Why taxing the rich never works

Before the Sixteenth Amendment legalized the income tax it had been made law several times and the Supreme Court ruled them Unconstitutional. The wealthy, especially the super-wealthy, had anticipated these laws and had created a clever tool to protect their riches. It was called a "charitable foundation".

The idea was to co-sign the ownership of wealth, including stocks and securities, to a foundation and then get Congress and the state legislatures to declare all such charitable institutions exempt from taxes. By setting up boards which were under the control of these wealthy benefactors they could escape the tax and still maintain control over the disposition of these fabulous fortunes.

Long before the federal income tax was in place, multimillionaires such as John D. Rockefeller (who once said "I want to own nothing and control everything"), J.P. Morgan, and Andrew Carnegie had their foundations set up and operating. The next step was to make certain that the new tax bill passed by Congress contained a provision specifically exempting their treasure houses from taxation.

The tax bill which the Sixteenth Amendment authorized was introduced as House Resolution 3321 on October 3, 1913. It turned out to be somewhat of a legislative potpourri for tax attorneys, accountants and the federal courts. In the ensuing years, untold millions of dollars have been spent trying to figure out exactly what this tax law, and those which followed it, were intended to provide. However, tucked away in its inward parts was that precious key which safely locked up the riches of the super wealthy.

Here are the magic words under Section 2, paragraph G:

"Provided, however, that nothing in this section shall apply...to any corporation or association organized and operated exclusively for religious, charitable, scientific or educational purposes."

All of the foundations of the super-rich were designed to qualify under one or more of these categories. And they do today. The Bill and Melinda Gates Foundation did nothing but remove them from the wealthiest taxpayers in the United States into the group of tax-exempt filthy rich.

The Prophet

He said: "I see" And they said: "He's crazy; crucify him!" He still said: "I see" And they said: "He's an extremeist!" and they tolerated him And he continued to say: "I see" And they said: "He's eccentric." And they rather liked him, and smiled at him. And he stubbornly said again: "I see" And they said: "There's something in what he says" And they gave him half an ear. But he said as if he never said it before: "I see" And at last they were awake, and they gathered about him and built a temple in his name. And yet, he only said: "I see" And they wanted to do something for him. "What can we do to express to you our regret?" He only smiled. He touched them with the the ends of his fingers and kissed them. What could they do for him? "Nothing more than you have done" He answered. And what was that? They wanted to know. "You see", he said, "thats reward enough; you see, you see"

-Horace Traubel

This will change the way you look at Hugo Chaves, or else you are blind

“Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing had happened” – Winston Churchill

Who agrees with Ron Paul?

Well Ron Paul is hated by the Republicans for believing what this man said:




AND
What this man said:



What a FOOL! He should have believed them AFTER they became President and Vice President. How could he believe Bush? Cheney? Hell, they didn't even believe themselves!

The NEXT Ten Amendments to the Constitution

Amendment 28
The Federal Government cannot borrow money.
Congress can (and must exclusively) authorize the issue of a quantity of currency created by the purchase and/or storage of hard assets such as silver, gold, diamonds, title of real property, or purchase and storage of any non perishable commodity. The unit of money is the Silver Dollar Note and $1 is redeemable in ___oz of Silver, or any equivalent of ___oz of Silver.

Amendment 29
Repeal the 16th amendment allowing the personal income tax (Jokes over)

Amendment 30
Members of the House of Representatives are limited to 16 year total term, and are designated by districts of approximately 1 million in population as determined by census. House members can be impeached by petition within their district for any reason.
Senators are limited to a 12 year total term in office
Repeal 17th amendment, State legislatures elect Senators and can impeach them for any reason
Supreme Court Justices can be impeached by petition of _(qty)_ lower court or state Supreme Court justices for any reason
The President can be impeached by super-majority of congress for any reason
The Reason for removal from office by any officeholder must be disclosed publicly

Amendment 31
Presidential Electors shall be selected and vote according congressional district majority, each district getting 1 vote, AND each state legislature getting 2 votes total. Instant runoff voting shall be used if there are more than 2 candidates for the office.

Amendment 32
Campaign donations are unlimited to individual citizens, but must be fully disclosed by name and amount. PAC money cannot be collected or spent by the candidate. All campaign funds not spent go into the disaster relief fund.

Amendment 33
Congress cannot delegate any part of its authority without amending the Constitution
No foreign Country can be attacked, or foreign person injured or killed except by congress declaring WAR, issuing warrants, or letters of Marque and Reprisal

Amendment 34
All bills passed by congress that violate the Constitution (as decided by the President, the Supreme Court or State Convention), even if signed by the President, are null and void, and each member who voted for it (including the President) is subject to possible impeachment, and trial for treason.
All executive orders issued by the President that violate the Constitution (as decided by Congress, the Supreme Court, or State Convention) are null and void, and the President is subject to possible impeachment, and trial for treason.

Amendment 35
No permanent Bureau or Department can be created except by Amendment to the Constitution. All Departments not expressly authorized by Amendment will become abolished as of 4 years from _(specific date)___

Amendment 36
Congressional, Presidential, and Judicial pensions are equal to 70% of their salary, and are paid annually for a total in years equal to time spent in office. If convicted of any crime while in office, no pension is paid.

Amendment 37
All land owned or controlled by the United States must become Territorial, and new States be proposed by them.

Ron Paul says stop allowing them to "Monetize the debt"

What does it mean to "monetize the debt"? The Banking system is not merely paper money, it is much worse. It is debt money. To illustrate:

OK, here is the simple version of what our banking system does and why it is so crappy. The system we have is less viable now than it was during the Great Depression, but because of the added peace of mind that the FDIC (Federal Depositor Insurance Corporation) gives us we milk it along expecting it to last forever. It won’t, it can’t.

