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Today, the federal government burdens us with one of the most dangerous taxes it can impose — the inflation tax. When the federal government finds that it cannot afford its out-of-control spending, and is unwilling to directly tax the public, it resorts simply to creating the money out of thin air.
Inflating the money supply is the easiest form of financing the government. The Federal Reserve, an unelected and unaccountable private organization, pumps more dollars into the economy whenever it chooses. Because the public is forced to accept these bills, the Fed essentially gets away with legally counterfeiting. We cannot possibly expect the government to control spending when it has a blank checkbook.
This greatly benefits the politicians and special interests — they are able to finance the massive welfare-warfare state. But how does this inflation affect you?
Basic economics tells us that the more there is of a good, the less valuable it becomes. This is also true of money. The dollar is worth four cents of what it was when the Federal Reserve was created in 1913.
Day by day, every dollar you have is being devalued. You pay an inflation tax without even realizing it because you are forced by a falling dollar to pay more for goods and services.
The disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation, are some of the greatest threats facing our nation today. It is this one-two punch — Congress spending more than it can tax or borrow, and the Treasury printing money to make up the difference — that threatens to impoverish us by further destroying the value of our dollars.
By legalizing competing currencies, we can end the Federal Reserve’s stranglehold on our money supply and begin to restore value to the dollar. But Congress will continue to spend extravagantly until we the people make our views known at the ballot box.
Seventh Circuit Court of Appeals Help Needed
- By Jeffrey Dickstein
- Published 08/11/2008
- Taxes , CURRENT EVENTS
- Unrated
and for all, of the dreaded federal income tax. It is time to take political action and
make our voices heard if we are going to continue to have FREEDOM OF SPEECH
and the RIGHT TO DEFEND OURSELVES IN COURTS. PLEASE HELP.
Replace the IRS with a "Constitutional" Taxing System
- By Michael LeMieux
- Published 06/23/2008
- Taxes , IRS
- Unrated
Monetary Reform: The Only Cure for the Hidden Tax
- By Phillip D. Collins
- Published 06/15/2008
- Finances , Taxes
- Unrated
Crack the Internal Revenue Code
- By Lost Horizons
- Published 06/2/2008
- Taxes
- Unrated
Taxing Taxes
- By John Christian Ryter
- Published 05/21/2008
- Taxes
- Unrated
FairTax - Citizens' Vigilance Required
- By Bonnie Alba
- Published 08/6/2007
- Taxes
- Unrated
Imagine receiving a full paycheck, all your last pay period wages. No income tax except possibly state. Think FairTax. It is the proposed replacement plan to the dreaded IRS and the complicated tax code system which the majority of citizens do not understand, including the experts. How will the government collect revenues then? It’s simple. Citizens would pay federal government taxes on what they buy in new purchases and services. The proposed 23 percent tax on every dollar would be included in all displayed prices. No added tax at the register.
Whenever tax cuts are discussed in Washington, the media and most politicians use the phrase, “cost to government.” “How much will this tax cut cost the government?” we are asked, as though some crime is being contemplated when we consider reducing taxes. The American people have every right to fund the federal government at whatever level they deem acceptable, and if they choose-- through their elected representatives-- to reduce that funding level, they are not somehow injuring the government.
Each year the people of the United States write a check to subsidize China, one of the most brutal, anti-American regimes in the world. Lately it has been in vogue for everyone in Washington to eagerly denounce the egregious abuses of the Chinese people at the hands of their communist dictators. Yet no one in our federal government has been willing to take China on in any meaningful way.
In recent weeks I’ve written about how inflation is alive and well, especially when it comes to the cost of housing, energy, gas, and education. But perhaps the most worrisome type of inflation comes in the form of steadily rising property taxes.
The Law That Never Was
- By Geoff Metcalf
- Published 02/6/2000
- Taxes
- Unrated
A criminal investigator for the Illinois Department of Revenue for
approximately 10 years, William J. Benson of South Holland, Illinois has
been at the vanguard of debate and controversy surround the 16th
Amendment for almost two decades. In 1984 he embarked upon a year-long
project to examine the process of the ratification of the 16th Amendment
and to determine whether or not it had been lawfully adopted as part of
the U.S. Constitution. The culmination of Benson's work is the book,
"The Law That Never Was."








