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To: goodnesswins

They don’t know the Federal Reserve and the income tax was created on the Honky Wilson’s watch.

Abolish the racist Federal Reserve and the racist income tax!


15 posted on 11/28/2021 7:42:23 AM PST by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: cgbg

“They don’t know the Federal Reserve and the income tax was created on the Honky Wilson’s watch.”

Maybe because neither one was.

Teddy Roosevelt supported an income tax in his 1907 SOTU speech. The resolution supporting the income tax amendment was part of 1909 Payne-Aldrich Tariff Act. The Amendment was circulated during Taft’s Presidency and ratified before Wilson took office.

Similarly the Federal Reserve began with the National Monetary Commission, a creation of the Aldrich–Vreeland Act of 1908. The Commission’s reports and plan were all published during Taft. The 1913 Federal Reserve Act was based largely on the Aldrich Plan. Senator Nelson Aldrich (R-RI). Wilson signed the bill but the drive to create the Fed began during Teddy Roosevelt and was carried forward by two Republican Congresses.


36 posted on 11/28/2021 8:40:56 AM PST by Pelham (Q is short for quack)
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