Quantcast

PJTV: “Going Galt”: One year later

March 13, 2010
By

My show is from the PJTV studio in Washington D.C. where I interview Ed Hudgins of the Atlas Society on “Going Galt” one year later. We talk about “going Galt,” the Tea Party movement and why it’s time for Americans to launch a moral offensive to combat encroaching government.

You can watch the show here.

584 views

  • http://intensedebate.com/profiles/800cart 800cart

    Your Personal Obama Smackdown: Deprive Big Government of Tax Revenues While
    Improving Your Own Revenues

    One businessman I visit with regularly put it most succinctly:  "If all
    of the US's 130 million taxpayers would take the normal tax credits and
    deductions of about $4k they would get in the first year for starting a
    micro-business, they would instantly deprive the government of $552 billion
    (over half a trillion!) dollars in tax revenue.  My question is: why isn't
    everyone who believes in this country starting a tiny business?  With such
    sudden and huge fall in revenue, the government would either have to openly
    enslave us or reduce big government to a much more realistic scale!  And
    the new business owners would have total job security because they can never be
    fired."

    Pajamas Media's Dr. Helen has been discussing <base target="_blank">

    'going Galt' or just 'Galting'
    for short.&nbsp; Galting is the idea that you
    have the option and even the patriotic duty to legally reduce your income and
    taxes owing to deprive the government of revenues to over-regulate your life.&nbsp;&nbsp;
    My friend's company and my own company have become highly successful
    laboratories for Galting while still continuing to contribute to our improving
    lifestyles.&nbsp; Yes, I am saying that you don't want to hurt yourself by
    reducing your taxable income to the poverty level voluntarily, but there are
    legal ways you can shield income, benefit from tax deductions and credits,
    creatively domicile your business or revenue streams, and reduce the taxes you
    must pay while still improving your lifestyle.&nbsp; All while being your own
    boss and getting to make the final decision as to whether you get fired or laid
    off by your company!&nbsp;

    Our biggest question to each other, of course, was why aren't more people
    doping this?&nbsp; We decided it was because there are many myths about small
    business that must be exploded before potential small entrepreneurs take the
    leap.&nbsp; Full disclosure:&nbsp; I help manage an ecommerce service that has
    helped over 10,000 online merchants, so I have lots of opportunities to talk to
    small businesspeople who are highly creative about making their small businesses
    appear as big businesses.&nbsp; Including 'going international' in micro-ways
    that make mega-contributions to their profits, without being a big 'mutinational
    company'.

    Myths Exploded About Starting a Small Business

    ( for everything below, consult your accountant and and local regulations, but
    be bold!)

    Myth: There are too&nbsp; many regulatory hurdles to starting a business.&nbsp;
    Truth: You own a business when you say you do – not when the
    government agrees to it.&nbsp; Many businesses are started for $12.00 by simply
    publishing a fictitious business name in the local paper (or purchasing a local
    business license for $50) and for the first year or two, run out of the owner's
    personal checking account.&nbsp; As long as your business revenues are less than
    'in the millions' (even the SBA considers a $19 million business a 'small
    business') the government bodies at all levels have almost zero interest in you!&nbsp;
    This is especially true if you own an online business, which is the most popular
    type of business to start these days on a micro-budget.&nbsp; The simple fact is
    that new small businesses fly almost completely under the government's radar –
    the sums involved are simply too small to trouble governments that need BIG
    revenues.&nbsp;&nbsp; Also, a few simple strategies (discussed below) can take
    you mostly off the 'local domicile' radar.

    Myth: The tax credits and deductions for new businesses are hard to get.&nbsp;
    Truth: nothing could be further from the truth!&nbsp; You have to be honest, and
    your tax preparer can help you with this, but one thing the Obama administration
    has not been able to do yet is take away the honest (and by some lights,
    generous) tax deductions and credits for small business formation.

    Sometimes it takes fear to get us to take bold action.&nbsp; If the fear for
    your country isn't enough to do the trick, then perhaps the fear of unemployment
    (or continued unemployment) will get you to take the bold step to start your own
    micro-business.&nbsp;

    But for my friend and I and for many others we know, starting a business
    meant actually living the attractive concepts of freedom and liberty; of being
    the one on the spot to succeed of fail; of getting up every morning with a
    splendid mission; of rising to the many fun challenges of winning in business.&nbsp;

    And serving our country by being a provider rather than a taker. You can do
    the same!&nbsp; Just click.

