As of December 2024, China held approximately $759 billion in U.S. Treasury securities, making it the second-largest foreign holder of U.S. debt, after Japan. As of December 2023, Japan holds approximately $1.138 trillion in U.S. Treasury securities.
We can wipe out our debt by fairly taxing the people who benefitted the most from that debt.
My main background is in accounting and auditing; unlike most people, people like me always look at things like a 2-sided ledger. Most people focus on the fact that we have ~$35 trillion in debt, but they never mention that we generated ~$180 trillion in wealth with that debt.
If you're reading this, you're probably not someone holding a substantial portion of that $180 trillion so you don't even think about it. And of course, the people with it won't talk about it.
But think about it, if you had $180k sitting in the bank and $30k in credit card bills, you'd just pay them off and be done with it.
I encounter a lot of nostalgia cultists that forgot that corporate tax rates were very high at the top bracket in order to spur reinvestment. They claim it stifles business... No. It doesn't.
A corporation pays taxes on its revenues MINUS expenses. High taxes incentivize not cashing out with frakking bonuses and stock buybacks.
But whatever, as we see here, some live in this fantasy world of libertarianism, as if taxes are the issue. No, actually those taxes are not on people but fictional entities called corporations.
In the past, we had no personal income tax on wages which are an equal exchange of time for money.... But profits are not that and taxable.
Not only that. To any degree that America should be made "great again" it is the way the economy was arranged between the New Deal → 60s, which literally built the middle class and turned us into an ECONOMIC POWERHOUSE.
What was one of the KEY portions of that economic arrangement?
A 90% top marginal tax rate on the highest individual/corporate earners.
We've now tested this both ways, the results are in:
High TOP MARGINAL TAX RATE = Economic Flourishment / Middle Class Expansion
Low TOP MARGINAL TAX RATE = Extreme National Debt / Extreme Income/Wealth Inequality / High Rates of Poverty (except for those at the very top).
They key though is not the facts, those are very clear. The key is the brainwashing that rightwing propaganda does onto its base to keep them voting against their own self-interest. That is what we need to target HEAVILY.
It is. In fact history proves if you raise tax levels above a certain level, tax revenue decreases. Your 90% taxes made everyone in that tax bracket and most others beneath it, hide their money. That leads to no growth, inflation, stagnation, recession etc.
I read what I wrote and hope the "Don't believe me" is taken wrong. It's not said with an attitude, but with an awareness I am not a renowned economist. Please don't take my word for it. The data is there and multiple renowned economists have studied, spoken, written about the data.
Jesus was temped by the Devil in the desert for 40 days, was offered all the riches of the world, if he betray his followers… Nobody else on the planet can offer that… that means The Devil is the only one that can print money...
in theory all countries of the world owe money to the devil.
if you are North American you owe more than $100,000 usd to the Devil. LOL
Take note of this bot everyone. He calls people qtards, whilst writing articles on his own substack page about how "muh russia bad" and how Trump is playing "5d chess" with Russia and to "trust the plan, 2 more weeks".
If anyone wonders why magatards can't spot these contradictions in their own sentiments, it's because they are NPCs and are simply not programmed to.
Excellent. Combining the details of the state's fundamental nature, with a relentless bulls-eye targeting of the state's moral illegitimacy. This is the Direct Strategy I outlined in my master class, to the letter.
That Larry Ellison quote from late last year, I believe, was the first major eye-opener: “Citizens will be on their best behavior because we are constantly recording and reporting everything that’s going on.” This is one I first came across while listening to the Banish Big Brother Podcast, then Ryan McMaken of the Mises Institute brought it back up in his January 3rd article, The New Hysteria: The Regime Pivots from Russians to Immigrants.
All of that said, it's imperative now more than ever to see through what's being said and done, and to refrain from putting complete faith in any administration.
Yeah that's not how voting works. If you vote you meta-physically consent to everything that follows, everything. Don't start cherrypicking or coping now.
Posted to "Minds" platform while we were all waiting for the debris to fall from StarX test. Had to use the Nasimtube video though because substack hadn't cleared my email yet.
So I'll "Quote" the post later with your splendid GIF.
Cherish is the new love, be well. May God nod to ward thee & thine!
°Cherishº "Fondly remembered, best left unspoken, not unsaid." {blow more kisses ;^}>
I would say the 20s was more Croney Capitolism than Trickle Down. What were the long term effects of the New Deal and the vast increase in social programs? We're 36 trillion in debt. The national debt skyrocketed during the New Deal.
Yes, there is that perfect point of balance for both taxes and social programs. Both political sides can be prone to Cronyism. Both sides can prone to spending way too much money. Now we're finding out where billions have been going be it the crazy crap they are saying it went to or those "causes" are a front for whatever. Congresses Job is supposed to be the watchdogs. The media is supposed to be the ones watching the watchdogs. Both have failed miserably.
I absolutely love your presentation! Are you interested in doing the same with the discovery of a new source of wealth that could begin an economic renaissance? Oh, I’m also a poet.
