Why not tax the creation of money instead of consumption?
Submitted by DelafieldGuy on Tue, 10/28/2008 - 22:01
Why not tax the creation of money instead of consumption?
Most of these huge economic entities avoid taxation thru charitable Foundations and tax-loopholes... why not go straight to the root which is their ability to create fiat currency ! ? !
If there were a tax on the creation of money: would this not slow the banks' rampant creation of fiat currency? (and decrease the public taxation rate for covering the expenses of the politicians' welfare-warfare state)
If only...
»
Is it the banks that creat the fiat currency or is it the FED?
Your "conscience" is the measure of the honesty of your selfishness. ~Author Unknown
~Your perception becomes your reality~
Well...
The idea of a tax on the creation of all new Fiat money, is to discourage the creation of Fiat money based on deposits of Fiat money.
From what I can put together,
A Bank needs a deposit from a consumer first and foremost before they can Lend many times that amount to others who borrow.
Once the banks have a Deposit they can then lend many times the amount of that deposit.
The banks borrow the money that that is loaned.
The source of this money that the Banks borrow is the Fed.
The Fed charges the Banks a special Fed Rate to the Banks on the money loaned to Banks.
Feel free to clarify this approximation with a link or video if I am not on target here.
The point of the idea of attaching a tax as a dis-incentive to the creation of money from out of nowhere, is due to the fact that the Banksters have gone off the Gold standard.
I don't think the 100% Gold standard is reasonable in this day and age, and I do not think Fiat currency is viable either.
How about the banks taking assets that are backed by Gold such as real estate, art, businesses, etc?
The idea of a tax on the creation of all new Fiat money, is to discourage the creation of Fiat money based on deposits of Fiat money!
Ron Paul for Peace!
I'll have to think abut that one
Sounds good at first glance.
Excuse me - but they do tax the creation of money
The only difference is that WE pay it - It's called the Federal Income Tax. That's why the tax was created, to pay the interest on the money that is created. Why would the central bankers want to tax themselves when they can get interest money, without expending capital. Nearly 100% of the tax on your labor goes to pay this interest.
Plus, the people will learn from the corporations that the tax will be passed on anyway. In order to do this, Congress would have to acknowledge the fraud itself - and they are no going to do that.
www.libertyrestorationproject.org
"We are the inheritors of the American Enlightenment, which tells us that Individual Liberty always trumps collectivism in all forms."
Off target but shooting for the right "army"
You said "Why would the central bankers want to tax themselves when they can get interest money, without expending capital."
I say "Exactly - why would they want to tax their own instrument which enslaves us"
The Federal Income Tax takes a portion of your Wages.
The Federal Income Tax does Not take a portion of the Fiat currency that is created by the "Printing Press"
If I were dramatic I would say that "Printed Money" is created through the unholy trinity of the 'Fed' and 'Banks' and the 'Government'.
We the People can make the Government do as we wish if we are wise and work in a collective manner.
This is the sad paradox of Libertarian idealism... we all need to be on the same page. (See the movie "V for Vendetta" as an example of the type of outrage that we must endure to get all of use to act in unison!)
You said "Why would the central bankers want to tax themselves when they can get interest money, without expending capital."
I say "Exactly - why would they want to tax their own instrument which enslaves us"
Sorry for any redundancy in my replies. I am very sincere, very tired, and yet I am very hopeful lately...
No one in 1930 could have predicted the Internet. No one now can predict our future.
There is a chance that we an all wake up and change things without violence, and without history going back to some older political model!
Ron Paul for Peace!
why a new tax?
How about allowing competition in currency and let the free market decide which currency to use?
http://FlipFlopRomney.blogspot.com
Not realistic: Human Nature & Banker's nature are against us.
I agree with you in theory & the spirit of 'idealism', however, if we do Revolt and then start a True Free-Market economy it is verly likely that just a few generations later it will all revert back to the Banksters (just as Tom Jefferson warned us 200 years ago)
Human Nature and Bankers' natures are against us, they will always try to manipulate circumstance to get what they want.
The bakers will Always be Tempted to "print money" so we need a constant and pervasive Dis-Incentive imposed upon the act of money creation so that we can turn a new page of human history.
Taxation at the source of monetary creation - an easy-to-understand idea.
Ron Paul for Peace!
In a way, they already do.
If the payroll tax is a tax on labor, they are taxing money before it ever has the chance to be spent in the general economy.
--------------------------------
"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
----------------------------
dis-incentives to create money out of thin air
The idea is about dis-incentives to "create money out of thin air" and to make sure the bankers are part of the welfare-warfare state's "tax base" with no possible exemption for themselves.
They are, afterall, the ones who print the money and control the leaders who refuse to stop spending the money. This idea is limited to the current system... I have a feeling it's all coming down anyways and we won't have a chance to regulate those who rule over us anyhow.
The families "behind the curtain" certainly would not want this idea to be imposed upon them, it is FAR easier to build-up and then tear-down countries (and even empires). Once the current game of centuries has been played out, they will build a new game.
We're all pawns in their game ... how DARE I even think that we could impose such controls over the sovereign kings who issue money?
Ron Paul for Peace!
Where is a cop when you need one ?
THAT says it all folks
weee
Where is a cop when you need one ?
THAT says it all folks
weee
Where is a cop when you need one ?
THAT says it all folks
weee
Where is a cop when you need one ?
THAT says it all folks
weee
Taxation is theft
Let's get rid of theft, rather than just shifting the stealing to different areas.
as the British Rock Band "The Who" put it...
I think shifting the paradigm in an evolutionary manner so the Banksters have an actual dis-incentive that they may Not manipulate an exemption for themselves, only this may prevent slippage to prior version of historical enslavement.
Just an opinion.
Of course it is better if we can all be idealists and have our dreams realized within our lifetimes and sing "kumbayah" around the campfire together in peace. The Banksters and Power-Grabbers however, did their work over decades, slowly.
If a movement such as the one started by Ron Paul or the Libertarians were actually successful in unraveling decades of work "all at once" overnight then I say it is all too likely that the next generation or the one after that may be "Fooled Again".
Ron Paul for Peace!
no free ride
THAT would put a halt to finance as usuall,.GREAT IDEA....Of course they would just pass the tax along for more of a ride...
weee
Yes, they would pass on any "monetary creationism" Tax
Yes, they would pass it on... and we would have Far Sounder money due to the costs of issuing newly created currency out of thin air...
Our overall tax rate would likely go down dramatically due to less deficit spending, No more welfare-warfare state, No more pork in the budget...
- and No more "Inflation" Tax passed on to those on fixed incomes.
Perhaps with a sounder money supply due to the high cost of "monetary creationism" it might even be a lot harder to "buy" the votes of Senators and Congressmem?
Ron Paul for Peace!