Published By: Sreyanshi

Paying taxes and how that makes you work for the banks?

What is the main idea behind tax? Let’s look behind the façade!

The middle class, working class, and poor are burdened with literally one hundred various forms of taxes, such as income tax, sales tax, property transfer tax, excise tax, and so on, while billionaires and their extraction machines (called businesses) pay practically no tax. All that is done in the name of development of a country, the very development that is run by the people who produce all these goods that the businessmen run their business out of. The products don’t come into being out of thin air, they are produced in factories.

We work tirelessly and earn our livelihoods to survive and most of it goes away in paying the thousands of different kinds of taxes. But these very taxes that we must pay still remain insufficient to fund the government's operations. Corporate-controlled governments spend a ton of money on pet projects and crooked schemes that no responsible democracy would ever approve. They also provide their corporate sponsors enormous tax cuts and incentives while the regular citizens who are way more in numbers keep on paying their dues increasingly with every budget.

Also, there is always a budget deficit since politicians oppose taxing people who have gained the most from society. How then do corporatists behave? They obtain the difference's borrowing from their banker friends. The banks here run the main cycle and make the commoners pay for their millionaire top level company owners who are only profiting off of the work that the regular employees do and the products that they produce.

Governments produce money by purchasing bonds from banks (interest-bearing debt). Here also the bankers have the upper hand in controlling the government and in turn running the state on behalf of them.

Corrupt people also borrow a lot. Now, corrupt politicians owe US taxpayers $30 trillion in debt, with interest payments coming to $677.6 billion a year. Yet the financial crisis is paid off from the labor of common people who have been robbed off of their money by the banks, in the first place.

In other words, as a tax paying citizen, you are forced to work for almost $2,000 in interest payments to banks every year, money that is taken from your wallet through taxes on all the goods and services you use.