Margaret Collins, a writer for Yahoo! News, states in her article, "Cost of Dropping Citizenship Keeps U.S. Earners From Exit," that the IRS has taxes and fees in place that essentially trap extremely wealthy people in America.
In the article, Margaret Collins says, "Exit taxes and other costs make it prohibitive for most
high-income taxpayers and small-business owners to leave the
U.S., though they may want to go because of higher taxes at the
federal level and in states such as California." The exit taxes are designed to prevent prevent people who have a lot of money from leaving the U.S.. I am not one of those wealthy people, but this seems a little unfair to me.
Margaret Collins states in the article, "A high-income couple worth $100 million whose assets have
$50 million in gains may have a $10 million tax liability if
they decided to leave this year." This theoretical couple has enough money to live luxuriously anywhere in the world, even after that significant amount of money is taken. It still seems wrong to take so much money that they (theoretically) earned and essentially make them pay to a huge some of money just to leave the U.S.
Also stated by Margaret Collins in the article, "If the owner of a limited liability company establishes a
foreign corporation conducting business in the U.S., it may have
to pay several layers of U.S. income tax. Those include a top 35
percent corporate tax, a 30 percent so-called branch profits tax
and as much as 43.4 percent tax on non-qualified dividends
distributed to a shareholder, Entin said." This means that if a business is moved out of the U.S. but still conducts within the U.S., then the business will be subjected to much higher taxes than if it had simply remained within the U.S.. This discourages businesses from taking their money elsewhere.
Benjamin Franklin, one of the U.S.'s founding fathers, once said, "In this world nothing can be said to be certain, except death and taxes." This is certainly true in this case. The article even mentions that if someone who moved out of the U.S. but still has children here dies, then there are levies similar to the estate tax that the money has to go through before the children can receive the fraction of the money that will be left.
While millions of illegal immigrants receive amnesty and the benefits paid for by taxpayers, the people who pay for the majority of those benefits are stuck in the country.
Monday, February 25, 2013
Friday, February 15, 2013
Topic of Choice: Minecraft
Minecraft is a massive, magnificent multiplayer game in which the only goal is to survive by mining and crafting, as the title implies. The game takes place in a randomly generated world made up of blocks. The game is played by gathering resources to craft tools to enable the gathering of better resources to craft better tools. If that redundant circle ever gets boring, the game also has a building feature which I would consider to be much more fun.
The mining/surviving features of Minecraft are a part of what I would consider the less interesting of the two ways to play. The player starts off in a world of blocks with nothing but his or her fists to punch down trees with. After beating down his or her first tree, the player can use the wood to craft an axe to gather wood faster, or, perhaps, to craft a wooden pickaxe to gather stone and begin his or her mining adventure in the ground.
The building feature in Minecraft is extremely easy to understand and use and can be accurately described as "virtual legos." Whether it's an extravagant hut or a homely palace, it can be built with ease in Minecraft. The player's creation can be anything they can think of! Basically, if it can be thought of, it can be built if time (as well as a little effort) is put into the creation.
Not only can players all this digging and building alone in singleplayer, but also cooperatively over the internet. They do this by connecting to servers such as StompzCraft which are hosted by a third party. After they connect, the players can then work with (or against) each other to do whatever they wish.
With nearly 10 million copies sold on the PC alone, Minecraft is one of the most well-known video games around. That said, the developers of the game have not spent a single cent in advertising the game. The game has acquired this runaway success through "word of mouth," specifically, the flood of songs and videos that the game has inspired on YouTube.
I first played Minecraft just over two years ago. Since then, I have spent quite a bit of time both digging and building. Probably a little bit too much time. Whether or not I have wasted too much time on this game is irrelevant because I enjoyed every moment spent. I and many others will likely continue to build in our little imaginary worlds for the foreseeable future.
For more information about Minecraft, visit here or here.
Alliteration
Allusion
Oxymoron
The mining/surviving features of Minecraft are a part of what I would consider the less interesting of the two ways to play. The player starts off in a world of blocks with nothing but his or her fists to punch down trees with. After beating down his or her first tree, the player can use the wood to craft an axe to gather wood faster, or, perhaps, to craft a wooden pickaxe to gather stone and begin his or her mining adventure in the ground.
