The trick is you take out another loan so you can get 100% of your taxes “used” on useful things. You then spend 45% next year, take out another loan, 46%, loan, 47%, loan….
Whatever the final outcome is, we deserve it.
Remember, the National Debt is “REQUIRED BY LAW” under the 6% rule in the Federal Reserve Act of 1913 , under section 7, Division and Earnings. The Fed is owned by private banks like Bank of America who own shares, and are guaranteed under the law a 6% on profit per year, regardless of performance of the economy, tax free, says right there, they pay no taxes on it, and it MUST BE PERPETUAL, yearly.
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The trick is you take out another loan so you can get 100% of your taxes “used” on useful things. You then spend 45% next year, take out another loan, 46%, loan, 47%, loan….
Whatever the final outcome is, we deserve it.
Remember, the National Debt is “REQUIRED BY LAW” under the 6% rule in the Federal Reserve Act of 1913 , under section 7, Division and Earnings. The Fed is owned by private banks like Bank of America who own shares, and are guaranteed under the law a 6% on profit per year, regardless of performance of the economy, tax free, says right there, they pay no taxes on it, and it MUST BE PERPETUAL, yearly.
[https://www.federalreserve.gov/aboutthefed/section7.htm](https://www.federalreserve.gov/aboutthefed/section7.htm)
Tax the criminal rich already
Remember who owns this debt…
Invest in treasuries until the interest yield equals 44% of your income taxes. Then the money just goes in a circle.
That’s why rates will get back to very low levels within few years.
Misleading headline though…. if it’s 44% of personal income taxes then it’s 0% of all other federal revenues….
Better to just give the more accurate figure across all revenue sources. (Which is still on the high side.)