Ken Nelson

Back of the envelope calculations show that most middle class and upper middle class people are actually working and losing money.

I’ll do the math for my situation (upper brackets):

$1 comes in

15% goes to FICA. I will never see it again.

39% goes to Federal tax. That is likely to rise.

10% goes to State tax. Likely to rise.

3% goes to property tax. Likely to rise.

1% goes to vehicle registration and other driving related fees.

8% of most expenditures goes as sales tax.

The list goes on, but let’s stop there, just for simplicity. The loss is:

15 + 39 + 10 +_3 +1 +8 or 76%

Now, factor in that the government has printed $12 trillion dollars in the last 3 months, devaluing that $1 by at least 30% long term.

76% + 30%

106%

And I left out a LOT of other government money sinks.

And they aren’t done printing money.

We are all losing money FAST right now.