Chapter Quotes

Manifesto

All of human history has been a struggle of those who seek happiness and success by the means of freedom and risk-taking against those who seek job or income security.

Those who seek success are always changing — they live in a world of change and have learned to cope with change.

Labor is Property

The foundation of all the values of a capitalistic and entrepreneurial society is comprehending the right relationship between labor and property.

The laborer has no moral obligation to declare the existence of any property created by his/her labor.

The Value of Property and Labor

The bourgeoisie and proletariat, however, would have us believe that people enter the market with unequal skills or talents.

All labor is equal, and no labor is superior, but only different and produces different kinds of property.

Money is Property

Money is property and is equal to any other form of property.

The entrepreneur is in a constant struggle against those who do not view money as property and the result of labor.

Control of Labor or Property is Slavery

Slavery is simply the control of one’s labor by another and thus the ownership of one’s property.

Even when control of one’s labor does not reach the magnitude of outright, full control, it is still involuntary servitude.

Brief History of Taxation

Revenue, as always, was important but more important was making sure each person understood their place under the king and the king had a way to measure their obligation.

The entrepreneur desires a tax system based on the benefits received and not one’s ability to pay.

Property Tax is Slavery

With the modern property tax, neither production nor consumption is taxed. What is taxed is legally owned property.

Property tax is a relic of the Middle Ages ...

Income Tax is Slavery

Today the income tax ensures obligation to the state by ensuring everyone funds the State by controlling a portion of everyone’s labor and making us all involuntary servants to the State.

What are Just Taxes?

Since all labor is property and the State’s purpose is to ensure just transactions of property, then it stands to reason a just tax is a tax on the value of the transaction to support the infrastructure that allowed the transaction to occur.

Two Other Great Injustices

The idea of patents and copyrights are not unjust, but the prolonged exclusivity have caused them to become unjust.

The right of exclusivity must be short, or the concentration of power becomes great and the benefits to society become stagnant.