Post by John on Aug 27, 2018 20:44:27 GMT -5
I wouldn't doubt we are to some degree. To what extent, I don't know. Germany did that with their currency to finance the war till it was pretty much worthless. The whole system is crazy when you think about it. You get a piece of paper with dollar values printed on it, and you exchange it for goods and services. It is just paper. We only accept it because the government tells us it has value. I suppose it does so long as people continue to accept it. I go into the store and buy food in exchange for it, so it is valuable for that reason, but why do people accept it? It is all based entirely on the value of our labor, until they print money exceeding what we pay in taxes. Then comes inflation. I personally would support a return to the gold standard.
One thing that was mentioned earlier was income taxes and how they are not legal. It depends on your version of history. The Constitution was amended to allow an income tax, but tax protesters claim it was never fully ratified by the states. As much as I despise an income tax, and would prefer a consumption tax, I find property taxes even more vile. In a way, we never fully own anything, plus the tax is unfair. You have people that own nothing and pay no property taxes who can vote to raise property taxes. If you don't own property, you should not be able to vote on referendums dealing with property taxes.