There is personal income and there is corporate income.
Let us consider personal income. Personal income can be from individual exertion producing goods and/or services over a time period. That is, income derived from productive ‘working’ i.e. production.
Or it can be income derived from having money or assets to produce it, that is, income derived from ‘investing’ i.e. investments. Working income and/or investment income.
And then there is ‘taxation’.
Either source of income can be, and is, taxed by our government as the major element of their revenue, which is ‘supposed’ to be spent on public services, the government’s job!
How it is taxed and how/where it is spent are two of the most important issues for us all.
How do you think that these incomes should be taxed?
Anyone?
And then there are so many other sources and forms of revenue where governments rip us off!
Payroll tax, excise, estate tax, gift tax, rates, fines, custom and other duties, penalties, GST, customs charges, sales tax, stamp duty, registrations, licences, land tax, etc, etc…
Hell… now they want to tax retirement savings?
Where does it ever stop?
And how much of an expensive and costly bureaucracy does it take to collect all this money?
Anyone?
As for corporate income, hundreds of billion-dollar companies pay no, zero, nil, zilch tax.
That is for another letter, stay tuned (and then there are trusts, etc).
Ain’t capitalism grand and so, so wonderful (for some)?
For four decades The Echo has printed the stories some people loved, some people hated, and some pretended not to read. If you want us to keep telling the truth, the real truth, not the sugar-coated version. We’ll need your support to keep the presses rolling. 
