Here Comes the Reign Again

The Progressives are coming for you through the IRS. Manchin and Schumer combine to give the IRS $80 billion in new funding. Were you forwarded this email? [Sign-up to Rude Awakening here.]( [The Rude Awakening] August 04, 2022 [WEBSITE]( | [UNSUBSCRIBE]( Here Comes the Reign Again - Manchin and Schumer combine to give the IRS $80 billion in new funding. - They expect this “investment” to yield $200 billion. - The upper middle class will get shellacked. Recommended Link [[SCIENTISTS SPEECHLESS] Patent No. 11,219,620 B2: The End Of Arthritis?]( [Click here for more...]( This tiny stock’s new patent could give new hope to millions… and make early investors rich. And it all kicks off with an announcement that I expect any day now… when this $87 million company will announce what could be the potential end of arthritis. [Click Here Now]( Sean Ring Editor, Rude Awakening Happy Thursday! One more day to get through, and we’re done. I’m getting used to NYC coffee in the mornings again. Though I must admit, I miss the blue Greek coffee cups that seem to have disappeared. Credit: [My Recipes]( What I’m not getting used to is the expense. I can’t believe how friggin’ expensive this town is. I know, I know. I’ve been gone a long time, but I should know better. But it’s not just the price inflation. I can’t figure out how ordinary people here make ends meet with the taxes they have to pay. And as costly as paying taxes is now, just wait until Chuck Schumer and Joe Manchin get their IRS lackeys after you. This awful reconciliation bill is more “Frankenstein’s Monster” than “peace quilt.” And it’ll rip the savings right out of your hands. In this Rude, I’ll explain why holding onto as much of your earnings as possible is the most moral thing a person can do. The Reign of Terror I loathe the French Revolution. It was a proto-communist enterprise. It’s a disgrace to compare it to the American Revolution. Men like Maximilien Robespierre are lauded to this day because young people don’t understand the distinction between persuasion and coercion. Honestly, the only good thing I can find about Maximilien Robespierre is that he’s dead. Robespierre defined the “terror” to which he is inextricably tied. From [Wikipedia]( If the basis of popular government in peacetime is virtue, the basis of popular government during a revolution is both virtue and terror; virtue, without which terror is baneful; terror, without which virtue is powerless. Terror is nothing more than speedy, severe, and inflexible justice; it is thus an emanation of virtue; it is less a principle in itself, than a consequence of the general principle of democracy, applied to the most pressing needs of the patrie [homeland, fatherland]. So, if you disagreed with Robespierre and his criminal friends, you were “terrorized” by a guillotine. Luckily, we’re fresh out of guillotines! The Communist Manifesto Then came along the real communists. Here’s how I think: if it’s in The Communist Manifesto, it’s probably wrong. These are the [ten planks]( of that awful book: - Abolition of property in land and application of all rents of land to public purposes. - A heavy progressive or graduated income tax. - Abolition of all rights of inheritance. - Confiscation of the property of all emigrants and rebels. - Centralization of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly. - Centralization of the means of communication and transport in the hands of the State. - Extension of factories and instruments of production owned by the State; the bringing into cultivation of waste-lands, and the improvement of the soil generally in accordance with a common plan. - Equal liability of all to work. Establishment of industrial armies, especially for agriculture. - Combination of agriculture with manufacturing industries; gradual abolition of all the distinction between town and country by a more equable distribution of the populace over the country. - Free education for all children in public schools. Abolition of children’s factory labor in its present form. Combination of education with industrial production, etc. And why do they want high taxes? Because redistribution is the only way to keep anyone from pulling away from the pack. That is, the productive must give to the unproductive to keep this “society” going. It’s not a society most people want to be a part of. And yet, since the publication of the Manifesto, most people unquestioningly believe that an income tax is “fair” and “how you contribute to your country.” Now that’s deplorable! Recommended Link [Have you heard George Gilder’s latest extraordinary prediction yet?]