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The History of taxes and the power of corporations

The reality is that the rich are not taxed. It's the middle class, especially the educated upper-income middle class, who pays for the poor.

Every time people try to punish the rich, the rich don't simply comply. They react. They have the money,power, and intent to change things.

If you work for money, you give the power to your employer. If money works for you, you keep the power and control it.

Knowledge is power. And with money comes great power that requires the right knowledge to keep it and make it multiply without that knowledge, the world pushes you around.

"Be smart and you won't be pushed around as much."
"If you know you're right, you're not afraid of fighting back."

Each dollar in my asset column was a great employee, working harad to make more employees and buy the boss a new porsche.

Financial IQ is made up of knowledge from four broad areas of expertise:
1.Accounting is financial literacy or the ability to read numbers. Financial literacy is the ability to read and understand financial statements which allows you to identify the strengths and weaknesses of any business.

2.Investing - This involves strategies and formulas that use the creative right-brain side.

3.Understanding markets is the science of supply and demand. You need to know the technical aspects of the market which are emotion - driven, in addition to the fundamental or economic aspects of an investment.

4.The law - A person who understands the tax advantages and protections provided by a corporation can get rich so much faster than someone who is an employee or a small business sole proprietor.

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