In his book "Bully Boy: The Truth About Theodore Roosevelt's Legacy," Jim Powell writes that prior to the imposition of the income tax in 1913:
Many Americans...resented the very existence of great fortunes, apparently never stopping to think that they came to be in large part because entrepreneurs were providing newer, better, and cheaper goods and services that consumers desired. Lists of the wealthiest Americans were compiled, and claims were made about their share of the total wealth in the United States, as if anybody knew the total value of all the land, homes, factories, tools, and other assets in the country. Progressive social critics implied that it was unfair for some people to be rich while others were poor. (my emphasis)Interesting...
Well, we've now had 100 years of the Progressive Era's poison: the income tax, the Federal Reserve, the Military Empire, the huge Welfare State, constant war, and mass death like the world has never seen before.
Here's the story in 2014:
New Forbes list: 1,645 billionaires, $6.4 trillion net worth. Such massive wealth is likely a forerunner of social instability.
— Jeffrey D. Sachs (@JeffDSachs) March 8, 2014
Critics? Check.
@AnneKasmar The wealth gets more and more lopsided. Your thoughts? How about a wealth tax to take on the greatest social challenges?
— Jeffrey D. Sachs (@JeffDSachs) March 8, 2014
How about "a wealth tax" he says!
I say, how about scrapping the entire Progressive Era apparatus that has bled everyone (that is not a politically-connected crony) dry?
How about we let Liberty pick up the pieces?
Chris Rossini is on Twitter
Enough complaining. How about we build a new social structure that's not based on stealing. Any ideas?
ReplyDeleteRepeal the 16th Amendment. End the Fed.
DeleteRepeal the government.
DeleteThat's a start. Then, how about the tribal chief and all the witch doctors.
DeleteThe best book on envy is Helmut Schoeck's "Envy: A Theory of Social Behavior." Schoeck argues convincingly that the economic development of the West was possible only because Christianity found a way to limit the effects of envy. As Christianity declined in the West, envy grew. If you want to create a society not based on theft we need to revive traditional Christianity. rdmckinney.blogspot.com
Deleteenvy....?we'll see...
DeleteThe Death of Paper Money
Speaking in Congress, the day before the Act was signed into law by the President, Congressman Charles A. Lindberg, the father of the famous aviator, said: "This Act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed. The trusts will soon realize that they have gone too far even for their own good. The people must make a declaration of independence to relieve themselves from the Monetary Power. This they will be able to do by taking control of Congress. Wall Streeters could not cheat us if you Senators and Representatives did not make a humbug of Congress. The greatest crime of Congress is its currency system. The worst legislative crime of the ages is perpetrated by this banking bill. The caucus and the party bosses have again operated and prevented the people from getting the benefit of their own government."
In a speech on June 10, 1932 in the House of Representatives in which he denounced the Federal Reserve, Congressman Louis McFadden said: "Some people think that the Federal Reserve banks are United States Government institutions. They are not Government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into States to buy votes to control our legislation; and there are those who maintain international propaganda for the purpose of deceiving us and of wheedling us into granting new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime."
http://www.gold-eagle.com/article/death-paper-money
And how much of this wealth was fostered by tarp, zirp, and qe policies coupled with mark to fantasy accounting?.....envy....????????????????
ReplyDeletefuck off.....it's not envy....it's the elitist scum bags robbing us blind that people are upset with...and getting away with it in plain sight.
Culture of Greed and Arrogance: Minutes Show Bank of England was Aware of Currency Rigging Eight Years Ago
ReplyDeleteCulture of Greed and Arrogance
Where the are the criminal indictments? 20 people fired? Is this it? Are we to presume no one at the top of these organizations knew and approved of this rigging?
This is part of the overall culture of greed and arrogance fostered by central banks globally. No matter what the "too big to fail" banks do they are bailed out at taxpayer expense every time they get into trouble.
Bernanke stated his biggest mistake was letting Lehman fail. The records show Lehman, Citigroup,Bank of America, AIG, Fannie Mae, Freddie Mac and countless other financial institution "did" fail.
It was not a matter of "letting them fail" they already did. It was a matter of bailing them out, and Bernanke wanted to bail more of them out, including Lehman.
On top of it all, no one was held criminally responsible for the collapse in mortgage-backed securities, no one was held responsible in LIBOR rigging, no one has been held responsible for anything to date, and no one will be held responsible for currency rigging either.
All we have seen is a series of fines (coupled with executive high-fives over escaping any serious charges) no matter what any of these corporations do.
Read more at http://globaleconomicanalysis.blogspot.com/2014/03/culture-of-greed-and-arrogance-carney.html
religion???????how about the rule of LAW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!