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The heated presidential race in the U.S. has been garnering its usual amount of attention. As we near the primaries here in the states (or the corporations as I tend to refer to them), I notice more slight of hand being proposed when it comes to the present tax system. More precisely, the plans in hand to take the place of the current system.
Ron Paul seems to have a handle on this and isn't being fooled by the Arkansas Governor's introduction, while hardly a new proposal, to institute a nationwide sales tax. In essence, you get all of your money minus state income tax and tax is based on use. It also means a tax on food, prescriptions, and the like. It would also mean that more gambling winnings would be taxed, or so they say. There are a couple of problems here.
1) The U.S. has unbacked currency. The use of fiat money, paper money, has been strongly discouraged by many of the forefathers of the U.S.A. and rightly so. So regardless of how the tax is collected, citizens are still hit with the invisible tax-inflation. As the Fed rolls out more and more dollars the value becomes less and less.
--and--
2) With the Federal Reserve of the U.S. controlling the money supply and reaping the income taxes from U.S. Citizens to pay the interest on the debt, this "new " approach doesn't solve the deeper illness. That of course, is an illegal, non-federal entity raping the middle class and getting wealthier and more powerful with the drop of every penny of U.S. fiat money.
In short, the National Sales Tax is a slight of hand that simply changes the way the crooks in the "World Banks" get their interest from the compounding U.S. debt. I would hope the citizens of the United Corporations of America would be insightful enough to catch this. "They're" betting the citizens aren't that astute.
So without any further ramblings, I'll present this issue of Distant Shore
Magazine. Enjoy.
MC Kopfer
