During the Depression, many barter and script systems were set up.
The 74% tax rate only applied to one person, J.Rockefeller, because he was the only one who made so much money he couldn’t find enough safe havens.
The problem the ‘progressives’ don’t realize is when you try to ‘eat the rich’, they know when to get off the plate.
Many small businesses see the writing on the wall and are going into ‘slow roll’ as they know what happens in the private sector when the public sector runs wild.
Those with no debt did best. They were the new rich. The rest lost everything.
It would also be a good idea to acquire knowledge, a craft, right now as well. It could be the most valuable thing you own during hard times.
Instead of buying, pay of your debts. You'll be much better off because of it.
Slow roll is the word. There are a lot of us that saw this garbage coming as far back as the election. Paying off credit and using cash instead. Eliminating the “want to” stuff” and sticking to “need to” stuff. When the govt goes about raising taxes on businesses, we know that means raising prices at the retail level. Companies don’t pay taxes, their customers do. My parents were depression era folks taught me well. I lived through the Carter years as a working adult and remember those days well. This coming couple of years appear to me to be Carter again but with a vengance.