IN DEBT WE TRUST

The first tax was collected in goats. Which means the IRS started as a petting zoo with paperwork.

✗ FAKE
Early taxes were paid in goods such as grain, livestock, and labor in ancient societies. The IRS was created in the United States and was not a petting zoo.

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The first “valuation” was decided by a coin flip. Markets later called it “price discovery.”The first time someone used the word “synergy,” interest rates rose out of spite.The first financial model was drawn on a napkin and powered by vibes. It’s still a surprisingly common methodology.The first financial planner recommended “stop buying candles.” Candle lovers declared war.A bull stock market means prices are rising, while a bear market means they are falling. Basically, your emotions follow the same chart.The first pension was invented by a grandma who demanded “pay me for surviving.” Respect.See all In Debt We Trust facts →

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