Jim Rickards: We’re now past the point where a majority (who pay no tax) can tax the minority (who do pay) to redistribute income and support federal benefits. That condition never lasts long, never ends well.

60% of U.S. Households paid no income tax in 2020. So, we're now past the point where a majority (who pay no tax) can tax the minority (who do pay) to redistribute income and support federal benefits. That condition never lasts long, never ends well. pic.twitter.com/HwfWiLLeSe

— Jim Rickards (@JamesGRickards) September 8, 2021