MCViewPoint

Opinion from a Libertarian ViewPoint

Doug Casey on the Push for Global Taxation… and What Comes Next

Posted by M. C. on August 11, 2022

There’s always been a move towards world government on the part of a certain type of person—the kind who thinks they know what’s best for everyone else. Busybodies who are willing to use force to ensure you do what they think is right. It’s a disastrous idea. These people are the enemies of individualism, liberty, free markets, and Western values in general. They’re actually antihuman.

As I’ve often said, there are two types of people in the world: People who like to control physical reality and build things. And people who like to control other people. They’re the kind who go into government and push these ideas.

International Man: Last year, the Organisation for Economic Co-operation and Development (OECD) and more than 130 countries agreed to set a minimum global corporate tax rate of 15%.

What’s your take on this push for global taxation?

Doug Casey: They say only two things in the world are inevitable: death and taxes. Both evils, to be avoided. With technology developing at its current pace, let’s discuss the inevitability of death another time. But, unlike death, taxes aren’t part of the cosmic firmament. They’re neither necessary nor desirable.

Let’s go back to the basics, define the word in question, and look at the moral concepts that surround the subject.

What is taxation? It’s actually theft. Why do I say that?

If you look up the dictionary definition of theft, it says, “the act of stealing, specifically the felonious taking and removing of personal property with intent to deprive the rightful owner of it.”

There is no clause that says, “unless you’re the government, then it’s taxation and not theft anymore.” Theft is theft, even if you and a few associates set yourselves up as the government and decide to call it something else. It’s still destructive, criminal, and immoral, even if you decide the theft is for a “good” purpose.

The ideal in a moral society is voluntarism. Coercion is kept to a minimum. It certainly isn’t institutionalized and made part of the cultural fabric. If funds are needed or wanted, no one has a right to hold a gun to someone else’s head and steal them.

How you think and feel about the subject of taxation is a reflection of your worldview, your ethical makeup, and your essential character. Do you prefer voluntary exchange or coercion? Of course, coercion is the essence of government. That’s why government should be limited to the greatest degree possible.

In that light, it’s very disturbing that 130 national governments have already endorsed the notion of a 15% minimum tax. Why aren’t they, instead, talking about a 15% maximum tax?

If this destructive idea is implemented, at best, we’re going to wind up another layer of bureaucracy to administer worldwide pork barrel spending. Those who are already rich, the politically connected, and the apparatchiks will be huge beneficiaries. Society at large will suffer a big drop in the standard of living.

This trend is evil, destructive, and unnecessary. It should be fought against, not just because it will slow, distort, or even destroy the world economy. Taxes degrade everything, as does any form of theft. But taxes shouldn’t be fought with practical or economic arguments; they should be fought primarily on an ethical and a moral basis.

International Man: So far, the US government hasn’t signed on to the OECD deal even though Secretary of Treasury Janet Yellen has strongly supported the creation of a minimum global corporate tax rate.

Do you think American companies and citizens will eventually be under the yoke of a global taxation regime?

Doug Casey: Yes. There’s always been a move towards world government on the part of a certain type of person—the kind who thinks they know what’s best for everyone else. Busybodies who are willing to use force to ensure you do what they think is right. It’s a disastrous idea. These people are the enemies of individualism, liberty, free markets, and Western values in general. They’re actually antihuman.

See the rest here

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