Monday, February 12, 2007

Larry Kudlow - Repeal the 16th Amendment

Abolish the 16th amendment.

You remember, that's the one that legalized the income tax way back in 1916, under Woodrow Wilson.It was passed by Congress in 1913, and then ratified by three-fourths of the states three years later. If I remember correctly, the original top marginal tax- rate was something like 2%. Think of that.

So, if the 16th amendment were repealed, I'm ready to deal on a consumption tax. But that's the only way I'd go there.

Read more and comment here.


Blogger FredMarshall1937 said...

Have Ed and Elaine filed notices of appeal yet? If not, some good ideas can be found here:

Pro se Notice of Appeal

12:00 PM  
Blogger FredMarshall1937 said...

I've read a lot over the past few years regarding proposals for flat taxes and fair taxes and value-added taxes, and never cease to be amazed at the ignorance which afflicts the general public.

The Grace Commission Report (1984) shows that income taxes do not fund the services we get from government, but rather are used to fund the lavish lifestyle and operations of the IRS, and to pay interest to the Federal Reserve on the imaginary national debt.

If we could get Congress to repeal the Federal Reserve Act and the 16th Amendment, then Title 26 could be revised and simplified so that its applicability ONLY to foreign commerce, plus the manufacture, storage, transportation, and sale of alcohol, tobacco, firearms, and certain controlled substances could be clarified.

Suggesting that it be "replaced" by ANYTHING is like asking your doctor to replace the wart he just removed from your face with a mole.

How dumb can people be?

12:12 PM  
Anonymous Scott said...

I'll go you one more. Because you recieve nothing of value for your wages, income, return in investments etc. You owe nothing to the I.R.S., government or anyone else for that matter. The only thing you recieve for your efforts is a promisary note "period" otherwise known as a check-(a promise to pay). Even if you recieve Federal Reserve Notes they are still just notes-(a promise to pay). When will you get PAID you ask? When there is something to pay you with. Federal Reserve Notes are NONREDEEMABLE (meaning the Federal Reserve is not REQUIRED to give you GOLD or SILVER when you go to redeem them) they are backed by nothing of value. They even admit they hold no value. Look on any Bill it says THIS NOTES IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE. It is just evidence of a debt it is not lawful money. Lawful money has been taken out of circulation long ago. So if you have recieved nothing of value for your efforts what could you possible owe? The sooner this country understands this the more free we can become.

They actual value of any Federal Reserve Note can be determined by the B.T.U.'s they emit when being burned.

2:37 PM  

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