FYI, I sent the following to my Congressman. You might assist in this return to Constitutional government by simply emailing something similar to the Congressman in your district. The core of budgetary problems in Congress To be brief: The Federal Reserve has been kiting checks to the US Treasury since at least 1971. Due to lack of consideration, the Treasury owes nothing to the Federal Reserve. A couple of points to make: - National debt goes to $0. - Personal income taxes were originally designed to pay for the T-bonds, so personal income taxes can easily be repealed. - The Treasury's fiduciary responsibility to savers of T-bonds can be made good through Congress. - Since consideration was conveyed when the Fed sold the T-bonds to investors and banks, the T-bond market can remain afloat. (It will likely unwind naturally.) As few really understand the mechanics of the above, if you have concerns or questions, please let me know.
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Not disagreeing with your post, but just wanted to point out a common misconception that low paid workers pay no taxes. In truth they can end up paying a higher percent of their income in taxes then some highly compensated workers. They just don't pay the income tax. (They get that returned to them.)
no doubt, and the poorer they are the higher the percentage. Sales tax, gas tax etc, no way to find a shelter
This would be a great topic for a separate thread , almost everyone has misconceptions about how the us system works. Most people think their taxes go directly to fix roads etc. great topic but this would get messy real quick. I will just say back when I was 18 I took my first economics class, I remember the teacher talking about recessions and that the fed prints more money etc. My hand went up involuntarily, I was like what the fuck are you talking about. Anyhow that was quite a revelation. I think back in the 70's 80's people didn't know about the printing press and why its problematic. A lot more people understand this and inflation, although maybe not correctly. How many poor people out of 100 think that there is a fixed amount of money in the US, I bet it is an extremely high figure.
lol, you're the morons that allow ceo's to make hundreds of millions running public companies into the ground. it should be illegal to make that much money as an employee of any kind. if you OWN the company thats another story. thieves and con men will do what they can get away with. since I'm not the anointed king, they get away with quite a lot, on your watch. i am the 99