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http://educate-yourself.org/cn/americanmcinbaghdad29may03.shtml

Lowell Ponte, www.AmericanThinker.com, Class Warfare of LEFT, Lack of Strategies 2018 of Democrats, Two Hour Special, Philosophical Questions of the Holographic Universe and GOD, Rob the Capitalist Rich Makes Everyone Poor, Libertarian VATax and Reverse Tax, Not Government Jobs but Work For All, Health Care Plan VAT to Preventive Care, Catastrophic Care, Primary Care, Broaden Tax Base, Don't Penalize Those with Capital and Ideas to Invent Economy, Dr Bill Deagle MD, NutriMedical Report, www.NutriMedical.com, www.ClayandIRON.com, www.Deagle-Network.com, 

Welcome to the Class War

by Lowell Ponte

In the Great Class War between the “rich” and the government, whose side are you on?

This week MarketWatch reported [ https://www.marketwatch.com/story/the-richest-1-people-in-the-world-are-on-track-to-control-two-thirds-of-wealth-by-2030-2018-04-10 ] that by 2030, “the richest 1%” are on track to “control nearly 66% of the world’s money.” This is approximately $305 Trillion, it reported, based on data from the hard-left British newspaper The Guardian, best-selling French Marxist economist Thomas Piketty, and ideologically-similar sources. The activist group Oxfam warns that “just eight billionaires have as much wealth as 3.6 billion people – the poorest half of the world.”

Such words seem intended to stoke jealousy and envy behind a mask of compassion and fairness. It is unjust, we are to think, that a utopia of pure equality is being thwarted because wealth is redistributed by capitalists instead of socialists.

In the United States the top 1% pays 45.7% -- 2.7 times their “fair share” -- of individual income taxes. Under the even-more-Progressive new tax law, the top 20% will pay 87% of all income taxes. The bottom 40% will not only pay nothing, but also get money from the Earned Income Tax Credit and other special provisions that turn our tax system into a welfare system.

Income taxes account for roughly 37% of U.S. Government revenues, compared with only about 24% in Europe where consumption taxes distribute the burden more broadly. In Sweden they even tax welfare checks, so that everyone helps bear society’s costs.

Does Class Warfare produce a healthy society? No, it produces an attitude that those richer than you deserve to have their money taken away -- and given to you.

Democrats such as Nancy Pelosi – net worth reportedly $40 Million – offer to rob the rich on your behalf via taxes. But those they polarize increasingly

want to rob the hated rich directly, without any self-serving middlemen.

(Have you noticed that Democrats favor Hate Crime laws based on race, sex, gender, and almost every other difference between people – except class? Democrats would go out of business overnight if preaching class hatred against the rich became a crime. It is their bread and butter issue.)

MarketWatch concedes that the world’s top 1% today controls only $140 Trillion, but at 6% compound interest this is expected to increase to $305 Trillion by 2030. What MarketWatchdoes not mention, however, is that everyone making around $37,000 a year is in the world’s top 1% of incomes – and thus even many of our “poor” are targeted by the International Monetary Fund (IMF) plan for a confiscatory global wealth tax.

“Wealth” in the world comes in at least two currencies – the coin of money, and the coin of power.

Real wealth comes from power.

The NutriMedical Report Show Hour Two Wednesday April 25th 2018 -Lowell Ponte, www.AmericanThinker.com, Class Warfare of LEFT, Lack of Strategies 2018 of Democrats, Two Hour Special, Philosophical Questions of the Holographic Universe and GOD, Rob the Capitalist Rich Makes Everyone Poor, Libertarian VATax and Reverse Tax, Not Government Jobs but Work For All, Health Care Plan VAT to Preventive Care, Catastrophic Care, Primary Care, Broaden Tax Base, Don't Penalize Those with Capital and Ideas to Invent Economy, Dr Bill Deagle MD, NutriMedical Report, www.NutriMedical.com, www.ClayandIRON.com, www.Deagle-Network.com,

 

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