Rigby5
Diamond Member
Socialism has nothing against people earning all the money they wants.
Socialism just means that people pay reasonable taxes on what they make, because it was expenditures by government that allowed them to make those profits in the first place.
In the US, wealthy are taxed at the 15% capital gains rate, which is too low.
In Europe, they are taxed more like 50%, and that seems to high to me, because there hardly is any incentive to make anything then.
The ceiling likely should be more like 35%?
I barter my skills and labor for paper script notes because FRNs have no intrinsic value (HJR-192).....why do YOU believe that this corporate entity that lamely disguises itself as a legitimate governmental body (owned by the IMF) is entitled to benefit from MY labor by stealing a percentage of it? Income taxes are collected by a Puerto Rican Trust #62 aka "the IRS". Stupid fucks like you believe that by confiscating the earnings at a higher rate that all problems would be magically solved.
So, here is today's lesson......so STFU, turn around and face the black board.
Since every Federal Reserve note is "borrowed" into existence with interest attached to every note? Where do the FRNs come from to pay the interest? You can't pull eleven marbles out of a bag that only contains ten.
Emphasis on "note", like a Promissory note, house note, car note.....Black's Law dictionary defines "note" as debt owed....an I.O.U.
All ventures or human activities grow.
They all cost some investment, but you always end up with more than you started, whether it is hunting, gathering, planting, manufacturing, information, etc.
It is not a big deal for someone to charge a small amount for maintaining currency, so that trade is facilitated.
Everyone who uses currency owes a little bit for that convenience.
Everyone who uses roads, fire protection, crime protection, invasion protection, etc., owes a little bit for that convenience.
Life is not a zero sum game.
Populations and productivity of each individual is constantly increasing.
So effectively when you put 10 marbles into the bag, you do pull out 12 or 13 eventually.
That is as long as you put the marbles into the bag called "growth".
You only lose marbles if you put them into the bag called "waste", "decadence", "corruption", "greed", etc.