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RE: The growing fear of rising inflation

in LeoFinance3 years ago

Some of us are old enough to remember the Carter years in the USA. Our Democrats (communists) love inflation because it is a hidden tax on everybody--and they love taxes, too. Strange-- in a country that was birthed because of taxes (relatively low by today's standards) and a British attempt to take some of our guns, there are now people who want to do the same things to their own country. In the end, though, the communists will strive to conquer the whole world and find, too late, they have lost their eternal souls. !BBH

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I found something interesting the other day after talking with @azircon. The personal tax rate in the US is higher than in Finland and Scandinavia - places that many in the US call socialist because of free schooling and healthcare. Weird, isn't it? Where is all that tax money in the US going?

Where does the money go? Into the pockets of career politicians who distribute it to their patrons in return for re-election. It's just a money-laundering scheme by those who hold the power to prosecute normal people for doing the same. The money is in DC and in the pockets of the donor class who keep the arrogant "progressive" monsters of both major parties in power. There is no refuge for we libertarians who just want to be left alone to raise our families and practice our faith and enjoy the fruits of OUR labor. !BEER

PArtly this is true, but it is also true that the largest economic force on earth or in any country is the consumer. Consume differently, change the economy. This would also affect the tax system and where it is applied. The thing is, the majority of people want security and convenience and are willing to give up their control to have it. We see this evidenced by the struggle crypto has getting traction daily.

Government meddling has created perverse incentives so that consumers now behave against their own long-term interests. Every time there was a "covid stimulus" payment, for example, there was a sale on big screen TVs at Wal-Mart. Also the "War on Poverty" destroyed normal urban family structure and created a world in which unmarried women have multiple babies with a succession of jobless men and get government checks in return. The rich do insane things for "tax credits." None of this crazy behavior would happen in a free market with a constitutionally-restrained government.

Where is all that tax money going?

Don't get me started :)

I actually don't mind paying taxes. I think I should pay more taxes, perhaps about 2X more. But laws are stacked against that.

Financially affluence should be taxed more, drastically more, than it is currently being taxed in the United States. This is my personal opinion. However, there isn't too many people who will share the same view.

I think part of the problem in America is a lack of trust and mismanagement. There seems to be his idea believed there that it is the greatest nation on earth, yet simultaneously, people are often deeply dissatisfied with their experience there, especially in regards to economic disparity and opportunity.

Our constitution was written by men with a realistic view of human nature, thus it was written to decentralize power and restrain ambitious people who sought to consolidate power. Unfortunately, evil men succeed anyway and have consolidated big tech, the largest corporations, higher education, and some arrogant politicians who believe themselves so smart they should wield unrestrained power over all other Americans. God will judge them in the long term and I pray He will take them out in the short term, in His mercy.

Unfortunately, evil men succeed anyway and have consolidated big tech, the largest corporations, higher education, and some arrogant politicians who believe themselves so smart they should wield unrestrained power over all other Americans.

Do you think it is evil, or incentive? I see it as a disorganized alignment driven by the system set up and it isn't new, it has been pulling more tightly together for hundreds of years. I don't think a written constitution is going to affect behavior more than process incentive.

I don't rely on a god. I think if there was a god that wanted to do something, ew have been around for a few hundred thousand years as humans already.

God is patiently giving evil men opportunities to repent. The oldest man who ever lived, Methuselah, lived to be almost a thousand. Why? Because his name means "after he dies, it comes." "It" being The Flood. God is a balance of mercy and holiness. For a sensible explanation of America today, just read the first chapter of Romans in the New Testament. It is an exact description of America today.

Not just that. People don't understand the word 'socialism', 'communism' and relates universal healthcare to either or both. I am unsure why either words are 'bad'. But there you go, I am unable to educate people :)

Currently, income inequality all over the world is very high. In the United States, it is extreme! This level of income ineuality if not sustainable in the long term. This is and will lead to social unrest at a variety of levels and scales. The trouble is, when it is too late, guns won't be able to stop it. That's the sad part.


Hey @tarazkp, here is a little bit of BEER from @fiberfrau for you. Enjoy it!

Do you want to win SOME BEER together with your friends and draw the BEERKING.