The building feature in Minecraft is extremely easy to understand and use and can be accurately described as "virtual legos." Whether it's an extravagant hut or a homely palace, it can be built with ease in Minecraft. The player's creation can be anything they can think of! Basically, if it can be thought of, it can be built if time (as well as a little effort) is put into the creation.
Not only can players all this digging and building alone in singleplayer, but also cooperatively over the internet. They do this by connecting to servers such as StompzCraft which are hosted by a third party. After they connect, the players can then work with (or against) each other to do whatever they wish.
With nearly 10 million copies sold on the PC alone, Minecraft is one of the most well-known video games around. That said, the developers of the game have not spent a single cent in advertising the game. The game has acquired this runaway success through "word of mouth," specifically, the flood of songs and videos that the game has inspired on YouTube.
I first played Minecraft just over two years ago. Since then, I have spent quite a bit of time both digging and building. Probably a little bit too much time. Whether or not I have wasted too much time on this game is irrelevant because I enjoyed every moment spent. I and many others will likely continue to build in our little imaginary worlds for the foreseeable future.
For more information about Minecraft, visit here or here.
Alliteration
Allusion
Oxymoron
Thursday, February 7, 2013
CC3: Longest Marriage
Lauren Sher, a writer for ABC News, states in her article, "Connecticut Couple Honored as 'Longest Married' in U.S.," that John and Ann Betar have been married for over 80 years, making their marriage the longest known marriage in the U.S. today.
In the article, Lauren Sher states, "John and Ann Betar of Fairfield, Conn., said "I do" on Nov. 25, 1932, and have been happily married for 80 years." These people must truly be living their American Dream. To be happily married for such a long time is quite rare and is a rather enviable position in today's age where marriages end in divorce more often than not.
Lauren Sher also states in the article, "Together they have five children, 14 grandchildren and 16 great-grandchildren." Not only is this couple happy in their in long-lived marriage, but they also have a family together. This pair has accomplished what many would consider to be the American Dream.
Also stated by Lauren Sher in the article, "The Betars said they delight in the newer generations of their family, and their descendants return the compliment." From this perspective, this family seems to have everything going for them. The couple has a large, happy family, something that is not seen too frequently anymore.
This couple has been happily married for a very long time. This is the opposite of most marriages in America now. A typical marriage now is a short and unhappy one, an unfortunate trend that is turning marriage into something that people take far too lightly.
The Betars are living the American Dream of a happy, lengthy marriage. This couple is an inspirational example of a successful marriage.
In the article, Lauren Sher states, "John and Ann Betar of Fairfield, Conn., said "I do" on Nov. 25, 1932, and have been happily married for 80 years." These people must truly be living their American Dream. To be happily married for such a long time is quite rare and is a rather enviable position in today's age where marriages end in divorce more often than not.
Lauren Sher also states in the article, "Together they have five children, 14 grandchildren and 16 great-grandchildren." Not only is this couple happy in their in long-lived marriage, but they also have a family together. This pair has accomplished what many would consider to be the American Dream.
Also stated by Lauren Sher in the article, "The Betars said they delight in the newer generations of their family, and their descendants return the compliment." From this perspective, this family seems to have everything going for them. The couple has a large, happy family, something that is not seen too frequently anymore.
This couple has been happily married for a very long time. This is the opposite of most marriages in America now. A typical marriage now is a short and unhappy one, an unfortunate trend that is turning marriage into something that people take far too lightly.
The Betars are living the American Dream of a happy, lengthy marriage. This couple is an inspirational example of a successful marriage.
Thursday, January 31, 2013
BR1: The Two Towers
The Lord of the Rings books were once the most popular books for men. They are about a hobbit, Frodo, who must take the one ring, an evil power made to rule others, to Mount Doom, a volcano, to destroy the ring. J.R.R Tolkein's The Two Towers fascinated me with interesting creatures.
A theme of the book is how power causes corruption. In the book, the opportunity to seize nearly limited power from the ring often turns good people to evil, sometimes permanently. First, Saruman joined with Sauron because he wanted to be on the winning side. Then, he tried to get the hobbits before Sauron did so he could take the power himself. Last, Gollum, a horrible, miserable creature, was driven mad by the power of the ring and now spends every waking moment trying to get it back.
