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RE: When Does a Ponzi Scheme End?

in #money5 years ago

"Trump's tax cuts? They happened because a bail-in for the USA wasn't going to work, as few people have a positive bank balance, and so the money was lifted from tax refunds that people were expecting but didn't get"

They didn't get it at tax time because the tax rate was lowered, meaning less was taken out of their weekly paychecks, they got it but they got it over the year by a lower deduction from their pay. The fact still remains the same though that a large percentage of Americans still get back more than they pay in though the use of tax credits.

"In America, once dubbed the richest country in the world, has over a million people living in their cars and/or mobile homes. Millions more are homeless and unemployed"

In the meantime, while the plebs fight each other, the owners of all the wealth move to the next country for wealth extraction. China appears to be the next victim, but the current victim (the USA) still hasn't figure it out yet, there is no making America great again because the nation has already been vacuumed clean."

The above is attributed to China and other third world countries whom the corporate elite have found a way to incorporate third word slave labor into ten fold profitability. The only way left for America to compete is by means of illegal immigration that provides workers willing to live three families in a household so they can survive on substandard wages that Americans aren't willing to accept. I don't view China as a victim or a victim to come, I say what comes around goes around and it's time they got theirs, Americans are wising up, hence the election of Trump. It took decades to build this mess it will take decades to get us out of it...in the meanwhile I won't be shedding tears for any country that stocks workers fifteen high in bunk beds to a ceiling on factory grounds making workers work sixteen hour days or other countries willing to accept rich corporate conglomerates who offer fifty cents an hour to employees as acceptable. Trump is on the right track, start leveling that playing field, if they want to treat people like slaves to enrich themselves then I say start making them pay tariffs to level the field.