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submitted 4 weeks ago* (last edited 4 weeks ago) by Wuli1@lemmy.world to c/whitepeopletwitter@sh.itjust.works
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[-] Marshezezz@lemmy.blahaj.zone 14 points 4 weeks ago

Please look into tax striking. We need every kind of strike there is going on right now for real. wtf is wrong with this half asleep country, shit should be on fire right now

[-] Mulligrubs@lemmy.world 2 points 4 weeks ago* (last edited 4 weeks ago)

They don't NEED taxes. They just WANT taxes.

so why do they take so much money from their own citizens if they don't need it?

Because the higher the taxes, the higher the profits for those on the board of THE FED, like Deutsche bank, Citibank, and so on, who collect interest from these massive movements of money and loans.

I guess my point is a tax strike would be annoying, but not harmful to the beast. The old days where a king had to raise money to fuel wars is over. The entire economic system fuels wars internationally through DEBT.

[-] Sludgeyy@lemmy.world 4 points 4 weeks ago

They don't NEED taxes. They just WANT taxes.

The government absolutely needs taxes. It's the primary source of income for federal, state, and local governments.

You have to pay interest on debt or else you default. If you default no one will give you more debt. If you're in debt and can't get more debt then there's a problem.

If everyone stopped paying taxes it would be devastating

[-] EchoCranium@lemmy.zip 1 points 4 weeks ago

State and local governments certainly need tax revenue to fund themselves. But our federal government does not. The US government controls the dollar, prints our currency, and can create all it wants. Federal taxes are used to pull money back out of circulation to keep the system in balance, so that the value of the dollar isn't diluted. Not paying federal taxes would eventually create a situation painful for everyone. If the feds keep up spending, the dollar becomes worthless with too much money in circulation. They cut spending to try to keep the value up, then large chunks of the economy grind to a halt. Neither situation is good. If everyone's faith in the value of the US dollar falters, the economy here falls apart. The wealthy can partly weather it, but the middle class and poor will be screwed.

[-] Sludgeyy@lemmy.world 1 points 3 weeks ago

But our federal government does not.

Not paying federal taxes would eventually create a situation painful for everyone.

That's like saying "You don't need to brush your teeth, but, eventually your teeth are goIng to rot."

The whole system will crumble. You cannot just "print" money to solve problems.

[-] Marshezezz@lemmy.blahaj.zone 2 points 4 weeks ago

I’ve seen that tax striking in addition to other forms of resistance can cause quite the ruckus but I appreciate the info cos I was a bit naive and uninformed in thinking it would be a better solution than it seems to be. Burning shit down would probably be the more effective way but we’re all pretty fucked it seems

[-] TheJesusaurus@sh.itjust.works 4 points 4 weeks ago

That guy is 100% a whacked out conspiracy nutter. Please ask him to explain exactly how higher tax rates increase profits for the boards of the fed.

His heads in the right place but the fed isn't shadowy cabals and secret societies evil. It's just normal, regular, banal, calloused, corporate evil

[-] Mulligrubs@lemmy.world 1 points 3 weeks ago* (last edited 3 weeks ago)

Look up who's on the board and what they control and go from there. There's no "shadowy cabal" or "secret society". It's all right out in the open.

The US needs money, the fed controls the money. That's not a conspiracy, friend.

The US takes a loan on this money, which was never printed. Banks make money.

With that loan, the USA gives a loan to another country. Banks make money off of that new nation (interest).

That third world, poor country can't pay the loans, of course. They are given another loan. The banks make money off of that loan to cover the "costs" of the old loan (zero).

None of this "money" was ever printed.

At this point, they've been collecting interest off of that money many times over. The banks then buy physical property/goods with that money that was never printed and costs them nothing.

This is vastly over simplified, but cannot be denied.

We agree on one thing, it is banal and business as usual.

https://en.wikipedia.org/wiki/Federal_Reserve

[-] TheJesusaurus@sh.itjust.works 1 points 3 weeks ago

I mean I agree with everything you've said here but I think you're also misinterpreting the relationship between the fed and the us government, the feds public facing function and what it does.

[-] Mulligrubs@lemmy.world 1 points 3 weeks ago* (last edited 3 weeks ago)

I don't work at The Fed, but I do know every member on their board is from a bank or financial institution and they will return to a bank or financial institution after they serve their term.

The FED are bankers in charge of the regulation of bankers.

You can disagree and that's fine, but put me in the camp of Bernie Sanders and many others.

Recommend a book to me to convince me how great they are, I don't take your word for it.

https://www.commondreams.org/news/sanders-bank-executives-federal-reserve

[-] TheJesusaurus@sh.itjust.works 1 points 3 weeks ago

Of course they are bankers, that's by design? It's literally how it's set up. I generally respect Bernie sanders. I don't think the fed is a great example of a central bank implementation either but you can't just hand government the power to print money...

