Income Taxes - was Re: [Peace-discuss] Plutocracy

[Chuck Minne]

America Freedom to Fascism it a very interesting documentary about taxes and the Federal Reserve
   
  it can be seen here:  http://video.google.com/videoplay?docid=-4312730277175242198
   
  but it should also be checked out at Wikipedia. 
   
  Just discussing the Federal Reserve can be a whole can of worms. As I understand it, it is a private bank with unknown owners. Further, the national debt is so high, that 100% of the personal income taxes collected are used to pay interest on this debt, and that money goes to the Federal Reserve. In other words, all our personal income taxes go to the owners of the Federal Reserve Bank. I would love to be wrong on this. Anybody want to correct me?

"John W." <jbw292002 at gmail.com> wrote:
  At 01:35 PM 3/28/2007, Bob Illyes wrote:

>I'm a little confused as to which posting came before which,
>what with the clock problem. This is a reply to Nick's
>"Enlightened cynicism".
>
>The wealthy have always had a disproportionate amount of power
>over the country, but at times it becomes preposterous, with
>the ultra-wealthy owning so much of the government that they
>may disregard the people with impunity.
>
>The first time this happened was the Gilded Age. The second time
>is now. It took decades to clean up many of the excesses of the
>Gilded Age. The core reforms that did it were elected Senators
>and income tax. I'm sure labor unions were in the mix as well.
>
>We can fix this mess again, but it won't be easy or quick.
>
>Bob


This time around, the ultra-wealthy have every incentive to move to the 
Caymans or Dubai, essentially beyond the reach of U.S. government jurisdiction.


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  But judge for yourself, don't be afraid, Watch This or This
  

 
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