The puzzle is coming together. Inflation was first over-taxation later.

9 42
Avatar for francis105d1
Written by
2 years ago

And more and more politicians are moving the pieces of the puzzle together not for a brighter future but more control of you and your liberties and financial well-being. At your own expense, the establishment is pushing for more and more of your privileges, covering with lies and saying that they are being enacted to protect you, and that's not happening only in the US but around the world. Your country may be affected too by the action taken by the rich countries like the US, China, Russia, and the EU.

The last news is about Biden's proposal to lean on banks to find unreported income from citizens. This attacks your privacy, but it will also create more headaches for whole industries. Many more jobs could be lost because governments will make running a business harder, only in US territories. Still, you should pay attention even if you don't live in the US because politicians in your country will start to copy similar legislation in your country too.

This means that people will start to use fewer and fewer banks, especially if taxes become too unbearable; if the rumor of an 80% tax is authentic, that will force people into not paying taxes outright and leave the country and risk it. One way to control inflation is by taxing citizens more. They are looking for funds to tax to fund their child's stimulus. In other words, the past stimulus will be paid with everyone's future income, the government's weapons of choice, inflation, and right after its taxation.

So Biden wants to find unreported income to tax you and take your money. Meanwhile, the rich have their money outside the country, paying none of the taxes. Now the next level of control will be capital control. Up to this day, they haven't taxed unrealized gains, but they are also planning on doing that, and once they realize that people will not sell and move to another country, they will enact capital controls. In other words, you will have agents searching you at the border when you get out of the country.

And exchanges that ask for KYC will be reporting you to your local agencies, which is happening in the US and around the world. In short, so that you know more taxes will come as well as inflation of your local currency, later capital controls for those who didn't move their money out of the country or some countries in time, and after a total while collapsing, if not everything at the same time.

The United States manipulates other countries by any means, so you can bet what is being cooked at Capital Hill. It will be exported to your country as well, not to mention that money printing of the US dollar will also affect your currency. With their money and institutions, the rich favor draconian laws because they benefit first from government regulations and money printing. Add to injury, and the elites are planning all that is coming.

In Conclusion.

The future that is coming is nothing less than another Venezuela or Zimbabwe. Pretty much inflation and even hyperinflation are coming not only to the rich countries but as to the emerging countries, higher taxes for everyone else that doesn't have one billion dollars, and capital controls which have not been imposed just yet but are next in the list for a recipe to collapse your economy. Please don't listen to people like Elon Musk. They are rich enough to be treated differently or have enough money to escape whatever legislation that may destroy capital.

The rich don't like peer-to-peer because that destroys them, and it takes their power away and gives it to you, the regular citizen. And the reason for yesterday's drop has been debunked already: miners use renewable resources in their mining operations, like hydropower, solar energy, and other renewable sources for electricity. It is just manipulation at the end of the day. Remember that the rich and governments sleep in the same bed with central banks.

News sources.

Please like, comment, and subscribe.

https://news.bitcoin.com/bitcoin-markets-blood-red-after-tesla-announcement-crypto-economy-sheds-billions/

https://news.bitcoin.com/us-sec-75-cryptocurrency-related-enforcement-actions/


10
$ 3.97
$ 3.79 from @TheRandomRewarder
$ 0.05 from @anli
$ 0.03 from @Korgueshy3.50
+ 6
Sponsors of francis105d1
empty
empty
empty
Become a sponsor
Get sponsored
Avatar for francis105d1
Written by
2 years ago

Comments

Ok, I'll be the @$$h0l3. I'll ask the questions:

  1. Who is "They"
  2. In the case of governments: What is their purpose in crashing that from which they draw their own income? Ie. When the people have no money, they cannot pay taxes, the government does not have an income. They can't spend money and they lose power. So why would they do that?
  3. You say high inflation leads to higher taxes. I can name 5 countries that have or are in the process of reducing taxes to provide lower incomes with relief from the pressure due to the high inflation. Could you elaborate more on that? Doesn't seem to connect to the actual situation we're observing.
  4. You state the government and "elite" (see question 1) want more control. I don't see how they can get more control than they already have. Please explain.
  5. As you are an American you are aware that a people with nothing to lose is not afraid to initiate revolution. Just ask the British how well taxing Americans against their will went for them. What's different now?

