The problem I see with this whole thread, is not a question of "taxation," but more, a question of how we assign value to currency, and it's relationship to government.
Will we allow quasi-private entities, colluding with pols. that have machinations, to inflate the currency, thus devaluing it and robbing the populace of their purchasing power?
Of course, for the central government, this works well, it makes it easier for them to get out of debt, makes collecting larger amounts of taxes easier, it does all sorts of things that benefit ruling elites and the powerful, but most of all, it creates class warfare, distracting folks from what is really going on.
Rulers at that point, are not the ones responsible for economic trends, and the masses of course will cry for economic justice, but as long as the central bank destroys the value for the means of exchange? Forget about it. There will be no true prosperity, no real economic justice, and the solution is NOT to destroy the free market, nor is it to surrender to the predations of the robber barons that control all three branches of the central government, the lobby groups, the intelligence agencies, AND the press.
They don't care about this argument, either side, they really don't. Either way, they will STILL be in charge. Leave "corporatism" alone? They will just get more rich while the workers labor away and never get ahead, while losing retirement and life expectancy. Give them socialism? They will be the masters and everyone will just get more poor. . .
As long as there is a CENTRAL BANK, controlling the value of the currency and making it more debt based upon debt based, creating more inflation upon more inflation? They will always get more rich while the poor lose their land, their living standards, the health and life style.
I simple DO NOT understand how a political forum has so lost it's way, and forgot the warning of our founding fathers, nor why we revolted from the mother nation in the first place. IT WAS FOR THIS VERY REASON!!!
". . . Nixon’s promise that “your dollar will be worth just as much tomorrow as it is today” has, of course, been completely falsified. The 2014 dollar is worth only 15 cents in 1971 terms, buying 85% less than it did in 1971. Some bugaboo. All of Nixon's other rationalizations for going off gold also have been falsified.
The closing of the gold window turned out to be the slamming of the golden door to social mobility and equitable prosperity. In the wake of the closing of the gold window median family income stagnated, never again experiencing secular recovery. Meanwhile the income of the wealthy has continued to grow apace. This has produced the very income inequality so loudly denounced by progressives who, ironically, are the last defenders of the very policy which is the probable cause of our inequitable prosperity. . . . "
Pat Buchanan Ignores The Underlying Reason Richard Nixon Was Forced To Resign