We Poe folk who actually work for a living have been continuously robbed since 1913, actually long before if you look into it. The ability for banks to manufacture money by merely loaning it out has been around for over 300 years. Governments in Europe looked to bankers for money when they went to war, and the bankers loaned out more money than they had. This has happened time and time again. It is how the rich stay rich, and the poor stay poor. As soon as a poor man gets rich, he either gets involved in the scheme, or his heirs go poor again. What I am saying is if your last name is Rothschild, Rockefeller, Schiff, Roosevelt, Morgan, Kennedy, or Bush, or you probably don’t have to work if you don’t want to, no matter how much money you spend. Just buy a Central Bank

The best way to illustrate the scheme is to simplify the operation. So let’s say there are only two banks and then the Federal Reserve above them. Picture a triangle. OK, I am Bank1, and in competition is Bank2. I have $100 and he has $100. I get a thousand people to deposit $1 in my bank to store it for them totaling $1000 plus the $100 of my own. I send out a monthly statement telling all my customers they have their full amount in my bank, but I can loan out all $1000, as long as I keep my $100 in reserve for those who spend their $1 out of my bank. This is the 10% required “reserve” in our fractional reserve system. This works great if not too many come in at the same time and take their money out. Cool for me and the FDIC for you.

But that’s nothing.

I loan out $1000 at interest by writing a check to my loan customer, he deposits the $1000 into Bank2. Now Bank2 has $1000 + $100 investment. He can loan out $1000 now too. His customer gets a check for $1000 and deposits it into my Bank1. Now I can lend out $900 of that. Bank2 gets that new deposit and can loan out $810, I can loan out $729, he can loan out $656.10 and on and on and on until all the money is loaned out, and all of it is tied up in the 10% reserve. It doesn’t matter if my customers spend their money, because whomever they give it to will usually just deposit it anyway! Cool eh?

Is everybody happy? So far the loans I am making interest money on total $2629, and my customer statements show a total of $3466.10, while I only spent $100. Cool. Interest money comes in, people take their money out, spend it, and others put it back in. All is well. Until, rats, the fool I loaned the $1000 to disappears with the loot. All heck breaks loose until, thank goodness, the Fed rescues me and loans me whatever I need into my reserves to keep the ship afloat.

Guess where the Fed gets the money it loans to me? Well, it used to be monetized gold, but now, it is 100% monetized debt. The Fed loans money to me that is backed by Government debt or my debt to them. They storing the debt paper makes the money they spent buying it have value. As a result, the total money supply grows by no other means than by loaning it.

The ability to manufacture money from loans has put lots of money in supply, and made it easy to get loans for houses and cars. But it requires more loans to sustain itself. Stop borrowing, and all the money disappears to the banks long before the loans are paid off; keep borrowing and the money becomes worthless, and most of it goes to the banks in interest.

This system is corrupt, and it is a house of cards waiting to be knocked over. There are toothpicks and band aids continuously stuck into it to keep it up. Bank owners are making a killing on interest, but all that interest money is created by debt, which creates a need for more inflation to cover the interest. There is no way this can sustain itself forever. The national debt is VITAL to keeping this joke afloat. Pay it off, and we get the great depression once again. Keep borrowing and we get runaway inflation and the great depression German style.

The solution is simple. Eliminate dishonest fractional reserve banking, and inflate the currency through government action, not bank action. BOTH must happen; neither will work independently. This is the only solution, there is no other way. Money must also have intrinsic value; not credit value, but tangible asset value. This would make our economy the wealthiest in the world again. And everyone would be wealthy, not just tax exempt bankers.

I promise you nothing but Freedom

Why we NEED Ron Paul for President

Inflation redifined for Ron Paul and Ben Bernanke

‘Inflation’ is a word that has too many definitions. Confusion comes from trying to use this word in conversation when the meaning of the word is not concrete. Therefore I am going to follow the teenage mutant ninja turtle’s guideline and invent new words to crack this word into three.

Inflation has 3 definitions.
1- Money supply increase.
2- Overall price of goods and services increase.
3- Currency value decrease, or devaluation
The third meaning comes from the first two and is oxymoronic, for how can a decrease come from the word inflate?
My new words are:
1- Monflation,
2- Priflation, and
3- Demonvaluation.
Cool words huh. Cowabunga dude

When the Federal Reserve chairman is being grilled by my favorite man in politics, Dr. Ron Paul, they are speaking of two different things. Mr. Smooth himself, Ben Bernanke attempts to dismiss Dr. No by stating things that he knows are not 100% true. They both use the word Inflation, but Dr. No is talking about monflation, while Mr. Smooth is talking about priflation; both of which they know produce demonvaluation. Dr. No believes that monflation creates demonvaluation and therefore priflation. Mr. Smooth believes that priflation is controlled by attempting to reduce demonvaluation through keeping interest rates rather than monflation as the criteria.

Most people don’t know it, but the priflation statistics that the Federal Reserve uses are not what you would think. In their “core” CPI (consumer price index), the only relevant data to them regarding priflation, they do not include things that you or I would. You know, things like food, gas, and the price of buying a house. I may not be a rocket scientist, but that is kinda like lying if you ask me. The inflation rate, according to Mr. Smooth (priflation), is 3%, but according to Dr. No (demonvaluation), it is 10%. For some reason, I believe Ron Paul more than Ben Bernanke.

The Last Ron to run sounds like to the new one

"A Time For Change" Speech for Barry Goldwater in October 1964


O that conservatives were as liberal as Milton Freidman