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Posts Tagged ‘January 2010’

On the June 24, 2010 episode of The Korelin Economics Report, Steve Carr of Alliance Investment Group said in the first segment:

We really encourage people in their diversification, to consider silver above ground, because it’s never been confiscated in the history of this country, and own gold under the ground.

However, silver was confiscated by the U.S. government in 1934, with President Franklin Roosevelt’s Executive Order 6814.

In January 2010, I wrote about the historical confiscation of gold and silver as one of the reasons why platinum is the overlooked investment metal and currency.

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Someone, likely influenced by the high excise taxes on products he was consuming, told me that excise taxes were the biggest source of government revenue.

What does the Congressional Budget Office report? From “The Budget and Economic Outlook: Fiscal Years 2010 to 2020,” published on January 2010:

Individual income tax receipts are the largest source of federal revenue, averaging about 45 percent of the total during the past 40 years. Those receipts and receipts from corporate income taxes (which are the third-largest source of revenue) have accounted for most of the historical variation in total revenues, and they account for most of the projected changes in revenues between 2010 and 2020.

It is the assessment of this author, as well as those in the Tax Honesty Movement, that income taxes, as currently structured in the United States, are unlawful. The reasons are best conveyed to most people in this digital era by the documentary “America: Freedom to Fascism.” I will elaborate on what I find to be the most compelling reasons for its unlawful nature in a future article.

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