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Taxation of earnings from labor is on a par with forced labor. seizing the results of someone's labor is equivalent to seizing hours from him and directing him to carry on various activities.
-Robert Nozick
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Taxation Of Earnings From Labor Is On

Robert Nozick
Taxation of earnings from labor is on a par with forced labor. seizing the results of someone's labor is equivalent to seizing hours from him and directing him to carry on various activities.
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Philosophy Political Liberty

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A young financial writer once brought ridicule upon himself by stating that a certain company had nothing to commend it except excellent earnings. well, there are companies whose earnings are excellent but whose stocks i would never recommend. in selecting investments, i attach prime importance to the men behind them. i'd rather buy brains and character than earnings. earnings can be good one year and poor the next. but if you put your money into securities run by men combining conspicuous brains and unimpeachable character, the likelihood is that the financial results will prove satisfactory.
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Taxation of earnings from labor is on a par with forced labor.
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If you can follow only one bit of data, follow the earnings - assuming the company in question has earnings. i subscribe to the crusty notion that sooner or later earnings make or break an investment in equities. what the stock price does today, tomorrow, or next week is only a distraction.
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I would consider directing. i think directing myself would be tough, but i'm definitely interested in directing. i might start off directing a play before i move to a film.
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Taxes are necessary. but the system of discriminatory taxation universally accepted under the misleading name of progressive taxation of income and inheritance is not a mode of taxation. it is rather a mode of disguised expropriation of the successful capitalists and entrepreneurs.
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We can ill afford to have activities conducted as "non-profit," that is, as activities that devour capital rather than form it, if they can be organized as activities that form capital, as activities that make a profit.
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