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 dont need anymore of this bull $#%&!@* in our lives. Tax her sorry ass 100% OMG I cannot believe what these democrats are doing to this country and our sorry ass congress is letting it happen. If they are not a tea party candidate them VOTE THEM OUT IN NOVEMBER 2014 send them a real message.
Now that’s what Americans need, giving more of our money away to foreign countries that hate us. When is America going to realize that we just cannot afford to support the whole world. I don’t feel guilty because Americans work hard and prosper. I don’t feel that I should give away everything I earn to people in other countries who either do not have the same opportunities we built in this country or are too uneducated or to lazy to make their own way.
let her pay 71% and leave us alone
Yeah run by the same people who run all the countries of the worlds central banks, our federal reserve..Made sure we got a income tax in this country the list goes on and on…They believe it or not control the world and the politicians are just their patsies and puppets…And we the people are slaves to a system we did not create…The only way out is to detach from the dollar period and start a new system with barter and under the table labor until you can detach…We the people can take back our country…We must do it
They need to go,and soon.
You want to help others, teach them how to be self sufficient. Giving money without education is enslavement. The IMF should stay out of our business. The U.S.A. is a caring nation, not one to be taxed by some other entity or the UN. The socialist in this country want nothing more than to reshape this country. Hope and change to socialism like Obama wants will not work in this country.This nation’s true values and aspirations will never stand for this c**p. WAKE UP AMERICA…..fire the politicians, impeach the President and get OUR COUNTRY BACK NOW!!!
NO WAY , Keep our money here . we can’t afford it
WHO IS THAT SCARY LOOKING PERSON
Stop all foreign funding, and fix USA first.
Screw them !! We should keep our Money at Home and help the Poor here first !!!