The Answer To 1913 Is 2025: 3 Charts That Show Why The Income Tax, The IRS And The Federal Reserve Should All Be Abolished

Citizen Watch Report ^ | Michael

[davikkm]

Most Americans don’t know that for much of U.S. history there was no federal income tax and there was no central bank. But now everyone assumes that we must have a federal income tax and a central bank in order to have a functioning society. Today, there are just a handful of nations that do not have an income tax, and more than 99 percent of the entire population of the globe lives in a country that has a central bank. Of course the two work hand in hand. A central bank creates a spiral of borrowing that is meant to be unbreakable, and an income tax is necessary to service payments on that debt spiral. It is not a coincidence that a federal income tax and the Federal Reserve were both established in 1913. Since that time, we have piled up the biggest mountain of debt in the history of the world, and that is precisely the outcome that the system was designed to produce.

So what is the solution to this colossal mess?

The answer to 1913 is 2025.

This year, we are seeing things get proposed in Washington D.C. that once would have been unthinkable.

For example, Commerce Secretary Howard Lutnick just told Fox News that President Trump wants to “abolish the Internal Revenue Service”…

[logi_cal869]

A useful discussion.

Looking forward to more leftist talking heads melting down.

[ClearCase_guy]

We could use a gold standard too.

[exnavy]

I have come to this conclusion years ago.

[Diogenesis]

The Social Security Commissioner stepped down one day
after Elon Musk claimed that the Social Security apparatus
might be the biggest fraud in history after DOGE uncovered
that millions of people in the database are over 110 years old.

3.6 million between 110-119

3.5 million between 120-129

3.9 million between 130 - 139

3.4 million between 140 - 149

1.3 million between 150 - 159

According to Elon, there are far more eligible social
security numbers than there are citizens in the United States.

[marktwain]

The assumed premise of the article is a central bank is designed to promote the accumulation of a mountain of debt.

I would like to see proof of this. I have never seen any indication it was part of the design of the federal reserve system.

What I have read is the federal reserve system was designed to stop the boom-bust cycle which created great crises when the nation was on the gold standard, and to stop the repeated private bank failures.

The author claims we got rich because of borrowed money; I claim we got rich because of technological innovation in a petroleum based society, all fostered by the higher level of freedom in the USA, as well as pax Americana.

[fso301]

Why leave off sending selection of senators back to the State Legislature’s?

[nopardons]

BTTT

[tired&retired]

Here is an interesting chart put out by the IRS.

“Statistics for tax returns with the Earned Income Tax Credit (EITC)

Below are statistics on current and previous years Earned Income Tax Credit (EITC) return by states. The table shows the number, total amount, and average amount of EITC claims by states. “

https://www.eitc.irs.gov/eitc-central/statistics-for-tax-returns-with-eitc/statistics-for-tax-returns-with-the-earned-income

[sauropod]

bkmk

[LastDayz]

Well lookee there.... Texas is running #1. Hmmmm.... wonder what that indicates.

[Buckeye Battle Cry]

Lord in Heaven above, please let me live long enough to see the death of the income tax and the end of the Federal Reserve Bank.

[Mean Daddy]

Amen. Companies have become default tax collection agents of the IRS. Abolishing the IRS is the best option IMO but if it were to remain, take taxation out out of companies and make people write a check once a year to Uncle Sam & a true revolt will occur.

[tcox4575]

While we can all probably agree that the national debt is outrageously high, those numbers need to be put in context as a percent of actual GDP.

[If You Want It Fixed - Fix It]

If we legalized all drugs....we could save so much.

[cuz1961]

would like to see proof of this. I have never seen any indication it was part of the design of the federal reserve system.

\/
. you sir

are either a moron or a liar.

i could go in depth about how wrong everything you said , but it would do no good

cuz,, you are either a moron and wouldnt understand it

or youre a narrative control cubicle glowie commie liar who would never cop to truth or the long con.

SPIT

either way a waste of time. ( business and banking degree program in college so dont try the accusation i dont know what im talking about, i do. 3.95 gpa)

[tired&retired]

For the same reason that California is close behind.

I would love to see that chart by ethnic origin...

Or by major city..

[Sequoyah101]

The assumed premise of the article is a central bank is designed to promote the accumulation of a mountain of debt.

Sort of. If you want to try to understand the Reserve take the time to watch Edward Griffin on the Fed:

https://www.youtube.com/watch?v=lu_VqX6J93k

I would like to see proof of this. I have never seen any indication it was part of the design of the federal reserve system.

What I have read is the federal reserve system was designed to stop the boom-bust cycle which created great crises when the nation was on the gold standard, and to stop the repeated private bank failures.

As Griffin mentions, the Fed has not prevented much in the way of economic downturn. The Great Depression, The Great Recession, The Perfect Storm of Climbing interest rates and a falling market and any number of multiple recessions since 1913. Tell me about how the Fed has stabilized the economy.

The author claims we got rich because of borrowed money; I claim we got rich because of technological innovation in a petroleum based society, all fostered by the higher level of freedom in the USA, as well as pax Americana.

I agree. The banks got rich because of borrowed money and the payments were made because innovation and productivity was able to pay the money and the interest back.

Problem is, it is all funny money after some point but the banks don’t care. Their books show lots of ability to buy stuff.

[marktwain]

Tell me about how the Fed has stabilized the economy.

---

I never said it worked, or worked perfectly.

I said: “What I have read is the federal reserve system was designed to stop the boom-bust cycle which created great crises when the nation was on the gold standard, and to stop the repeated private bank failures.”

It appears to have mitigated the crashes, but that may be because of a high rate of change producing high productivity as much or more than monetary policy.

It seems to have done a pretty good job of stopping the private bank failures.

[Albion Wilde]