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So, if the 16th amendment were repealed, I'm ready to deal on a consumption tax.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.
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So, if the 16th amendment were repealed, I'm ready to deal on a consumption tax.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.
posted by The Freedom Fellowship at
11:24 AM
1 Comments:
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.
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