Lots of manipulation to arrive at his conclusion. The main misrepresentation I see is him purporting that Income = Profit...but in the most base of terms Income - Expenses = Profit. True enough though, there are different distinctions from gross income to net income. Also, his stance that expenses can not be deducted from wages is not exactly true either. There are plenty of expenses that can be deducted from gross income...just that the standard deduction is usually higher. Self-employed can deduct even more...and the very wealthy often 'incorporate' themselves to deduct even more. One thing is for sure, the system is set up to rob more from the folks at the lower end of the spectrum.rSin wrote: ↑Tue Jul 13, 2021 7:17 pmhttps://foundationfortruthinlaw.org/Gri ... ticle.html
Yeah, Reagan fuk'd us hard with his piss-on-you economics...letting the rich keep their money, and sending the bill to future generations.roller24 wrote: ↑Tue Jul 13, 2021 7:28 pmI never saw those 82- numbers, that does tell a story.
But back to my original remark on Yellen, I still see it as the gateway tax to an individual global tax, which may very well be enforced by the corporations too with a VAT tax or some other method of sourced collection.
Inflation is the real tax increase coming.
I fear you are correct, that Yellen is laying the ground work to make sure they have their fingers in everybody's pockets.
There was a period of aboot 100 years in our country's history where inflation was basically non-existent. It was one of the most productive periods we've experienced. Now, the Fed targets an average rate of 2%...to artificially boost GDP growth, and to steal from the average man's savings. They don't want you to retire, they want you to work until you're dead.