Current Shamrock Missive

From the Publisher's Desk
August 2011

"The Constitution is not an instrument for government to restrain the people, it is an instrument for the people to restrain the government, lest it come to dominate our lives and interests."
- Patrick Henry

The First Amendment !

This missive, by Dr. Charles Freeman, is crammed with interesting and hopefully valuable information for international individuals who wish to control their own destiny.

Such individuals need all the impartial and informed news, reports and advice they can get to help them live freely from those who seek to tax and regulate them into servitude, We at Freedom are happy to be of assistance and producing the FWPR for such people is a great pleasure for us.

Let's face facts. The more a person pays out in excessive and involuntary taxes, the more intrusive and/or pointless laws and regulations he must conform to and obey the more he belongs to the dictates and whims of other men. Governments by their nature believe that they own their citizens. They might not actually stand up and say as much, but they certainly think it.

And while I am on my soapbox ... not only do men who make up "your" government want to own you (or at the very least, control you), they so often manage the actual various affairs of state with a degree of sometimes unbelievable incompetence.

For example, no government I can think of is currently inventing more new laws and regulations to marshal their citizens towards ever greater levels of "compliance" than that of the so called "European Union". When I look at the crazy bungling bureaucracy that runs it, I shudder. The essence of any bureaucracy is that it is a system that allows all those involved in it whether officials or politicians to avoid any moral responsibility for their own actions, which for them is probably just as well. They always have plausible sounding arguments for every piece of new legislation that they produce. But the eventual results are quite often insane as anyone who objectively follows the goings on in Brussels and the many crazy and out of touch edicts that flow our from there will know only too well.

If you are like me, you might quite rightly think that as a self providing adult you are quite capable of making your own decisions about how you live your life and run your business. Also that the faceless bureaucrooks in Brussels, Washington or wherever, are the very last people you would want to make any decisions for you, particularly important ones.

Ordinary businesspeople risk getting squashed between the mafias and international bureaucracy. Organized crime could amount to $500 billion a year, according to the International Monetary Fund (IMF) or $1,000 billion, if United Nations crime consultant, Tim Wall, is to be believed. The truth is, nobody knows.

If you think you're overtaxed, consider the case of the owner of a Swedish fashion chain, Stefan Persson, who has worked all year only to find he owes more in tax than he has earned. Not surprisingly, he is now thinking of emigrating and taking his company with him.

On a taxable income of SKr178 million ($23 million) the tax grabbers are demanding SKr54 million in income tax plus SKr127 million wealth tax leaving him out of pocket by SKr3 million after working all year. In this topsy turvy nanny state, rather than run a business creating jobs, wealth and tax revenue for the government, he would be better off signing on the dole and becoming a burden on the state. How crazy can you get?

But there is worse to come, following increases in wealth tax. Assuming the same income and assets, he will be forced to find a further SKr45 million in the next tax year.

"It would be enormously beneficial for me to live in almost any other country," he comments wryly. Although he loves his homeland and has no wish to live elsewhere, he has no choice but to consider moving himself and headquarters of his company Hennes & Mauritz, abroad.

Even though 80 per cent of his firm's operations are outside Sweden, he has patriotically continued to support his country and pay his taxes. But there are limits to the price of patriotism.

One by one, major Swedish companies are being driven out to a more tax friendly environment. Some companies have already moved their headquarters not to offshore island tax havens just to other European countries with "normal" rates of taxation.

Furniture company Ikea is now in neighbouring Denmark, and packaging group Tetra is based in Switzerland. Telecom's company Ericsson does 60 per cent of its research and manufacturing in Sweden but only sells six per cent of its production within the country, so is considering moving abroad. What logic is there in staying in such an over taxed environment?

A key reason for these moves is that high taxes and social security payments are making it difficult to recruit the foreign scientists and technicians essential for Sweden's high tech companies if they are to develop new products and retain their world market share.

Would you be tempted to live in a country with tax rates up to 50 per cent, plus social security payments, high as 39 per cent levied on total earnings with no maximum limit and top of that a wealth tax on 100 percent of the listed value of shares. The Wealth tax in Sweden is not just of the super rich. It affects 42 per cent of full time workers.

Sweden is an extreme case. but the same principal applies in many of the developed countries. When these companies pull out their money and transfer their production, they generally only take a fraction of their workers with them. Those left behind are on the dole – albeit temporarily – so that the government has more unemployment benefits to pay out of – a reduced tax income.

My question to you dear readers, is what are you going to do about it?

See you next issue


"The people never give up their liberties but under some delusion."
- Edmund Burke, 1784

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