Before we go further, this writer asks you McDonald's employees and/or other fast-food employees to pull out your last paycheck (electronic payment statement) and take a look at it. Look at the gross amount and look at the actual amount of your check.
You employer is not stealing the difference from your gross and net paycheck from you. Your employer is being forced into the role of the Sheriff of Nottingham. Your employer is being forced to be a tax collector. In this manner, your government diverts the scorn from taking value your labor produced from government to your employer. Nevertheless your government still gets to take some of the value your labor produced.
Your government knows that if you were forced to write an actual check to the government, you would be far more scrutinizing of where that money went and resentful of the elected officials who took that value from you. And now you have a basic understanding of the types of smoke and mirrors your government uses to take from you a portion of the value your labor produces.
But that is just the tip of the iceberg.
Did you know that when this country was founded, far fewer sources of income were considered income for the purposes of taxation? At the founding of this country, in most instances your wages that you receive for your labors at McDonald's would not have been considered taxable by the federal government.
"None are more hopelessly enslaved than those who falsely believe they are free" -- Johann Wolfgang Von Goethe.
This article is going to show you how people who produce little and/or no value somehow have taken value from all of us who produce value through our labor.
Privately owned Federal Reserve System Bank
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
Our current central bank was established by the Federal Reserve System act of 1913 under Progressive President Woodrow Wilson. The stated purpose for authorizing the current iteration of the central bank known as the Federal Reserve System was to stabilize our economy and monetary system.
How have they done? Stock Market Crash 1929, Great Depression of the 1930s, Stagflation of the 1970s, Real Estate and Stock Market Crash of 2008, 2nd Great Depression of 2008 to 2013 and continuing and growing rolls of persons on food stamps, etc. This writer's assessment is that the FED has sucked at achieving its goal of stabilizing the US economy and monetary system. Even as you read this, Russia and China are pushing proposals to replace the US Dollar as the World Reserve Currency because the FED has so badly mismanaged it. (You need to ask someone else how bad the replacement of the US Dollar as the World Reserve Currency would affect your Standard of Living -- It would take too long and distract from the thrust of this article.)
$25 billion per year