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      Summary: Let the SS ObamaCare Ship Sink The Republicans in the Senate finally unveiled their version of ObamaCare Repeal & Replace.  It’s very heavy on replace, but there really isn’t any repeal. They are replacing it with something that may even be worse. Regardless, we still should let the ObamaCare ship sink while it’s called […] The post Senate Plan […]
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      Summary: Every tax cut is temporary. Ryan’s premise that we can’t get the stimulus we need without a permanent tax cut is complete nonsense.  Congress has no idea what the budget’s going to be next year, let alone 10 years from now. The only budget that really counts, and even then they can’t get it […] The post All Tax Cuts Are Temporary – Ep. 260 appeared […]
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      Summary Quantitative Tightening Ahead: The Federal Reserve came out with a surprisingly hawkish rate hike today, announcing plans to  shrink the balance sheet by $50 billion per month.  This would mean an annualized rate of $600 billion per year in new treasuries to hit the market. This does not take into consideration existing budget deficits or […] The pos […]

1913, the Year of Infamy

Today is a sad day in America in that it’s the day our income taxes are due. Unfortunately, this tax didn’t always exist, and in fact America ran fine without any income tax for the majority of its existence. The federal government remained small, and received the majority of its funding through tariffs, excise, corporate, and payroll taxes.

However, a movement by political elitists in both parties started to arise in the early 20th century. This movement wanted a 16th amendment of the constitution that would allow the government to levy a direct tax on people’s income. It finally came to pass in a shady and shameless fashion during the first year Woodrow Wilson was elected president. At the same time, and absolutely being no coincidence, came the Federal Reserve Act which established America’s third national bank. This was, and still is, a private corporation but virtually a Government sponsored monoploy. Even the name, Federal Reserve, is an oxymoron in that it’s not federal and it has no reserves. The reason it wasn’t a coincidence that it came about the same year was that it would come to control our monetary system, having the privilege to print money and loan it to our government at interest. How was all this interest going to be repaid? Here comes in the lovely Income Tax.

In Wilson’s memoirs he lamented that he sold out America to special interests and international bankers. He was right. Since the inception of the Fed and the income tax, our dollar has lost 97% of its value, government size and power have grown out of control, and we are now slaves to our own debt.

It’s time for this madness to stop. We need to repeal the income tax and end the Federal Reserve, cutting the cord that feeds the Leviathan. It’s time for America to take back our country after having it sold out for almost 100 years. It’s time for a real revolution.

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