( [Click here for more...]( He was dubbed the “Tech Prophet” by Forbes… once won the White House Award for Entrepreneurial Excellence… and his work is respected by tech insiders like Bill Gates and former Google CEO Eric Schmidt… And recently, Gilder went on camera to explain how a new tech revolution is about to hit America… one that could unleash up to $15.1 trillion in new wealth. According to Gilder, if you don’t understand this new tech you could miss out on one of the greatest moneymaking opportunities for thirty five years. [Click Here To Learn More]( What This Bill Will Do From [The Wall Street Journal]( The pact between Sen. Joe Manchin and Majority Leader Chuck Schumer includes $80 billion in new funding for the tax man. Democrats claim this “investment” will yield more than $200 billion in revenue. That estimate is highly speculative, but if it’s anywhere close to right IRS auditors will soon be coming after tens of millions of Americans. The $80 billion is more than six times the current annual IRS budget of $12.6 billion. The money will be ladled out over nine years and comes with few strings attached. The main Democratic command is for the tax agency to bring the hammer down on taxpayers. Sheesh. The last thing anyone should want is a bigger tax man. This sort of idiocy is why US citizenship renunciations went up so much. It reminds me of the passage of FATCA, the [Foreign Account Tax Compliance Act]( which forced many overseas Americans to turn in their passports for good. I was one of those Americans. FATCA made life miserable. Americans overseas couldn’t even open up bank accounts. That’s because the paperwork imposed by Congress on foreign financial institutions was too onerous. So they just stopped servicing Americans altogether. Now, Americans inside America are getting similar treatment from their government. [The Journal]( continues: The main targets will by necessity be the middle- and upper-middle class because that’s where the money is. The Joint Committee on Taxation, Congress’s official tax scorekeeper, says that from 78% to 90% of the money raised from under-reported income would likely come from those making less than $200,000 a year. Only 4% to 9% would come from those making more than $500,000. Let me be clear: taxation is theft. I didn’t say it first, but it’s true. Here’s the great [Murray Rothbard]( Taxation is theft, purely and simply even though it is theft on a grand and colossal scale which no acknowledged criminals could hope to match. It is a compulsory seizure of the property of the State’s inhabitants, or subjects. And depriving a person of the fruits of their labor is the worst kind of theft because it deters the very work that sustains productive individuals, their families, and their nations. Avoiding Is Not Evading Let’s get another thing clear: tax avoidance is entirely legal. Tax evasion is not. That’s why it’s so essential to hire a competent accountant. They’ll save you much more on your taxes than the fees you pay them. I can’t recommend enough you do this. It continues to astound me that people refuse to pay for an accountant that can save their families thousands of dollars yearly. Tax avoidance is merely not overpaying your taxes. But here’s a little secret: evading tax demonstrates a lack of ingenuity. Some people don’t know the rules, so they just don’t pay. That’s the crazy train. Pay an accountant to know those rules for you and keep you out of the IRS’s sights. No law says you pay the “maximum tax intended.” In fact, a good government would want its citizens to keep as much income as possible. And if that doesn’t work, get on maneuvers. Remember, the first pillar of the Rude’s Pillars of Financial Freedom is to have a second passport. That way, you can get out of Dodge when enough is enough. Better to be years early than a day too late. Wrap Up It’s moral to keep the fruits of your labor because you created them. It’s moral to pass on those fruits to your children and grandchildren. It’s moral to spend your wealth as you see fit. What’s immoral and reprehensible are thieving politicians who can’t keep their filthy paws out of your pockets. Isn’t it better to fund your family’s posterity than the Pelosi family hedge fund, Biden’s bumbling, or Kamala’s cackling? Have a great day! All the best, Sean Ring Editor, Rude Awakening [ARCHIVE]( | [ABOUT]( | [CONTACT US]( Rude Awakening is committed to protecting and respecting your privacy. 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