Thursday, September 15, 2022

Is The US About To Go Full Louis XVI?

 Louis XVI is adversely represented here but the point is made. From Zero Hedge:

This is actually a pretty common theme throughout history: governments that are on the ropes routinely resort to plundering the savings of their citizens. Several ancient Roman emperors, in fact, from Diocletian to Valentinian III, famously sent ruthless tax collectors to harass their citizens and steal their wealth. Several ancient Chinese dynasties did the same thing. So did the declining Ottoman Empire. Significantly ramping up tax collection efforts is typically a hallmark of an economy and empire in decline. (Read more.)


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