Mitt Romney was “evil rich” before it was cool. Can you imagine 47% of all citizens not paying taxes?
Hell, can you imagine espousing a fact and then getting vilified for it? Or getting cancelled?
Well maybe now days we can, but 10 years ago it was only a harbinger of things to come.
Now, inexplicably, 57% of Americans don’t pay federal taxes!!!
Argentina is at 60%. And they have massive inflation.
My question to you: at what number does the rest of the world lose complete confidence in the American worker to keep punching the clock and showing up while they shoulder more and more of the tax burden?
At what point does the house of cards collapse on itself?
I’m curious. Because that’s when the hyper-inflation will begin. That’s when the dollars “all come home to roost” as Barack Obama’s pastor Geremiah Wright infamously quipped.
That’s when no one is there to buy our bonds. Prices of bonds go through the floor and those Reddit kids get to see what “going to the moon” really means.
It means interest rates so high it will make snoop dogg blush.
When it makes more financial sense to pop pills, play video games, and vote for the next “do-gooder” offering more stimmies, it equals less goods and services.
Those REAL goods and services are what America used to produce. That is the real wealth of a nation.
At some point the scales tip. The haves say I have had enough. The productive layer gives way and the foundation of the country collapses underneath its own self-induced weight.
Americans know the price of everything and the value of nothing.
We are about to get a hard lesson in survival. And maybe some economics if we aren’t hungry enough to miss it.
Stay strong,
Brandon
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Author Brandon Gentile
