Within the American Rescue Plan was a piece of legislation requiring Americans to report any transactions they made over $600. The most recent budget negotiation eliminated much of the additional funding for the IRS. The Biden Administration wanted to hire 87,000 new IRS agents and claimed they were solely targeting the rich. Not so coincidentally, […]
The World Economic Forum (WEF) has a firm grip on London. The WEF has warned us that they plan to ban private car ownership to save the world. All it takes is the stroke of a pen for these asinine ideas to become law. London’s Ultra Low Emission Zone (ULEZ) law is not going as […]
https://www.armstrongeconomics.com/wp-content/uploads/2023/07/Every-10-Year-We-Are-Taxed.mp4
The story about what looked like a SWAT team was a swarm of armed IRS Agents that stormed into a business in Florida has gone viral. Many point to this as: See what happens when you give IRS agents lethal power! I think this needs clarification, and everyone knows I am opposed to arming IRS […]
What the hell is the US government doing with our tax dollars? We just heard that the Pentagon managed to misplace $600 billion in funds to Ukraine. They simply have no idea where $600 billion wandered off to and are not investigating. Now, a watchdog group revealed that over $200 billion in COVID-19 relief funds […]
Republicans are working to prevent the central bank from establishing a digital currency (central bank digital currency or CBDC). Ted Cruz (R-Texas), backed by Mike Braun (R-Ind.) and Chuck Grassley (R-Iowa), proposed S. 887: “A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly […]
There once was a time when cash was the undisputed king. Merchants preferred cash payments over credit, and there were often incentives for paying with paper. I recall receiving lower gas prices when paying with cash, for example. It is increasingly common to see “no cash accepted” signs at establishments as the world moves toward […]
COMMENT: Marty, you are 100% spot on about governments only ever being capable of lying and mismanaging money and raising taxes. The Australian Labor party that ran on a mandate to not change superannuation are now proposing to change superannuation. Their plan is the abolish tax benefits for accounts with balances above $3M, using the […]
Back in 2008, a California Socialist activist was gathering signatures in an attempt to impose a state wealth tax on the ballot that would have imposed a new 35% income surtax on top of the Federal income tax. He realized that people would flee the state, so the solution was to impose an exit tax, […]
The US border guards have been illegally searching laptops and phones for anything that might lead to hidden money. A Federal Court in Boston has ruled warrantless searches of the phones and laptops of international travelers violates the Fourth Amendment. It is amazing that you would even have to take them to court to force […]