[-] Mulligrubs@lemmy.world 1 points 3 weeks ago* (last edited 3 weeks ago)

They go back to work at the bank after the FED, the VERY BANK THEY REGULATE.

Open your eyes, please and thank you.

"you can't just hand the government to print money" Guffaw . Good idea, let's get the for-profit banks to print money. BRILLIANT

[-] TheJesusaurus@sh.itjust.works 1 points 3 weeks ago

You keep saying these things, I know that, that's precisely how the fed is designed.

The fed isn't a for profit bank

[-] Mulligrubs@lemmy.world 1 points 3 weeks ago

The FED IS staffed by for-profit bankers before and after their term on the fed.

The FED is for profit.

[-] Mulligrubs@lemmy.world 4 points 4 weeks ago* (last edited 4 weeks ago)

In the USA, our government isn't even in charge of our money! (the "federal" reserve isn't actually federal, that name is for the proles)

The great thing about being an international banking cartel is, even if you burn down a nation, for example, the cartel would make a fortune off the war (by selling arms and giving loans to all involved in the war), AND they would make a fortune off of the rebuild (by providing loans for the rebuild, like after World War II).

How do you stop an international cartel of bankers representing concerns that have been around longer than most countries? Most of these "banks" (much more complex than that, I am simplifying) were around when slavery was legal. Centuries old

I have no idea. I'm not saying to do nothing, I'm saying that it's big, very, very big. And not even hidden! They act right out in the open.

[-] TheJesusaurus@sh.itjust.works 1 points 4 weeks ago

Yeah just for anyone reading this, this is obviously horseshit. Not saying I'm like a huge fan of the fed or shady bankers but, this guy's clearly off the deep end

[-] Mulligrubs@lemmy.world 1 points 3 weeks ago* (last edited 3 weeks ago)

Look at the fed and go from there. There are no "shadows", simply layers, that you can peel like an onion.

This is all public information and business as usual.

https://www.federalreserve.gov/aboutthefed/bios/board/default.htm

[-] TheJesusaurus@sh.itjust.works 1 points 3 weeks ago
[-] Mulligrubs@lemmy.world 1 points 3 weeks ago* (last edited 3 weeks ago)

So, it's not horseshit or off the deep end. That was easy!

[-] TheJesusaurus@sh.itjust.works 1 points 3 weeks ago

It's a semi private quasi governmental nightmare of a compromise. It's better than either the government or the private sector directly controlling money. And that's basically all it's designed for. The fed has probably solved a lot more crises cause by capital or government than vice versa. It's just your central bank. They aren't really the problem at all

[-] Mulligrubs@lemmy.world 1 points 3 weeks ago* (last edited 3 weeks ago)

Did you know that "The Great Depression" occurred right after the Fed was created?

They are the financiers of the problem. Follow the money. ALWAYS

I encourage you to look at the history of JP Morgan, the person and the bank, just for starters.

The bankers are in charge of regulating their very own banks that they left to serve on the Fed, after their term they return to that very same bank that they "regulated".

They are not doing this for charity, they are not altruistic.

Who do you think is empowering Trump and friends right now? honest question, where do you think the money is coming from?

[-] TheJesusaurus@sh.itjust.works 1 points 3 weeks ago* (last edited 3 weeks ago)

I'm not sure if you think I don't know that? What money are you talking about exactly? The US governments money? Yeah it comes from taxes and debt. And if the government wants to borrow it issues bonds, and if nobody else wants to buy the bonds the fed acts as a buyer of last resort. That's where the money comes from, but what is your point?

[-] Mulligrubs@lemmy.world 1 points 3 weeks ago* (last edited 3 weeks ago)

I don't assume that you know anything?

"what money are you talking about exactly".... are you Jordan Petersen? Figure it out.

My point is the FED is predatory bank profiteering, you know, because that's who they are and what they work for. They don't take a break from being predatory bankers when they are appointed.

I'm not putting any twist on it, there's no "secret".

[-] wookiepedia@lemmy.world 1 points 4 weeks ago

You do realize that any profits beyond operating costs at the Federal Reserve Bank are given, in full, back to the US Treasury, right?

I don't disagree about the private banks, though. Volume makes profit.

[-] Mulligrubs@lemmy.world 1 points 3 weeks ago* (last edited 3 weeks ago)

You're not counting the layers and layers and layers of interest collected by the banks as money changes hands.

You do realize they don't do ANYTHING for free, don't you? Or for "operating costs" alone for that matter. Naive!

this post was submitted on 06 Jan 2026
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