Birdnow's Aviary

September 07, 2022

The Purpose of Taxes

Chester McAteer

Beardsley Ruml, was the Head of the NY Federal Reserve in the late 40s. He wrote a very interesting and rather shocking admission about the fact that taxes are obsolete for Federal revenues due to the introduction of the Fiat Money Substitutes. He said essentially that there are only three reasons to maintain taxes on the American people, none of which were revenues. It might surprise most people to hear that the government didn't need to tax people or companies, proof of that can be found in the enormous national debt that can and will never be repaid.

Ruml stated that taxes have three purposes:

*To enforce legal tender laws so the American people would be forced to use Federal Reserve Notes as currency.

*To redistribute wealth.

*To maintain social control over the people by the government.

Quite a ruse don't you think?

Posted by: Timothy Birdnow at 10:10 AM | Comments (7) | Add Comment
Post contains 149 words, total size 1 kb.

1 Well, unfortunately, it's working.

Posted by: Dana Mathewson at September 07, 2022 11:55 AM (oFZ1t)

2 Well, he missed the most frequently stated purpose of taxes as cited by MMT theorists, which is to avoid inflation by reducing consumer spending. Taxes reduce the amount that consumers have available as "discretionary spending" money, so they buy fewer consumer goods, thereby driving down demand for those consumer goods and controlling inflation.

Posted by: Bill H at September 07, 2022 01:53 PM (Q7br2)

3 Very informative article. The best article on this important subject is actually this one. SMM Panel India intends to spread

Posted by: smmheart at September 08, 2022 04:36 AM (ZLIw9)

4 It is Dana.

Posted by: Timothy Birdnow at September 08, 2022 07:34 AM (u6quR)

5 That's a good point Bill. I think they are profoundly wrong using it to do that (I've never bought into this "inflation is caused by too much consuming" busienss - it's a monetary problem) but I have little doubt that is one of the intents of it.

Posted by: Timothy Birdnow at September 08, 2022 07:36 AM (u6quR)

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Posted by: Kanpur Matka at September 18, 2022 06:20 AM (2CCwl)

7 tax people or companies, proof of that can be found in the enormous national debt that can and will never be repaid.

Posted by: Breitling Replica at June 03, 2023 10:05 PM (SUYyh)

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