Full Recorded Speech, Taxation for Revenue Is Obsolete, Beardsley Ruml
Beardsley Ruml : Taxes are not for raising revenue
Beardsley Ruml says that FED-GOV-TAXES serve four purposes:
1. As an instrument of fiscal policy to help stabilize the purchasing power of the dollar;
2. To express public policy in the distribution of wealth and of income, as in the case of the progressive income and estate taxes;
3. To express public policy in subsidizing or in penalizing various industries and economic groups;
4. To isolate and assess directly the costs of certain national benefits, such as highways and social security.
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pdf https://tinyurl.com/yczoyesv .
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pdf https://tinyurl.com/y8my9mld .
. https://tinyurl.com/ycxhmfzc .
. https://tinyurl.com/y7mnvqns .
. https://tinyurl.com/yxnst7s6 .
. https://tinyurl.com/yasvgedg . (Press Download)
Taxes are for Redemption, Not Spending by L. Randall Wray
. https://tinyurl.com/s9qoo8n .
. https://www.jstor.org/stable/41789622?seq=1
JOURNAL ARTICLE : Are State and Local Revenue Systems becoming Obsolete?
Robert Tannenwald National Tax Journal Vol. 55, No. 3, POLICY ISSUES FOR TAXING TIMES (September, 2002), pp. 467-489 Published by: National Tax Association https://www.jstor.org/stable/41789622 Page Count: 23
. https://tinyurl.com/yafrdjtf Full Recorded Speech, Taxation for Revenue Is Obsolete
it seems stuck in a hopelessly gossipy he said she said he did she didn’t narrative without examining why.
There is no attempt to ask let alone answer the Why? question.
The other article is very interesting although after all of the article the last sentence positing two species of Currency one for Market players and one for the plebs is precisely what we have now. We are living in the new age of the Robber Barons, this time though. The Robber Barons have a much tighter grip on the levels of civil society and civil society itself is wholly subservient to the International organs of Corporate Power. We are, I think, at the mercy of the Corporate Oligarchs who are still duking it out amongst themselves. What are the Factions? https://youtu.be/r06OKv9Is1M?t=496
Silicon Valley in the corporate persons of Google/Facebook/Amazon is one, The Military Industrial Complex is another, Banking finance and so forth is another, Traditional Manufacturing is another, Energy is another The traditional Old Money Aristocracy and nobility is another, The Media Traditional Printed and broadcast as distinct from Silicon Valley ( are they morphing) and all of them overlap but do have separate interests and philosophies.
That the Swiss Central Bank scored 8% of Swiss GDP last year as stated in the other article demonstrated how powerful a tool the Central bankers have, we have to ask are the commercial banks part and parcel of the same thing as the Central Banks and if so to what extent are they joined or separate? Politics at this stage is really just an arm of the Media complex I think.
Question WHo is the new James Wolfson? he was very visible before his retirement, Christine Lagarde does not in my view command the same respect? Strauss Khan who would have been doing that job and Also Sarkozy’s current troubles should be factored back into where the play is going. Merkel and May are both Lame Duck leaders whichever faction they support or factions must be worried certainly in the Uk the Cambridge Analytica, Skripal and also increased attacks of Corbyns character and leadership all point to a wish by the Brtish Establishment to jettison May and also kill Brexit.
Brexit and Trump taken together, Catalonia Italy and events in Turkey are all pointing to an unravelling of one strand of the Oligarchy’s factions, Tillerson’s and Mc Masters departures point to a defeat for the Pentagon or a faction within it. Traditionally in the UK military, there are rivalries between Famously the Airforce and the Army but older than that, of course, the Navy and The Army. A very big rivalry exists between Naval Aviators and Airforce aviators the same rivalries will exist in the Us military although I am less familiar with them.
At some stage of analysing the Markets, I think it is worth getting back to what AJP used to call the Guns or Butter question which used to be Swords or ploughshares in more ancient times.That is one question and then the second is usury and debt slavery and taxation. These two questions are the old questions of good or bad governments, see the Allegories of Good and bad government for details.
Long story short looking at markets for symptoms of something in the economy occurring is a dead art. The economy and the **Markets** are simply no longer connected and have not been for many years certainly longer than the 10 years since the Great Crash so-called Sub Prime crisis.
Karl Rove’s words from way back when need careful consideration in the context of this question.
A golden Rule in folklores Canon
holds what’s sauce for the goose is sauce for the Gander
do unto others that which to you would be done
thus applied in discussion, we should always avoid slander.
Leave at the first introduction
the habits of Authority and induction
When those listening seem deaf to what you tell
refrain if you please from poisoning the well
if your working hypothesis requires certitude
refrain from tailoring cloth that renders the emperor nude
If to your point, you wish others to allude
refrain from a hypocritical sneering attitude.
When your correspondent appeals to evidence
consider their sources, were they well meant?
In all matters, skepticism will serve you with equivalence
and always remember to mistrust the Government. R G Lewis 2017
“man müsse das Volk stets in Armuth erhalten, damit es gehorsam bleibe.”(2)
Belloc characterised the reformation as
June 01, 2020 at 03:24 PM https://www.thinkadvisor.com/2020/06/01/fed-reveals-which-bond-etfs-it-purchased/?slreturn=20211117011846 https://www.thinkadvisor.com/2020/06/01/fed-reveals-which-bond-etfs-it-purchased/?slreturn=20211117011846 Severe backwardation in VIX vs VIX Futures....
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