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Michigan Post > Blog > Economics > The Infinite Hunt For Taxes | Economics
Economics

The Infinite Hunt For Taxes | Economics

By Editorial Board Published February 20, 2025 4 Min Read
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The Infinite Hunt For Taxes | Economics

QUESTION: Chances are you’ll say you don’t advise the Trump Administration, however Trump appears to be adopting all the pieces you’ve laid out, together with that revenue taxes are a barbaric relic from the previous which are now not crucial. He has even publicly rejected Zelensky. When will you inform the reality that you just do advise Trump? You might have been the one voice calling out Zelensky for what he’s.

George

Gov Non Defense Spending GDP

ANSWER: Sorry, I’ve not suggested Trump. Sure, I do know many individuals are studying who’re near him. I  haven’t any such official place. The Founding Fathers prohibited revenue taxes. The Progressive Motion went after revenue and overtly discriminated towards individuals who made greater than they did. The Progressive Get together was even on the ticket in 1912, the yr earlier than the revenue tax. Earlier than the revenue tax

Trump_proposes_abolishment_of_federal_income_tax_bringing_US_back_to_richest_p

Trump has acknowledged that between 1870 and 1913 this was the richest interval in American Historical past economically. The revenue tax is Marxist, and the Founding Fathers constitutionally prohibited it for a great motive. It makes everybody report in the event that they even received $100 on the on line casino. All the pieces you do is accountable, and now the Democrats ushered in a requirement that each individual having any curiosity in any firm should uncover that to the Treasury or be fined $10,000 and imprisoned. They wish to know all the pieces, and it’ll by no means cease there. Janet Yellen wished to audit transactions all the way down to $600, and in case you have any money app, they need to report what you might be doing to the IRS.

Federal Spending as GDP

It doesn’t matter how a lot the federal government collects, it’s going to at all times spend extra. The Democrats can not run for workplace with out promising to bribe folks with free items. I’ve been ready for the free toaster or TV if you vote Democrat. For this reason a gold normal can not work. You can not have gold as cash except you utterly change the political system. That is what Trump is attempting to do. The federal government is rising, and it’ll proceed to eat increasingly more of individuals’s wages, which reduces the out there spending capability of the folks, which then reduces financial development.

Civil Work Force 1900 1980 New

Once we add all authorities, together with contracted to the federal government, it grew from 22% to 33%, together with state and native. The federal government is consuming all the pieces. This may solely consequence within the financial system’s collapse and a sovereign debt disaster.

Tax Robbery

Taxes are now not crucial, for when cash was truly a coin, the king needed to get some again to spend once more. At the moment, the federal government creates cash, and if it didn’t borrow however simply printed what it wanted, the nationwide debt could be a fraction of its dimension. This yr alone, we’ll add $1 trillion in curiosity to maintain rolling a debt no person intends to repay. There’ll NEVER be liberty so long as there may be an revenue tax.

 

TAGGED:ArmstrongEconomicsendlesshunttaxes
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