Whether or not you know it, wealth taxes are coming to the US.
The media is largely silent on this topic, but the moves are already being made on a state level.
New York is one of the wealthiest, most progressive states in the US. As such, what happens there is often a blueprint for what the Elites want to implement nationwide. We saw this recently with police reform bills.
With that in mind, consider that New York’s state government is considering the following options:
1) A billionaire’s tax.
2) A multi-millionaire’s tax.
3) A tax on stock buybacks.
4) A tax on luxury second and third homes.
As is usually the case, the elites are targeting a particular sliver or society (in this case the “super wealthy”) in order to introduce legislation that would never be accepted otherwise.
After all, if policy makers were to openly call for a 10% tax on NET WEALTH for EVERYONE, no one would go along with it.
But that’s precisely what they want to do. The IMF has already called for nations around the world to introduce a wealth tax of 10% on NET WEALTH as soon as possible.
To shore up sovereign balance sheets (reduce debt levels).
The Elites will introduce these ideas as new proposals based on “fairness” or “helping America out” but the reality is that the Powers That Be have been working on this for well nearly a decade.
Did you know that in 2011, the US passed legislation that would allow regulators to:
1) Freeze bank accounts and use them to “bail-in” financial institutions/ banks.
2) Close the “gates” on investment funds/ money market funds to stop you from getting your money out.
3) Impose wealth taxes and seize unused assets.
If you think that’s bad, consider that the Fed plans to both seize and STEAL savings during the next crisis/ recession.
If you think this sounds like a “conspiracy theory” we’ve actually uncovered a secret document outlining exactly how the elites plan to do this. It was written by a man who has served as an advisor to THREE separate central banks.
We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed’s sinister plan in our Special Report The Great Global Wealth Grab.
We are making just 100 copies available for FREE the general public.
As I write this there are 7 remaining.
Receive a daily recap featuring a curated list of must-read stories.
You can pick up a FREE copy at:
Graham Summers, Chief Market Strategist, Phoenix Capital Research