by Michael Snyder, The Economic Collapse Blog:
The entire system has been designed to generate as much revenue from your activity as possible until someday you eventually drop dead. It is tax season, and that means that it is time to feed the largest and most bloated government in the history of the entire planet once again. Of course the federal income tax is just one of the ways that they are systematically draining your wealth. As you will see below, there are literally dozens of taxes that Americans must pay each year. Many of our politicians seem to revel in inventing ways to extract money out of us, and that needs to stop.
TRUTH LIVES on at https://sgtreport.tv/
Most Americans are working extremely hard, and yet money seems to keep going out the other end faster than it is coming in.
The truth is that the entire system has been designed to take what you have away from you.
There are many ways that this is accomplished – taxation, inflation, debt, interest, fines, fees, tickets, government seizures and good old-fashioned corporate greed.
If you decided to just sit back and do nothing but hold on to the wealth that you already have, you would find out that it would disappear quite rapidly.
It is not an accident that most Americans are experiencing a declining standard of living. The system is rigged, and the rigging has not been in our favor.
The following are 55 ways that everything that you think that you own is being systematically taken away from you…
#1 Do you think that you own your home? You might want to think again. Most Americans that “own a home” are paying a mortgage. If you stop paying that mortgage you will lose that home. The number of foreclosures in the United States last year was up 174 percent from 2021, and mortgage delinquencies have been rising in recent months.
When homeowners get booted out of their homes, they don’t get their down payments back.
They also don’t get all of the mortgage payments that they have made back.
The banks get to keep the money and the homes.
Perhaps you have paid off your mortgage. Does that mean that you now “own your home”?
No, not really. Just refuse to pay your property taxes and see what happens. At best, you can say that you have the right to rent your home from the government.
In any event, the reality is that the banks now own more of “our homes” than we do.
Just check out your most recent mortgage statement and see how much “home equity” you actually have.
If you recently purchased your home, it probably isn’t much at all.
Things used to be far different in this country. Once upon a time, ordinary Americans owned most of the homes and most of the land in this nation.
But now the banks own most of it. Sadly, most American families that believe that they “own homes” are actually enslaved to 20 or 30 year debt contracts.
And if something happens and you are unable to keep making payments, you could lose everything.
#2 Do you think that you own your vehicle? You don’t own it if you are still making payments on it. Of course if you stop making payments you will rapidly lose that vehicle.
Read More @ TheEconomicCollapseBlog.com
