The establishment people want this to happen. Only way to consolidate power.
Everything the middle class has saved and have their wealth in, devise indirect ways to strip it away. Certain critical areas, allow to increase costs (via laws and regulations so it’s not directly traceable) much faster than inflation and any kind of potential raise in your job. Insurance. Taxes. Energy. Food. Water utilities. Fuel. Medical. Higher Education. School taxes for public education and county technical colleges (whether you have kids in school or not!).
They ignore the financial problem they put us all in and even in these times attempt to pass huge budget spending items (new spending) while the old spending is killing us. They can’t collapse the currency and old framework fast enough. It’s their excuse to say “The Constitution doesn’t work with today’s problems (they manufactured, of course). We need a NEW structure, a new global way of doing things since everything is interconnected now.”
One catastrophe can be enough to wipe out a middle class family’s savings. It’s what they hope for because the establishment can’t be blamed directly for any one family’s fall from the middle class to poor status. But they are totally happy they are wiping out the middle class, that’s the whole point. Savings and wealth are sliced down through inflation, rising taxes, fees, service charges, regulations, losses, rising costs of commodities and utilities, personal/physical disasters, medical and insurance rates. You are either slowly having it taken away in ever increasing, but small chunks (death by a thousand cuts) - but the cuts are getting bigger; or you may lose it all in one or two large problems that you can’t recover from.
It’s all designed. In the age of fiat money (value of money not tied to any tangible thing - in our case the “full faith and credit” of the US, whatever that ethereal term may be) there is no need to have anyone pay taxes. Taxes are just control over people. Taking away their money (ie freedom and power), and also giving a legal way to jail someone if they are too “uppity” (18,000 pages of tax law nobody can master or not be in violation of if they put their infinite govt resources after you). When you have fiat money you can print as much as you want because you don’t have to have a certain amount of anything backing it. Fractional reserve banking allows banks to creating 90% of their “money” out of thin air based on a small percentage of fiat notes physically held by their bank. The system fails when people don’t pay their loans (ie give the bank real money to cover the 90% created out of thin air money the bank loaned out, but never physicall had). In this particular small way you can see fractional reserve lending might lead one to think of the similarities it has compared to derivatives. If banks make a lot of loans where most of their “money” created out of nothing is lent, and bets wrong and more and more of the loans fail, the bank tanks big time. Same with derivatives.
Unfortunately, the middle class is too brainwashed to defend itself.
Restore the republic and ALL the problems go away.