“Every civilization carries the seeds of its own destruction, and the same cycle shows in them all. The Republic is born, flourishes, decays into a plutocracy, and are captured by the shoemaker whom the mercenaries and millionaires make into a king. The people invent their oppressors, and the oppressors serve the function for which they are invented.”
– Mark Twain
Written by Bryan Lutz, Editor at Dollarcollapse.com:
When you don’t pay your taxes, the Feds call it tax fraud.
But when the Federal government makes a promise to deliver critical services with your money and that money goes somewhere else…
That’s just another day in Washington.
As of right now, 76% of your income tax goes toward interest payments on federal debt.
DailyHODL reports:
Interest Payments on US National Debt Will Shatter $1,140,000,000,000 This Year – Eating 76% of All Income Taxes Collected: Report
“Economist E.J. Antoni reports that based on the Fed’s June numbers, interest on the national debt is the equivalent of 76% of all personal income taxes collected by the government.
“Interest on the federal debt was equal to 76% of all personal income taxes collected in Jun – that’s the Treasury’s largest source of revenue and three-quarters of it gets consumed just by interest; does Congress know? Do they even care?”
Antoni says the cost to service the federal debt has exploded 33% in a single year, and set to get worse.”
Now, some people get so angry when they hear things like that, they swing the other way.
They can’t see why a government like this should ever be supported. So they argue to completely remove income tax.
They say, “Everything could be privatized,” but that’s another ideal…
Who knows, it’s never been tried.
It could work…
You know the whole idea of taxes is you receive some service in return, but this is different.
It’s like paying for the price for your Big Mac Meal Deal at McDick’s and only getting the drink, a quarter of the meal.
Yet, this is the level of debt congress really isn’t talking about, or paying attention to at all.
Even if you were to consider the government a business.
This is no good deal.
Very soon, people are going to wake up.
They’re going to see their taxes for what they are…
Fraudulent.
