As part of any legislation to eliminate income tax, there needs to be a law prohibiting or minimizing the reduction in wages. I think both employers and workers should benefit from this change, but I suspect that without regulation, many will take advantage to simply reduce actual wages overall.
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I am glad you mentioned this. I have meant to write a post about why markets arent free, and that applies at multiple levels.
At the level of corruption (whether its considered as such, lobbying the way they do it now is nothing but corruption) and regulations making markets not free - you are absolutely right. To see the benefits of things like tax elimination etc, we also need to eliminate this kind of corruption.
I am quite confident that, that will happen, infact its a low hanging fruit when we reach the end of this disclosure and there is Great Awakening in the world.
What to me makes free markets completely redundant is the fact that free markets are only necessary when we have to find the most efficient means to share scarce resources. The most fundamental assumption in a free market system is that resources are scarce and markets provide the most efficient means to share these scarce resources.
What if we are actually living in a world of abundance? And scarcity is artificial ?
Thats a whole different discussion, but there is a good chance we will find out that we are living in a world of abundance.
There's nothing stopping companies from making great products that last decades so every household can have one, it's just not good for the bottom line so as a species we waste more to pad corporate profits.
Food is designed to go down easy and leave your body wanting more while farms and ranches that provide real food around the country mysteriously explode and burn down or virus concerns causes the government to demand the slaughter of whole herds. Oil was marketed as a "fossil fuel" to promote its "rarity" but now we find old wells that have been capped for a while and were tapped out are 80 percent full again, seems to renew. Diamond scarcity and value is a myth, just as some examples of the lies we buy into collectively.
We live in a world of haves vs have nots and the deck was stacked long before any of us was born. Companies and people like Schwab dream of future where we own nothing, and we are quickly heading that way, with healthcare, food, and housing ownership being out of reach of so many, each freedom taken from is because our government sells us out to these companies and foreign interests. Could we be post scarcity? Maybe soon, but some big, biblical scale things need to change first.
I agree with everything you wrote but I would make a correction:
The dividing line is not haves vs have nots - much as they want you to believe it. The dividing line is We the people vs the Shadow puppet masters who control us.
This was clear no other time better than during the pandemic. The number of "haves" who were forced to take vaccines simply to keep on being "haves" was shocking. At the same time, most people who managed to refuse it completely were those we would think of as "have nots".
The reason why we live in a society where products are cheaply made and quickly breadk down, piling up in some landfill can be directly traced back to the fundamentals of the fiat financial system.
The more money you print into a system, the more value you are sucking out of that system, and the only way to keep this charade going, even for a little while, is by stealing equal amount of wealth from the system.
Replacing nutrient rich food with processed foods is not really about profits (which at a mid level is the motive for sure), but really about keeping the ponzi financial system keep going for a little longer.
Same with replacing anything of real value with something whose value can be faked.
This book How an Economy Grows and Why it Crashes is probably the BEST way to not only understand this, but to relearn economics from first principles.