Monday, April 20, 2015

Income Tax Has Been Highly Destructive to Society


Posted on April 18, 2015 by 
QUESTION: Mr. Armstrong;
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?
HG
 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.

1st of Jan
Debt
President
1784Washingtonpop was 3,000,000
1791$75,463,476.52
179277,227,924.66
179380,352,634.04
179478,427,404.77
179580,747,587.39
179683,762,172.07
179782,064,479.33
179879,228,529.42John Adams
179978,408,669.77
180082,976,294.35
180183,038,050.80
180280,712,632.25Jefferson
180377,054,686.30Louisiana Purchase
180486,427,120.88
180582,312,150.50
180675,623,270.66
180769,218,398.64
180865,196,317.97
181053,173,217.52Madison
181148,605,507.76National Road Begun
181245,209,337.90War of 1812 Started
181355,962,827.57
181481,487,346.52War of 1812 Ended
181599,833,660.15
1816127,334,933.74The year with no Summer
1817123,491,965.16
1818104,466,633.83Monroe
181995,529,648.28Pop was 9,000,000
182091,025,500.15Missouri & Maine
&
1st steam engine
182189,957,127.66
182293,516,675.98
182390,875,877.22Monroe Doctrine
182490,259,777.77
182583,788,432.71Erie Canal
182681,054,059.99John Q. Adams
182773,957,357.20
182867,475,043.87
182958,424,413.67
183048,580,534.22Andrew Jackson
183139,082,461.88
183224,282,879.24SC threaten
secession over tariff
18337,001,698.83
18344,722,260.29reaper patent
18350,000,000.00

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