Let us stir things up. Abolish the 16th Amendment

Jeslek

Banned
Quote from: http://www.alliedconservatives.com/ubb/Forum31/HTML/000150.html

The 16th Amendment was passed in 1913 as a ticket for the Federal government to pay for things like roads,bridges and stuff like that. Now politicians promise people YOUR money in return for their votes.
Because of the 16th amendment the government has grown into a big,bloating democracy. People have trouble paying their bills for necessities like phone,water and heat, because the politicians tax them too dag gone much. If the 16th amendment is abolished then people can get more of their money back but the government will have to find another way to fund things. The Democrats would no longer be able to control things in Washington.libertarians say that private charity would be alot better. Helping the sick and clothing the sick should be a private matter and not up to the big government bureacracy.Private Charity could accomplish alot more things then the government ever could. Abolishing the Income tax will return not only the money back to the people,it would also return this country close to the government which it was founded on.

What is your opinion on that? The original concept from Washington, Jefferson, Adams, Franklin, Locke, et al., never, EVER included a federal banking system. Without a federal reserve and backing our money by bullion (at the Department of the Treasury) there will be NO INFLATION. At least half of the government can be disolved, and more money can go back to the people where it belongs.

The Federal Reserve Act was passed under Woodrow Wilson in 1913. It was heavily supported by Colonel House, who did some very questionable things.

Lets get rid of it.
 
A simple majority vote in both houses of Congress is all that is required to repeal the Federal Reserve Act. Section 31 of the Act states that "The right to amend, alter, or repeal this Act is hereby expressly reserved". A repeal of this Act by Congress would wrest from the Federal Reserve Bank, the nations privately owned central bank, the power it presently holds to regulate the nations money supply. Congress would assume this responsibility, granted to it by the Constitution, but surrendered by it to the Fed in 1913. The nation's monetary system would automatically be transferred to its rightful owner, the citizens of the United States.

The Constitution of the United States, article 1, section 8, says that "The Congress shall have the power to coin Money, regulate the Value thereof, and of foreign coin, and fix the Standard of Weights and Measures". Our founding fathers intent was that the American citizen, acting through his elected representative in Congress, would reserve the power to regulate the value of his own money. The founders believed that such congressional control of the money supply would preserve the value of the dollar as both a stable means of exchange and as a consistent storage of capital. The constitutional system views money as a simple instrument of exchange. The system we presently have, the Federal Reserve System, views money as a debt instrument and a mortgage against our ability to create capital in the future.

The Constitution authorizes Congress to create and store gold and silver coin and then to circulate gold and silver certificates, redeemable in coin, into the economy. These redeemable certificates would serve as paper money. Congress, under the Constitutional system, would regulate the value of money by deciding how many certificates to circulate. In order to insure the maintenance of honest money, the quantity of certificates Congress would circulate should be pegged to an estimate of the level of exchange of goods and services at a given time, which is known as the gross national product.

The interests of the wage earner, investor, trader, and saver, is served by an objective and disinterested policy of determining the quantity of money circulating in the economy. If more money is circulated than is needed in order to meet the gross national product, inflation is the result. Inflation erodes the value of the dollar, which leads to a driving up of prices in order to meet production costs. The value of investments and savings are, subsequently, watered down. This is why inflation has been referred to as a back door tax.

If not enough money is circulated into the economy to meet the gross national product, the result is deflation. Deflation results in an economic contraction, which leads to mortgage and loans foreclosures and widespread bankruptcy and unemployment. There is simply not enough money in the economy to pay the bills.

The stock market crash of 1929 was the result of a dramatic manipulation of the nations money supply by the Federal Reserve. First, a runaway inflation was created when the Federal Reserve issued a quantity of money vastly greater than the GNP. This was followed by an equally dramatic, and sudden, contraction of the money supply resulting in deflation. Businesses, investors, mortgage holders, and individuals who had overextended themselves with inflated loans, and purchased goods and services with inflated dollars at inflated prices, suddenly discovered that there was not enough money to pay these debts. Properties and businesses were, subsequently, foreclosed upon by banks, particularly those banks affiliated with the Federal Reserve.

