Darrell Castle talks about taking on or contending with the deep state or permanent Washington and how that relates to money, debt, credit and taxes.

Transcription / Notes

THE THEATER OF TAX AND SPEND

Hello, this is Darrell Castle with today’s Castle Report. This is Friday the 28th day of February in the year of our Lord 2025. I will be talking about taking on or contending with the deep state or permanent Washington and how that relates to money, debt, credit and taxes. Many taxpayers feel as if they have been and are being robbed by government officials and bureaucrats and that just might be because they are.

If you are like me then you know a lot of people who live on the edge barely making ends meet from week to week. I meet people literally everyday in my law practice who tell me they are one missed paycheck from the street. It is very distressing for those people when they find that much of the money taken from them as taxes was stolen by some invisible blob operating out of Washington D.C.

We are told during each presidential administration that the country has cast itself into penury by ceaseless efforts to care for its population as well as maintain a global security network to keep them safe and free. That statement is the opposite of truth as is normal for Washington. The recent theft, estimated at 4.7 trillion as is known so far, represents about two thirds of the annual national budget, but it disappears and is apparently impossible to trace. Nobody who should know does know and even fewer care where it goes.

People are starting to wonder how someone comes to Washington with modest net worth and makes a salary of $170,000 per year for say 10 years and suddenly has a net worth of over $100 million. For example, Samatha Power, former head of USAID in four years her net worth went from $6.4 million to $30 million on a salary of $180,000. That net worth represents approximately 100 times her salary so I wonder how she achieved such a miracle. Just a smart lady I guess. I would certainly advise anyone who has a desire to get rich in the stock market to look at the portfolios of Samantha Power and Nancy Pelosi and follow their trades because they are indeed stock picking geniuses.

 The answers to some of those puzzling questions are starting to be found through the efforts of Doge so the next question becomes what can we do about the theft of our labor. Speaking for myself I dread April 15th this year as I have never dreaded it before. I never look forward to Tax Day but my wife and I manage each year to find the money they demand from us and pay it with a good-natured shrug of our shoulders.

 That was before we knew for certain that we were being robbed each year. I have been working and paying federal taxes for about 60 years so that is a lot of money. I normally don’t agree with or support the useless and unconstitutional wars that Washington seems to constantly find its way into but now I know that the Pentagon has an enormous black hole where trillions disappear and remain unaccounted for.

This is how I think people are starting to view the government, its employees and the economy in general. People are skeptical and always have been but now they are turning from just skepticism to downright mistrust and dislike. I know many people are thinking this way because I talk to different people each day primarily about their finances as we try together to find their way out of a debt morass. It appears there are two parallel economies at work. One is for those people slaving away at a real job while trying to make ends meet and feed their families despite being bled dry by the IRS. It’s amazing how closely the debt load of working people matches the money taken from them by the IRS. That doesn’t even include the state income taxes of most states, sales taxes, and most importantly property taxes. The other economy is for those who benefit from and conduct the theft of the labor of normal ...