You should watch the WHOLE video first before making claims of "ridiculousness". It has all of the info. Why is it that IRS agents have come out and said there is no law? Why is it that Ronald Reagan said "I believe that the tax system has come to be unAmerican."? These are real tax experts and attorneys as well. You can't tell me they, nor the Supreme Court, know what they're talking about.
Well, Reagan wanted to lower taxes (which he did) because the higher tiers were extremely high. It's just a political quote taken out of context.
And I don't care about that a "tax expert" says that the law I am reading in this very moment does not exist. As Groucho Marx said, "Are you going to believe me, or what you see with your own eyes?".
Law forcing you to pay income taxes, Title 26 of the United States Code, subtitle A, Chapter 1. Summary here.
Also, the Supreme Court?
The Supreme Court ruled today that taxpayers who sincerely believe the Federal income tax laws do not apply to them cannot be convicted of criminal tax violations, even if there is no rational basis for their belief.
But at the same time, the Court said a belief that the tax is unconstitutional, as opposed to inapplicable, is not a shield against criminal liability for refusal to pay taxes.
In a dissenting opinion, Justice Harry A. Blackmun said it was incomprehensible that 77 years after the establishment of the Federal income tax system "any taxpayer of competent mentality can assert as his defense to charges of statutory willfulness the proposition that the wage he receives for his labor is not income, irrespective of a cult that says otherwise and advises the gullible to resist income tax collections."
https://www.nytimes.com/1991/01/09/business/supreme-court-ruling-supports-tax-protester.html
The Supreme Court says that it's not a crime to not pay taxes if you honestly believe you don't have to pay them... but, even though they won't charge you with a crime, they'll force you to pay anyway, because what you believe doesn't matter, since there is a
law forcing you to pay income taxes, Title 26 of the United States Code, subtitle A, Chapter 1. Summary here.
The authentic definition of income is in the video too, as I've stated before.
Why look at that video? The
AUTHENTIC definition of income is... in the law that forces you to pay income taxes!
Title 26 › Subtitle A › Chapter 1 › Subchapter B › Part I › § 61
(a) General definition
Except as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not limited to) the following items:
(1) Compensation for services, including fees, commissions, fringe benefits, and similar items;
(2) Gross income derived from business;
(3) Gains derived from dealings in property;
(4) Interest;
(5) Rents;
(6) Royalties;
(7) Dividends;
(8) Alimony and separate maintenance payments;
(9) Annuities;
(10) Income from life insurance and endowment contracts;
(11) Pensions;
(12) Income from discharge of indebtedness;
(13) Distributive share of partnership gross income;
(14) Income in respect of a decedent; and
(15) Income from an interest in an estate or trust.
https://www.law.cornell.edu/uscode/text/26/61
It's perfectly fine if you, individually, believe that salaries are not income, but that's you personal belief, period. The law explicitly describes a definition that includes salaries!
Again, I don't give a flipping burger about what a video on the internet says- if I have to choose between believing US Public Law and Random Youtube Video, I think I'll go with the first one.
As far as money being backed by absolutely nothing is not only wrong, but it makes it worth nada. How can you tell me that a piece of paper with "Federal Reserve Note" and a number indicating value written on it is worth anything when there's no collateral? That would be like me printing my own currency out of construction paper and telling someone that its worth "x" amount of dollars. Its ridiculous for the thought to occur for I know i would just get laughed at and told to take my fake money elsewhere because its not welcome.
Then, by all means, send me all the worthless federal reserve notes you own! Since they are worthless, I'm pretty sure you won't mind sending me all. I can pay you in my own handmade notes! Which are exactly as worthy as the ones made by the Fed, right? [/sarcasm]
Okay, being serious, there is a small difference, and your last line is hinting at it. The whole concept of fiat money hinges on the fact that people will accept without being backed by anything... because it is backed by
somebody. Fiat money is, essentially, backed by the Government and the country that issues it. Fiat money is worth as long as the local Government accepts it as a payment for taxes and the local comercies accept it as a payment for services. If you, as a person, print your own currency, people won't use it because you won't be able to impose it on anybody, and they won't be able to use it to avoid prison, since your Government wants their local currency in return for taxes, not your handmade one.
Of course, which are the two most traded currencies in the world? The Dollar and the Euro, backed by almost a (combined) billion users in their native countries, billions outside them (oil is traded, after all, in dollars or euros, not in mexican pesos), and with the support of the Governments of half the top 10 of wealthiest countries in the world.
In other words, a dollar and a Euro will always be worth
something until the two single largest economies in the world (US and EU) collapse. And still- the Spanish Empire collapsed centuries ago, yes the US keep on using the 8-peso note (the "tholler" of yore) as their currency!
