Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
There are no "simple" solutions that will fix things like magic. There no "best" choice of socialism, statism, constitutional agenda, etc etc etc. Thats over simplifying reality.
Reality is that theres LOTS of choices to make on how we run things. Anyone claiming that their preferred ism solves them, is lying or ignorant. pure forms of capitalism, socialism, communism, libertarianism, etc are completely doomed to failure. And those arguing for them are basically yelling that we should make choices based upon their agenda instead of making rational and thoughtful choices that will lead to the best results.
jetgraphics - that was tried in the early days of our nation. It was a speculators dream and a farmer or laborer's nightmare. The result was tenant farming and company town and store slavery. No thanks.
You're confusing scrip with notes. Scrip is a form of money issued by a local government or private organization, and only usable within that venue.
Every coupon for a "free" item is a promissory note. It's discharged when tendered.
Tenant farming (share cropping) has nothing to do with private money.
A company town that paid salaries in the form of scrip is not equivalent to a private note.
I prefer a system where retirement savings, either by the individual or their employer, are free of any taxation until redeemed in retirement.
I also think an Income Tax based on all income from all sources, including illegal, with a base deductible set at the 90th percentile of all income with the IT set on a progressive basis on the top 10th of the taxpayers. this income tax would be supplemented with countervailing tariffs on imports that negate the price advantage created by lower wages, lax environmental regulations and government subsidy by the importing country.
Together these would place the burden of operation the government on the people that gain the most from that government. The lower 90% would have more money to invest or spend from the jobs they have that are protected by the tariffs. The top 10% might even have to do something useful to stay wealthy.
Working backwards, no government instituted to secure rights can tax rights - only privileges. Most are unaware of how and when they consented to be governed, and thus transformed endowed rights into government privileges (aka "constitutional rights").
As to the "income tax," it's not a tax on income, but upon privileges. The rate of tax is based on the income from said privileges.
“The income tax is, therefore, not a tax on income as such. It is an excise tax with respect to certain activities and privileges which is measured by reference to the income which they produce. The income is not the subject of the tax: it is the basis for determining the amount of the tax.”
- - - F. Morse Hubbard, Treasury Department legislative draftsman. House Congressional Record March 27th 1943, page 2580.
‘When a court refers to an income tax being in the nature of an excise, it is merely stating that the tax is not on the property itself, but rather it is a fee for the privilege of receiving gain from the property. The tax is based upon the amount of the gain, not the value of the property.' John R. Luckey, Legislative Attorney with the Library of Congress, ‘Frequently Asked Questions Concerning The Federal Income Tax' (C.R.S. Report for Congress 92-303A (1992)).
If you are unaware of which revenue taxable privilege you exercise, you should ask your public servant for an explanation.
Frankly, if enough Americans ceased exercising privileges, the tax base would shrink 99%. With a 99% reduction in the budget, what government functions should be funded?
My choice for the one law that would change everything - - -
Well, it would require an amendment to the USCON.
Amend Art. 1, Sec. 10 to end the limitation to gold and silver coin as tender in payment of debt.
And add the recognition and protection of private promissory notes (i.e. coupons) as lawful money.
In other words, any laborer or business can emit notes denominated in goods and services in lieu of dollars and cents.
This basically destroys the need for unemployment insurance and public charity, as well as the public debt (and 'dollar bills').
Imagine, you're out of work so you go to the local store, and buy your groceries with a note denominated in hours of labor. Eventually, someone will come to redeem your note for you to discharge by working. As long as you keep discharging your notes, you can keep emitting new notes. No need to borrow, at usury. No need for public charity.
Imagine a businessman who simply pays for his raw materials, labor and overhead expenses with notes (coupons) denominated in what he will produce. He doesn't have to pay investors a cut. And every holder of his note is a prospective customer, eliminating the need for advertising. Once all his notes are discharged, any subsequent sale is all profit. And he can keep issuing more coupons / notes to expand, as needed.
Prospective employers don't have to search for employees - just trade for outstanding notes. Likewise, laborers don't have to search for jobs. Whoever is a holder of your note may be your employer. And you've already been "paid" before you discharge your note.
A corporation could pay dividends in the form of notes denominated in what the corporation produces or provides. GM could emit coupons denominated in cars and trucks (or portions thereof).
The End of the Money Drought
In such an organic money token system, everything available for sale (labor / goods) has a corresponding note / coupon in circulation. NO need to fight for market share or a bigger slice of the finite money pie to pay investors. No bizarre games of speculation, deflation or inflation. Best of all, private money is not a government privilege, and cannot be subject to an excise tax.
Losing one's job is no longer a tragedy nor a crimp in the economy. Liberty money frees the people from the chains of money madness and usury. It also puts everyone to work. . . those who are emitting notes, that is. What would you do if you wound up with notes owing you hours and hours of labor? Have them clean your garage, paint your house, trim the grass? Boom time! Busy busy busy.
Who needs government debt-notes, borrowed at usury into existence? Void the public debt for fraud - and wipe out all those worthless IOUs (federal reserve notes).
Unfortunately, it would also turn billionaires into zero-aires, and collapse all banking institutions. D'Oh!
It's simple: allow unlimited tax-deductible contributions to 401(K)s, and let people collect 401K(s) as early as age 40. This would encourage the young generation to save, not spend, which would stimulate investment in growing our economy. It would also make it easy to get rid of Social Security and would cut off the flow of income tax dollars to the government.
That's OK if you live with mom and dad. Most families don't have the kind of income that would allow large contributions to a 401K. After the grey starts to show periods of unemployment could be long.
Your view of money is not the same as the younger generation- Many now want to work for cash-- yea tiny entrepreneurs are all over the place and not talking to SSI or IRS-- hmm hmm they have lap tops and even though not big league,,, this is whats going on-- remember these will make our laws on day-- we are HISTORY
The government does not want people to save. They want people to spend what they have, and then some as our economy is based on consumption. Not having any savings makes people dependent on politicians, which is a nice bonus for them too.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
