Guest Post by Martin Armstrong
If I assume that Trump loses and the Democrats also take the Senate, we are looking at real tyranny and perhaps that is what 2022 is all about. I testified before the House Ways & Means Committee back in the ’90s on tax reform. I explained that the biggest problem with the United States is that our tax code is like the brain wave of a schizophrenic. I have dealt with multinational corporations for decades and have to advise where to establish plants and where to avoid them. The #1 problem with the United States is that the Democrats come in and up go the taxes. The Republicans come in and they go back down.
Just because the Republicans win and cut taxes, that may last only 2 years. Companies NEED stability. Trump offered them a deal to bring their capital home and get a cut-rate one time. They would have to have been insane not to do so. However, if that was just cutting rates 5%, that would have been no incentive whatsoever and I would have had to advise stay where you are. You would not rent an apartment where the landlord has the right to raise your rate any time if he needs money. A lease is for a fixed amount for a fixed period.
The ONLY way to really drain the SWAMP is to (1) impose a rule that taxes cannot be changed unless there is a 2/3rds vote the same to impeach a president to prevent politics from creating this chaos, and (2) no family member may deal with any company or country that the politician is dealing with. This is STANDARD and it is dominant in Washington. They all claim they took nothing but it goes to their family.
In the case of Hunter Biden, let’s be honest here. The bank transfers he engaged in which showed up on U.S. government reports that “show potential criminal activity” by Mr. Biden, other family members, and business partners. The report’s phrasing is a sure indicator that Hunter Biden and his associates showed up by name in confidential Suspicious Activity Reports (SARS) issued by the Treasury Department.
To top it off, anyone else would be charged with money laundering facing 20 years in jail for what Hunter Biden did transferring nearly $2 million to his uncle. Then the money was sent to Chinese businessmen and to hide this transaction which is money laundering if anyone other than a politician’s family was involved. The bank made an inquiry about the large amount and after the Bidens were not forthcoming, the bank closed the account (see the Senate report).
When I was going to go work in Singapore for a while, I asked a friend there to find a nice condo for me and I would wire him the deposit which was $5,000. I got there after about 2 months later and he said to me he never got the wire. I called my bank and asked to trace it. HSBC then returned the money stating that they could not verify I had no interest in his personal account. I had to then write him a check. The Bidens could send millions of dollars that were very suspicious and the bank just closed their account?
This is how the SWAMP works. It is out of control. They hate Trump because he isn’t taking money.
I seriously doubt that we will have peace and quiet. REGARDLESS of who wins, the other side will not accept it. If Trump wins, I think they will do whatever they can to get rid of him by 2022. If Biden wins, we are looking at a major political crisis by 2022. There will be no 4 years of peace.
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What will you do to get ready for this and worse events in your life? Beside embracing God, understanding that his gift of free will and intelligence requires you to plan and set aside resources for lean and desperate times. Biblical tales talk of seven lean years, but I think we will have worse times that go longer than that this time around. Its looking more like the end times every day, per the Bibles observations. Get prepared the best you can, because it is going to happen, whether you are ready or not, and no one ever suffered to much from being to ready for disaster, but if you’re not prepared, your suffering will be truly biblical.
My father (83) tells me every day we are in the end times. It looks more and more like he is correct. Funny that. He has been correct more times than I care to admit.
Imagine you make say $800k a year. You pay 45% in state and fed taxes. Thats $360,000 in taxes! You keep $440,000. Now lets assume a democrat gets in raises taxes to 60%. Plus say A 5% state tax. Total 65%. Thats $520,000 in taxes and you keep $280,000. How is that not slavery or at least indentured servitude?
I can tell you many people would demand to be paid in different forms. If stocks kept their lower tax rate employees would demand stock instead of income. This would keep stock prices afloat as democrats destroy the economy hiding their Tax shenanigans. People would demand 4 day work weeks or work at home status. Sorry, but it would not be worth it to make 800k and keep any less or even make 80k and keep less. Easier to downsize grow a garden and John Galt their dystopia. Enjoy life more simply vs being a tax slave. Seriously. Many high income earners may move out of country leaving little to tax. These marxist want to dominate you/us. They never cut expenses. They hire protected class workers and should be in and of itself reparations for the graft they perform with taxes and hiring practices. Where is the diversity and inclusion? Govt refuses to release their race stats on employees. We all know who is the real minority in govt jobs.
They win either way. You want to earn and live a middle class life you will pay. Otherwise john galt it and ask for welfare. Either way your ass is owned by govt….just how they want it..your vote this November is freedom or,slavery. Choose wisely
This is crazy coming to a head.
it actually looks more like a strategic move to loose the campaign.
Why would anyone (re biden in the debates) say that the campaign platform is to raise taxes, especially when we are facing a recession/depression.
any person with any intelligence, is going to avoid a politician who is promising to raise your taxes, and create a much larger federal government.
conversely, any idiot with no goals in life might welcome this message, so maybe the dems are just playing to their base here.
I see very little chance biden wins, it is just setting the stage for 4 more years of the dems trying to hamstring trump with the same tactics as the previous 4 years.