Peter Schiff: Abolish Taxes Completely – April 1, 2009

Current tax system, fair tax system….bottom line is – if the money you contribute to either one is going to pay down the debt on interest we pay to the Fed. Reserve for money they print out of thin air – then its  still the same rigged system,  just a new way to get you to think its fair, thats all.    I agree with Mac Slavo – at least in part – eliminate the 16th amendment, since it was never legally passed to begin with,  and go back to the fundamentals of the Constitution.  Also – while we are at it – lets get the courts to finally decide legally what the definition of income is.   
There are at least 2 high court rulings that clearly demonstrate that income is profit derived from investment.   Wages for your labor is not profit – and anyone who sees it that way is an idiot. How could you consider what you get paid for your labor as profit? 
I can see taxing on profit – its money you make above and beyond that which you earn.  But taxing your labor means the government is doing nothing but taking money from your family, food from your table, and clothes off your back, all to pay for their inability to control their spending and borrowing money that costs nothing to print, has absolutely no intrinsic value whatsoever,  yet we pay interest on it. 
And with that, I will close with this one thing:  If anyone here can show me where one dime of our income tax goes to pay for anything OTHER than interest on the national debt – I will eat my hat……So come on – show me….I dare ya to….
 

Jct: So what alternative does he have for paying doctors, nurses, police, firemen, road repair, infrastructure we want from our governments?
There is an alternative. Just as King Henry I created tallies which he spent to fund government expense before taxing them back at the end of the cycle, so too, we could take a year’s break on taxes if government expenses were paid for with new U.S. Treasury notes which can be taxed out of circulation at the end of the year covering services in full and asset creation as fast as the asset depreciates.
So we could have a year’s break from taxation but there has to be an alternative to shutting down government services.
U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture.
See my banking systems engineering analysis at
http://youtube.com/kingofthepaupers with an index of articles at http://johnturmel.com/kotp.htm

Mikeronet, you are absolutely correct. The Grace Commission discovered this little known fact that our federal income tax goes to the Rothchilds, Warburgs, Rockefellers etc and nothing for America. They also found that it costs our govt $1.60 to spend a dollar back in the Reagon days. Now, I’m sure it costs $2.00. So remember next time you get $1,000 incentive check, that it cost you $3,000. $2,000 went to support big government.

Viva La Revolution!! 

Barnes….The answer to your question:  Up until 1913 – the economy was driven on several basic principals developed and published by Alexander Hamilton.  These principals were in place all the way up into the 1980′s I believe.  When we started de-regulating the financial industry during that period – this whole problem we face in the economy today started to manifest itself. .

Also,  add in the fact that prior to the 1930′s we were still on the gold standard, and our money actually had intrinsic value.    Did you know that the founding fathers not only took the concept of democracy from the Roman’s,  but they also took the concept of weights and measures as well?   Our founding fathers adopted the Troy ounce for example – which specifies the exact amount of gold or silver in each coin minted by the government 

To make the point about intrinsic value:  A roman coin found in the dirt today, that was minted thousands of years ago, still holds the exact same value it had the day it was minted. Why? Because the amount of precious metal in the coin never changes.  It always has its value.   Our coins used to be the same way.  Ever wondered why you cant find a gold coin, or a silver dollar, anywhere in this country any more?

Because starting in the 30′s,  FDR confiscated all the gold.  Along the way, the other precious metal coins (Silver) were also confiscated.   That was the first step in taking us off the gold standard.  The next step came in the 70′s, when Richard Nixon finished the job and took us completely off the gold standard legally.   From that point on – our money was totally void of any value – and every dollar you spend is basically worthless.

Jeff – I like your thinking…..