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  • The Value of Financial History [View article]
    Thanks, David. Excellent as usual! Key line: "Why limit risk when the government has your back?" Accompanying that, let's mention socialist, entitlement government -- why work when the government has your back? And the confiscatory taxation government: why save when the government cuts rates to zero? This theme could be reiterated several more times, I'm sure...for each way that the government interferes incorrectly in our lives.

    My take? We need:
    1) Abolish the Federal Reserve.
    2) Abolish *all* confiscatory taxation -- income, property, gains, and inheritance taxes.
    3) Move to consumptive taxation.
    4) Balanced Budget Amendment
    5) Term limits for Congress.

    That would solve a whole lot. We could legally withhold taxation by choosing to not spend whenever the government acts unjustly or misallocates funds. Now, with the IRS, we go to jail -- because the government has a preemptive right to OUR money. This is critical, because the ability to defund the beast will help solve things that the above points don't address directly.
    Jan 06 15:32 pm |Rating: +4 0
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