Tax the Rich to Avoid Social Unrest?

Britain which has seen an influx of wealthy European Union migrants in recent months who are fleeing excessive taxation on the continent (France has proposed up to a 75% rate) have found a way to welcome their wealthy, fellow Europeans…tax the rich!

As part of the global push to tax the rich, Britain is now debating an “emergency” wealth tax. But the idea has hit fierce opposition from conservatives, who say the “politics of envy” hasn’t made the country rich.

Deputy Prime Minster Nick Clegg, leader of the Liberal-Democrat Party, has proposed a one-time tax on the wealth (rather than the incomes) of high-net-worth Britons. The details aren’t clear, but Clegg says the country is facing an economic war caused by a prolonged recession, and needs to tax the rich in order to avoid social unrest.

via ‘Emergency’ Tax on the Rich Roils Britain – U.S. Business News – CNBC.

A one time tax on wealth sounds remarkably like something else to me…at least a thief won’t tell you that he’s taking your hard earned assets for your own good. (more…)

Why Prep, Part 3 Triggers & Stressors

Note from Andrew: The complete Why Prep Series has now been consolidated HERE.

Today we present the third article in our series on why to prepare for disaster.  In the first article, ‘Why Prep, The Introduction’ we asked and answered the following question:

Question:  Why Prep…why become more self-reliant?

Answer:  Because it’s the only reasonable and logical response to an unknown future and even a cursory study of history.

In the second article, ‘Why Prep, Historical and Current Examples’ we discussed examples of places and periods where preparedness could have made the difference between survival and suffering (or worse) for you and your family.  In this third installment we’ll discuss stressors and triggers for potential The End Of The World As We Know It (TEOTWAWKI) situations.

Today we’re going to talk about stressor events and triggers.  A stressor event is an occurrence that has the potential to change a system or society.  Stressor events happen all the time and can vary dramatically in the amount of stress or influence they place on a system.  Some examples of stressor events are election outcomes, legislation, trade wars, disease outbreaks, government spending programs, wars, acts of terror, social movements, development or loss of key infrastructure (like the internet you’re browsing), information releases (like the Watergate scandal) or changes to the physical environment (like drought or natural disasters).  From a societal standpoint, stressors often manifest themselves in multiples and if significant enough disruption occurs…they can create a situation that cascades out of control.  While it’s an overly simplified model think of these stressors from the last century:

  1. Germany loses World War I and a large percentage of its reproductive age males
  2. War damage and reparations create severe economic hardship
  3. Rise of the National Socialism in Germany bringing Adolf Hitler and his Brownshirts to power (were the Brownshirts easier to recruit due to a lack of fatherly guidance?)
  4. Election of 1933 gives Hitler enough power in the Reichstag to pass the Enabling Act and assume dictatorial powers

This example from history led to TEOTWAWKI for much of the world from the mid 1930’s to the mid 1940’s and eventually ushered in the atomic age.

(more…)

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