The book's theme of the corruption caused by power holds true to the real world. Napolean Bonaparte became corrupted and thought of himself as an all-powerful person. He then tried to take over Europe through military conquest. He ultimately failed and was exiled to Saint Helena for the remainder of his life.
The book takes place in an imaginary world called "Middle-Earth." There is an evil power that has built up there and the previously peaceful governments have been thrown into a war with Sauron and the evil wizard, Saruman. One way this affects the conflict of the novel is that people are no longer as trusting with strangers as they were before. This makes it difficult for Frodo to get help from strangers when he is in need of assistance. A second way this affects the conflict is that the wilderness is always dangerous. The Enemy has his servants running around all over Middle-Earth. A third way this affects the conflict is the challenges that the characters face from the weather and environment often dictate their route through Middle-Earth.
I would recommend this book anyone looking for a longer read.
A theme of the book is how power causes corruption. In the book, the opportunity to seize nearly limited power from the ring often turns good people to evil, sometimes permanently. First, Saruman joined with Sauron because he wanted to be on the winning side. Then, he tried to get the hobbits before Sauron did so he could take the power himself. Last, Gollum, a horrible, miserable creature, was driven mad by the power of the ring and now spends every waking moment trying to get it back.
The book's theme of the corruption caused by power holds true to the real world. Napolean Bonaparte became corrupted and thought of himself as an all-powerful person. He then tried to take over Europe through military conquest. He ultimately failed and was exiled to Saint Helena for the remainder of his life.
The book takes place in an imaginary world called "Middle-Earth." There is an evil power that has built up there and the previously peaceful governments have been thrown into a war with Sauron and the evil wizard, Saruman. One way this affects the conflict of the novel is that people are no longer as trusting with strangers as they were before. This makes it difficult for Frodo to get help from strangers when he is in need of assistance. A second way this affects the conflict is that the wilderness is always dangerous. The Enemy has his servants running around all over Middle-Earth. A third way this affects the conflict is the challenges that the characters face from the weather and environment often dictate their route through Middle-Earth.
I would recommend this book anyone looking for a longer read.
Sunday, January 27, 2013
CC2: Gun Control
Eric Talmadge, a writer for Yahoo! News, states in his article, "Around world, gun rules, and results, vary wildly," that laws regarding guns seem to have little to do with how much gun violence there is in a particular country.
In the article, Eric Talmadge states, "Guns were used in only seven murders in Japan — a nation of about 130 million — in all of 2011, the most recent year for official statistics." This country is a case where gun regulations actually seem to work. Violence overall is minimal in Japan, likely thanks to their culture.
In the article, Eric Talmadge states, "Guns were used in only seven murders in Japan — a nation of about 130 million — in all of 2011, the most recent year for official statistics." This country is a case where gun regulations actually seem to work. Violence overall is minimal in Japan, likely thanks to their culture.
Also stated by Eric Talmadge in the article, "Gun-rights advocates in the United States often cite Switzerland as an example of relatively liberal regulation going hand-in-hand with low gun crime. The country's 8 million people own about 2.3 million firearms. But firearms were used in just 24 Swiss homicides in 2009, a rate of about 0.3 per 100,000 inhabitants." Switzerland is a somewhat rare example of a country with loose gun laws as well as low gun violence. This country seems to be one of the few that have figured out how to manage guns.
Eric Talmadge also states in the article, "According to a 2011 study by the U.N. Office on Drugs and Crime, 34,678 people were murdered by firearms in Brazil in 2008, compared to 34,147 in 2007." In spite of strict laws that nearly ban all guns, Brazil has some of the worst gun violence in the world. Brazil is evidence that strict regulations on guns is not the answer to the U.S.'s woes.
Benjamin Franklin once said, "They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety." It is unwise to just give up rights to and give more power to the government, because once they have that power, they will never let go of it.
The laws regarding guns that governments impose seem to have little effect compared to other variables. These laws are not completely without influence, but gun violence cannot be stopped by those laws alone.
Thursday, January 17, 2013
What is your American Dream?
The American Dream is not, nor should it be, something that is easily obtained. The American Dream can only be achieved through a great amount of hard work and perseverance. For me, that dream is to achieve happiness in all aspects of my life, both at home and at work.
