The only fair income tax is a flat tax for everyone. Why should the most successful be punished for their hard work and jobs creation for others with higher tax rates, only to redistribute it to people who don’t want to work?
Prove me wrong if you can.
Fun fact of the day:
If you don't think inflation has been the biggest problem in the world over the last century, you have been miseducated by people who get paid by inflation.
The average person thinks that inflation means goods are getting more expensive over time.
Almost nobody understands that inflation actually means the money is getting more worthless over time.
Regardless if in Germany, UK, France, or the US, the left populists saying “tax the rich” miss 2 points:
1. In Germany the top 10% already pay 56% of all taxes, while the bottom 50% pay only 6%
2. Higher taxes would make them emigrate, taking taxes & jobs with them
Got it now?
🚨 CHINA IS COLLAPSING
China’s real estate just hit its lowest level since 2005.
The index peaked at 114 in 2021 and sits at 86 today.
That is a 25% collapse in four years.
Real estate was 25% of China’s entire GDP and 70% of household wealth was tied to property.
That wealth is being permanently destroyed.
Local governments funded themselves through land sales for decades.
That revenue is gone and local government debt now stands at $18.9 trillion.
Two thirds of new borrowing is being used just to service old debt.
80 million homes are sitting empty with no buyer in sight.
Evergrande collapsed under $300 billion in liabilities and got liquidated.
China Vanke is fighting to avoid the same outcome.
Beijing has officially declared the old model dead: high debt, high leverage, high turnover, buried without a replacement ready.
This is not a housing correction.
This is the largest ongoing wealth destruction event in the world right now and Western markets are not pricing any of it in.
The second order effects haven’t even started.
I’ll make another post later and trust me, you don’t want to miss it. Turn on notifications, this is important.
A lot of people will regret not following me.
This chart helps explain why the German economy is falling apart. Instead of starting small businesses, Germans prefer to "work" for the government.
A nation cannot stay prosperous with such a mindset. Only entrepreneurialism and free markets create prosperity, not the state.