Pointing Out Tax Hypocrisy

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“A democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.”

–Alexis de Tocqueville

When it comes to true chutzpah, there is nothing like being subject to pay a tax that’s been voted on by your neighbor — and one that your neighbor doesn’t also have to pay. The great Alexis de Tocqueville knew this and warned us all of the dangers nearly 200 years ago.

Wisdom about money, investing and life can be found anywhere. If you have a good quote you’d like me to share with your fellow Weekly ETF Report readers, send it to me, along with any comments, questions and suggestions you have about my audio podcast, newsletters, seminars or anything else. Ask Doug.

In case you missed it, I encourage you to read my e-letter column from last week on Eagle Daily Investor about why you should assess your ETF situation. I also invite you to comment in the space provided below my Eagle Daily Investor commentary.

All the best,
Doug Fabian
Doug Fabian

San Francisco MoneyShow, Hilton Union Square, Aug. 21-23: I’ll be speaking at the San Francisco MoneyShow this August, and I hope to see you there. Other speakers at this year’s event include Dr. Mark Skousen, Rich Karlgaard (publisher, Forbes), Roger Conrad, Elliot Gue and John Ransom. Admission is complimentary to my subscribers, but you must register: For details, call the Money Show at 800-970-4355 and mention priority code 035777.

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