Quote:
Originally Posted by onwebcam
This country was built without income taxes. The only reason we have them is because of the Federal Reserve. Income taxes collected go to paying the interest on the debt. The debt is created because the interest takes up all revenues which creates the need to borrow more to fund the federal government. A vicious circle that has to end. End the Fed, end the problem.
|
We had income taxes before the fed reserve, for war reasons. Throughout history, our Gov has done some amazing things with our tax dollars that the private sector wasn't doing at all, so it's not all bad.
Income taxes pay public debts, on that std ridden circle jerk. Ending the reserve might be a bit extreme, if we could print our own money with no interest or stop applying interest to reserve notes, then at least the worst part is corrected.
Taxes are needed, it forces money flow. What's not needed is a bloated, over spending, out of control, run away Gov at every single level, that does very little if anything, that is truly in our best interest in todays World.