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BROKEN BRITAIN? LET ME EXPLAIN WHO IS BREAKING US People keep asking why the UK feels broken — why public services collapse, why councils go bankrupt, why families drown in rent, the NHS is on its knees. Here’s the truth nobody in Westminster will say out loud: Britain isn’t...

43,918 görüntüleme • 8 gün önce •via X (Twitter)

46 Yorum

Chris Mawdsley profil fotoğrafı
Chris Mawdsley8 gün önce

This whole government needs ripping out and starting again with proper people who have held real jobs in the real world. Absolutely despise this Westminster bunch of convicts, rats and peados!!!

Paul Faber profil fotoğrafı
Paul Faber8 gün önce

Basically they have built a wealth extraction machine. @DylanRatigan highlighted this problem , the same thing is happening in America and probably Europe too. Money is being sucked out of economy. All politicians, no matter who you vote for won’t do anything. Question is who is behind it?

Pete Sanford profil fotoğrafı
Pete Sanford8 gün önce

@DylanRatigan That’s a great take.

The Write Witch profil fotoğrafı
The Write Witch8 gün önce

I'm furious. To some of us this is so obvious; to many others, it isn't, because they can't see the wood for the trees. Lives have deliberately been made too hard, in a country overwhelmed by propaganda, deliberate divisiveness, wokeism, poverty, illness, perceived threats/fear.

Pete Sanford profil fotoğrafı
Pete Sanford8 gün önce

Summed it up perfectly

magpie profil fotoğrafı
magpie8 gün önce

if tax was fair why do we need tax advisors , tax lawyers , accountants , offshore advisers ?? its one big club and you and me are not welcome

Pete Sanford profil fotoğrafı
Pete Sanford8 gün önce

True

Chief profil fotoğrafı
Chief8 gün önce

An absolutely perfectly worded truth. Accurate and understandable 🫡

Pete Sanford profil fotoğrafı
Pete Sanford8 gün önce

Thank you so much

shirl3y profil fotoğrafı
shirl3y8 gün önce

Great post. It is a wealth protection racket the modern mafia.

Pete Sanford profil fotoğrafı
Pete Sanford8 gün önce

Many thanks

Diablo profil fotoğrafı
Diablo8 gün önce

So more taxes are the solution ? This sort of thinking does not solve our problems. We borrowed too much, and taxed too much to pay for nonsense like Green energy and large parasitic bureaucracies, HS2 etc. basically deluded nonsense. Don’t get me started on immigration and its supposed advantages. Start going rabid on the ‘evil rich’ ‘evilcorp’ etc and watch what happens to inward investment in Britain.

The Daily Tsar profil fotoğrafı
The Daily Tsar8 gün önce

It's totally beyond me why people are remaining in the UK. If you have any assets, or property sell up and move to Bulgaria. Property prices are now on the rise, however you can still buy a house that needs work for around £30,000 and escape the ludicrous UK tax system.

The Black Fingernail 🇬🇧🇮🇱🇨🇳🇮🇳 profil fotoğrafı
The Black Fingernail 🇬🇧🇮🇱🇨🇳🇮🇳8 gün önce

Very true we have allowed mostly American companies to buy up businesses too almost 30% . They then migrate wealth overseas ending up paying no tax . Ironically a lot goes via UK possessions Cayman Virgin island Isle if Man . No other European country allows this

Keith profil fotoğrafı
Keith8 gün önce

One of the best posts I've read on X.👏👏👏👏

June P profil fotoğrafı
June P8 gün önce

Everyword of this.

