Government is always limited to how much it can tax the people directly. People will ultimately rebel against high taxes. So, as a workaround, a monopoly was granted to The Federal Reserve. If the government wants money, The Fed can just print it. The people will still pay for this, of course, but not directly. They'll pay when they see rising prices in the marketplace. The government can just blame something else as the cause. Inflation is the worst tax of them all.
Just two days after speaking with Russian President Putin by phone, and suggesting a summit, President Biden has hit Russia with another round of sanctions - including an attack on the Russian currency. The reasons given for this "national emergency" include the seven year old return of Crimea to Russian control and the still-unproven allegations of Russian election meddling, hacking, and placing bounties on US soldiers' heads in Afghanistan.
Orange County officials have announced that they are launching a "vaccine passport" system to make people feel "safe." While Biden has claimed no interest in a federal system, will increasing pressure, primarily from "blue" states, push the Administration to change its tune? Which state or county is next to demand us to "show your papers!"?
Subscribe to free updates from Ron Paul Institute. Let's keep in touch! http://ronpaulinstitute.org/subscribe
The Biden Administration is becoming even more bellicose toward Russia and China over "crises" in Taiwan and Ukraine. Meanwhile US-backed Israel is attacking Iranian nuclear facilities. During the Cold War the hawks always pushed for the ability to fight a two-front war. Can a US military already bogged down for 20 years fight a THREE front war? Will someone in Washington display some common sense?
By Ron Paul
Treasury Secretary Janet Yellen has proposed that governments around the world require payment of at least a uniform “global minimum corporate tax.” A motivation for Yellen's push for a global minimum corporate tax is fear that the Biden administration’s proposed increase in the US corporate tax will cause some American corporations to flee the US for countries with lower corporate taxes.
President Biden wants to increase corporate taxes to help pay for his so-called infrastructure plan. The plan actually spends more on “progressive” priorities, including a down payment on the Green New Deal, than on infrastructure.
Much of the spending will benefit state-favored businesses. For example, the plan provides money to promote manufacturing and electric vehicles. So, the idea is to raise taxes on all corporations and then use some of the received tax payments to subsidize government-favored businesses and industries.
The only way to know the highest valued use of resources is by seeing what goods and services consumers voluntary choose to spend their money on. A system where the allocation of resources is based on the preferences of politicians and bureaucrats — who use force to get their way — will be less efficient than a system where consumers control the allocation of resources.
Thus, the greater role government plays in the economy the less prosperous the people will be — with the possible exception of the governing class and those who make their living currying favor with the rulers.
Yellen’s global corporate tax proposal will no doubt be supported by governments of many European Union (EU) countries, as well as the globalist bureaucrats at the Organization for Economic Cooperation and Development (OECD). For years, these governments and their power-hungry OECD allies have sought to create a global tax cartel.
The goal of those supporting global minimum taxes enforced by a global tax agency is to prevent countries from lowering their taxes. Lowering corporate and other taxes is one way countries are able to attract new businesses and grow their economies. For example, after Ireland lowered its corporate taxes, it moved from being one of the poorest countries in the EU to having one of the EU’s strongest economies. Also, American workers and investors benefited from the 2017 tax reform’s reduction of corporate taxes from 35 percent to 21 percent.
Yellen and her pro-global tax counterparts deride tax competition between countries as a “race to the bottom.” In fact, tax competition is a race to the top for the countries whose economies benefit from new investments, and for the workers and consumers who benefit from new job opportunities and new products. In contrast, a global minimum corporate tax will raise prices and lower wages, while incentivizing politicians to further increase the minimum.
A global minimum corporate tax will also set a precedent for imposition of other global minimum taxes on individuals. This scheme may even advance the old Keynesian dream of a global currency. The Biden administration is already taking steps toward a global currency by asking the International Monetary Fund to issue more special drawing rights (SDRs).
Global tax and fiat currency systems will only benefit the world’s political and financial elites. In contrast, regular people across the world benefit from limited government, free markets, sound money, and reduced or eliminated taxes.