I'll keep it at those questions for now. Please answer them, I am genuinely interested in understanding your rants and peeves.

$ 0.03
User's avatar AnonSunamun
2 years ago

When I say they, I am referring to the government and all its mouths that depend on it, taking from those who produce to give it to those who produce nothing and have decided to live off others' efforts; governments now are just a redistribution system. Those in power preferer the citizens to be starving because if your worries are just food, you will think less of revolution.

A population under control is one that only has enough for one day, and it will never revolt because it will only think from where its meal will come. In the case of inflation will lead to higher taxation in just economy 101 from my book, and I didn't mention that inflation also leads to war, you will need to research that topic on your own. And inflation is a hidden tax already.

https://money.com/inflation-higher-tax-bracket-study/

https://www.cbsnews.com/news/tax-bracket-changes-2022-irs-inflation/

$ 0.03
User's avatar francis105d1
2 years ago

hmm... ok... but a population under control? Right now the population is under control. In fact when they take away the people's ability to provide for their basic needs they loose control. Because whatever else is going on the first instinct of people is to survive. The less their government enables them to do so the less the populace will be less receptive to the government's directions. If war is the goal of the government, well... all they have to do right now is enforce a no-fly zone over ukraine and they got one. Much simpler than fiddling with the economy to create hyperinflation, taxation or any other methods. Still my premise holds: If they make their people poor their people won't or won't be able to pay taxes and they themselves have no budget

$ 0.02
User's avatar AnonSunamun
2 years ago

A government against another government will be true but look at Venezuela. The government has its people without food, and you don't see them trying to take the government out. They are trying to find food first. Meanwhile, Ukraine and Russia are other things.

Inflation is not one size fits all. It is a phenomenon that changes from country to country. But some of the symptoms are similar, but not all countries suffer the same.

I hope I have answered most of your questions. My articles are my opinions and how I see things, so you better do your own research and take everything I say with a grain of salt, and I mean that because sometimes I do understand them, not in the most popular form.

$ 0.00
User's avatar francis105d1
2 years ago

Hey no worries. If i reply it's out of genuine interest. I am not no troll or something. You can also be sure that if I reply with a opposite view, I have done all the research beforehand. I don't want to look like a fool, of course. I enjoy discussion, debate, because it enriches you. At least as long as you do so prepared to be convinced by opposing arguments. So therefore I asked these questions, which for me go a long way to doubt the obvious malicious intent you ascribe to governments in their ways of running their economies.

$ 0.03
User's avatar AnonSunamun
2 years ago

Most of what I write is the things I have heard over the great vine so that it could be at times 100% accurate, and it is only when I go and research a specific topic that I go and try to test what I have learned. So I will still say do your research and don't think everything you read is 100% facts because ReadCash is a hobby, at least to me, and informal.

Please don't take me wrong I do appreciate your commentary. Your comments are the only ones that make sense or are on topic. I can read your comments and actually see the effort you do in writing that comment because you read the entire article to begin with.

$ 0.00
User's avatar francis105d1
2 years ago

Nowadays politicians just think about themselves and about the money they get by doing corruption

$ 0.01
User's avatar Molotov02
2 years ago

This also one reason why cryptocurrencies should exist. Cryptocurrencies is now a safe haven for people who wants to avoid inflation to safe their money value.

$ 0.01
User's avatar Mr.Valentine
2 years ago

Amen to that.

$ 0.00
User's avatar francis105d1
2 years ago
About us Rules What is Bitcoin Cash? Affiliate program Get sponsored Self-host hello@read.cash