22 Jun 2021 12:02 am
Speaking of the peons paying taxes, this is something Robert Kiyosaki covered in one of his presentations.Cannonpointer » 21 Jun 2021, 3:09 am » wrote: ↑ What if you re-read that, but use "one" where he uses "you." Would that help you get his point and stop falsely accusing him of name calling?
Basically what the ultra wealthy do (people who own $100M of assets or more) is take out an extremely low salary and borrow based on their equity (ownership of existing assets) to cover expenses, both personal and business.
They probably pay anywhere from 4-8% interest on debt (which REALLY is income but isn’t considered income by the IRS since it’s “debt”) which makes it far superior than paying 50% on combined taxes @ fed, state, and local if you’re an upper middle class surgeon making $450K a year or even a software engineer paying 35% on $200K.
It’s like George Carlin said - the wealthy keep all the money and pay almost no taxes, the middle class does all the labor and pays the taxes (peons), and the poor just lounge around to remind middle class wage slaves what will happen if they don’t get up at 7 AM when the alarm goes off.
Paying 8% to the criminal bankers is hell of a lot better than paying 40% combined to the criminal government, which is owned partly by criminal bankers so really no difference
Whenever progressive retards suggest raising INCOME taxes to hit the wealthy parasites, I just laugh.