  • http://intensedebate.com/profiles/800cart 800cart

    Your Personal Obama Smackdown: Deprive Big Government of Tax Revenues While
    Improving Your Own Revenues

    One businessman I visit with regularly put it most succinctly:&nbsp; &quot;If all
    of the US's 130 million taxpayers would take the normal tax credits and
    deductions of about $4k they would get in the first year for starting a
    micro-business, they would instantly deprive the government of $552 billion
    (over half a trillion!) dollars in tax revenue.&nbsp; My question is: why isn't
    everyone who believes in this country starting a tiny business?&nbsp; With such
    sudden and huge fall in revenue, the government would either have to openly
    enslave us or reduce big government to a much more realistic scale!&nbsp; And
    the new business owners would have total job security because they can never be
    fired.&quot;

    Pajamas Media's Dr. Helen has been discussing <base target="_blank">

    'going Galt' or just 'Galting'
    for short.&nbsp; Galting is the idea that you
    have the option and even the patriotic duty to legally reduce your income and
    taxes owing to deprive the government of revenues to over-regulate your life.&nbsp;&nbsp;
    My friend's company and my own company have become highly successful
    laboratories for Galting while still continuing to contribute to our improving
    lifestyles.&nbsp; Yes, I am saying that you don't want to hurt yourself by
    reducing your taxable income to the poverty level voluntarily, but there are
    legal ways you can shield income, benefit from tax deductions and credits,
    creatively domicile your business or revenue streams, and reduce the taxes you
    must pay while still improving your lifestyle.&nbsp; All while being your own
    boss and getting to make the final decision as to whether you get fired or laid
    off by your company!&nbsp;

    Our biggest question to each other, of course, was why aren't more people
    doping this?&nbsp; We decided it was because there are many myths about small
    business that must be exploded before potential small entrepreneurs take the
    leap.&nbsp; Full disclosure:&nbsp; I help manage an ecommerce service that has
    helped over 10,000 online merchants, so I have lots of opportunities to talk to
    small businesspeople who are highly creative about making their small businesses
    appear as big businesses.&nbsp; Including 'going international' in micro-ways
    that make mega-contributions to their profits, without being a big 'mutinational
    company'.

    Myths Exploded About Starting a Small Business

    ( for everything below, consult your accountant and and local regulations, but
    be bold!)

    Myth: There are too&nbsp; many regulatory hurdles to starting a business.&nbsp;
    Truth: You own a business when you say you do – not when the
    government agrees to it.&nbsp; Many businesses are started for $12.00 by simply
    publishing a fictitious business name in the local paper (or purchasing a local
    business license for $50) and for the first year or two, run out of the owner's
    personal checking account.&nbsp; As long as your business revenues are less than
    'in the millions' (even the SBA considers a $19 million business a 'small
    business') the government bodies at all levels have almost zero interest in you!&nbsp;
    This is especially true if you own an online business, which is the most popular
    type of business to start these days on a micro-budget.&nbsp; The simple fact is
    that new small businesses fly almost completely under the government's radar –
    the sums involved are simply too small to trouble governments that need BIG
    revenues.&nbsp;&nbsp; Also, a few simple strategies (discussed below) can take
    you mostly off the 'local domicile' radar.

    Myth: The tax credits and deductions for new businesses are hard to get.&nbsp;
    Truth: nothing could be further from the truth!&nbsp; You have to be honest, and
    your tax preparer can help you with this, but one thing the Obama administration
    has not been able to do yet is take away the honest (and by some lights,
    generous) tax deductions and credits for small business formation.

    Sometimes it takes fear to get us to take bold action.&nbsp; If the fear for
    your country isn't enough to do the trick, then perhaps the fear of unemployment
    (or continued unemployment) will get you to take the bold step to start your own
    micro-business.&nbsp;

    But for my friend and I and for many others we know, starting a business
    meant actually living the attractive concepts of freedom and liberty; of being
    the one on the spot to succeed of fail; of getting up every morning with a
    splendid mission; of rising to the many fun challenges of winning in business.&nbsp;

    And serving our country by being a provider rather than a taker. You can do
    the same!&nbsp; Just click.

  • zulu127

    Make sure you maximize profit no matter what you do to your fellow humans…great way to construct a better world!






Bitcoin Plus Website Miner

What's this?Bitcoin Plus

Dr. Helen Smith is Digg proof thanks to caching by WP Super Cache