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<h2>What they don't tell you about the Blood Taxes.</h2>
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<a href="https://www.wsj.com/economy/global/taxes-governments-worldwide-9e07c2c0">Souce</a>
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In the current context in both the United States, Europe, and Latin America, things are getting ugly, the only thing that should be clear to us is that they are going to hit us with taxes, after the waste and that no one gave it importance and that everyone applauds with their ears. so much help and so much subsidy, time will weigh like lead and in a few years little by little you will pay much more than now in your tax bill in exchange for nothing.
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The options are already beginning to be few, but waiting for the state's steamroller to crush it again is a bad decision. After 5 years of exorbitant government spending worldwide, the corresponding inflation seems to be returning, now taxes are coming in. On the scene it turns out that what seemed free was actually not free. Recently the Wall Street Journal proclaimed that we are in the era of large taxes that have already arrived. They highlight in that article that in the face of a very onerous debt both in magnitude and in interests, governments are going to seek financing from voters and companies.
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Tax revenues have reached record figures in many OECD countries, curiously mainly invested in war conflicts in Industrial policy in subsidies to selected companies and a supposed climate crisis. In the United States the change has been drastic, from just over 5 billion to 7.5 trillion dollars in just 5 years, an increase of 48%, even in terms of GDP they went from 25 to 28% in the same period, so if you have dollars and you perceive that they are worthless, you are not wrong.
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Regarding spending and accumulated debt in Europe, the situation is very similar. If you have euros and you see that they are worth less or nothing, you are not wrong. If you perceive a depreciation in the value of your euros, you are right.
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Current taxes fail to cover the excessive government spending of recent years. In the United States, this spending has risen to 38% of GDP, while in Europe it exceeds 50% and this reveals an approximate deficit of 10% between income and expenses. , to put it in perspective, closing this gap in the United States through taxes would require an increase of approximately one third, which could obviously translate into tax rates of 60 percent or even more, assuming that recent spending packages in trillions and trillions of dollars , trillions there, come to an end which seems unlikely.
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Part of this situation is due to the growing circle of beneficiaries in Washington, but also in Europe, such as subsidies related to environmental policies or the next generation funds here that could increase even there and taxes by an additional 600 billion of GDP, in addition the new Military confrontation said this article in the Wall Street Journal that they arise with the frequency that mushrooms after the rain are vigorously promoted by defense contractors involving financial commitments that amount to more billions of dollars.
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<a href="https://www.visualcapitalist.com/map-basic-income-experiments-world/">Souce</a>
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America currently faces the highest tax rates in six decades and these are expected to increase even more, this is because the tax cuts implemented during the administration of the previous president of Donald Trump, are already very close to expiring and the Democrats seek to impose new taxes to support their growing base of government-dependent voters, state-dependent voters also happen here everywhere.
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At a global level, governments are already disbursing 2 trillion in debt interest and it is projected that this figure will reach 3 trillion in just 3 years, it is unsustainable, these increasing debt costs will impact various areas from war conflicts to environmental subsidies, policies immigration and totally shameless strategies to buy votes.
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Until now the left has even begun to promote universal basic income in many places, a measure that could further exhaust the limited fiscal margin available. In the United States, a Popular version of this universal basic income would have an approximate cost of 3 trillion dollars. annually, which would complicate the current deficit.
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It would be wise for you to take care of your finances because there will be very little room left when governments conclude their intervention, there will come a point at which the incentives for entrepreneurs to invest or even maintain their businesses will be significantly reduced, especially with that pressure . Fiscal, it will be then when a firm economic decline will begin to be perceived.
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Tax revenues have increased, as I told you, to record levels as part of an economic product that several important economies have launched. As I told you before, these are data published in this case by the organization for economic cooperation and development, the famous OECD, which There may be many things, but their data is usually reliable, the club of the majority rich countries.
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These increases mark a trend towards a larger government, more state, a phenomenon that has intensified thanks to the pandemic, covid and the entire history of the Chinese virus.
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This expansion is also fueled by national security concerns in a context of growing geopolitical divisions and above all by the need to care for increasingly aging populations and efforts to combat climate change everything is for our security, everything is for our fine, but you have to pay for it, COME WHAT'S COMING.
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