I woke up this morning
And like the majority of
Surviving men and women
I have places to go
And things to do
With none of it altered
By any sum total of
Knowledge, faith, ritual, performance or review
What happens with this call
Is the acceptance
Of the sequential rhythm
The economic clock
Keeping track of those certain steps to death
In units of biweekly paychecks
From bed to floor to table to door to work and back again
The alarm clock
Beats a rapid metal drum
And reality arrives
In a confusing disappearance
The connecting threads of understanding
Are severed with the awareness
Most objects are beyond arm’s reach
And they are therefore insignificant
After coffee, a shower and sometimes breakfast
I’m ready to admit that
The artwork, the poetry, the sculpture, the book, the music, the dance, the game
All are nouns that should have been adjectives
Art is not life itself
It is salt and pepper for the meat
And it’s the power amplifier for sex
And those who choose to ignore it
Have burrowed underneath
The most fragrant roses in the garden
Allowing the ignorant insistence that roses don’t exist
I think that the real key is for people to realize that yea, there's a "deep state", but it's not the one that Fox cries about all the time. Ironically, the deep state IS in control of Fox and many other non-elected officials that control most of politics today. They start all the way back in the 70s and have continued to evolve to this day, corrupting, eroding and dividing our country.
You can read more about it here (it's a long read it, but I promise it's well worth it)
BTW who do we owe the debt to?
The wealthy and the bets the wealthy put on each other in the markets.
Why do we need to borrow from private banks?
Why can't the central bank be the government like the bank of North Dakota?
Why do we need middlemen with banking? It's not the days of needing safes and security.... It's basically digital these days.
So yeah, they cry about deficits but never about their military spending on overpriced jets that are crap, f35.
As of December 2024, China held approximately $759 billion in U.S. Treasury securities, making it the second-largest foreign holder of U.S. debt, after Japan. As of December 2023, Japan holds approximately $1.138 trillion in U.S. Treasury securities.
We can wipe out our debt by fairly taxing the people who benefitted the most from that debt.
My main background is in accounting and auditing; unlike most people, people like me always look at things like a 2-sided ledger. Most people focus on the fact that we have ~$35 trillion in debt, but they never mention that we generated ~$180 trillion in wealth with that debt.
If you're reading this, you're probably not someone holding a substantial portion of that $180 trillion so you don't even think about it. And of course, the people with it won't talk about it.
But think about it, if you had $180k sitting in the bank and $30k in credit card bills, you'd just pay them off and be done with it.
That's what I'm suggesting.
You can read more about it here:
https://open.substack.com/pub/lukium/p/the-national-debt-scam
Great article! Couldn't have said it better..
It's a huge ponzi scheme.
I encounter a lot of nostalgia cultists that forgot that corporate tax rates were very high at the top bracket in order to spur reinvestment. They claim it stifles business... No. It doesn't.
A corporation pays taxes on its revenues MINUS expenses. High taxes incentivize not cashing out with frakking bonuses and stock buybacks.
But whatever, as we see here, some live in this fantasy world of libertarianism, as if taxes are the issue. No, actually those taxes are not on people but fictional entities called corporations.
In the past, we had no personal income tax on wages which are an equal exchange of time for money.... But profits are not that and taxable.
Not only that. To any degree that America should be made "great again" it is the way the economy was arranged between the New Deal → 60s, which literally built the middle class and turned us into an ECONOMIC POWERHOUSE.
What was one of the KEY portions of that economic arrangement?
A 90% top marginal tax rate on the highest individual/corporate earners.
We've now tested this both ways, the results are in:
High TOP MARGINAL TAX RATE = Economic Flourishment / Middle Class Expansion
Low TOP MARGINAL TAX RATE = Extreme National Debt / Extreme Income/Wealth Inequality / High Rates of Poverty (except for those at the very top).
They key though is not the facts, those are very clear. The key is the brainwashing that rightwing propaganda does onto its base to keep them voting against their own self-interest. That is what we need to target HEAVILY.
Can you find the numbers on actual tax revenue in that time?
I can look into it. Not sure if that data is still currently available, but it probably exists somewhere.
It is. In fact history proves if you raise tax levels above a certain level, tax revenue decreases. Your 90% taxes made everyone in that tax bracket and most others beneath it, hide their money. That leads to no growth, inflation, stagnation, recession etc.
Don't believe me. It's called the Laffer effect.
I read what I wrote and hope the "Don't believe me" is taken wrong. It's not said with an attitude, but with an awareness I am not a renowned economist. Please don't take my word for it. The data is there and multiple renowned economists have studied, spoken, written about the data.
The answer can be explained in different ways…
if you are religious type, and believe in Jesus,
Jesus was temped by the Devil in the desert for 40 days, was offered all the riches of the world, if he betray his followers… Nobody else on the planet can offer that… that means The Devil is the only one that can print money...
in theory all countries of the world owe money to the devil.
if you are North American you owe more than $100,000 usd to the Devil. LOL
I'm not religious but grew up with a lot of Catholics.
Jesus is an interesting character.
