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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: orkrious who wrote (11124)8/29/2004 10:12:19 PM
From: yard_man  Read Replies (3) of 116555
 
I really believe this is a "misnomer"

>>Under a gold-silver coin and backed currency, no deficit, no fractional reserve banking system, I'll guarantee you there would be individual, church, and voluntary help for the needy, but no forced charity, as is the income tax. Everything economic, would be on a voluntary basis, with no creating 'money' out of thin air, loaning 'money,' with none necessarily on deposit, and paying government bills with printing press 'money.' If a person were poor, he could get a job, fail, beg, or even die, but no federal government handouts. No Social Security, no federal backing of anything, except the dollars, which would be backed 100% with gold and silver, no matter who issues them, and coins being made out of the same.

<<

Income tax isn't so much about redistribution among citizens as it is about keeping citizens from controlling too many real assets -- in competition with the state.

Can you imagine what would happen if withholding were repealed -- don't change the tax rates -- just repeal withholding ... can you imagine folks having to write a check for all of their income tax at the end of the year??

Our government is soooo good to us -- taking it out from the get-go ...I mean, spendthrifts that we are ... <s>

How high was the duty on tea when the "patriots" jumped on the ships at night and started throwing it overboard?? We need some revolutionary thinking again in the US ...

The funny thing about the corruption of our money and tax system (really one and the same) -- is -- you won't find too many people that are truly ignorant of this -- but most folk think either 1) it's a power beyond their control or 2) something you just have to live with to get along.

In the next few years, it will be interesting to see what other kinds of outlandish propositions people will be willing to swallow to be protected from the terrorists ...
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