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#1399 Polina & Anthony Pompliano | Bitcoin Will Go Up, Interest Rate Cuts & Taxing Unrealized Gains
The Pomp Podcast
Taxation: A Fluctuating Burden
The effectiveness of tax revenue in addressing government funding is limited, potentially covering only a brief period. Initially, federal income tax targeted only 1 to 3% of Americans at a minimal rate, raising questions about its expanding scope and current implications. Over time, the tax base has broadened to include over 50% of Americans, with rates soaring above 50% for some, revealing a significant shift in the tax system's impact on the general population and its original intent.
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