The Inflation Reduction Act - actually... The Fixed % Tax System

This bill has been called the inflation reduction act, but its most important aspect is a fixed % tax system. 

That means the richest 3%, also known as the tax dodging scum will now have to pay tax as well. The richest 3% that own 97% of a country's wealth. 

No longer will 97% of a country's wealth get away with paying little to no tax.
3% of the wealth will no longer carry most of the tax burden. 

In the medium term, it could mean everyone pays a lower % of tax because the middle class and poor are no longer solely responsible for paying tax. 

From a purely economic perspective, centre-left and centre-right parties are needed to maximise capitalism by making sure the middle-class is the majority - and deciding policies.
The centre left and centre right can take turns running the government, not far left or far right. 

My biggest gripe with the conservative political party in Democratic countries is they only represent the richest 3%. (At least from an economic perspective). 

In the past, the dumb religious just voted conservative because that is what their church told them to vote for. Their Church was bribed by donations from the corporates like petrol companies.
Now that religion is fading out, the younger generations want a proper conservative option, a conservative middle-class agenda.
A centre right, not a far right that just looks after the rich interests (e.g. allowing them to get away with little to no tax). 

I saw Dumb Mike Redneck say that everyone will pay more tax on another thread because of this legal bill amendment. 

He fell hook line and sinker like the dummy he is for the propaganda of the politicians on the payroll of the shareholders. What nonsense. 
The tax will not increase for most people, as they are already paying their fair % of tax. If anything over time most people will pay less tax, now that the rich are paying a similar % as everyone else. 

Finally, everyone is going to pay a fair % of tax. I would like to see the same thing happen in the UK, and other Democracies around the world. It would protect capitalism and Democracy in the long run as it is a fair deal for everyone. Not equal, just fair. It will prevent the far left getting into power as well. 

One wonders where you get your stories from - one must assume it is the fake news agencies.   The whole thing is an outright lie and the inflation reduction is BS.    The whole story is the dream of idiots.   

The US Government wats to print extra money to pay $433 billion.   They have already increased the deficit in  less than 2 years from $23,5 trillion to $31 trillion and  they ahve to borrow money purely for payment the interest on the debt.   

They claim they are going to collect  and additional $700 billion in additional income tax - but that will not happen.    There is no way that it would work and if they get 50% of the $700 billion it would indeed be a miracle.

Real economic experts belief the Biden advisors do their best to enhance inflation  on the basis that the people would not have  due to inflation the money to buy essentials and that would end up forcing the prices down.   

The end result is recession  and that would lead to destruction of the middle class and  of impoverishing millions of people.    Economist notes that it would have destructive consequences for the US economy.   The fact is that ia recession kicked in when two succeeding quarters there is a reduction in the GDP - it is a worldwide accepted norm - but the Biden BSter's now denied their is a recession despite two quarters of reduction in GDP.

The so-called green energy is a pipedream - it entails the import from China of the sun panels and  batteries and that in itself will increase the debt burden of the USA .   The fact is the economy is being interfered with by an attack on real economic values by the Democrats and the massive increase in the Federal Government public servant component.    Most of the new appointees are incompetent and appointed because of Democratic Party membership.    The salary budget is skyrocketing and racketeering is rife - money is spent on projects theat were not budgeted for .    Billions of money is redirected to pet projects of the Democrats from what it is intended  for partly because of incompetence and partly on  outright looting of money.

The fact is that the far left is at present ruining the USA - the Democratic Part has gone so far to the left that it is a dangerous lot using undermining of the constitution as a norm.   YOu have gone overboard again in the idiocy stakes.         .             

ButtPlug, you silly fool. Of course, the government should have the power to enforce a fixed % tax system. If the government do not have this power, it just means the richest people are above the law. If the government already had the power to enforce the law for everyone else, what is the difference for the rich?

It is a major achievement for the Biden administration. Everyone will benefit except the richest tax dodgers. No more silly charity donations by the rich to get attention in the media, when they are using loopholes to avoid paying taxes.

This adds to the international tax laws where global corporates could get away paying no corporate tax. 
Suddenly the richest people are not going to be so much richer than everyone else, because it is becoming a more even playing field. The changes are fixing corruption and making sure it is a more natural distribution of wealth. It is how capitalism is intended to be. A hierarchy for sure, but an even playing field. There will still be billionaires, but ones that operate on a level playing field as anyone else. 

 
Only the uneducated dummies like you and DumbMike cant see this. The sensible conservative middle class will at least admit this is a step forward. In the medium term the government will be collecting so much more money, that the % of tax collection for everyone could be less- now that the rich are actually contributing a fixed % like everyone else. 
 
Still see you are dumb enough to think that Bitcoin is a magical currency and is not subject to the realities of supply and demand. 

As for your other ramblings, it is just a lot about nothing, and hard to respond. 

ButtPlug... Buttplug... Let's use Mark Zuckerberg. He stole the idea from Facebook from someone else, then he kicked his co-partner (former best friend) who owned 50% of Facebook- out of the company by stiffing him on the company shares. 

Ok, but still let him have Facebook, despite his unethical behaviour. We can accept that. He can get 100% credit for Facebook. 

However, what we can't accept is that Zuckerberg was allowed to do a hostile take over of Instagram his main competitor. That is not a natural monopoly. It is a useless or bribed government that allows competitors to acquire each other, instead of having competition.

So Zuckerberg's wealth should be half of what it is. At least with the natural market forces- that should prevent monopolies or/and price fixing oligopolies from forming through acquisitions. 

This is something that the Biden administration would probably have blocked. 
I am not talking about cancelling billionaires, I am talking about growing the middle class. 

1. Stop monopolies from hostile takeovers. 
2. Prevent oligopolies price fixing and killing competition by limiting mergers. 
3. Make the rich pay the same % income tax as everyone else.
3. Make sure corporations pay the same % of tax as small companies

This is natural economics and fair. Billionaires will still exist, but they won't be as rich. Whereas everyone else will be richer. 

On the point of de-centralisation being the way forward, we at least seem to agree. 

Monopolisation is centralisation or/and authoritarianism. 
Fewer people own more and more of the wealth from whatever form of centralisation. 

The government is meant to stop this, and the government themselves have to be elected every 4-5 years to stop them from becoming authoritarian. 

Biden is a globalist. Globalists want to destroy the USA and create a new global government. The WEF said that traditional governments are obsolete and redundant. This is where we are headed now. The Barks of the world go jumping into the pot because they are told to. 

Biden is a veggie. His handlers might be globalists.

I like what SB writes about centralization  - but I do not think he realizes what really is happening in the world today  - and especially not in the USA.

The rt thing Bden and the Democrats did was to expand the Federal Government Service massively meaning over-centralization of executing being enhanced.   Biden's handles  in fact rules by mandates and red-tape regulations.   

The second issue relates to the hold major capitalists hold over the politicians.    This hold is strengthened through bribery and corruption  of politicians - especially the Democratic Party leadership.    This is a copy of the  Fascist model used in  the 1930's on Germany and in all countries where Communists are in charge at present.   

Another problem  I have with his recent comments and his one now is with decentralization.   The Supreme Court found evidence that the abortion system run by the federal Government based on Federal regulations is undermined by corruption  ad they then ruled that States should pass leislation governing the implementation.   That is perfectly in line with Constitutional Norms - but in his normal way - SB sided with the Democrats and their centralization policies, 

Please explain.