Posted on 01/04/2013 12:51:00 PM PST by SeekAndFind
Is this in any way similar to the EO on currency that JFK issued? The one that some think may have led to his assassination?
The original concept for this idea allegedly came from someone at the American Enterprise Institute. Not exactly a raving left-wing loon factory.
Then again the Obamacare mandate had its origins in a white paper put out by the Heritage Foundation.
God save us from people who think they’re smarter than the rest of us sitting around Washington, D.C. brainstorming all day.
but at least the Chinese will have cheap lettuce!
Theory: All money is nothing more than an IOU. Money is a unit of transfer. It transfers the value of goods or services. Money let's you transfer the value of a good or service to another use, good or service.
Fact: Our government is empowered to print money.
Would it be possible for the Government to pay for itself, WITHOUT taking taxes from the governed?
No taxes, except maybe small, "use taxes".
Theory: With US FED print of money to pay it's bills, there would be no appreciable inflation hit, because our trillion dollar economy would generate a more robust GDP. 6 or 7% growth per year or more!
No taxes and print money
Heck, make a couple hundred of these coins and declare them worth eleventy quintillion. No taxes, free houses, free food, free gold plated Obamaphones for all.
This is exactly what the Germans did after World War I, in an effort to get rid of their debt. The subsequent inflation ruined the country’s economy.
Present law allows the Treasury Secretary to mint coins out of platinum and assign a value to them. He can’t do that with copper or any other metal.
Or just a minimal tax like 3% of income with no deductions.
We suffer from Stockholm syndrome on taxes.
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