The Republicrats: Barack Obama and Joe Biden helped Donald Trump pay ZERO Income taxes in 10 of the past 15 years – September 27, 2020,
So, when it comes to INCOME TAXES it should be noted that most rich people do not work for wages! The whole purpose of progressives coming up with a wealth tax concept has to do with the reality that taxation without representation is theft.
As Rich Dad Poor Dad author Robert Kiyosaki points out “The rich don’t WORK for money, they work for assets”. The American dream is all about the “Life, Liberty and the pursuit of Happiness”, no offense to all of you wage slaves, but working for wages isn’t for everyone, in fact, it’s actually because of the Labour Unions and socialists invading your education system why most Americans think it’s smart to get taxed more by a wasteful government.
Only ignorant people work hard and hand their money over to a corrupt government. People get taxed more because they listen to the socialist dogma spewed by idiots like Richard Wolff and Bernie Sanders. Americans would be much more prosperous if they were taxed less! Deflation is good for the poor, labour unions, and socialist HATE deflation, because, in a market economy, deflation equates to less revenue for the government.
TAXATION IS THEFT!
In fact, the reality is a lot of poor Americans who don’t work are the main problem, people who take and don’t pay into the system are far worse than Trump could ever be. What’s worse is that a lot of people who don’t work and don’t pay taxes have the ability to vote for the next President! That should terrify Americans who do work.
Below was Michael Bloomberg’s excuse as to why producing his income tax returns wouldn’t be so simple, one of the main reasons is that most rich people don’t hoard fiat money. I get it that most people are taught that saving fiat dollars is a smart idea, but it’s not, most of us still operate under the Gold Standard.
Under a gold standard, gold was a liquid form of bartering, this is why in the past taxes were so high in the United States. Nobody paid taxes, because back then money wasn’t digital, the IRS can’t hunt down everyone, the IRS targets taxpayers who don’t have the resources to fight back
The IRS had to change the tax code in order to incriminate John Gotti. If you’re as dumb as Alexandria Ocasio-Cortez to believe that people were actually paying higher taxes way back in the day, then you clearly don’t understand why the government had to lessen the tax burden on the working class.
Taxing the rich or this notion that the rich should pay more in taxes is flawed on so many different levels if you understand the tax code. Currently, there exists something called bitcoin, and there is no power on earth that can force anyone to transact in U.S dollars.
Since Bernanke under Obama dropped interest rates to zero ASSET PRICES all over the world have been skyrocketing. Now, one of the underrated books out there is a book by Sam Walton called Made in America in which Sam Walton points out that the valuation of his wealth is made up!
The media, stamps a label on you based on your NET WORTH and people believe that rich people have access to all of that money. If most billionaires liquidated their wealth to the government, all of their assets would drop in value like a stone.
Micheal Bloomberg is wealthy because Micheal Bloomberg understands the free market, Trump is wealthy for the exact same reason, but let’s say the Department of motor vehicles Nationalised Trump hotels or Bloomberg Inc.? Would Trump hotels or Bloomberg Inc. still be worth billions of dollars?
Hey you, would you like to stay in a Government-run hotel? Of course not, only an idiot wants a bigger government, the reality is some people are better at generating wealth than others. The real problem America faces is a lack of financial education in the school system.
As an example, if a private employer doesn’t hire any wage earners can those unemployed wage earners pay income taxes? Did that fly over your head? Because a lot of people forget who actually pays income taxes for employees. When income taxes are taken from your paycheck before you can spend it, that’s the government exploiting voter ignorance!
The reason why Democrats have been reluctant to embrace socialism has to do with what happens when government nationalizes or over regulates the private sector. The government is broke, the government has no money, the only money the government has comes from the private sector!
In order for the government to get any money it as to pimp out the private sector, now, even a street pimp has to offer his prostitute something of value in order for her to take all the risks sleeping with random strangers. The pimp has to promise the prostitute some form of security or shelter or prosperity in order for her to hand the money she made over to him.
Prostitution is the oldest profession in the world and the government basically became the PIMP, but it’s important to remember, that if the government offers the private sector little to no incentive to go out and make it some money, then the private sector will shrink and cease to exist, now once the private sector leaves the people in a society are left with Department of motor vehicles and post offices and all the other government offices most people hate going too.
If the prostitutes leave, so do the Johns, that’s how the arrangement works!
As far as Donald Trump’s taxes are concerned, most people in business know this already, and being that America is the most entrepreneurial country on the planet, I don’t even know how the mainstream media expects to spin this story?
18 Revelations From a Trove of Trump Tax Records | nytimes.com
Trump is in Real Estate, most people in real estate live off of debt, one of the reasons Trump is a billionaire today is because of Barack Obama and Joe Biden’s policies. It’s a fact under Obama a lot of rich people got a whole lot richer and a whole lot of poor people got a whole lot poorer, Why? Quantitative Easing which are government words for printing ‘Counterfeit money’
Money without actual production attached to it is counterfeit money, which is why when most rich people see or hear about LOW-INTEREST RATES OR BANK LIQUIDITY they exchange fiat currency for income producing ASSETS!
Now, Trump hotels produce cash flow, because he targets the rich upper-class market. Now, I’m adult enough to admit to myself that I don’t have the ability to duplicate the success of what Trump has done even if I had a rich father who gave me a million-dollar loan.
I can admit that to myself, but most socialists and progressives won’t admit that to themselves. If you’ve ever heard of a person who inherited money or who won the lotto only to lose it all a few years later, I want you to then think about Donald Trump and Micheal Bloomberg.
Because that’s what separates them from other people, I couldn’t do what Joe Rogan has done, I couldn’t do what Jeff Bezos has done, but I’m not jealous of them. I concentrate on my own life and being the best person I can be. Socialists and many progressives are attempting to turn people in Marxists, it’s working to a degree, but I advise those of you who know better to continue to educate people that TAXATION IS THEFT!
The government doesn’t know better what to do with your money, any person trying to convince that you should pay more to a corrupt government probably has ulterior motives. Why should Trump or Bloomberg pay taxes that they don’t have to pay? Why should you or I pay taxes that we don’t have to pay?
Every time I step outside and buy something I’m taxed, when I stay home I’m taxed, why I die I’ll be taxed, when I retire I’m taxed, I want you to pay close attention to the title of the article below because it focuses on INCOME TAXES! Income taxes are a tax primarily for wage earners
NY Times: Trump paid $750 in US income taxes in 2016 2017 | apnews.com
Interesting times ahead!