The more money you print without properly backing it, the more inflation is going to occur.
It's not that easy. Since January, the European Central Bank has printed 600 million euros. That's a lot, right? Well, for a multi-trillion economy, that meant an inflation rate of... 0,85%. Negligible and, in fact, considered too low for a healthy economy! According to its own goals, the ECB is failing at creating inflation and is hurting the European economy as a result. I'm getting an actual profit on in-hand bank interest! My regular bank account for day-to-day cash pays 1% a year! That should not happen!
Of course, in the long run, inflation will happen, but a small amount of inflation is actually good as it increases the amount of money on the citizens' hands and makes debt more payable. The more inflation there is, the easier to pay all of the US/EU debt is!
The Fed controls the markets and where the economy is at any point. With gold and silver, inlation and deflation can occur, yes, but it is a very rare occurance.
Rare ocurrence? Are you kidding me??? Do you even know what you are saying????
Look at it. The US was on a gold standard every single year until 1976, either under Brit rule or independent. Well, until then there were 73 (seventy-three) periods of deflation longer than 2 years and 2 (two) lasting one year, for a total of 75 (seventy-five). Since then, there have been zero (0) periods of deflation. Deflation is bad, and the gold standard was useless at preventing deflation (one of those periods hit a 20% deflation! That means that all your debts are, all of a sudden, increased by 20%!).
But let's look at inflation. It's more constant, but also more manageable- average is 5% with a spike of 12%. Before 1976, though, there were 15 (fifteen) periods in which the maximum inflation rate the US has lived since leaving the gold standard was equalled or easily bested, with a spike of 35 (thirty-freaking-five) percent under brit rule in 1740 and another of 25% (twenty-five) in 1830.
The video also has a part of a speech John F Kennedy gave, in which he says that we are opposed to secrecy and secret oaths among others. This is exactly how the Fed behaves; in secrecy.
Fed members are appointed by the President and approved by the US Senate, they are held accountable by the the Congress, which often reviews the Federal Reserve's activities and can alter its responsibilities by law. It's not a fully independent secret gang operating under a rock, it's an independent agency supervised by the Government.
If Executive Order 11110 was to benefit the Fed, why is it that after Kennedy was murdered, LBJ, JFK's Vice President that assumed the presidency, got rid of EO 11110?
What in the name of Chtulu? Executive Order 11110 was reversed by Ronald Reagan in 1987, by Executive Order 12608, two decades after the US had left the gold and silver standard and there was no point whatsoever to giving the Secretary of Treasury powers to issue Silver Certificates the US had not been issuing since the 60's.
https://en.wikipedia.org/wiki/Executive_Order_12608
"Executive Order 12608
Elimination of unnecessary Executive orders and technical amendments to others
Signed: September 9, 1987
Federal Register page and date: 52 FR 34617; September 14, 1987"
How in the hell did LBJ revoke a EO that remained in the books for decades?
Why is it that the Constitution for the united states of America grants ONLY GOLD AND SILVER for LEGAL PAYMENT OF DEBT?
Well, I was wondering if you had read my previous post, since you didn't address any of the points I brought and just linked to two videos. So allow me to quote myself:
Actually, you got it all wrong. The Congress DOES have the power to make any coins they damn please not being backed by anything, it's THE STATES who must back their currencies with gold and silver.
Article I, Section 8, Clause 5 of the US Constitution states "The Congress shall have power to... coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;" That's it. No gold and silver, nothing.
https://www.law.cornell.edu/constitution/articlei
Meanwhile, Article I, Section 10, Clause I says "No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility."
So uh yes, Congress can print as many dollar bills as they damn please, with or without any gold or silver or whatever.
So I'll explain again: if Rhode Island decide to make their own currency, it has to be gold or silver coins. If the US Congress decide to make their own currency (and call it Dollar, let's just say), it can be
anything. Including paper.
Why is it that you can go to jail for defacing Federal Reserve Notes? Because it belongs to the private bank, not the People.
...so you haven't read the US Constitution, okay.
Right under the aforementioned Article I, Section 8, Clause 5 of the US Constitution (the one saying "The Congress shall have power to... coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;"), there is Article I, Section 8, Clause 6, which says "The Congress shall have power to... provide for the punishment of counterfeiting the securities and current coin of the United States;".
And since the US Dollar (sorry, the "Federal Reserve Notes") are the current coin of the United States... the Congress has the power to punish those counterfeiting them. Whoops!
When you work, you recieve a fair trade of labor for money. This means it should be yours because you earned it and not to mention the government has no Right to tax you for your labor.
"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."
See: definition of Income according to US Public Law, earlier in this very post.