The “Small” Solution to a Big Tax Problem by Marc Faber

If the government levies taxes on landowners, retailers, corporations, and individuals, it is far from certain that the targeted interest groups will actually pay the tax. Depending on a variety of factors, they may be able to roll over or shift the tax to other people (tenants, consumers, workers, etc.) either partly or entirely. As Alfred Marshall said: “There is scarcely any economic principle which cannot be aptly illustrated by a discussion of the shifting of the effects of some taxes.”

The Swedish Nobel Laureate, economist, sociologist, and politician Karl Gunmar Myrdal also contended that the results of taxes can “diverge greatly” from the intentions. (All government interventions in free markets lead to unintended consequences.) This was already obvious to David Ricardo, who commented: “Almost all taxes on production fall finally on the consumer.”

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Soros Partners with Cheney in Halliburton Deal

Billionaire oil tycoon George Soros, who recently endorsed Hillary Clinton for President, has recently teamed up with one of his nemesis, former Vice President Dick Cheney to invest big-time cash on Halliburton. Mr. Cheney is a former CEO of the corporation, which has been villified by Leftist organizations such as Moveon.org.

According to American Thinker, Mike Boyer, writing in the Passport blog of Foreign Policy Magazine, notes the gigantic stake George Soros has taken in Halliburton, the epitome of evil in the eyes of his left wing friends:"

Halliburton accounts for 3.5% of Soros' hedge fund, which signifies its fourth-largest holding.
As reported by American Thinker, "Soros' position in Halliburton is reported to be his first, which means he bought it with a full understanding of Halliburton's reputation. Soros may not see a problem with profiting from a company that has been accused of everything from sweatheart deals to cooking the books to serving U.S. troops lousy food in Iraq. The real question, however, is whether MoveOn.org, the Center for American Progress, and other organizations that have benefitted from Soros' charity will see a problem with accepting money earned off Halliburton shares?"

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