Pete Sanford profil fotoğrafı
Pete Sanford8 gün önce

Thank you

Pjt profil fotoğrafı
Pjt8 gün önce

All good valid points. 👍GB News have just realised that there are more ‘small boat arrivals’ than British Army members

Grandma profil fotoğrafı
Grandma8 gün önce

@SkinKiss1 How much goes out of Britain .how much on illegals .how much on our security

Anne-Marie #Together❣️ profil fotoğrafı
Anne-Marie #Together❣️8 gün önce

It’s always been so since its creation, that’s why Charles I dissolved parliament 3 times

Lady Jane Simkins 💜🌸🏴󠁧󠁢󠁥󠁮󠁧󠁿🇬🇧 profil fotoğrafı
Lady Jane Simkins 💜🌸🏴󠁧󠁢󠁥󠁮󠁧󠁿🇬🇧8 gün önce

They wanted us as worker bees to increase their wealth and power. Now they have decided they don't need us any more. Which is why they devised the jabs & the covid scam. Along with net zero. The real aim is total wealth transfer and depopulation.

Durham Dodger profil fotoğrafı
Durham Dodger8 gün önce

Well said 👍 👍

Pete Sanford profil fotoğrafı
Pete Sanford8 gün önce

Thank you buddy

Barry Davies profil fotoğrafı
Barry Davies8 gün önce

@DaveHan05778974 The transfer of funds abroad that has gone out of control under Labour.

BallsDeepForBritannia profil fotoğrafı
BallsDeepForBritannia8 gün önce

This is fab But maybe of we stop trying to be welfare state to the whole 3rd world we be in a lot better shape

Sharon David profil fotoğrafı
Sharon David8 gün önce

Bravo. Each one of your points needs its own post.

Pete Sanford profil fotoğrafı
Pete Sanford8 gün önce

Thanks Sharon

Jen 🌮🌯 profil fotoğrafı
Jen 🌮🌯8 gün önce

I disagree. The UK is poor because tax revenue is used inefficiently and taxes are too high. Respectfully - the US pays even more debt and is the wealthiest country in the world. Bond markets also control US lending rates, etc. So where does the money go? Poor procurement processes, excessive welfare, over paying management consultants for transformation projects that never move the needle. We pay Palantir 400M a year to manage NHS data. We spend sums like £179M planning a tunnel that never gets built. The taxation on businesses is insane. Take hospitality - the second largest employer in the country - 75% of profit goes to the government. The same sector in the US pays 38% tax. So where does that additional 37% go? Should inheritance tax exist? Business rates don’t exist anywhere except the UK. Free markets win. In any country you will never get the uber wealthy to pay tax - they leave. It’s always been like that. So you need a booming upper middle class and middle class - that comes from free markets. Citizens are disincentivized to earn more than £100k a year because of the tax structure. I could go on. The bond market is the least of our worries - the incompetence in government is the biggest concern.

Kay T profil fotoğrafı
Kay T8 gün önce

The UK caught that awful Blairitis disease. It infected the Government, Civil Service, Judiciary, Regulators and the Banking system. Catastrophic. UniParty Blairite's gave it Oxygen. A strong dose of Lowe Common Sense appears to be the ONLY cure. Long overdue.

Nature Lover profil fotoğrafı
Nature Lover8 gün önce

Well said, and well explained Pete.

Pete Sanford profil fotoğrafı
Pete Sanford8 gün önce

Thank you so much

Nature Lover profil fotoğrafı
Nature Lover8 gün önce

You're very welcome.

The Black Fingernail 🇬🇧🇮🇱🇨🇳🇮🇳 profil fotoğrafı
The Black Fingernail 🇬🇧🇮🇱🇨🇳🇮🇳8 gün önce

This book explains a lot too

Pete Sanford profil fotoğrafı
Pete Sanford8 gün önce

Thank you

Asa profil fotoğrafı
Asa8 gün önce

👏👏Great post

Pete Sanford profil fotoğrafı
Pete Sanford8 gün önce

Many thanks

Jaws2 profil fotoğrafı
Jaws28 gün önce

This isn’t new nor is it news- it’s how the economy works in a capitalist world. Its the first time the West is facing real competition from the formally poor economies of the world, especially China. When government policies punish businesses and wealth creators, they move

JO’N profil fotoğrafı
JO’N8 gün önce

Let’s just take it bit by bit Pete. You say ‘the poor pay tax’. The fact is they don’t. Start from there.