The CDC has quietly added a link on its website to a new study showing that surface transmission of the virus is extremely rare. Even if a person touches a "contaminated" surface the chance of getting infected is only one in ten thousand! So much for the billions of dollars shelled out over the past year on disinfectants and sanitizers. Somebody got rich! Also today; More Fauci word salad and United Airlines dangerous new "wokeism."
By Chris Rossini
Many who understand the superiority of the ideas of liberty simply give up. They see that the downward pull of totalitarianism continues at a relentless pace and come to the conclusion of "What's the point?"
This is an error in judgment.
The first error is in exclusively focusing on the effect. That is, in the expectation that your words are going to immediately change the minds of those around you who clamor for more authoritarianism.
It is human nature to want the achievement of your ends as quickly as possible. That is, we want things immediately.
This desire for immediacy is (of course) exploited. Take a look at how the vast majority of individuals, corporations, and governments are all being crushed under mountains of debt. This is what happens when the desire for immediacy is fed and enabled by money that is created out-of-thin-air by central banks.
Well, in the arena of ideas, it is natural for those who believe in liberty to want the effect of their speaking to bear fruit right now! And if the effects are not seen right now, the thought of giving up (or worse, i.e., actually joining the totalitarians) becomes enticing to far too many people.
But immediate adoption is not how the arena of ideas works.
Changing the world "right now" is the belief system that the totalitarians live under. They think they can forcefully implement their ideas of control through legislation, government coercion, and even outright violence.
It doesn't work.
This is why the totalitarians have a 100% failure rate over time. They come and go...come and go...come and go...
Human individuals are very complex. We're all exquisitely unique, with our own personal kingdoms located between our two ears.
No one...NO ONE...can force anyone else to believe what they don't want to believe. No amount of legislation, propaganda, or outright violence can force someone to believe what they don't want to believe.
This is a lesson that the totalitarians simply refuse to learn. Totalitarians suffer from a "God-Complex." They believe that they can arrange the world to their liking; that they can re-make it in their own image.
They can't. And won't.
The only consistent results that totalitarians have produced for mankind are mass death.
The job of the libertarian is not to change the circumstances as they are. It's too late for that. The circumstances exist because of what people have chosen to believe. That's how it works. Beliefs come first, and consequences follow.
So it's an error to look at consequences and say "What's the use?"
Instead, one must look at the consequences of creeping totalitarianism and say "What an opportunity!"
While we do not have the power to interfere with the effects, WE DO have the power interfere with the causes!
That is where the opportunity lies.
We do have the power to plant the seeds of the ideas of liberty. And that is the job of the libertarian....to plant!
And to not only plant, but to plant abundantly!
When a farmer looks out at his 500 acres, does he throw out a handful of seeds, or does he throw them out by the thousands?
When he throws out the seeds, does he start whining at the ground, saying "I want my harvest right now!"
No, of course not.
He knows that it doesn't work that way. There is no immediacy.
But he does know that the effect is built into the cause. He does know that the harvest will come as an effect. He does know that his job was to take care of the cause.
That's our job. Laser-like focus on the cause. Persistent speaking of the ideas of liberty. Sow the wind; reap the whirlwind.
The circumstances will ultimately reflect our efforts, whether it be today, tomorrow, in 10 years, in 100 years...whatever!
The truth never runs out of time.
"Vaccine Passports"? ... "War on Cash,"? ... The common thread is that these authoritarian ideas are war on our freedom. Total surveillance has been sought by authoritarians for thousands of years; always with the goal of trying to control how people move, or how they spend their money. The spread of the ideas of Liberty are necessary in order to save us from encroaching tyranny.
Just as many US states are seeing Covid numbers plummet, Klaus "trans-humanist" Schwab's World Economic Forum is pushing a new "smart mask" that not only tells you when to take a breath of fresh air: it also warns you to put it on if you've forgotten it. All tracked through your mobile phone. It is one more step toward China's Orwellian "social credit" system (in fact, the mask itself was developed by a Chinese firm!). And the billionaire elites want to shove it down our throats.
A month after Texas Governor Greg Abbott announced an end to all coronavirus restrictions, covid numbers continue to crash in the state. While Fauci was quick to attack Abbott's move to open Texas, when asked this week why the doom he predicted did not come about he had no answer. Also today: Baseball is back in Texas and vaccine passports are ruled out.