Of course taxes will go up! It doesn’t matter who is in office. Consider the following FACT: the Dept of Defense alone has admitted to losing close to $10 trillion, and I won’t even bother getting into the timing when Rumsfeld first admitted that over $2 trillion went missing…you can look that up for yourself. (Do a search on Youtube, but don’t tell anyone I mentioned it to you.) The point is they’re losing our money (or spending it secretly), so why would anyone expect them to lower our taxes? Furthermore, the Baby Boomers are getting older and will need more visits to the doctor etc. Correct me if I’m wrong, but won’t this actually INCREASE the demand for Medicaid etc.? And let’s not forget we’re engaged in a war that we seemingly cannot win and cannot lose. It just….lasts. This costs money!
So if you’re concerned about your taxes going up…relax! They’re going up. Sure, the powers that be might lead you to think your income tax rate will decline. Or perhaps they’ll give you some other tidbit or Scooby Snack, like an extra deduction. But it’s all an illusion. They’re not “giving” you anything; they’re simply returning what was already rightfully yours…though it should be mentioned that they collected a year's worth of interest on the money YOU earned but decided to give you none of that.
Let’s face it, they already bought you when you started using and saving Federal Reserve Notes. Why? Simple. Inflation is the biggest tax of ‘em all, but no one’s talking about that. The money supply was inflated some 300% in the past 10 years with The Fed’s Quantitative Easing programs. Just wait until that money floods back into the economy. But the sad fact is that the money printed in 1913 is basically worthless. It's already lost over 95% of its value. Consider the following chart:
How does this effect us? See below:
And rest assured, the next recession will come along sooner or later. Interest rates will rise, people (by the millions) will lose their savings, investments, and homes….and the same entity that buys this stuff up at pennies on the dollar will do it again….and again…and again…and again. It’s the same old play from the same old playbook. Inflate the bubble, get the suckers to invest, and then skip off with their assets.
The sad fact is Americans simply don’t care…we’re too busy bickering with each other about National Anthems, gun rights, political parties and gender designations. You’d think society would have a little more to worry about in terms of taxation and preserving wealth. Well, perhaps an educated society capable of critical thought might be waging that debate and joining hands to stop the steamroller before it flattens us. But like I said, we’re too busy fighting with each other over useless crumbs that amount to nothing.
Ironically, in our futile quest to promote our own personal and individual culture, we’ve created a cultureless society that cares nothing for anything but our own perceived acceptance from those whom we are constantly demonizing, despising, and demoralizing.
Hey, just for added measure, consider the size of the IRS tax code. What is it today...about 80,000 pages? Good luck to all of us. But then again...we allowed this to happen and turn a blind eye every day.