The Fed put in $3.6 trillion of fake new money. And the federal government ran some $11 trillion in deficits. Result: The greatest stimulus of all time produced the weakest recovery on record.
Proponents typically look to Europe for guidance. They see Denmark, Sweden, and Norway and believe ‘soft socialism’ isn’t so bad.
Already, America’s medical system — 17% of the economy — is largely socialised. So is the education system — another 7.3%. And don’t forget Social Security.
Policy proposals by Republicans and Democrats set off intense political firestorms — setting ‘us against them’ — but they leave the real distribution of power and wealth untouched.
Why would taxes on the rich suddenly be so popular? Easy…the middle classes think they’ve been cheated. Many thought Donald J Trump would set things right. Now they look to the tax code.
Tax revenues, deficits, negative interest rates — it all goes to the same place: wherever the Deep State deciders want it to go.
Nicaragua, like Venezuela, is in the middle of a power struggle. The proximate cause is a tax increase. But the trouble runs much deeper…
According to the OCED, the French are some of the most taxed people in the world. Now add more taxes to that — which the poor can ill afford — and you get mayhem.
Very rarely do you find a situation where one person orders a service and someone else is bound to pay it. With letting fees, that’s the unfortunate case.
Could it be time to return to the good old days? Should we start paying heaps more taxes to pay for politicians like Sir Michael to ‘guide’ our lives?
You probably see these plot lines in movies all the time…and they rarely happen in real life. But occasionally they do…