Unfortunately, confiscation is only the most overt way to seize the lion’s share of your dollar-denominated savings. INFLATION by devaluation of the dollar is FAR easier, and FAR more encompassing than any kind of proportional taxation. The only protection from that requires a shovel, a secret location, and high-value physical assets - and the will to defend them!
INFLATION by devaluation of the dollar is FAR easier, and FAR more encompassing than any kind of proportional taxation.
We have been saying this for a long time. Inflation is the most pernicious way for politics to maintain its deception of action and caring, while obscuring the constituencies' plunge into poverty. The dumber the constituency the easier it is. Inflation and Depression are two forms of the same thing - impoverishment.
The only way out, which is what much of this thread is about, is to produce, innovate, design, create, as a nation, as a company, as an individual, things of such globally competitive value there is no option for denial.
Brutal, but fact. And I don't think Barack Obama, Hillary Clinton, Rahm Emmanuel, Cass Sunstein, Barbara Boxer, Dianne Feinstein, have EVER, EVER, produced anything of global value whatsoever. Fundamentally they are a joke. See tagline.