The Strife Of Patriotic American Tax Payer
The challenge of affording taxes is becoming increasingly difficult for many individuals universally, as more and more individuals struggle paycheck to paycheck. The rising cost of living, coupled with stagnant wages, has left many people financially strained. This is leaving people struggling with the difficult question of whether they should prioritize their debts in order to prevent evictions, car repossessions, or fulfill their patriotic duty to continue to pay taxes.
Many individuals are losing or on the precipice of losing their jobs despite the soft landing created by Federal Reserve policies following the 2020 lockdowns. Despite not being in a recession, and the economy doing completely fine, individuals are feeling the burden of a missing McDonalds Dollar Menu, the disappearance of the $5 Footlong at Subway, and higher interest rates.
Lewis McPhereson, a Boston bar tender, chose delinquency on his car payment in order to be able to afford his tax bill. "It's my patriotic duty to pay taxes in order to fund my government. If you don't like it here, and don't want to pay taxes, then move. I'm taking the bus to work, and changing my eating habits in order to be able to afford my patriotic duties. I encourage politicians to tax my tips because I want to fund freedom as much as possible. The pain I feel now is for the greater good," McPhereson told the Bugle.
The consequences of struggling to pay taxes are significant. Individuals may have to dip into savings, borrow money, or even go into debt to meet their tax obligations. This can lead to a cycle of financial instability, where people are constantly trying to catch up but never getting ahead. Fortunately, the US Federal government and local state governments are increasingly becoming more effective and efficient with the ways they spend your tax dollars.
Some radical individuals are not happy with the current situation and are protesting having to pay taxes, and the way their taxes are spent. Individuals like Larken Rose are suggesting that taxation is extortion, forgetting that the people of America have consented and voted for every single dollar that is taken from them and spent on the public good.
While many Americans are struggling with their patriotic tax obligations, a new grass roots movement has begun. Individuals are suggesting that instead of taking on more debt, or cutting expenses in order to afford their tax obligations, they can buy and save in Bitcoin in order to afford them. Notable visionary, and champion of Crypto for Harris, Dennis Porter has pointed out that when people compliantly save in Bitcoin, the price appreciation allows for individuals to be able to afford their taxes.
Many are wondering if Bitcoin is the only strategy available for people to be able to uphold their obligations to funding the government. This strategy is looking difficult and uncertain due to many politicians suggesting more taxes on unrealized gains, essentially nullifying Bitcoin's price appreciation. As many middle class Americans choose to change their purchasing behavior in order to be able to afford their taxes, this also poses a greater threat to the American economy which is highly reliant on consistent consumer spending.
Many are feeling trapped in their circumstances, choosing harassment from debt collectors over harassment from the tax man. The plight of the American tax payer is real, but what is being displayed during this difficult time where the economy is still fine, is that individual's sense of patriotism and loyalty is still strong.
