President Donald Trump has reportedly urged Speaker Mike Johnson to raise the top individual tax rate from 37 percent to 39.6 percent for incomes over $2.5 million for a single filer, or $5 million for joint filers. This was suggested as a way to close the carried interest loophole in order to fund middle-class tax cuts.
But the middle-class tax cuts haven’t happened yet, and most are still struggling and live paycheck to paycheck. So right now, this looks like another theft scheme from the ruling class.
Don’t Tax the Rich. End the Fed!
At the end of the day, all taxes will be carried by those at the bottom in the same way tariffs have a harsher effect on those without any disposable income or capital goods at their service to enhance their labor’s worth. Read more below:
Who Pays Wealth Tax: The Rich or the Poor?
“This will help pay for massive middle and working-class tax cuts, and protect Medicaid,” a separate source said, according to a report by Natural News, of the ruling class’s plan to simply steal from different places.
“This is the single most important economic issue of the day,” he told Senate Finance Committee Chairman Mike Crapo (R-ID) at the time. “If we do not renew and extend, then we will be facing an economic calamity and, as always with financial instability, that falls on the middle and working-class people.” Unfortunately, the brunt of taxation falls on these people anyway. The wealthy or rich are few and far between.
“Income Tax Is Government Theft” and IRS Is a Lawless Thief
All taxation is theft, and the duped slave class continues to support it and insist upon it in some cases. What does it say about you as a human being that you’d like your neighbor robbed? Both sides, the left and the right, have this in common. They want others to be stolen from to fund their ideological stance and force their way of life of others. It’s still wrong. Taxation is still theft, and nothing will make it moral.
Taxation as a Weapon Against Prosperity
America’s rich free-market tradition has made her an economic superpower. So, why are policy makers employing taxation to derail progress? The obvious answer is that the state relies on taxation to bolster its coffers. As a predatory institution, the state is motivated to extract resources from private actors and augment its power. However, doing so is to the detriment of societal progress. –The Mises Institute via SHTFPlan
Taxation is a major weapon wielded by the state against those it claims the right to rule.
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