I understand the income tax was introduced in 1913 with the creation of the Federal Reserve. Is it possible for a nation to survive without an income tax?
ANSWER: Income taxes are a product of the Marxist period. This is when class warfare became dominant. People actually argued that it was unjust that someone else had more money than another and expect government to take it from them. The introduction of the Income Tax was expressly stated that it would ONLY apply to the rich. This is no different from seeing someone with a Rolex watch and going with a gun to rob him yelling it’s not fair he has someone you do not. This is the coveting of your neighbour’s goods.
There are some who begrudge others having anything they do not and attribute everything to some sort of fairness. This was the dominant theory that took hold in the world especially after the Panic of 1893. This trend has led to the downfall of Western Society as it it to those who grabbed all property in the Communist world.
Nevertheless, this displaced the family structure and altered society tremendously. Children no longer saved to take care of their parents. That became the duty of the state – not their obligation. So as the state now fails from fiscal mismanagement, we will see the true cost of Marxism as did those behind the Iron Curtain. The difference today, they have a health distrust about government and retained the family structure. I Europe and America, we lost much of those values as a whole.
The fact that the US National Debt was paid off on January 1st, 1835 without an income tax proved that Marxism and the income tax is not merely unnecessary, it has been highly destructive.
Extinction of the National Debt
On December 26th, 1834, the Treasury Report, announced the astonishing important event in economic history – the National Debt Of the United States, which at one time amounted to more than $127,00,000, would be totally Extinguished on the first of next month (January 1, 1835). This fact demonstrated that income taxes were not required. During the course of 19 years, by means of only indirect taxation, the $127 million national debt was paid off.