Hello, and welcome to another episode of The Markmas Show, where, of course each end, every week we come and we talk about the decentralized revolution, the way the world is changing right now, right before our very eyes. We're living through a period that will be discussed in history books for millennia to come. UM. It is that groundbreaking um, much like we talk about the Protestant Reformation in the fift hundreds, or the American Revolution in the seventeen hundreds, UM,
or the collapse of the Roman empirement. I mean, it's that big what we're witnessing as the world, as the pendulum swings from centralization to decentralization, and we look at through the lens of politics, finance, and technology, those three pieces. Of course, technology is the big disruptor that changes history as we go back and look through it. And at the time when we're going from a centralized world to
a decentralized world, revolution and force. We have the technology that decentralized technology, that is bitcoin, that is changing the world. But of course we look at it through the lens of those three things, politics, finance, and technology. Those are the revolutions that are happening and changing right before our very eyes, right under our very feet. Um, it's happening faster than we can even keep tracking. I make content almost every single day, and I can't keep up with
how fast things are going. And of course I try to bring to you some of the latest breaking news, some of some education to help you see the world a little bit different, and of course some very interesting guests. You don't have to listen to me, in my opinion, all the time. But today I want to talk about something that happened this week. Monumental, that's what it was called. It was called monumental. It may be the biggest thing
that's ever happened. Apparently that's what well, that's what we're led to believe. It's politics, and it's finance, and of course it changed the world. And what I'm talking about today is this uh, brand new bill that was put forward um this week. It was signed. Everybody got together and clapped while the President looked like he didn't know where he was at. Um and Uh, this monumental bill
that's called the Inflation Reduction Act. Now, it's monumentous, monumental, it's so big, it's it's a resurrected plan that's come back from the dead, and it was originally put forth in a plan called build back better. Uh, you've probably heard that term hundred or a thousand or even a million times. It's not just in America and President Biden using that term build back better. As a matter of fact, I'm sure you've probably seen. If you haven't, you can
go find it the month. Is it a montage, I guess, like a collection of all the video clips of every single leader, every single like mainstream media newsperson using that same verbiage. So I don't I don't care if you're Angela Merkel in Germany or Justins Row in Canada, or klop Schwad from the Worldlet Forum or Joe Biden, everyone's using the same terminology called build back better, build back better, build back better, build back better. Well, think about that,
what does that even mean? Build back? So building back would mean that we have to build back something that was previously there, something that maybe was destroyed or broken down or torn down, and so because it was there and it's no longer there because it was destroyed or whatever, and then we have to build it back, but this time we're gonna do it better. Apparently that's what they have is believe. So it's pretty interesting to think about
it if you actually just break down, break that down. Now, why is the whole world, every single leader, every single mainstream leader calling using the same terminology build back better? And what is it that they're tearing down in order to build back? Well, of course that's the society is, that's the world as you know it. Of course, that's what it is, you know, the great reset. So apparently, um, you know this world that we live in, the life that we have, Um, the American dream that we've had,
the American experiment has been called capitalism. That's brought more people out of poverty than the other thing in the history of the whole world. Apparently that's no good. Apparently it was never good because it was always built on a systemic racism, I guess or something like that. Apparently, So, um, never mind all the progress that we've had. Three years ago, we're all living in the dirt, and today we have medicine and we have science, and we have spaceships and
we have satellites and we have all this amazing technology. Life. Life has never been better. Um, but it's no good. Let's just tear it all down. Let's reset it, great reset and then we'll build it back. Well, I'm not for that. As a matter of fact, I think things are pretty good. Obviously, I'm not happy with the direction things are going. There's plenty of bad things going on in the world, and I point to many of those things.
