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The New Tax Man From Ancient Rome

Big banks and hedge funds in the U.S. have been quietly collecting taxes on hundreds of thousands of homes.

The process, called "tax farming," is simple: A company goes to a local government and reimburses it for taxes that citizens aren't paying.

In return, the company gets to act like an old-fashioned tax thug -- the kind rabbis condemn in the Bible -- charging up to 18 percent interest and thousands of dollars in legal fees, simply because it can.

As the District of Columbia attorney general told the HuffPost Investigative Fund, there's "no oversight at all."

Like many great American traditions, the tax farming game was perfected by the ancient Romans.

Continue at...

http://www.huffingtonpost.com/2010/10/22/tax-farming-private...

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My memory does not go that far back. I have to take it on faith.

I do remember bill collectors coming around. They took all my money that I had many times. They promised they would be back as soon as I made more. I visited bankruptcy & worst even I worked hard & was not extravagant. Odd, Bankers are at the ready to loan & never seem to run out of "line of credit" to grant. Debt flows where even money won't go. Bankers call their debt contrivances "currency."

What is the origin of this contrivance? This debt? Is is just a promise?

Need I go back to times before the Romans?

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Remember too ROME

was started as a REPUBLIC. IT ended in a dictatorship. Their senate became corrupted.

Decades ago, I paused on "Outline of History," H G Wells, pg 458

Your point exactly. "Outline of History" H G Wells, 1940 edition, page 458. H G Wells wrote of national leaders as,

"Vulgar & greedy spirits, hostile & contemptuous against the mob." ... "how utterly wanting in wisdom or grace of spirit." ... "The statesman still has to oust the politician from his lairs & weapon heaps."

Probably pinned by H G Well between 1910 - 1919. He goes on into the depravity of paper currency "cash & credit."

"Another respect in which the Roman system was a crude anticipation of our own, & different from any preceding political system we have considered [in this book], was that it was a cash & credit system. Money [soft, legal tender] has been lent into the world as yet for only a few centuries. Bit it had been growing; it was providing a fluid medium [like elastic currency] for trade & enterprise, & changing economic conditions profoundly. In Republican Rome, the financier & the 'money' interest began to play a great part recognizably similar to their roles today."

H G Wells goes on to recount times gone bye, the limited role Banks played as one traveled freely with sound money...

"No doubt there were Bankers in the Babylon of 1000 AD, but they lent in a far more limited & solid way, bars of metal & stocks of goods."

"[Trade] went slowly ...staidly & stably. China has remained... the the present time [bartering in metals & goods in like kind.]"

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Mortgages are bought and sold all the time

wihtout concent or knowledge of the mortgagee.

Yes, since about 200 BC, "Outline of History," H G Wells

"... all the time."

Continuing my post-card from moments ago, on to your point. "Outline of History" H G Wells, 1940 edition, page 458. H G Wells wrote of

"... Roman & the Hellenized [Troy] world. People began to buy land not for use, but to sell again for profit; people borrowed to buy, speculation developed."

Then Wells goes on to Banks limited role related bars of metal & store of goods.

The Mortgage Electronic Registration System (MERS) problem has many facets. You mention some. The simple view is that MERS did not record transactions with county recorder offices nor keep the original note with the deed in hand. MERS avoided filing fees & skirted the related laws.

As a closing remark:
I do not see skirts as becoming to laws. They should be put to better purpose.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Good Story and Questions Mark Twain

thanks