The Federal Reserve, which is not part of the government, but, rather, a private cartel controlled by member banks and investors, is responsible for the ongoing and excessive boom and bust cycles. These are the result of the Fed's manipulation of the money supply. The Fed bases its actions, as any private corporation does, upon what it perceives to be in the best interests of its shareholders. This is why it shouldn,' be entrusted with the management of the nations money. We the citizens have a right, articulated on our Constitution, to directly manage the value of our own money and in our own interest.

Congress has the power to dissolve the Federal Reserve and should exercise this prerogative before we enter into yet another period of inflation or stagnation. The Federal government would be obligated to buy back its stock in the Federal Reserve, which would cost about 1 billion dollars. Section 7 of the Federal Reserve Act says that if the Fed is dissolved, the surplus becomes the property of the United States. The Fed is estimated to be worth, according to its own March, 1982 issue of the "Federal Reserve Bulletin, $168.5 billion, with an additional estimate of $92 billion in gold, which comes to a grand total of $250 billion dollars". This money would revert directly to the U.S.Treasury.

Congress, acting on the advise of a proposed National Monetary Fund, would then authorize the U.S.Treasury to issue redeemable gold and silver certificates into the economy commensurate with the gross national product. The Treasury could then loan the certificates, at a low interest rate of no more than 3%, to the nations banks, which would than mark up the cost of the money to qualified borrowers. The interest paid by the banks to the government could be used to pay for services presently paid for by direct taxation. This could eventually lead to a scrapping of the income tax altogether.

The American Revolution was fought to preserve the concept of private ownership of property. At the Boston Tea Party, the patriots declared, "Taxation without representation is tyranny" as they tossed the British tea into the harbor. Our representatives in Congress surrendered that most basic expression of property, money, to a private cartel, which represents the same principles today as the British tyrant did to our brave patriots in1775.

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If there were no government-subsidized road/bridge operations, towns would have to form commitees and get together and hire people on their own to do it. It probably will cost just as much money, but I think it would be much better knowing that we really will spend it on fixing up places instead of using it for god-knows-what like the politicians are doing now.
 
Bah, Americans. :D


If you did get rid of your Federal Reserve, would that make Canada's dollar rise in value against the U.S. dollar? If so, I am all for it! :D

63-64 cents just doesn't cut it. We pay about 36% more for a vacation to Disneyland than someone from say, Washington D.C. would. Shity frickin Canadian dollar. We get good news about our economy; our dollar goes down. The U.S. gets bad news about their economy; our dollar still goes down. When nothing major happens; our dollar goes down. Then one week it'll shoot up a cent, and the week after it'll go down 1.5 cents. :grumpy:

Sorry, I just had to let off a little bitch of steam. :D
 
Your not talking about a simple reversal of an ammendment here. You're talking about restructuring our whole society... education, health care, social security, national defense, legislation, law enforcement.... everything would have to be rethought to work well or at all under the new system.

I'm not saying it can't or that it wouldn't be better, just that it's an almost overwhelming idea. I don't think it would be taken seriously for just that reason. Hell, the change would probably cost a fortune... enough to offset the savings for a few years or so.
 
This is the scope of the federal government. Why has it been added to?

The Constitution of the United States of America

We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.
 
I have no problems paying taxes. I do have a problem paying taxes to support large, independent, wealthy corporations (see the just signed farm subsidy bill). I also have a problem supporting welfare recipients who are able to work, can work & should work. If I, the laziest mofo in NoAmer have to work, so do they. Roads are general welfare, not Babs the slut & her 13 illegitimate kids or Bob the builder because he got a fucking splinter in his hammering thumb.

8% off the top. No deductions. No automatic yearly increases in appropriations. No speccial lunches for the Speaker & his staff at our expense. And put down the per diem pipe yer smokin' Sen Lott.
 
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