Not because I'm a doing gloomer, but I'm hoping that we can wake up, wake up the sleeping lines, i'd like to say, and we can turn the tide before it's too late. Anyway, the build back Better plan that Biden put forward, I think it was like a one point seven If I'm not mistaken, I have it written down here in my notes. Somebody at one point seven five trillion dollar plan to build back better is what they called it. One point seven five trillion dollars that
they wanted to spend. Now, the House passed it, but then it was shot down in the Senate. So half of the one part of that of the government put it through. UM. The House passed it and then it was declared dead. Now this was last November. UM November where the House passed it UM and it was one point seven trying one seven five trillion, which is an
insane amount of money. To put that into perspective, in two thousand and eight, during the Great the Global financial Crash, when the entire world melted down, the entire financial system came crumbling down. It took seven hundred million tarp funds to bail it out, which at that time was insane. It was mind blow and I remember living through that and going, no, they can't spend that much money seven today,
that's a walk in the park. They were trying to push through one point seven five on top of the other multiple trillion dollar package they had put forward. That led us to the point that right today, So anyway, build back Better got killed. UM, didn't pass, and so they resurrected it from the dead, and this time they've called it something better. UM. They call it the Inflation Reduction Act. Because everybody is affected by inflation. It's hurting
all these families across hard working American families. It's hurting them and they can't afford the gas and they can't afford the food. This inflation, it's so bad. As a matter of fact, it's our number one concern, It's Biden's number one concerns, the Federal reserved number one concern. We
have to crush inflation no matter what. So let's just name a bill the Inflation Reduction Act, and everybody's going to vote for it, right, I mean, what kind of what kind of monster would the politician be to vote against a bill called Inflation Reduction Act when inflation is the number one problem that everyone's concerned about. What kind of monster would against that? Billy? See how they do that?
See how they play that? Now, nobody wanted to build back better because of what I said it, Well, that means that you're tearing down the system that we have. We don't want that. Nobody wants that. I mean maybe some people do, but most people don't. But when you name it something like Save the Puppies Act, I mean, who can vote for that? Vote against that? Nobody could? Who could vote against reducing inflation? Everybody wants to reduce inflation.
The games they play and how easily we are tricked. Well, not you and not me, we see through it. But unfortunately most people are tricked and they don't see this coming. So big news this week, like I said, Biden signs the Inflation Reduction Act into law, and there's a lot of other things that went into law as part of that.
I'm gonna break some of that down, and then I'm gonna break down what what this really means to you and I and what are the actual tactical things that are going to change in your life, Because I'm gonna tell you right now, they are coming for you, whoever you are, and I'm gonna break that down. I'm gonna break it down for you. I'm gonna break down what income category is gonna be affected most by this. So
we got lots to cover, all right. So, like I said this week, there's a video of Biden sitting at a desk and you got Mansion and Schumer and uh, you know, all these people standing around him watching him sign and uh he picks up the pen and if this wasn't audio only, I'd love to show you the video. But he signs this thing and then everyone's like applauding, and he's like looking around like he's like, where am I. It's pretty it's pretty sad. It's kind of like elder abuse.
In my opinion, I could almost I can almost understand. I can understand maybe at the time people still thought he was okay and they voted for him. I get that. I could understand that, but at the point we're at today, I mean, how do they think that anybody could stand behind that? Is just mind and anyway, you listen to
the Markma Show. We're talking about the decentralized revolution. We're talking about the way the world is changing right before our very eyes through the lens of politics, finance, and technology. Today we're talking about both of those, politics and finance, the intersection of those, and we're talking about something that is monumental and it's going to change the world. This is one of the big catalysts that will move us
forward into this decentralized revolution UM catapulting us. I want to break this down what it means for you, um specifically, what it means for you, what you need to be aware of. So I'll be back with that and more in a minute. Don't go away. You're listening to the Mark Moa Show. I'll be back. Don't go away, all right, welcome back. You are listening to the Mark Ma Show.
We're talking about each and every week, of course, the decentralized revolution, the way the world is changing right before our very eyes as we look at it through the lens of politics, finance and technology. Of course, that technology we're talking about is bitcoin, which is a decentralized technology giving us exactly what we need at the time as the world is going from centralization to decentralization. We have a decentralized technology that's the catalyst for a lot of
this aimes that we're seeing today. So it all funnels back or points back to that. But today we're talking about specifically, um, this new bill that got signed into law this week. Um. I believe that was on August seventeenth, the August six And this bill was originally titled the Build Back Better Bill, and of course nobody wanted that.
