Friday, August 31, 2012

Italy: Wealthy Yacht Owners Targeted by Tax Authorities

Thursday, August 30, 2012 – by Staff Report

Yachts Raided by Tax Authorities in Italy ... August should be the high season for yachters lounging off the coast of Italy. But this summer, many are staying clear to avoid a new threat: tax authorities. Yacht brokers say that mega-yachts sailing off the Tuscan and Amalfi coasts have been increasingly targeted by tax inspectors looking for revenue. The tax inspectors, who often board the boats at marinas, are carrying out what Italian Prime Minister Mario Monti last week called "a state of war" against tax evaders. – CNBC
Dominant Social Theme: These one-percenters are a greedy disaster and should be strung up.
Free-Market Analysis: The disease of class envy is upon us once again. We've watched the power elite whip up this meme and it is truly off-putting if you are sensitive to these things.
We cover elite themes so we do indeed notice what is transpiring and, of course, how it is all converging, the way elite promotions often do. It is part of an effort, in our humble view, to promote a certain kind of social divisiveness.
The power elite wants to run the world and what we call the Internet Reformation has made it difficult for their conspiracy to come to near-term fruition. In fact, they're being exposed every day.
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