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.
It really doesn’t matter at this point, we print 68 billion every month to keep up with government spending, it is not worth the paper it is printed on because we have no assets to back it up. We are destined to be bankrupt within the very near future, we are at that threshold now. Our forefathers are turning in their graves. One man has been given the authority to destroy this country in a six year period, and he is not done with this country yet. All his commie, muslim friends have all not yet arrived.
so if the imf taxes us 71%, and the federal gov taxes us about 23%, after state and local taxes we will be working for nothing
BS
Americans contribute more to other countries than ANY other country. In times of need or natural disaster. F the IMF
Wonder if the wealthy are willing to live on only 29% of their wealth? I doubt it. Of course 29% of many millions is still a lot more than 29% of $30,000 like most of us. My housing costs me more than that. Guess I need to forget eating or utilities or transportation, et.
Whatever happened to Assaisins Creed?
Bitcoin bitch!!
Otherwise known as the; New World Order. You are looking at one of the faces of the Puppetmasters. Proof can be found by enlarging her ring and the two squares on her chest.
71% IMF, our government takes 30%………..believe that would make us slaves
shes out of her mind we should just take people like her and put them in prison until hanged to death