[Pontiac]

It was a simple little thing, with rather large consequences for the republic. Prior to the income tax being instituted, the United States government managed to fund itself with various excise taxes, and duties on imports. Afterwards, such taxes pale into insignificance to the revenue generated by the income tax.

The power of the Federal government to borrow money in concert with the power of the Federal Reserve to Create money out of whole cloth exceeds the taxing power of the Internal Revenue Service by far.

As long as foreign entities hold US Dollars in reserve the US government's deficit spending allows the US Government to in essence tax the entire world.

I can not imagine that any country in the world is not paying tribute to the Empire of the United States.

[John S Mosby]

Until they stop paying it. Consider that possibility, and it is not impossible for it to happen. Chi-Coms seeking to take over reserve currency and succeeding at least in some countries.