The IRS Continues To Destroy The Internet

Business, Taxation
By / / 1 minute of reading
Share

Just when we thought that the “1099 nightmare” was going to be it for 2010, we learn of the new IRS impositions on internet commerce. These rules target folks selling stuff online. People selling 200 items or making $20k on eBay, for example, shall be subject to reporting rules. People who make a living (or complement their income) by selling trinkets online will be particularly hurt by this. I foresee a reduction in business on Etsy and similar cottage industry sites. Personal sales in the open market might take a hit, at least for marginal sellers. Some might just sell less while others will have to distribute their online activity so that they are not as easy to target. To make things worse, Paypal will be required to report online activity, meaning that they will send the IRS 1099 forms that will have to match each individual seller’s information.

The 1099 nightmare extends from small businesses to tiny one-person operations. Of course, I bet that large companies can only cheer. After all, they already have systems and personnel to deal with the flood of paperwork that the money-thirsty IRS has required from society. A great win for corporatism.

The IRS Continues To Destroy The Internet Read Post »

Statism in the UK: Paychecks to be preprocessed by the state

Anti-Statism, Finance, History, Taxation, Totalitarianism
By / / 1 minute of reading
Share

Her Majesty’s Revenue and Customs, stressing “the need for employers to provide real-time information to the government so that it can monitor all payments and make a better assessment of whether the correct tax is being paid”, has proposed to modernize the UK’s income tax system.  Once employers provide payroll information in real-time, “it further proposes that employers hand over employee salaries to the government first.”

I’m sure that subjects of the Crown have nothing to fear.  The state can be trusted to process their paychecks promptly, correctly, and efficiently.  Only a crank would object to this modernization plan.  After all, everyone fondly remembers the Star Chamber that evolved out of a similar medieval program for keeping tabs on the Jews.  Since it worked out so well last time, how could anyone expect things to go wrong now?

Statism in the UK: Paychecks to be preprocessed by the state Read Post »

Hamilton vs. Kant on War and Peace

Democracy, Imperialism, Mercantilism, War
By / / 1 Comment / 3 minutes of reading
Share

As an Aristotelian libertarian, I’m not a big fan of Immanuel Kant, his philosophy in general, or his take on world peace.  But to say that I’m not a fan of Alexander Hamilton — that statist, bank centralizer, mercantilist, and crypto-monarchist — would be a vast understatement. (For more on what’s wrong with Hamilton, see Thomas DiLorenzo’s “What Hamilton Has Wrought” and Hamilton’s Curse.)

I discussed the democratic peace thesis and problems I see with the Kantian Triangle — resting on republican government, international trade, and international law and organizations — in my previous post, Triangulating Peace? Or, Three Foundations for Oppression? While trade is a peaceful activity and economic interdependence can promote peace among states, it can be perverted and used for corporatist and mercantilist ends by states and international governmental organizations (IGOs), which is why, though it pains me to say it, I must side with Hamilton’s take on the matter, excerpted from Federalist #6 below:

…

Hamilton vs. Kant on War and PeaceRead More »

Hamilton vs. Kant on War and Peace Read Post »

Scroll to Top