#2M22 graduated last month and now has some great offers from high-quality employers, so we broke down his potential compensation plans and put together a budget. He will now pay more just in taxes than he lived on each year in college. Guess who is now asking whether taxation is theft?
Here are folks escaping a free education and universal health care for the horrors of capitalism.
This is outstanding! ” RIP Medical Debt uses your donations to purchase bundled medical debt portfolios on the secondary debt market, and then forgives that debt at pennies on the dollar.
“RIP Medical Debt uses your donations to purchase bundled medical debt portfolios on the secondary debt market, and then forgives that debt at pennies on the dollar.
On average, $1 is leveraged to abolish $100 in medical debt, and every donation through this page will be spent directly on abolishing medical debt in Appalachia.
When debt relief recipients open the yellow envelope from RIP, they are told that their debt has been bought by a third party and erased with no strings attached. They owe nothing on the debt and face no tax penalty.”… Read the rest
I’ve explained before that property taxes are inherently immoral. This incident is an extreme example of the principle.
An 83-year-old retired engineer in Michigan underpaid his property taxes by $8.41. In response, Oakland County seized his property, auctioned it off to settle the debt, and pocketed nearly $24,500 in excess revenue from the sale.
Under Michigan law, it was all legal. And hardly uncommon.
Read the rest of this disgusting display of state power here.