On Being Taxed for Owning Stuff, and Why That's OK
Submitted by admin on Tue, 11/20/2012 - 12:56The Walton children (Jim, Alice and Robson who, thanks to the beneficence of their dad, Wal-Mart founder Sam Walton, comprise a gaggle of the world's wealthiest) are apparently juggling Wal-Mart's dividend payout this coming quarter to save themselves a little money. A little money with this gaggle is a couple of hundred million dollars. This brings to mind the concept of "double taxation", invoked incessantly during the Bush years (which led, by the way, to the "fiscal cliff"), and currently received wisdom within the Republican Party.