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To: OrthodoxPresbyterian; EternalVigilance; FairOpinion; Capitalism2003; Taxman; Badray; Abe Froman; ...
FYI, the IRS answers directly to the Federal Reserve (this should be perfectly clear after the latest Congressional hearings), and the Secretary of the Treasury is an employee on the Federal Reserve's payroll...

Although the IRS could continue to exist via the Nat'l. Sales Tax, which is doubtful in itself since the push is for States to administer it, The Federal Reserve/IRS would lose it's power over US Banks & Employers...and the rich elite crave power over anyone lesser then themselves.

Attacking the tax system in the US without repealing the 13th & 16th Amendments is a bit like attacking the arms of a lion, tiger or bear - if you want to kill it you aim for the head or other vital organs.

The ultimate "special interest" is the Federal Reserve, and it's control over politics inside the beltway is unrivaled...until the American people take back the power to coin money and start establishing their own monetary and fiscal policies they will never get a grip on the "tax" issue. ;-)
72 posted on 08/13/2003 3:06:31 PM PDT by Veracious Poet (Adages come, adages go, but the superfluous will always be with us)
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To: Veracious Poet; Taxman
FYI, the IRS answers directly to the Federal Reserve (this should be perfectly clear after the latest Congressional hearings),

No, they don't. The IRS answers to the Department of the Treasury, not the Federal Reserve. You're confusing the Money Printer with the Money Collector, again.

and the Secretary of the Treasury is an employee on the Federal Reserve's payroll...

No, the Secretary of the Treasury is an employee of the Department of the Treasury, which is a division of the Executive Branch, not the Federal Reserve.

If you believe that the Secretary of the Treasury is an employee of the Federal Reserve, please cite the Act of Congress designating such employment. Chapter and Verse, please -- I'll grant your point if you can prove it, but certainly not until.

Although the IRS could continue to exist via the Nat'l. Sales Tax, which is doubtful in itself since the push is for States to administer it, The Federal Reserve/IRS would lose it's power over US Banks & Employers...and the rich elite crave power over anyone lesser then themselves.

No, again you're confusing the Money Printer (FED) with the Money Collector (IRS). Under a National Sales Tax, the IRS would lose power over Employers (not having power to Audit their Income), but the Federal Reserve's power over the Banks (which is an entirely different arrangement) would be unaffected.

In fact, under a National Sales Tax, the Federal Reserve's power to peg Interest Rates and Print Money would not be altered in any wayt whatsoever. Fiscal Policy and Monetary Policy are two different things.

If you believe that the FED would lose Power -- ANY of its existing powers -- under a National Sales Tax, please cite the exact power which the FED (not the IRS) possesses now, which it would lose.

Attacking the tax system in the US without repealing the 13th & 16th Amendments is a bit like attacking the arms of a lion, tiger or bear - if you want to kill it you aim for the head or other vital organs.

Agreed, you do need to repeal the 16th Amendment once you have a National Sales Tax, in order to prevent the re-institution of an Income Tax.

None of which has anything whatsoever to do with the FED, which pegs Interest Rates and Prints Money (and has nothing whatsoever to do with Income Tax Collection).

Furthermore, the 13th Amendment Abolished Slavery. I'm not sure why you'd want to repeal the 13th Amendment and bring back Slavery, but it has nothing to do with either the FED or the IRS (which are, I repeat, themselves completely different entities with completely different powers and duties).

The ultimate "special interest" is the Federal Reserve, and it's control over politics inside the beltway is unrivaled...until the American people take back the power to coin money and start establishing their own monetary and fiscal policies they will never get a grip on the "tax" issue. ;-)

Horsefeathers. It is entirely possible to change the Mode of Collecting Federal Reserve Notes (from Income Tax to Sales Tax), without addressing the Printing of Federal Reserve Notes (i.e., the Federal Reserve) in any way.

Why? Because the two have nothing to do with eachother.
And neither has anything to do with the 13th Amendment Abolition of Slavery.

You're not thinking this through, I'm afraid. I realize that you believe that you are, but you really must read more. You don't actually seem to understand the relationships here at all (the FED is perfectly capable of controlling interest rates, printing money, and devaluing the currency whether under an Income Tax or a Sales Tax; and the Income Tax is itself certainly a possibility with or without the FED). Think about it.

best, OP

80 posted on 08/13/2003 3:43:11 PM PDT by OrthodoxPresbyterian (We are Unworthy Servants; We have only done Our Duty)
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To: Veracious Poet
"FYI, the IRS answers directly to the Federal Reserve (this should be perfectly clear after the latest Congressional hearings), and the Secretary of the Treasury is an employee on the Federal Reserve's payroll..."

---

Your statement is incorrect. The Dept of Treasury is a Presidential Cabinet level position and the IRS is a branch of the Treasury.

And here is more about the Fed. As far as I am concerned the Federal Reserve has way too much unchecked power -- witness Greenspan singlehandedly crashed the US economy by his relentless interest rate increases ( 2points i9n 14 months) fighting a non-existent inflation, than when thing were going south, refusing to cut them soon enough and by sufficient magnitude, dripping the cuts out, while the economy and the market were tanking.

http://www.federalreserve.gov/pubs/frseries/frseri.htm

On December 23, 1913, the Federal Reserve System, which serves as the nation's central bank, was created by an act of Congress. The System consists of a seven member Board of Governors with headquarters in Washington, D.C., and twelve Reserve Banks located in major cities throughout the United States.


83 posted on 08/13/2003 4:31:59 PM PDT by FairOpinion
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