They killed it, but they brought it back with a better name, Inflation Production Act, And who in their right mind could vote against that, And of course it got passed, now barely, it barely got passed. We'll talk about that in a second. Now, this bill, like I said, was originally at one point seven five trillion dollar bill, but now it's got marked down and it's much less. As a matter of fact, it's only a mere fraction of that today. But with this law, the American people won
and the special special interests lost. Biden said, Really, the American people one and special interests loss. Who are those special interests that lost? I'd like to know that, and who are the American people that want I would like to also know that as well. I'm gonna break it down and you tell me which side you're on. I'd love to have you tell me that. If you follow me on social media, you can find me at one Mark moss that's just the number one, at number one,
Mark moss Um. Let me know that you're listening to me, and which side do you follow on this? Did you win or did you lose? Did the American people win or did the special interests lose? All? Right? So the new law includes a three hundred and sixty nine billion dollar investment in climate and energy policies. Now I've talked
about before. I don't have it in front of me, but when you know, all these surveys and polls are being done all the time, and on one of the biggest surveys and polls that was done recently, they asked Americans, what are the number one concerns that you have right now? Climate came in at less than one percent of people's concerns. Now, what they were concerned with is they can't afford gas
for their car, stake for their plates. They were concerned about their future, they were concerned about you know, nuclear war, all these things. But climate was like less than one percent, which is of course why they didn't name this like the Climate Change Act. Nobody would have voted for that. They named the Inflation Production Act, which is the number one concern that people have. But none of this goes
for that. It goes to investment in climate and energy policies. Wait, so you took the number one concern that we have in the surveys, but then you take all the money and you put it in do the less than one percent concerned that people have. That seems like a bait and switch to me, it actually sounds like a scam. Now. I don't like to use the word scam. It gets thrown around a lot today. Words start to lose their meanings when you don't use them in the right way.
A scam is when I I've bought something, or I've agreed to something, and you give me something different than what I've agreed to. If I bought an apple from you, but instead you gave me a grape, you scammed me. Okay, when I bought into reducing inflation, which was my main concern. But what you gave me was climate and energy, which I could care nothing about. You scammed me. Okay, I'm just gonna call it straight up. That's what it is.
You scammed me sixty four billion to extend a policy under the Affordable Care Act to reduce health insurance costs. That's another great one. Affordable Care Act, Isn't that great? Used to be called Obamacare Affordable Care Act. Since since the Affordable Care Act went into place, my health insurance costs went up, they became less affordable. To see how
that works, It's always the opposite. I'd love to hear about your experience, but in my experience, for my very young, healthy family of four, we spend a lot of money and time and effort on our health. We eat real food, not processed garbage and sludge. We spend time exercising, We spend our time and effort listening to podcasts and experts to be even more healthy, and all these things that
we can do. We're young, we're healthy. We spend money doing that, and my insurance for my family of four went from a few hundred dollars a month to over seventeen hundred dollars per month for my family at four that's after tax dollars. I'll have you. So the Affordable Care Act and SURE didn't make it more affordable for me, that's for sure. But anyway, UM, so apart sixty four billion to extend a policy under that to reduce health
insurance costs, not reduce my health insurance costs. I'll pay more, so a few of you could pay less. That's how that works. UM. And a fifteen percent corporate minimum tax aimed at companies that earn more than one billion dollars a year. That's great, Hey, they should pay their fair share, right, nobody's going to vote against that. That sounds great. The four hundred and thirty seven billion dollars spending packages expected to raise seven hundred thirty seven billion in avenue over
the next decade. So it went from a one point seven trillion dollar bill to a four hundred and thirty seven billion dollar package. So that's uh, you know for a UM Now, I love how I say the foot seven dollar, four and thirty seven billion dollar bill will raise seven hundred and thirty seven billion back. So it's an investment, right, It's an investment. We should put it as an investment memorandum. We're gonna talk about that in
a minute. Um, the biggest share coming from reductions in drug prices for Medicare recipients and tax hikes on corporations, So that sounds good. Roughly a hundred and four billion is expected to come from increased I R S enforcement. We're gonna talk about that. So, Um, they're going to increase I R S enforcement on you. You spend six hundred bucks on Venmo up, we better shine a flashlight
up your butt. We better see what happened with that money, because somehow you probably didn't pay tax, and so we need to get that money. So we're gonna spend a hund billion. Now of that h billion, of course, they want to hire eighty seven thousand agents, and to spend that um to hire those agents, they want to spend eighty billion. So they believe that if they take eighty billion of this package and give to the I R S, they'll bring back a billion. Probably not. We're gonna talk
about that in a minute. Let's dig into this a little bit here. First of all, I'll have you know that the bill narrowly passed the U. S. Senate. Remember the old one died, Build back better died. So they brought it back and it narrowly passed. It was a fifte vote, it won by one vote, and of course the tie breaker was Vice President Kamala of course um, and gave him the win. One thing that I would think about now, of course, the United States is a republic.
