Truly breathtaking. The Fed is about monetary policy, not fiscal policy. The Fed plays no role in fiscal policy. Taxation is a component of fiscal policy. Fiscal policy is determined by Congress and the Administration. Got that? And I suppose your data and information gathering sources are better than the Fed's, which is why your statement of fact (as compared to opinion) supersedes Greenspan's (or that of any other Fed chairman, for that matter)? I think I'll end it here and leave you to look for your senses.
The Fed levies the invisible tax called inflation (currency devaluation). A tax by the gov't reduces your purchasing power. Inflation reduces your purchasing power. Both remove your sweat equity via transfer.
First of all, learn some history. The Fed was formed in 1913 and the permanent income tax amendment passed in 1913. Coincidence in your leftist mind? Second I gave a chart with data. you give us b.s. Show us charts using fed data which shows that revenue did not go up within two years of the reagan cuts. Show us charts with data which show that revenue did not increase after the Kennedy cuts. We have not even spoken of the revenue increases after previous tax cuts. The bottom line is that your leftist rhetoric does not work in the face of data.
Actually the problem is guys like you who pay zero federal income tax yet insist on more government spending.
Jem, you've clearly had a cluectomy. Perhaps you should get some bedrest. And don't wear hats for a while.