The following is from American Affairs magazine, January 1946 issue:
". . . given control of a central banking system and an inconvertible currency [a currency not backed by gold], a sovereign national government is finally free of money worries and needs no longer levy taxes for the purpose of providing itself with revenue. All taxation, therefore, should be regarded from the point of view of social and economic consequences."
From that same article, Beardsley Ruml, chairman of the Federal Reserve Bank of New York at that time, wrote:
"The . . . purpose of federal taxes is to attain more equality of wealth and of income than would result from economic forces working alone."
Then in February 2009, G. Edward Griffin wrote:
"The federal government now could operate - even at its current level of spending - without levying any taxes whatsoever."
These three quotes taken together are staggering. If they are true, they basically are saying that our government's Federal Reserve System is so effective as to "create" money out of nothing sufficient to cover its enormous spending needs. The Federal Income Tax Code is then superfluous. However, who can imagine the government not taking money it has gotten hundreds of millions of us accustomed to giving? Instead, these tax dollars are for the purpose of class warfare and the redistribution of income - in other words, statist control and socialism in support of our burgeoning welfare state.
The more I scratch this itch the more I realize why first Thomas Jefferson and then later Andrew Jackson worked so vehemtly to dismantle the national banks of their eras. Is it even possible for someone to do it a third time?
(Below are some images representing the fights Jefferson and Jackson had on their hands as they both struggled, ultimately successfully, to rid the United States of a national banking system. Click on each to enlarge).
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