I'm not a democracy. But in a democracy, it should be what the people want. Now, if if you have to ram rod this through and you can just barely get somebody on your own side to cast the tie breaker, is that really what the American people want? Is it really? I would think they have to win by a bigger margin that doesn't seem right, does it? But let's be clear. It says quote in this historic moment, Democrats sided with the American people. That's what they said. That's what Biden said. Um,
did they side with the American people? Is this what American people want? Let's kind of dig into this a little bit for a second. Now, First of all, they call this an investment. Is that true? Um? I want to look at the investment, and then I want to look at the mansion and what it Finally, what he said behind a closed doors after this is over, and you're not going to believe what he said. He said basically that what we said it's named isn't actually what's
gonna happen. He said that I'm gonna talk about that. We're gonna talk about Bill Gates, where does Bill Gates fit into all this? And then we're gonna fact check some of this. All right, and I'm gonna tell you what's coming for you. I gotta lot to cover when I come back. You're listening to the Mark mo Show. Of course, we're talking about the decentralized revolution, the way the world is changing, um through the lens of politics, finance,
and technology, and of course the technology being bitcoined. I'm gonna come back. I'm with a whole lot more on this in a minute. Do not go away. I'll be
right back. All right, Welcome back. You are listening to the Mark Ma Show, and we're talking about, of course, each and every week, the decentralized revolution, meaning the way the world is changing as the pendulum shifts from centralization to decentralization, and we look at it through the lens of politics, finance, and technology, and of course today we're talking about the intersection of two of those, politics and finance.
And we're talking about this new bill, this monumental bill that got signed, the Inflation Reduction Act, that will do none of that. It won't reduce inflation at all. And don't just take my word for it. As a matter of fact, the holdout that killed the original bill to build back better bill we're talking about Mansion. He finally admits inflation bill will not help Americans with low prices?
Why would it? Why would it? Senator Joe Mansion, Democrat from West Virginia, admitted Tuesday the so called Inflation Reduction Act will not have an immediate impact on inflation. He admits it. News correspondent Hillary Vaughan asked Mansion on Tuesday whether Democrats misled Americans by claiming the bill woard reduce inflation and thus lower the price of everyday goods. Mansion said, quote, why would it? Oh, you can't make this stuff up.
His response was, quote, why would it? Well, because it's in the name, because it's literally named the Inflation Reduction Act. Oh my gosh, you can't make this stuff up. Um, he said, well, immediately, it's not. We've never said that We've never said anything would happen immediately. It's not going to turn a switch on and off. He went to say that that the proper way to respond to an inflation crisis is not by raising interest rates. Okay, so
we have this inflation crisis. Everybody's attacking it, and the president's attacking it, the putin and price Supposedly, we have the Federal Reserve attacking it. The federalserves attacking it by doing what raising interest rates. They're raising interest rates to crush demand. If they can crash your retirement account, if they can crash your home's value, if they can make you feel broke, then you don't go on vacation, you don't go after dinner, you don't buy new cars. They
crush the demand, that's what they're doing. So he says, the proper way to respond to inflation crosses is not by raising interest rates. It's not by crushing demand. We like. So, so the problem is people can't afford these things. So the way we're gonna fix it is by taking away all their money so they don't go buy them. That doesn't make any sense. Well, it doesn't make sense to you and I, because we're rational and we think like
normal people. But when you know you're when the whole when all you have the hammer, the whole word looks gonnail. And when you're essential banker and all you have is uh, interest rates, I guess the whole world looks like you need to raise interest rates. He says that you He says, it's not by raising rates. You've got to produce yourself out of this. Ah wow, mansion. He gets it, he gets it. You don't. You don't get your way out of inflation by taking away everybody's wealth. You do it
by producing yourself out of this. So they're supply and demand. If the price of gas or steak is too high, there's two ways to get that price adjusted supply and demand. You can either one crushed demand, which is what the Feds doing, make everybody poor. Or two you could increase the supply. Just create more gas, just create more steak, and the price comes down. That's what he's saying. You've got to produce your way out of this. Mansion said quote.
