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Bank Bailouts vs. Loans: The Myth

Socialism cannot compete! pretty much hit the nail right on the head as far as income taxes go. I STRONGLY recommend checking out the history of the income tax in the U.S. -- what you find will likely surprise you (Example: The U.S. SUPREME COURT decided in 1895 that the Income Tax was UNCONSTITUTIONAL. The constitution hasn't changed since then.... so what mad the government decide it was OK to be unconstitutional in the name of prosperity?? Answer : Greed.)

I firmly believe a restructuring of government revenue is in order if we hope to reduce its ever-growing power (and not surprisingly its ever-growing debt). Abolish income tax altogether and possibly increase sales tax on a marginal basis (say higher rates for more expensive and "luxurious" non-necessity goods/services) to keep both the government AND consumer modest in their spending practices and thus increasing economic stability. Although this may sound great in theory, I believe the reality is that we are past the point of no return and nothing short of a revolution would change the minds of the current governing body.

Type in "History of the income tax" at your favored browser and do the research yourself.