income tax."
"Charles Adams, author of For Good or Evil: The Impact of Taxes on the Course of Civilization stated that, "The list of notables who have fled their homeland to avoid heavy taxation would read like an international Who's Who. Flight is the number one device used by wealthy people to avoid heavy taxation.""
"If Galt's Gulch isn't in the USA, where might it be? The Heritage Foundation'sEconomic Freedom Index provides a ranking of economic freedom in 179 countries."
"The top two were in Hong King and Singapore, both of which are subject to the whims of the Chinese government, which is ranked at # 132. Australia was # 4 and New Zealand was # 5, with Ireland in between at # 3. The USA was # 6. Switzerland was # 9. Most of the Caribbean island nations were not listed, probably because they are part of the British Empire. In Central America, Panama is # 55, Belize is # 66 and Costa Rica is # 46."

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