If you think that you're going to wait on the federal reserve to raise rates to discourage you from buying anything, and that's going to take care of our inflation. That's not how you take care of inflation. End quote mhm. Of course economists disagreed. Um uh. Famed economist Noriel Robini, no big fan of mine or I'm no fan of his, called for the Reserve to take even more aggressive action, raise rates even more. We've got to raise them of
five percent. Inflations getting out of control. We need to make people broke. You don't understand. If they're not broke, they're going to keep buying things. Oh yeah, Or we could just produce more Um, all right, okay. Nonpartisan analysis study the Inflation Production Act, which is a paired down version of the bill back better. We've discussed that and they said that impact inflation will be negligible, if at all. Quote in calendar year in acting, the bill would have
have no effect on inflation in the CBO's assessment. Who the heck is this CBO. Oh that's the congress Sational Budget Office. Oh yeah, that's the government. So in the government's own assessment, it's kinda gonna have any effect. The pen Wharton budget model reached the same conclusion. The Act would have no meaningful effect on inflation in the near term, but would reduce inflation by around zero point one percent.
It could adjust it by zero point one percent maybe by the middle of the first decade, so in the in five years, maybe we'll get a zero percent reduction. I mean, are they splitting hairs that that's a statistically no different than zero? Okay, zero point one like whatever? I mean these guys, But let's take into this a
little bit more for a second. Okay, Um, this happened, it's happening, Okay, So what what's interesting is that there's so few reporters that want to mention that this Inflation Reduction Act is an actual fraud, right, A fraud, a scam. When I've signed up for something, I've agreed to buy something but delivered me something else than I But I signed on to reduce inflation, but you're not reduced in inflation, that's a fraud. Why are no reporters asking that question?
Instead they stand around clapping, clapping, another milestone, another milestone, like a bunch of seals barking. Something happened, right, It was transformational, it was monumental, there was game changing. That's what they told us. Let's hear. Let's hear from there were from their own mouths. Here's CNN. CNN says, as the bill came closer to being signed in the law, more media outlets begin referring to it as a quote Climate and Health Bill instead, citing that nearly three billion
of the four hunder billion UM going towards investments. Wait, wait, wait, going towards investments in energy security and climate change. That's person in that's their words. So outlets stopped referring to it as Inflation Production Act and started referring to it as Climate and Health Bill because it's an invest sment in energy security and climate change. Okay, And then that's the scene. And here's New York Times again talking about
the investment angles. New York Times says, the bill, signed into law by President Biden on Tuesday, makes three nine billion in a climate and energy investments, by far, the larger such investment in American history. So they are telling you right now, you got scammed. You signed up the American people. Apparently that's what Biden said. American people wanted to stand up to reduce inflation Inflation Production Act, but instead they got sold a different bill of goods than
they hoped for. And that's an investment into climate energy investments, which again, per the survey, less than one percent of people care about that. Now, calling it an an investment is also a lie. So okay, so it's an investment. Okay, So they the media told us that, So we didn't really get scammed. They told us of an investment. That's
what we got. Well, that's a lie too. If you were a stock promoter, you would go to jail ale for making the claims that they've made if the sec you know, obviously had any teeth and there on the case. An investment is something that person makes willingly in the hope of a gain. The Investment Reduction Inflation Reduction Act we're called ira A from here on out because it's too many words for me to say. Inflationment and Reduction
Act IRA is nothing like an investment. It takes money from at least a hundred and fifty million unwilling citizens. Remember it was so we can assume at least half the people didn't want it. Um, So it takes money from half of people that are unwilling. They don't want this, They would never put up the money for this, even if they had the choice. And then it dumps it into an assortment of giveaways and uh flim flams and
