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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.00

+2.0%

Jan 23 4:00 PM EST

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To: brent hyatt who wrote (72705)	7/2/2001 2:27:33 PM
From: E. Charters	Read Replies (2) of 116914

We don't need taxes for hospitals schools and roads. That is a myth. We don't need tax money at all for these things. The gov't invents the money for it anyway, why steal it off the people, or to be precise, the wage earner? All that does is raise the index of the cost of goods. I am not loosey goosey here, the matter of where the money is skimmed by gov't is relevant to the price of goods and the amount of surplus that is available to the worker. The gov't 'prints' the moeny anyway with bonds or borrowing, up front. Then it pays the bonds off with a deficit by taxing to pay the interest. They never intend to pay principal. They went to income tax after the war primarily because it was an expanded capital base. Consumers had more money than business. What this did is create inflation as worker taxes drove salaries up, strengthening unions, a vicious and bloody cycle as the price of goods rose automatically as well causing more salary demands. So if anyone tells you government spending on anything does not cause inflation spit in their face for me. Gov't spending is the root cause of ALL inflation. If tax is limited to business and tariff then this inflation cycle is much more moribund and not nearly as consumer and wage driven. It may seem like nit picking to take it off the back end rather than the front as it makes seemingly no never mind to the actual real cost of goods/salaries except when you look at the cost of goods in foreign markets. The price drops dramatically when you factor out income tax. It shrinks prices rapidly. How does gov't get the same amount of money to operate? Well in fact it gets less so it has to shrink too. But doing away with the internal revenue department saves perhaps a percentage of the cost of gov't so there are savings. The reality is people LOAN money to the government to operate. The gov't should pay them interest! Of course the services are a benefit. But the money is still a loan. why they use taxes as a base for gov't spending is because gov'ts have no money of their own and if they could print it at will to pay for projects their would be no 'production' check on spending at all. But it seems that coupled with deficit spending there is no limit on taxation either.. or rising salaries primarily tp pay all that tax. After all a man hour should pay what it paid for 100 years ago if production is not degrading per se. The cash crunch is all tax. Why is your salary not enough? Because freespending welfare governments cannot get enough either. TV in 1929. Well colour TV was first demonstrated at the Chicago world's fair in 1929. It was invented by my uncle, Sir William Stephenson, a Canadian who was later to be WWII head of military intelligence Unit 5 of the British Army. The smallest TV cameras made until 1960 were made by the Germans for the nose of WWII air to air/ground TV guided missiles. (They were CRT type hi res) These missiles became the US navy antishipping "Prester John" rockets post WWII. EC<:-}

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