Taxing Americans to Death

Taxing Americans to Death

Mobile Home Investor · Spanaway, WA · Member since 2008 · 1k+ posts · 578 votes

We fought a Revolution with England due to taxation without representation. Now, taxes will put an end to America as we have known it. By the USA creating a Central Bank - banks cannot go bankrupt. When they use up all their funds they simply print more. This is then packaged as a debt asset and sold on the open market. China is buying up this debt and has progressed from a backwards, poor country to a modern, opulent country. They are now calling for the dollar to be removed as the world standard for valuating currency. If this takes place, the collapse of America is eminent! How are these repaid? The government promises tax money to repay these debt assets. How will they be repaid - taxes have to go up, up and up! We should be out in the streets protesting the printing of the money that is raising the taxes. The average worker is already taxed to death, but only solution for the government will be to raise more taxes.

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SFR Investor · Orange County, CA · Member since 2009 · 1k+ posts · 1k+ votes
15y

"A penny saved is a congressional oversight."

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  • SFR Investor · Orange County, CA · Member since 2009 · 1k+ posts · 1k+ votes
    15y

    "A penny saved is a congressional oversight."

  • Mobile Home Investor · Spanaway, WA · Member since 2008 · 1k+ posts · 578 votes
    15y

    The whole basis of our monetary system is what is at fault. Governments putting us into the hole and then reaching into taxpayer's pockets to pay for their mistakes. The people in control caused the problems and then got bail out money to keep them out of bankruptcy. Who besides the tax payers can bail out the USA?

  • Flipper/Rehabber · Seminole, FL · Member since 2010 · 859 posts · 316 votes
    15y

    You're correct Realtyman. We have Greek-like Austerity Measures to look forward to. The IMF would be in charge of that. The IMF also has an alternative to the USD being the world reserve currency. Its called SDR's, Special Drawing Rights. I heard that China is already investing in them.

    When (not if) they do these austerity measures, there will be cuts to social programs, and increased taxes to pay down the deficit.

    There are many trend forecasters and economists that have predicted a complete economic collapse. But every time they put a date on it, they are proven wrong by the next wave of fiat currency.

  • Mobile Home Investor · Spanaway, WA · Member since 2008 · 1k+ posts · 578 votes
    15y

    Wow - you seem to have quite a handle on this situation. If only more in America would be able to see the big picture.

  • Flipper/Rehabber · Seminole, FL · Member since 2010 · 859 posts · 316 votes
    15y

    I want to have myself and my family ready for what could happen.

    But I have lost faith in trying to spread the word or anything. Most people will not listen or believe any of it until it directly effects their lives. By then it will be too late.

    One thing is for sure, we cannot print our way out of the hole.

  • Mobile Home Investor · Spanaway, WA · Member since 2008 · 1k+ posts · 578 votes
    15y

    When will Americans again get tired of the taxation without representation and take back control of their country.

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