Olexander profil fotoğrafı
Olexander8 gün önce

As the migrants numbers grow ever greater what do you expect ? A shangri La for the foreigners ? Nope. The Brits are cashing out and crashing down the system they will be a small ethnic minority in 1-2 more generations

PeterKiddell profil fotoğrafı
PeterKiddell8 gün önce

Splendid analysis ! Thank you for the clarity.

Joe Blow profil fotoğrafı
Joe Blow8 gün önce

Ignorant AI-tweaked slop. Nonsense. A perfect illustration of Brandolini's principle.

YamYam YoYo profil fotoğrafı
YamYam YoYo8 gün önce

Britain is a ponzi scheme just all the other democracy's

Richard profil fotoğrafı
Richard8 gün önce

You carefully avoid the UK aristocracy. They could change the system where Blackrock can't!

Ger2020 profil fotoğrafı
Ger20208 gün önce

And until we say no, nothing will change.

ATCorbett profil fotoğrafı
ATCorbett8 gün önce

What are the people going to do, to change it?

FIGHT4HUMANITY profil fotoğrafı
FIGHT4HUMANITY8 gün önce

#FIGHT4HUMANITY WRONG! The last 30 years back to member BLAIR we have been LIVING the @WEF ELITES HOLY WAR using MUSLIMS to KILL US & hope WE FIGHT BACK & KILL EACH OTHER as the ELITES believe that they can SAVE OUR ONLY HOME & THEMSELVES but at least 6 BILLON PEOPLE MUST DIE!✝️

Benzer Videolar

Why is Mr. Lakshmi Mittal and thousands of other millionaires leaving UK this year? Last year over 250k British nationals left the UK... and in the current year, almost 16k millionaires are expected the have left the UK... It's because of a major law that is proposed to be passed in the UK Parliament that none of the wealthy people like... To understand this, let's first understand why the Global Wealthy were in the UK to begin with... The Global Wealthy would go to the UK because the country had a Non-Dom Regime... which basically meant that all the incomes earned by UK residents in other parts of the world and all such capital gains would not be taxed... For example, in India, your global incomes are taxed if you are an Indian tax resident... Now there are three major changes that have happened that made millionaires pulled the trigger... 1/ In Oct 2024, the capital gains tax was increased from 20% to 24% 2/ In April 2025, UK abolished the Non Dom regime by which global incomes become taxable in the UK... and more importantly 40% inheritance tax becomes payable even on assets outside of the UK. 3/ And now the third issue... where the Govt is now proposing to levy a 20% exit tax on unrealised gains on these assets, which are not even sold, but only appreciated in value Now where are all these people going? Most of these people are now going to Dubai... No personal income tax, no wealth tax, no inheritance tax, no capital gains tax, no dividend tax... Absolute safety - no crime... and corporate tax is just 9% while you get all the first world facilities while being close to Asia as well as Europe. If you have to move somewhere globally, the best bet right now is the UAE.

JIX5A

57,632 görüntüleme • 10 ay önce

When people say things like ‘Why are people worried about wealth taxes that will never affect them’ it shows a fundamental misunderstanding of how the economy works and why even people who aren’t rich, don’t want wealth taxes. Wealthy people like it or not, are amongst the most economically productive people in our country, the top 1% of earners contribute 30% of our income tax receipts. The top 1% are responsible for approx 340,000 jobs in the economy etc. Wealthy people are also best placed to restructure their tax affairs to avoid wealth taxes and the most geographically mobile in our country, leaving for them is as easy as rearranging dates in their calendar. There is a wealth of comparative data from other countries showing wealth taxes are economically damaging, difficult to implement, expensive to administer and never raise the levels of taxes promised. There is no country in world that has ever raised anywhere near the £25 billion cited as the potential amounts that would be raised from an annual wealth tax. If the wealthy leave that impacts our tax base, which inevitably means that everyone else who isn’t wealthy, has to pay more tax. If they leave they will shift their strategic focus and capital to wherever they go, which means that money that would otherwise would have been invested in the UK will go elsewhere. This is precisely why other countries like Italy have tax regimes specially designed to incentivise wealthy people to come, they understand that having wealthy people is great for tax receipts, job creation and economic growth. It’s very disingenuous to assume the reason why people don’t support wealth taxes is because they believe they will one day be in the 1%. They don’t support wealth taxes for the most part because they understand they simply do not work. Zack Polanski is a dangerous man who isn’t even clear in his own mind why we need wealth taxes. His commitment to wealth taxes is ideological rather than evidence based. In the interview he explains that there’s a lot of the wealth in the city of London yet at the same time maintains that wealth taxes aren’t needed for raising tax revenues but are principally for reducing wealth inequality. So you mean to tell me the goal is the force some of the most economically productive people to leave so that we can all be poorer collectively but be more equal? In a country where 53% of households take more out of the state in benefits than they put in, what do you think will happen to the tax burden for working /middle class people if the top 1% leave or restructure their tax affairs in such as way that reduces their exposure to the UK. We are already at a post world war high when it comes to the tax burden and we are in real time seeing the damage it is doing to business and investor confidence in the UK economy. Yet you somehow think that levying even more taxes will have no impact on ordinary people?

