Gonna play devil's advocate here and propose a scenario where many people stopped paying taxes. . And the question is, would the economic backlash be worth it? Imagine over a 5 year period we had 10% of people not filing, then 20%, then 30%, then say. . 50%. . If we had 50% of the US population not filing wouldn't the economic blow-back be pretty devastating as the citizens are essentially financing and paying the interest owed by the nation? Just a question. . Appreciate your work. Thanks!
You are viewing a single comment's thread from:
well maybe just maybe we could stop spending the vast majority of the taxes coming in on the military machine... it isn't like the majority of your tax dollar is going to anything except for making the major military contractors richer and killing people around the globe. Shoot, individual citizens could very easily pay NOTHING and if corporations were taxed at a fair rate according to their profit, there would still be plenty of money to cover debt service and domestic spending. I feel guilty all the time as a tax payer, knowing that my money has been used to pay for bombs that we drop at an alarming rate. It makes me sick to my stomach
Your response makes very complicated issues seem so simple, in reality it is not. Just eliminate income tax, stop military spending, and then tax companies at a higher rate is a very simple answer to something that would not have simplistic reaction. Any hint of the tax burden of US citizens being transferred to corporate America would result in a depression as it would crash the market. There is no easy solution as much as people would like to believe.
Economic blow-back?
There would be an economic revolution of prosperity.
Small businesses would thrive. So would large ones.
The thieving bastards that run the tax extortion rackets would have to resort to pure inflation to keep their ponzi scheme going.
Their fiat currencies would then collapse, leaving Crypto as King.
It's beginning to happen anyway. Honest money will win this battle.
You think it’s a good idea for fiat to crash when maybe if we’re lucky 2% of the population owns crypto and it’s not available for use at almost all gas stations, grocery stores, retail centers. Let me ask you this, if fiat crashes to zero and 98% of people only own fiat, then what happens to their wealth? Please don’t talk like the USD crashing is good for anyone. You’re wrong.
Where we can't use digital, metals would be king
You're missing the big picture. . Not sure you realize what the US dollar means in terms of global survival. Hyperinflation like seen in post WWI Germany is a good example, but the problem with that example is the D-mark wasn't the world reserve currency. Any rapid decline in the value of the dollar leaves everyone screwed. Imagine you wake up tomorrow and go to the gas station and 1 gallon is $30, a 24 pack of beer is $60, the purchasing power of your paycheck is worth 20% what it was the day before. There are no winners in that scenario.
I guess for those unprepared it would be a very bad day. Unfortunately, we might find out in the not so distant future. Good post
Also, it isn't to say that this couldn't bring about God's things. When people actually feel the change it might be the catalyst we need to make a brighter future
Whether or not you or I think it's a good idea, fiat is going to crash. It's already happening. It is the inevitable result of the practices and the policies of the puppet masters who manipulate and inflate it. The wheels are already in motion, and nothing will stop the inevitable fall of the fiat house of cards. What I do think is a good idea is for people to wake up, realize what is happening, stop paying tribute to the purveyors of evil, and move their wealth out of their reach and into private, distributed, open-ledger currencies.
So what level of inflation defines a fiat crash?