tax the Federal Reserve
Posted March 29th, 2008 by fico
output
What do you think guys about using their own tools agaisnt them??
I think I found a good solution to solve part of the problems:
Tax the federal reserve as any other business or corporation in the nation.
they are a private own bankers corporation independent to goverment they should also be taxed right ? Is there info outhere regarding why FED is not taxed??
Goverment doesn't elect FED presidents, they don't keep they payroll neither their have control on their decitions neither they own stock in the company.
Maybe we could go forward and tax them retroactive for all the years they have failed paying taxes to our goverment and surely we will be able to eliminate our national debt with that money.
This is a good solution guys, what do you think of a legislation for make it valid? goverment is hungry for money today, who better than FED to pay taxes? They own taxes retroactive, that's a big amount of money appealing to spenders in goverment.
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Stop and think
All taxes on business are passed on to the end user. And besides, we need less legislation, not more.
Live Free Or Die
They're already taxed.
Around 97% of the Fed's income goes to the government. The remaining portion is just for salaries and maintainence, etc. It's essentially a non-profit operation, at least non-profit for itself. Though it's nominally a "private" institution, for all practical purposes it's really an arm of the government.
If 97% of the FED's income
If 97% of the FED's income goes to the goverment why do they charge interest to goverment on the money they lend? Why then we have a 10 trillions national debt? Why Andrew Jackson took the money out of the federal bank (BUS at that time) and paid them the debt?
Interest
It's just to make it look like there's real banking transactions taking place. It's just accounting numbers in a computer. It's to give it the illusion of a separate private institution that they're doing business with. The same thing could be done by the government without the Fed, by the government just printing money whenever it needs it. But they chose to do it this more complicated way in order to get around the Constitution.
it is not an ilusion,
it is not an ilusion, congress has no control over FED actions neither FED presidency or employees, they are not goverment employees. Neither they are selected through congress. They are a separated institution, it is not an ilusion.
If the goverment do the same thing then the goverment would not have to pay a national debt of 10 trillions and enforce tax payers to pay for it, or suck world bank ass figthing wars overseas.
Debt
If the Fed didn't exist (and Constitution permitted it), the government would still be issuing bonds and printing the money to pay it back and there would still be mountains of debt. The Fed is just a government-created technicality to get around the Constitution. The Fed is not "private" in any normal sense of the term.
Andrew Jackson
I think history repeats:
http://facweb.furman.edu/...
I agree taxing them will not solve the problem, it has to be eliminated.
Illusion
The Fed chairmen and governors are put in place by the government. The Fed doesn't itself choose whose going to take these positions.
Because of this and because 97% of the income is taken by the government, the Fed for all practical purposes is not a private institution. It's part of the government. Ron Paul will tell you that too. It's a scam for the government to get around the Constitution because the goverment is not supposed to print money. By creating the Fed, the government can receiving an income through money being printed, without itself printing the money to make it seem Constitutional. But for all practical purposes, the Fed IS the government printing the money. The Fed is part of the government.
Almost...
The Fed IS NOT PART of the government, but PARNTERED WITH the government and owned by member banks.
HR 2755 or EO 1110
I found Ron Paul's HR2755 legislation, that's a good one to target FED
maybe also Kennedy's Executive order 1110, it was never repealed and is still valid.
case closed. Each member
case closed. Each member bank is a private bank (e.g., a privately owned corporation) even though like you said, been a "goverment agency" taxing them would be almost imposible, even more now that they do not provide any economic information to the middle goverment of USA.
Taxing
Banks who are a member of the Fed system as well as banks that are not, are taxed.
Where are you going to get the votes?
The FED calls the shots, they tell the president and congress what to do! Amercians have lost control of this country and don't even know it.
that's for sure, world bank
that's for sure, world bank uses FED as the puppet real goverment of United States. Nobody elects a president there.
We are going to get the votes from the majority, those welfare and baby boomers majority eager for socialist money.
tax then for every dollar they print
Tax them for every dollar they print and the dollar which is the base of their empire will go down sooner, tax them twice the interest they charge us for every dollar they print and make them close, same way they do when taxing businesses, individuals or coporations they want out of businesses, all legal under corrupt law.
And make it retroactive for all these years and you get rid of the national debt.
They'd just print the money
They'd just print the money to pay and charge us more interest on it. the only solution is to get rid of them.
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Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty, or give me death. Patrick Henry
They print the money to pay
They print the money to pay taxes and then the dollar will go down sooner, they will not be able to contain the fall. Tax them for every dollar they print twice what they charge us in interest and I'll tell you if they close or not... all legal under corrupt law.
Pointless.
The fed issues the money. If you tax it, you only increase the inflation by the amount you charge them.
...unless you require the Fed to pay its tax bill in gold or silver. Hmm.. That's got possibilities.
-jcr
Nice - Only Problem
We have to get control of the helm of the ship first.
"Walls are stronger than the men that defend them."
Khan
Tax them for failing to do their job! Cool.
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tax FED retroactive, pay a democrat to bring the legislation lol
I don't mean Ron Paul and supporters, we all know taxing is not the way to go and it is against our principles but.....hmmmm it will be good to know why FED isn't taxed, taxing them retroactive would be a good reason for them to close, and it would be hard to explain why they are not taxed.