D

86,577 görüntüleme • 4 ay önce

SHOULD GOVERNMENT BE ALLOWED TO TAKE PRIVATE PROPERTY? “People are waking up to the fact that the asset seizure tax is an elimination of private property rights, that fundamentally what you're saying [is] that private property now becomes public property. Because as soon as you give the government the right to collect your post-tax assets through a legislative vote, you are basically saying that you no longer have private property — because at any point in the future the government can vote to say I'm going to take your private property — which is different than an income tax. [An income tax] is when you earn something that you didn't have before, and they take a percentage of your earnings (of your income). The statement now is after you've made your income (it's now your private property) — they can come and take it. And so that is a distinction that has never existed in the United States. And I will make the retort right now to property tax, because people always say to me: ‘what about property tax?’ A property tax is a service fee on a particular, specific asset. The money that is collected provides services for that asset to make it more valuable. So you get roads, infrastructure, policing, fire, schools… All the stuff that comes with property tax makes that property [more valuable]. And you have the option at any point you want to sell that property and stop paying that property tax. You have the option at any point to downgrade your property and get a cheaper property and pay [a lower tax]. And here's the other important point about property tax: it’s uniform. Uniform means that everyone pays the same percentage, the same property tax rate in a county. This asset seizure tax that's being proposed is a demographic tax — meaning that the state or the legislature defines a specific group of individuals (in this case, they're saying anyone with a net worth over a billion dollars) and then they can go and take assets from only that group. That is nonuniform taxation. It means that for the first time we're saying based on the demographics of a person meaning whatever you want to use to define that person (in this case their wealth) — you are going to be treated differently. And that is different than an income tax, because remember when you have graduated income tax rates (and you say high earners get taxed more) — what you're taxing is the earnings, not the individual. You're not looking through to the individual to determine whether or not they're wealthy. All you're doing is looking at the independent earnings amount that's coming in. And so a uniformity clause is supposed to protect people from being demographically discriminated against. And you may roll your hand and be like: ‘Oh, who cares about the billionaires? Eat the rich. That's great.’ But fundamentally, you're giving the government, the legislature, the ability to in the future take any demographic definition they want and go in and take any percentage they want of after-tax property from you. That is why this is so troubling.” david friedberg The All-In Podcast