scams and uh pork we call it. If it were such a good investment, why do the Feds have to force people to make it? That's a good question, isn't it? And in America per SEC guidelines, we have laws about raising investment funds. Seeking capital. Investment is a very heavy regulated activity. The SEC requires promoters be very careful about what they say and to close anything and everything that might be relevant, particularly risk factors. Uh, we're gonna have
fun with us. I'm gonna dig into this a little bit more, and then we're gonna talk about what, like I said, Bill Gates involvement in this. You won't be You're gonna be surprised. We'll talk about the fact checks and what the IRUs is really coming after and hint, it's you. I got a whole lot more to cover when I come back. You're listening to the Markma Show. We're talking about the decentralized Revolution. Today we're talking about this false inflation production Act. I got more to go over,
So don't go away. I'll be right back. All right, Welcome back. You're listening to the Markma Show. We're talking about each and every week. The decentralized revolution, the way the world is changing right before our very eyes, from a centralized world to a decentralized world. We look at
it through the lens of politics, finance, and technology. Of course, technology is the change the catahs that that brings change in throughout history in and that that technology we have today is this decentralized technology right when the world needs it. And we're talking about bitcoin, of course, but today we're looking at politics and finance together. We're talking about this inflation reduction actor called the ire A for short, and um,
we got scammed. Mansion himself says it will not reduce inflation. The CBO, the Congressional Budget Office, that it won't reduce inflation. So they sold us something that this is this is a scam. It's not going to reduce inflation as a matter of fact. Um, as I told you, CNN and uh New York Times called it an investment. It's actually not uh, it's not doing that. It's actually most of the money, um I haven't added up percent of the money isn't going to reduce inflation as a matter of fact.
That it's an investment into energy and climate change. But but we did. But we we thought it was for reducing inflation. It's a scam all right. Now we're talking about the making the case for the inflation at all. Now. Um, Like I said, if if, if, if, if they were literally trying to raise money in this way, people would be going to jail over this, because you can't write
investments require lots of disclaimers. They require, um, not only not only truth in the offering, but disclaimers in the risks as well as proposed time frames of returns on investments and things like that. Of course, this does none of that. Now, as I said, there's some some interesting pieces too, because the holdout that really killed the original bill,
which is the Bill Black Better Bill. Um. Then I got revisited or revived here under the Inflation Reduction Act the i RA UM, and we talked about how Senator Mansion has been the holdout here. And what was interesting I saw this week is that surprise, surprise, surprise, Bill Gates pops his head up again. Bill Gates, the do gooder that nobody wants his help. Look, we don't want your help. Bill, stay home, help yourself, help your friends, help your family, help people that want it. We don't
need you in every area of the life. Nobody made you the king of the world. You don't need to tell us what kind of fake meat we should eat and what kind of substance we should inject into our body. We don't need you to tell us what politicians we have in office, or that we need to darken the sky, and we don't need you to Ramrod to build through. That's a false bill of goods and a scam that was got pushed on the public. But don't let that go by, because Bill Gates is gonna do it anyway.
It was Bill Gates who personally lobbied Mansion in a stealth campaign for climate change. Say it again. Bill Gates personally lobbied Mansion in a stealth campaign. Microsoft founder Bill Gates personally lobbied Senator Joe Mansion for months in support of the progressive climate and energy legislation that eventually passed. Gates campaign, as well as maneuvering from environmental renewable energy lobbyists, eventually helped the two senators reach a deal and passed
the Inflation Reduction Act. Wait a minute again, I'll go back to it again. So Gates um let he lobbied him on progressive climate inergy legislation. Um, and then he had to get help from environmental and renewable energy lobbyists to pass the inflation Reduction Act. You just can't make
this stuff up. Um. Gates wasn't the only one trying to soften Mansion, and the campaign included a cohort of lobbyists and activists who eventually convinced him that the climate tax and healthcare bill that eventually passed would benefit the economy. So the Climate and Tax and Healthcare bill that passed, Wait, I thought it was an inflation reduction act. Dang it, he lied to me again. To see how dirty this is.
