Rewarding Bad Gov. Regulations and Reckless Government Spending: U.S. Treasury’s Yellen confident Congress will pass global minimum tax – October 10, 2021

Imagine a badly run business was not allowed to restructure or go bankrupt, because not only did it have its own money supply, but the new world order made a decision that allowed this badly run business to rule by fiat with its money and its tax collection. The rule by fiat money system appears to be heading for an eventual collapse, it’s pathetic to read some of these modern articles that praising the raising of taxes.

Currently, most big businesses are the beneficiaries of government tax breaks and government loopholes because lobbyists often make sure there are exceptions for their businesses whenever any law gets passed, furthermore, most businesses, go into DEBT to own assets that cash flow, meaning that they don’t pay taxes.

You can’t pay taxes if you’re in debt, and one of the beneficiaries of outsourcing to China as an example is that companies can even avoid paying income taxes, tariffs as an example are costs passed onto the consumer, the business person pays the tariffs and makes up for it by passing the cost to the end consumer and economies of scale allow this to generate a lot of revenue for big business.

So the global minimum tax is actually a tax on the consumers, which is deflationary for the economy and will cause prices to rise and similar to the minimum wage or rent control laws, this new bottom hurts start-up businesses because now new start-ups have to take on more debt and take on more risk, which often means that if these start-ups are successful they’ll often hire their own lobbyists, to prevent themselves from having any competition.

There is clearly a war on innovation, which is a sign that the globalist powers that be, want to destroy the market economy. This socialist Utopia won’t end well!

 

U.S. Treasury’s Yellen confident Congress will pass global minimum tax | reuters.com

Interesting times ahead!