Ron Pragides 

258,567 görüntüleme • 8 ay önce

French economist Thomas Piketty explains to Zack Polanski that how a local wealth tax should Include an exit tax, adding rich should pay their fair share in proportion: "Let me make very clear that individual countries like Britain or France can very well have uh, uh, progressive wealth tax and billionaire on their own right away." "They don't need to ask the permission of their neighbors or the United Nation, or they don't need to wait for world unanimity." "The only thing they need to do when they do wealth tax on their own is to make clear that if you have made your wealth in, in Britain for many decades by benefiting from the public services in Britain, by the legal system of Britain, because creating wealth, accumulating wealth is always the outcome, uh, of a collective process where you use institution, the legal system, the education system, the health system, the transportation system, the road system." "If you have benefited from this during many decades, you cannot simply walk away at age 50 or 60 or whatever and say, okay now, bye bye, I don't pay tax anymore." "So the first, the only important thing you need to do when you set up a wealth tax, say in Britain, is to say even if you go away, you keep paying." "The way the Americans do it, is by saying as long as you keep U.S. citizenship, you pay even if you're in Switzerland, wherever you want." "I don't think this is the best way." "I think a better way would be to make people pay in proportion to the years of, of residents that they have spent in the country." "So if you have spent your first 50 years in Britain, you move at age 51, well that's fine, do that." "But you know, you keep paying 50, 51st of the tax that you would have paid." "So the fiscal cost for the treasury is quite limited." "Yes, so that's the important point." "And once you have said that, I think all the arguments about tax evasion sort of fall down almost immediately." "Now people will tell you, oh, but you cannot do that." "Of course you can." "The problem is that we have put ourselves in a situation to think that the very specific treaties about capital flows, what we have come to call free capital flows that were set up in the 80s and 90s, are sort of law of nature." "The idea that you have a sacralized right to benefit from the public services legal system in a country as much as you want, and then you push on a button and you can transfer your assets wherever you want and nobody can follow you and nobody can make you pay." "And it's a sort of new sacralized right." "But look, this is a uh, completely crazy system." "This is a machinery to make normal people middle class and lower class people hate globalization." "And if you tell people there's nothing you can change about this." "There's nothing you can change about inequality, about economic policy." "We see the only thing government can do is to control their border for, uh, migrants." "And then of course, 20 years, 30 years later, the entire political conversation is about border control and identity." "But that's because you close the discussion entirely about, uh, uh, economic and fiscal policy." "So we have to reopen the discussion." "And the first thing to do that is to question free capital flows in the sense that you don't have the freedom to escape taxation after you have benefited from the public services and public institution of a country during so long." "So if you address this directly and make clear that you will keep paying in proportion to the number of years you have stayed in Britain, then um, um, I mean, you can also combine that with rules about the location of the assets themselves." "As long as the assets are located in Britain, of course you can make people pay." "But it's important to, to have also the number of years you've spent in the country so that even if you move your assets away, you keep paying and you don't have the choice otherwise your assets can be taken away from you if some of them are in Britain, if you return to Britain and you've not paid your tax, well, you will be subject to the sanction which anybody not paying your tax." "So that's the first big thing, is that you don't need to have a world wealth tax." "You can do a lot at the level of Britain." "And we should not use this global wealth tax idea as an excuse not to do at, uh, the country level what national governments can do at their own level."

Farrukh

246,134 görüntüleme • 1 ay önce

Camilla Tominey humiliated on #BBCQT Gary Stevenson explains how we have given away national assets to rich people, so we should tax rich people Camilla Tominey dismisses the call to tax rich people by saying everyone pays taxes Gary Stevenson explains to tax the rich on their wealth Camilla Tominey says taxing the rich doesn't work, then cites European efforts to do so, she cites Norway But Norway haven't scrapped their wealth tax - In 2021 Norway raised the wealth tax from 0.85% to 1.0%, and to 1.1% for the richest. Their wealth tax brings in 34.5 billion kroner (about £2 billion) Gary Stevenson answers citing the second home stamp duty tax brought in by the Conservatives which has a loophole exempting those who buy 7 homes or more at once citing Jeremy Hunt Fiona Bruce says she doesn't know if he did or didn't buy 7 homes In 2018 Jeremy Hunt bought 7 flats in Southampton, doing go he made use of the loophole and saved over £100,000 in stamp duty tax. Not only did he do this, but Hunt didn't initially declare the purchase. This was a big story, surprised Bruce didn't know about it Gary Stevenson then explains how these loopholes mean rich people avoid paying tax, and its everyday people who end up paying more Camilla Tominey now humiliated over the idea of a wealth tax, then shifts her position wondering if wealth taxes will go to the poorest and not train drivers who are better paid She's trying to compare millionaires with non millionaires to suggest that we shouldn't tax more millionaires This is like saying, can you guarantee that leaving the EU will drop immigration. Well it could have, but it didn't because the people who convinced others to Brexit, like Boris Johnson, increased legal immigration to this country She also knows that tax today is specifically allocated to specific causes, so she's trying to create a reason not to tax the rich In reality, the way any tax is allocated to spending is down to any specific government policy, so it isn't whether we do or dont have a wealth, it's whether government choses a policy that allocates the additional income that is earned But also, and this is the crucial part, she started saying that wealth taxes don't work, and then she ends saying that you can't guarantee that they will go to those who need it the most - these are two different positions, and the second one nullifies the first as its an admission that wealth taxes could work but she dismisses them because they may not go to those most in need If a wealth tax, helps society in any way, it has worked e.g. fixing potholes that benefits everyone, including the poorest The extent to which people go to to dismiss wealth taxes on the rich is astonishing, tragic, and it is only our society that loses out by not doing so

