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Post by Leon on Aug 31, 2019 0:55:04 GMT
Every summer, a Utah non-profit agency called the Libertas Institute holds an entrepreneurship event for children. It’s a wonderful idea– children as young as 5 gather together in a marketplace to buy and sell products and services that they’ve created to one another. And parents are strongly encouraged to step back and let their kids be in charge– advertise, negotiate, count money, and make the sale. So it really is children doing business with other children. Obviously no one is getting rich from this; the larger point is to start cultivating the desire within the next generation to build and grow their own companies. The Libertas Institute held one such event at Spanish Fork, Utah a few weeks ago on August 7. And for the first time since they’ve been holding these, the local tax collectors showed up, demanding that the kids pay city sales tax on the day’s transactions. Moreover, the tax collectors insisted that even kids who didn’t make a single sale that day should still file tax forms with the state government. Click here for the full story.
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Post by TheMark on Aug 31, 2019 11:09:47 GMT
I think this is great in every aspect.
This event taught children essential social skills (advertise, negotiate, etc.), practical skills (count money, etc.) and the tax collectors, in their zeal to skim off profits from children's unstructured play time, have planted the seeds in the children to be small government Libertarians.
The tax collectors, in their quest to squeeze every penny possible from children for the State coffers, have induced fear and anger into child and parent alike. Me thinks there will be a lot of angry voters at the next city council meeting. And a change of city leadership if they are not heard.
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