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.
If you suggest a dumb idea you should be held responsible for wasting America’s time. I recommend seppuku
Ah yeah, that would be unconstitutional as hell.
F**k off, you looney$#%&!@*
FTIMF
Look at Peru under Ricard Nixon and Henry Kissinger…the CIA removed a democratically elected government because copper prices were too high for AT&T…..this is nothing new for the IMF why act surprised now….they would build dams …roads…etc and they knew the citizens could not afford…placed them in debt and slave to the IMF…..folks listen…we talk about sending jobs to other countries…don’t act surprised …all that is is slave labor….now by trying to say that the USA should be taxed for the poor countries is un-called for…the only thing that would happen to the money is…. it would be stolen from the people and end up in corrupted government pockets…If the corruption in the United Nations and third world governments was eliminated the people would be a 200% better off…the only agency worst is our Congress…they steal it with a smile on their face…and the voters say we acknowledge and send us the bill…congressional ripoffs over $65,000,000,000 per year…don’t trust me ….do as Reagan said verify…get the information from the budget department….Total ripoffs amount to over $369,000,000,000 each year….and we are worried about what we pay for food stamps and child care…..
,,I,,
Certainly the corporate tax should be around that 70% . Used to be higher. When corporations pay higher taxes, the deficit goes down. The national debt will most likely to grow. But the deficit is the best indication of the economy.
I’ve got my share right here at home. Just stop by and get it. Hint: you ain’t gonna get it.
If the people in these poor nations would be busy about starving to death rather than screwing and reproducing, the world wouild be better off.
Not, Go to hell$#%&!@*