Two of the Progressives’ great victories were the federal income tax and the Federal Reserve. Both need to go. The tricky part is what to replace them with.
The first thing LBJ changed after the Kennedy assassination was to put the Fed back on line. Many believe that was the real motive.
“Two of the Progressives’ great victories were the federal income tax and the Federal Reserve. Both need to go. The tricky part is what to replace them with.”
Perhaps replacing them is the wrong mindset. Progressives use that mindset to their advantage - for it puts the burden of proof on us to justify ridding ourselves of corrupt policies.
To pick an extreme example, let’s imagine that slavery was still a legally protected institution, and was deeply embedded into all aspects of our economy.
Should the burden of proof be on those opposed to slavery to explain how slave owners will survive in a post slavery economy? Or is it enough to simply oppose it on the basis that it is immoral?
I think it is the same with the federal income tax, and the federal reserve. If it is immoral for the federal government to plunder American citizens via income tax and fiat currency, then it must be stopped. Period.
How progressives deal with the lack of plunder is their problem, not ours. They are the vicious pirates, we are the innocent merchants. We don’t have to come up with a “revenue nuetral” plan for them, or explain how they will come out whole in a post piracy world.
Speaking specifically of the Federal Reserve, Thomas Sowell once said something like: “If you go to a doctor and he tells you that you have cancer and it must be removed, do you ask him what he is going to replace it with?”
I think it also applies to the federal income tax.
We need to go back and see what was working before both of those got enacted.
One of the biggest progressive boondoggles was the fed takeover of education.
Gee, what did we do before the feds got involved with that?