In my American Dream, I have a job that I not only earn a decent amount of money from, but I also can derive some sort of joy from while performing my day-to-day duties. I would like to earn enough money so that I never have to worry about how I am to put food on the table every night or how I am to pay the next house payment. I dream to make enough money to never worry about how much I have. I wish to have a job that allows me to be happy while I work. I do not wish to be yet another person who dreads waking up in the morning to go to their job that they hate and be around people they cannot stand. I may not know what this dream job is yet, but I plan to continue searching until I someday discover that perfect job.
In my American Dream, I return from my job to a nice home and a loving family. I hope to acquire a house that will allow my family and me to live comfortably and without squalor. I do not want a giant mansion that occupies enough space for ten families, but I do want a house that is spacious enough to not feel cramped. I wish to live with a kind, happy family that I can support. I hope to provide what they need to lead successful lives. I do not know where this perfect home or who this perfect family is yet, but I hope to one day find them.
I understand that my American Dream is not achievable by all, even if they work their absolute hardest to get there. My American Dream may not even be achievable by me, but I plan to try my best to get there, nonetheless.
Sunday, January 13, 2013
CC1: Trillion-Dollar Coin
Matthew Larotonda, a writer for Yahoo! News, states in his article, "Trillion-Dollar Coin? WH Says No Way," that the White House has shot down the idea of minting a trillion-dollar coin to attempt to solve the National Debt problem.
In the article, Matthew Larotonda states, "The Obama administration has killed any notion of minting trillion-dollar platinum coins to solve the nation's debt ceiling woes." Obama does not want to try to use underhanded and potentially dangerous means to solve the National Debt Crisis. He wants to solve the problem by actually fixing it rather than by making it worse in the long run.
Also stated by Larotonda in the article, "In a written statement released Saturday, White House Press Secretary Jay Carney says there are only "two options" to deal with the looming need for the U.S. government to pay creditors for federal funding it has already spent." The White House knows that the idea of using the coin to pay off the debt is ridiculous. They know that, in order for the debt to be paid off, the budget must be balanced, otherwise, the problem will return.
Larotonda also states in the article, "While there are laws in place to regulate how much paper, gold, silver or copper currency can be circulated by the government, there is nothing so clearly stated when it comes to platinum." Obama knows that circumventing our own laws would look very bad on our part. This would be damaging to the reputation of the U.S. in the rest of the world and would set a very bad example for other governments follow.
This reminds me of kids in school cheating to get better grades. Rather than doing the right thing and working to do better and fix a problem that they caused themselves, they choose to use underhanded tactics to make their grade better.
The idea of disregarding our own laws and regulations and paying off our debt in such a silly way is a bit of a joke. Even if it wouldn't cause serious inflation and damage to the economy, doing so would be hypocritical of the U.S. government, since they have rules and regulations against it.
In the article, Matthew Larotonda states, "The Obama administration has killed any notion of minting trillion-dollar platinum coins to solve the nation's debt ceiling woes." Obama does not want to try to use underhanded and potentially dangerous means to solve the National Debt Crisis. He wants to solve the problem by actually fixing it rather than by making it worse in the long run.
Also stated by Larotonda in the article, "In a written statement released Saturday, White House Press Secretary Jay Carney says there are only "two options" to deal with the looming need for the U.S. government to pay creditors for federal funding it has already spent." The White House knows that the idea of using the coin to pay off the debt is ridiculous. They know that, in order for the debt to be paid off, the budget must be balanced, otherwise, the problem will return.
Larotonda also states in the article, "While there are laws in place to regulate how much paper, gold, silver or copper currency can be circulated by the government, there is nothing so clearly stated when it comes to platinum." Obama knows that circumventing our own laws would look very bad on our part. This would be damaging to the reputation of the U.S. in the rest of the world and would set a very bad example for other governments follow.
This reminds me of kids in school cheating to get better grades. Rather than doing the right thing and working to do better and fix a problem that they caused themselves, they choose to use underhanded tactics to make their grade better.
The idea of disregarding our own laws and regulations and paying off our debt in such a silly way is a bit of a joke. Even if it wouldn't cause serious inflation and damage to the economy, doing so would be hypocritical of the U.S. government, since they have rules and regulations against it.
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