Going Galt

[tongodeon]

Libertarians and tax reform advocates have been advocating going Galt. Named after John Galt from Atlas Shrugged, Galt and his fellow individualist captains of industry "go on strike" by withdrawing his entrepreneurial talents from the collectivist common men whose socialist governments and progressive tax structure did not provide sufficient

Comments

[jwgh]

Another option: "Going Brahe" and cutting off one's nose.

[mcfnord]

I am on the last chapter of Atlas Shrugged, and find comparasons to the book overblown.

Last year I did decide to quit when I hit the 25% tax rate. It seemed too annoying that one day I paid a dime more on each dollar. So I did go Galt b4 it was popular.

This year I won't have this problem.

[cdk]

Why not stop when you exhaust the standard deduction, then? Same dime hike on the next dollar there.

[mcfnord]

i itemize. i've done some cool stuff with consumer credit when it was free though. i could max out my 401k while staying in the 10% rate.

[cdk]

Ok, but still, you likely encountered a point where the last dollar you earned was not taxed, and the next dollar you earned would be taxed at or near 10%. At some point, the next dollar you earned was going to give you a dime less than the previous one. Why is that a different situation?

[glaucon]

I will be "going Dorian Gray" by refusing to die once my estate is worth more than $3.5-$5 million.

awesome.

[chemicalpilate]

I can't even imagine what I'd do with $200,000 in net income per year. I guess considering I make about one order of magnitude less than that, it's not really possible for me to imagine even having that much money.

[steeltoe]

This sound's snarky, but it isn't - that is exactly why you don't make/have that much money - it isn't a goal for you so you don't pursue the things that lead to it.

[chemicalpilate]

I feel complimented even if you didn't intend it that way.

[tongodeon]

To be clear, I do not earn $200,000 in net income per year. And neither, I suspect, do most of the people who are bragging about "going Galt".

In the words of woody allen

[drieuxster]

He opted to secure his immortality by not dying....

Clearly your Going Dorian Gray is merely more of the same old failed liberal Class Warfare....

Rather than the true quest for the appropriate immortality!

Re: In the words of woody allen

[tongodeon]

I'm just waiting for you to "go Ahab" by letting your hate consume you, then strapping yourself to Dick Cheney.

Re: In the words of woody allen

[crisper]

Maybe you could "go Leopold Bloom" and, uh, represent whatever the hell Joyce's message was in ULYSSES.

Re: In the words of woody allen

[drieuxster]

Clearly the voices in your head are not working and playing well with other's...