The IMF (International Monetary Fund) goes into countries, coaxes them into debt, then maintains a stranglehold on their economies like a parasite.
Debt = control
Now, it says that Americans should be taxed, up to 71%, to help the poorer countries of the world to help redistribute the wealth.
Of course, the IMF is run by the same bankers that have ruined the world’s economy.
Right out of the Marxist playbook, they create a problem, then offer a solution that is actually a disguise of their original agenda.
The IMF just dropped another bombshell.
After it recently suggested a “one-off capital levy” – a one-time tax on private wealth as an exceptional measure to restore debt sustainability across insolvent countries – it has now called for “revenue-maximizing top income tax rates”.
The IMF’s team of monkeys has been working around the clock on this one, figuring that developed nations can increase their overall tax revenue by increasing tax rates.
They’ve singled out the US, suggesting that the US government could maximize its tax revenue by increasing tax brackets to as high as 71%.
Coming from one of the grand wizards of the global financial system, this might be the clearest sign yet that the whole house of cards is dangerously close to being swept away.
Think about it– solvent governments with healthy economies don’t go looking to steal 71% of people’s wealth. They’re raising this point because these governments are desperate. And flat broke.
The ratio of public debt to GDP across advanced economies will reach a historic peak of 110% next year, compared to 75% in 2007.
That’s a staggering increase. Most of the ‘wealithest’ nations in the West now have to borrow money just to pay interest on the money they’ve already borrowed.
This is why we can only expect more financial repression from desperate governments and established institutions.
This means more onerous taxation. More regulation. More controls over credit and capital flows.
And that’s only the financial aspect; the deterioration of our freedom and liberty will continue at an accelerated pace.
Can a person still be considered “free” when 71% of what s/he earns is taken away at the point of a gun by a bankrupt, bullying government? Or are you merely a serf then, existing only to feed the system?
This is why we often stress having a global outlook and considering all options that are on the table.
Because the other side of the coin is that while some countries are tightening the screws and making life more difficult, others are taking a different approach.
Whether out of necessity or because they recognize the trend, many nations around the world are launching new programs to attract international talent and capital.
I’ve mentioned a few of these already– economic citizenship programs in places like Cyprus, Malta, and Antigua (I met a lot of these programs’ principals at a recent global citizenship conference that I spoke at in Miami).
Then there are places like Chile and Colombia which have great programs for entrepreneurs and investors. Other places like Georgia and Panama have opened their doors to nearly all foreigners for residency.
Bottom line– there are options. Some countries are really great places to hold money. Others are great to do business. Others are great places to reside.
The era we’re living in– that of global communications and modern transport– means that you can live in one place, your money can live somewhere else, and you can generate your income in a third location.
Your savings and livelihood need not be enslaved by corrupt politicians bent on stealing your wealth… all to keep their destructive party going just a little bit longer.
The world can truly be your playground. You just need to know the rules of the game.
We need to get out of the UN now! These people are crazy if they think I’m going to give them one cent !!!
this is what is wrong if you dont work you dont have if you dont have then you get off your ass and work the socialist mess is for the birds
Hell no!
Why don’t you get the poorer a Damn job so they can make their own money instead of bleeding the rest of us dry?
End this rogue administration.
I think it is time to start using are nukes to put these little p**s ant countries back in their places!
First of all you filthy Marxist bitch, go F**k yourself. And, to hell with the poor nations of the world. I didn’t make them that way, corrupt Marxists like you did. You go ahead and give your money, keep your damn hands off of mine!!
is this c**p for real—-i dont have anything more for you to tax me, I am retired and living from month to month and you the United Nation says that Americans should be taxed, up to 71%, to help the poorer countries of the world to help redistribute the wealth.—screw you–frack you—kiss of you—it isnt our fault other countries are hurting so why are always the ones who have to help every country, do they return the favor no they take more and more and more —United Nations you need to be demolished—————
Due to our lack of morals, honor, and integrity we lost the hedge of protection we had as G-d has withdrawn his favor. I’m afraid it’s open season on the U.S.
must already be in U.S.A. ??