Farrukh

496,769 görüntüleme • 1 yıl önce

Gary Stevenson, "I become obsessed.. I didn't realise how much money people made in the city (of London)" "In 2010 I saw an older generation who could afford to own their own properties and I saw my generation that would never be able to afford that" "I could see what we had was a structural crisis of growing inequality that's getting worse and worse" Richard Madeley, "You were making your fortune off the back of other people's misery" Gary Stevenson, "I was very poor growing up, we just wanted to make money. Then I go on a trading floor, with the rich people, who also want to make money" "In 2011 I became a multi-millionaire by betting the economy would collapse. They just paid me millions of pounds and said: do it again" "The traders and the politicians do not get hurt when inequality increases" Charlotte Hawkins, "If you were Chancellor what would you be doing?" Gary Stevenson, "This is not a temporary recession. If we do not deal with this crisis, there will be worsening inequality. The super rich will get richer. The welfare state will shut down. Ordinary families can't buy a home" "We currently have a tax system which taxes ordinary people 30%, 40%, 50% while billionaires like the Duke of Westminster inherit £10 billion and pay nothing" "We need to change the tax system so we tax ordinary people like your viewers less and tax the rich and super rich more" Richard Madeley, "What kind of wealth tax would you introduce?" Gary Stevenson, "When I talk about a wealth tax, it's not about income, its not about work, it's not about bankers, lawyers, youtubers or TV presenters, it's about 2% on assets over £10 million" Charlotte Hawkins, "Countries tried wealth taxes, but scrapped them and millionaires are leaving the UK" Gary Stevenson, "This data about millionaires leaving is a bit dodgy" "People like me campaign to tax the rich. When it comes in the rich lobby the politicians and get loopholes put in" "I always remember when the Conservatives put a tax on second home buyers and they put an exemption for people who buy more than 7 at once. Then Jeremy Hunt went and bought 7" "I know it's difficult to tax the rich but if we don't do this our society will collapse"

Farrukh

645,800 görüntüleme • 1 yıl önce

David Friedberg: California’s “Billionaire Tax” is a Trojan Horse to Go After the Middle Class's Private Assets david friedberg: “The reason they're calling it a billionaire tax is to make it easier for people to vote for it, and sign up to this entirely new tax system that they're proposing to put on all Americans at some point, and for the first time ever degrading our private property rights.” “Forget about how much wealth you have, forget about how rich you are, forget about the term billionaire, millionaire, whatever it is.” “We're creating, or proposing the creation, of a new tax system that allows the government for the first time ever to come in and audit everything you own.” “All the jewelry your grandma gave you, the value of all the couches in your house, the value of your car, the value of all your stocks and bonds, and the government can come in, and for the first time, look through the veil into your personal property.” “And say, ‘Here's how much all this stuff is worth. I'm charging you a percentage of that. That's what I need to get paid.’ And it doesn't matter that it starts with billionaires. What matters is that we're giving the government the right to look into our private property and take a percentage of it every year.” “The total net worth of billionaires in the US is $8 trillion.” “The net worth of the US, the middle class, and everyone else is $170 trillion, compared to $8 trillion of the billionaires.” Chamath Palihapitiya: “They need a way to open the door so that they can go after the real honey pot.” “The real honeypot is not 200 people.” david friedberg: “Just so everyone understands the real goal of this is not to tax billionaires, because there are other ways to tax billionaires.” “Charge them a capital gains tax if they borrow against their assets that they haven't paid capital gains tax on. Very simple, that can resolve this.” “Another thing you can do, you can raise the capital gains tax rate. Sounds unpopular. I don't agree with that, but that's another way to deal with this, which is to take the capital gains tax rate from 20% to 30%. You could do that.” “The real goal of this is to create, for the first time in American history, a private property asset seizure tax. Because they're going after the $170 trillion, not the $8 trillion that the billionaires have.”

