Funny Money, Part 2, by Late Nite LeRoy
April 18, 2000
English teachers should be the most angry people in America. Liars have intentionally twisted meanings of words just to make evil good and good evil. The realm of economics is a prime example. When I was studying to become a stock broker years ago, I was shocked to learn the phrase "refunding of corporate debt instruments" simply meant borrowing from one credit card to pay another. Consumers get in trouble doing this. Governments and corporations do it all the time. But they can do something we cannot, crank up the printing presses. The government has the Federal Reserve print it, then loan it to us at interest. Corporations issue more bonds, or better yet, initial or secondary public offerings.
Individuals must pay income tax on funds earned for survival. But businesses can deduct any expense that is necessary for their survival. And if an organization convinces the government that they are nonprofit, they side step income tax altogether. Or if a political cause is fortunate enough to get a billionaire to believe in them, a tax exempt foundation is started. Foundations get and make massive amounts of money but only pay a small fraction of income tax on the "profits" compared to what Joe Blow must cough up.
Now before we get into the 87 year old tax argument (remember my divide and conquer article) we need to step way back and look at this whole picture and see who painted it this way.
A band of crooked bankers and stock brokers railroaded both the Federal Reserve and the Income Tax acts though congress and onto Woodrow Wilson's desk in 1913. It was later challenged as to its constitutionality. So along came the 16th amendment in order to make it constitutional. At the site, http://www.thelawthatneverwas.com and in his book, Bill Benson has documented that the 16th amendment was never ratified, even though the federal government continues to act as if it was. So what can the little guy do? I don't know about you, but I don't stand up well to bullies with guns. So I continue to pay a tax man every year to figure out what IRS wants from me, and I keep sending my money in. What must be done though, is adopt a zero tolerance policy with ALL politicians. ANY politician that wants to continue any form of this pillaging of the population must be voted out of office. I only see one candidate for president talking about total dismantling of income tax and IRS, Alan Keyes. Although a few candidates in lesser known parties are trying also, I think the only hope for the country is a write in for Alan Keyes in November.
I cannot see how any intelligent person with any decent morals can consider supporting either Bush or Gore, since each one comes from the old boys network that has run this country into the ground with anti-Christian philosophy and rampant immorality. And they fund their lusts with a corrupt central banking system that keeps the rich getting richer and continues to squeeze the middle class closer to poverty.
--LateNiteLeroy
leroy@commutefaster.com
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