Showing posts with the label tax havens

Redneck on civics part II, living tax free

If you hate taxes you will love this guy . Death and taxes,  the only two sure things in life.  Is this really true?  I will let you know on the death part later, but is it possible to run a country without taxation?  Zero income tax, sales tax,  property tax?  Well as it turns out, the answer is yes indeedy, one country has managed to pull off this magnificent accomplishment, tax free since 1974.  The people's utopia of North Korea .  Next question. Perversely, that the DPRK has no taxes may be the best illustration of why taxation is a good thing.  There are a handful of other countries that do not have to rely so much on taxes for revenue, such as some of the  oil rich nations, or the countries  that get their revenue for providing international loopholes for banking, gambling, corporate registration, flags of convenience and such.  The thing  most of these countries have in common besides low taxes is low democracy.   People may be apathetic about their leadership, but