The All-In Podcast

1,809,810 görüntüleme • 9 ay önce

Stop taxing Australians to be productive. We need to build real assets in this country that produce real goods and services if we want to provide our children with a prosperous future and to minimise the impact of AI. Yet we tax employers that employ Australians to do just that in the most complicated way by having six different state governments charge six different rates and thresholds. It’s not surprising that Australian companies are packing up and moving offshore. Payroll tax is the height of stupidity and a road block to future prosperity. On the other hand foreigners who buy and sell paper assets on the Australian Stock Exchange pay no stamp duty on those assets nor do they pay capital gains tax if they own less than 10% of the stock. This threshold applies to each foreign entity - it is not cumulative. This allows foreigners to scalp our children’s wealth via tax free capital gains. This rort is just another example of our own tax system working against us whilst political parties sit idly by and do nothing. People First is the only party that is willing to address both of these issues by charging stamp duty on paper assets to fund the abolition of payroll tax. Not only will this encourage employment in Australia, it will increase profits and therefore dividends from ASX companies helping investors here in Australia. We will also abolish the CGT exemption on foreigners and use that to lower taxes on Australian incomes. If you want to see more profits derived and kept in Australia please sign up today at

Gerard Rennick

15,071 görüntüleme • 2 ay önce

On 4th of July Independence Day, you should know the Income Tax was deemed Unconstitutional “There's no income tax in America until the Civil War. An emergency one Lincoln pushed after the Civil War, it's repealed 1892. They tried to have a peacetime income tax, it’s declared unconstitutional Woodrow Wilson pushes through the income tax, the 16th Amendment in 1913. It's a 1% tax on the top 1% richest people in the country. It's not to tax the people, it’s to go after those robber barons. The Rockefellers, Carnegies, J. Paul Getty's, the Astors. It would be sort of like today that only Warren Buffett and Bill Gates and George Soros, that's what the tax is for. And so you have Taft, pushing through a corporate income tax. And only the extreme wealthy owned corporate stock, so it was a backdoor way to get at them. Teddy Roosevelt was responsible for inheritance tax, because only the extreme wealthy had an inheritance worth leaving. But finally, Woodrow Wilson pushes through the income tax, which is the 1% tax on the top 1% richest people.” And today this is all applied to everyone Let me clearly break down the order of events: During the Civil War era (1861–1872) The first federal income tax was enacted during the Civil War under Lincoln. It was a temporary wartime measure. It was repealed in 1872, The Supreme Court upheld it as constitutional in Springer v. United States In 1894 there was another peacetime attempt at an income tax. Congress passed a 2% tax on incomes over $4,000 as part of the Wilson-Gorman Tariff Act. The Supreme Court struck it down in Pollock v. Farmers’ Loan & Trust Co. They again said it was unconstitutional So next in 1913 Congress forces an income tax on us with the 16th Amendment But what else happened in 1913? The federal reserve was established We had a central banking takeover and that same year they passed the income tax to steal from all of us This should have never been allowed to happened, the income tax was ruled unconstitutional It’s time to set Americans free and abolish the income tax

Wall Street Apes

161,403 görüntüleme • 3 ay önce