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originally posted by: Asktheanimals
Time for a monetary reset. Make currency worthless. There is no other way short of violent revolution.
originally posted by: pexx421
Now all this money goes directly into the pockets of the top 1%, is added to the massively growing national debt. That top 1% also gets almost all of their annual money from capital gains. What this means is that the money must be paid back in income taxes. The bottom 99% pays 87% of the income taxes, while the majority of the top 1% income is taxed at a much lower rate. This means that effectively the top 1% was given 18.5 trillion dollars that the bottom 99% will largely have to pay back. Of course this will never be paid off, so essentially the working class is being doomed to a declining standard of living just so the wealthy elite could get more money.