That’s right. If you work your whole life to do the right thing, pay your bills, manage your debt, build and maintain excellent credit… you’ll be paying more so those who haven’t done what you have can pay less.
This kind of sounds like our taxation system. The more risk you take, the more you build, the harder you work, the more you earn – the more you’re taxed.
A new federal rule enforced by the Biden administration will make it so that people looking to buy a home with a credit score of 680 or higher will have to pay about $40 per month more than people with worse credit when taking out a home loan of $400,000.
Maybe $40 doesn’t sound like much to you, but this is an effort to equalize the middle class. $40 X millions of mortgages = A LOT of money!
Anyone who’s been able to achieve that “upper middle class” status, is taxed so heavily that they’re brought down and suppressed.
Meanwhile the lower middle class rises up at the expense and efforts of the upper middle class through policies just like this one.
I’ve never understood why someone who takes greater risks suffers greater consequences.
At the same time, those taking little to no risks reap the security and benefits of their counterpart.
This all comes down to “social equality”, the government doesn’t want a tiered middle class society, they consider that “racist”. I call it bullshit!
They want it to be the ultra elite which consists of the wealthiest businesses, individuals and politicians . . . and the rest of us who serve them.
It’s about control, it’s about suppression, they call it “financial equality”.
While I don’t believe that this country’s founding fathers wanted it to be, that’s what it’s become.
And, it’s not something new. It’s been like this since the American Revolution. There were a handful of the wealthiest who ran the show.
They owned the energy, railroad and infrastructure. It’s not different today, this country is owned and operated by a select few, financed by China.
Once China and OPEC+ agree upon transacting in currency outside of the US Dollar, our currency is going to collapse.
Almost overnight, the inflation will accelerate so high that we won’t be able to afford our basic needs. We’ll turn into Venezuela!
Why do you think the elite few like Bill Gates are buying up our midwest farmland? Why do you think China now owns Brazil’s natural resources?
I pray for our great nation everyday, the path we’re on is not a good one. Redistributing the upper middle class’s wealth is only a tiny piece of the pie!
If you’re ready to put your uncertainty aside and focus on controlling your own wealth and financial well-being, perhaps working together could be a great fit for both you and me.