So let's let's dig into the facts about this. So per Heritage dot org, they fact checked Team Biden on on this and specifically, how is it going to reduce inflation? Well, they plan to take eighty billion dollars of that money and hire eighty seven thousand new IRS agents who are going to come after you. Now, Biden said, He said, of his own words, that if you make over four hundred make under four hundred thousand dollars, your taxes aren't going up. If you make under four hundred thous dollars.
You're not our target. We want to go target those rich people. You know, those those greedy rich people who got rich by stealing from you. They're they're evil and we need to go get their money. They got to pay their fair share, right. Um, But that's not the case. It says here the Biden administration has promised not to raise taxes on anyone making under four hundred thousand dollars
a year. As a matter of fact, Treasury Secretary Janet Yellen sent a letter Wednesday to IRIS Commissioner Charles Retig that includes this statement, quote, I direct any additional resources, including any new personnel or auditors that are hired, shall not be used to increase the share of small businesses or households below the four thousand dollar threshold that are audited. Okay, So that's what she says, uh. And then um rating from the I R S. He sent a letter to
U S senators declaring the same objective. He says, quote, these resources are absolutely not about increasing audit scrutiny on small businesses or middle income Americans. Okay. And they wanted to put a provision in the bill that said we will not audit or increase audits on people making less than four thousand. But all the Democrats that sided on this bill, they shot that down. Nope, we're not gonna
shoot that down. But wait a minute. You said you're not gonna try to and go after the people making less than four thousand. That came out of Biden's own mouth. Uh. And and and even Janet Yelling in the head of
the IRS both said that they want that. Oh never mind, it says, considering the share magnitude of eighty seven thousand new IRIS agents and an estimated two hundred billion in new revenues from enforcement, is it possible for all those new audits and revenues to involve only taxpayers making over four hundred thousand dollars. Well, let's do the math. We have a fairytale land that Biden and his team running, and then we have the real world, like you know,
math facts, right, constraints. So if we if we return the two thousand ten audit rates for all individuals making over four grand um, that would generate only twenty percent, or nine billion, of the estimated thirty five billion in new I I R S enforcement revenues. Okay, so that's not enough. Even increasing recent audit rates thirty fold for taxpayers making over four hundred thousand, including a one hundred percent audit rate on taxpayers within comes over ten million,
still would come short of the goal. Okay, so if we so, it looks like we can't get it. Um Note this assumes a increase in the number of tax filers making over four hundred thousand dollars betty based on annual growth rates between So they're saying there's just no way for it to happen auditing. What about this? Auditing every single taxpayer with annual income over one million would require only twenty five thousand new agents. So why are
they hiring eighty seven thousand new agents? You see, there's like math here, something like math. It doesn't add up the true intent of the i R s. According to a two thoe report from the government's Accountability Office, quote from fiscal years two thousand ten to two thousand twenty one, the majority of the additional taxes i RS recommended from
audits came from taxpayers with incomes below two thousand. So wait a minute, the majority of the money that we picked up comes from the taxpayers below two That's who we have to go oh after that recommendation is based on audits of lower income tax returns producing more bang for the buck end quote hm hmm. So wait, if the money we get is from the low income people, audits of the lowest income taxpayers UM give us the highest additional tax per audit hour compared to all income groups.
Hired higher rates of return from auditing low income households alongside the average large corporate tax files of nearly six thousand pages. Says that our current tax code is far too complex. That's the reality here, so hopefully that makes sense. One, the inflation reduction actually is not going to reduce inflation. Mansion said it himself. He said, why would it? Two mainstream media stopped even saying that it was gonna do that, and they said instead it was it was an investment
into climate and health, which nobody asked for. UM. As a matter of fact, it's less than one percent of people's concerns, So we were scammed on top of it. UM, calling an investment is also a scam, and legally that would wind up in jail if you're really had of real investment, because you can't throw that type of words around.
We also see Bill Gates is behind this, lobbying it and the fact checked shows that they are coming after you if you make less than two thousand and unless you make the more of a target you are because you have more to get. Anyway, you're listening to the Markmas Show. We're talking about the decentralized revolution, the way the world is changing right before of our eyes, and that's what I got here today. Thanks for listening.