
“Other than a small percentage of the population who have managed to build enough wealth to break the cycle through diversified investment and income sources, the vast majority of the population lives pretty much hand to mouth. Of the money you earn, close to a majority is now returned to the state in the form of taxes of all description (payroll, property, sales, income, etc., ad infinitum). Then, because it’s a rigged game, just like the company store, the money you do manage is steadily debased. And while the situation is bad, it hasn’t yet gotten desperate.”
http://www.caseyresearch.com/cdd/welcome-company-store
Related posts:
Downside Resilience, Anyone?
The Ultimate Layer of Financial Protection
Realism versus Nonintervention
Our American Dream Has Become The World's Nightmare.
How to End the Wars - It really is easy and it's been done before
Game Theory and Bitcoin
How the Taxman Cleared the Dance Floor
Bill Bonner: The world’s fattest army
Paul Craig Roberts: The Case of the Missing Recovery
John Hussman: The Two Pillars of Full-Cycle Investing
Bill Bonner: The Real Reason American Capitalism Is Failing
Hey Iraqis: How’s that “Liberation” Stuff Workin’ Out For Ya?
Ivan Eland: The Endless Cycle of Terrorism
"When Will They Learn?"
To The US Govt, Failure To Disclose Foreign Accounts Is Worse Than Child Porn