He had battled the money changers.
Not battled money, but those that profit from passing money from one to another.
The parasites (financiers) are the devil. 😂 👿
Because people voted for government.
I give it a 9/10 that this "person's" account and comments are generated by chatGPT.
Take note of this bot everyone. He calls people qtards, whilst writing articles on his own substack page about how "muh russia bad" and how Trump is playing "5d chess" with Russia and to "trust the plan, 2 more weeks".
If anyone wonders why magatards can't spot these contradictions in their own sentiments, it's because they are NPCs and are simply not programmed to.
Excellent. Combining the details of the state's fundamental nature, with a relentless bulls-eye targeting of the state's moral illegitimacy. This is the Direct Strategy I outlined in my master class, to the letter.
That Larry Ellison quote from late last year, I believe, was the first major eye-opener: “Citizens will be on their best behavior because we are constantly recording and reporting everything that’s going on.” This is one I first came across while listening to the Banish Big Brother Podcast, then Ryan McMaken of the Mises Institute brought it back up in his January 3rd article, The New Hysteria: The Regime Pivots from Russians to Immigrants.
All of that said, it's imperative now more than ever to see through what's being said and done, and to refrain from putting complete faith in any administration.
Fantastic writing and editing, as always!
Somewhere between MAGA and Black Pill, there has to be a happy medium.
Worthy video; healthy skepticism about government is always warranted.
https://www.youtube.com/watch?v=esrYFAWx2c4
First 2 min of the video, literally what magatards are like rn.
Carey never disappoints, have to confess I voted for Donald in exchange for getting Ross out of jail so my vote was bought and paid for
Yeah that's not how voting works. If you vote you meta-physically consent to everything that follows, everything. Don't start cherrypicking or coping now.
Posted to "Minds" platform while we were all waiting for the debris to fall from StarX test. Had to use the Nasimtube video though because substack hadn't cleared my email yet.
So I'll "Quote" the post later with your splendid GIF.
Cherish is the new love, be well. May God nod to ward thee & thine!
°Cherishº "Fondly remembered, best left unspoken, not unsaid." {blow more kisses ;^}>
I would say the 20s was more Croney Capitolism than Trickle Down. What were the long term effects of the New Deal and the vast increase in social programs? We're 36 trillion in debt. The national debt skyrocketed during the New Deal.
Yes, there is that perfect point of balance for both taxes and social programs. Both political sides can be prone to Cronyism. Both sides can prone to spending way too much money. Now we're finding out where billions have been going be it the crazy crap they are saying it went to or those "causes" are a front for whatever. Congresses Job is supposed to be the watchdogs. The media is supposed to be the ones watching the watchdogs. Both have failed miserably.
Great!
Lets make sense in a senseless World.
Trust us we’re engineers…
https://open.substack.com/pub/juli2a5i4/p/trust-us-were-engineers?r=1pk0jl&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
https://juli2a5i4.substack.com/p/trust-the-plan-of-goodwill-and-lucis?source=queue
I absolutely love your presentation! Are you interested in doing the same with the discovery of a new source of wealth that could begin an economic renaissance? Oh, I’m also a poet.
I woke up this morning
And like the majority of
Surviving men and women
I have places to go
And things to do
With none of it altered
By any sum total of
Knowledge, faith, ritual, performance or review
What happens with this call
Is the acceptance
Of the sequential rhythm
The economic clock
Keeping track of those certain steps to death
In units of biweekly paychecks
From bed to floor to table to door to work and back again
The alarm clock
Beats a rapid metal drum
And reality arrives
In a confusing disappearance
The connecting threads of understanding
Are severed with the awareness
Most objects are beyond arm’s reach
And they are therefore insignificant
After coffee, a shower and sometimes breakfast
I’m ready to admit that
The artwork, the poetry, the sculpture, the book, the music, the dance, the game
All are nouns that should have been adjectives
Art is not life itself
It is salt and pepper for the meat
And it’s the power amplifier for sex
And those who choose to ignore it
Have burrowed underneath
The most fragrant roses in the garden
Allowing the ignorant insistence that roses don’t exist
Damn
I’m late
But now
With remembered art
I’ll look forward to a delicious lunch
I think that the real key is for people to realize that yea, there's a "deep state", but it's not the one that Fox cries about all the time. Ironically, the deep state IS in control of Fox and many other non-elected officials that control most of politics today. They start all the way back in the 70s and have continued to evolve to this day, corrupting, eroding and dividing our country.
You can read more about it here (it's a long read it, but I promise it's well worth it)
https://open.substack.com/pub/lukium/p/the-real-deep-state
@Pleasure to Burn whats your plan?
how do you see yourself in the future?
¿what is a red line for you?
at what moment you abandon everything and leave the place you are living?
and where are you going? LOL
whats your plan for the future?
[great video. ]for the shitfuckery of the "state".
[if only people knew how deep the rabbit-hole really goes. wish i didn't sometimes.]
As always, so we'll put ma'am, thanks for all your hard work ✌️
Carrie, How does one reach you, directly?