http://www.lewrockwell.com/orig9/steelman6.html
quote:
In the midst of the imploding US and European financial systems and the resultant bankruptcies, nationalizations and bailouts the People’s Daily, China’s official newspaper, called for a new global currency to replace the US dollar. Writing in the People’s Daily edition of 17 September 2008 Professor Shi Jianxun of Shanghai’s Tongji University said that "[t]he world urgently needs to create a diversified currency and financial system and fair and just financial order that is not dependent on the United States."
DO NOT DISCUSS THIS OR YOU WILL BE PUNISHED?
I have no way of knowing the real reason why people refuse to discuss the topic of currency. There are those who argue and discredit, but that is not discussion. Discussion from my point of view is a meeting of two diverse perspectives into an exchange where two diverse perspectives merge into a blend of two diverse perspectives. The idea behind a discussion, from my perspective, is to arrive at a more accurate perspective as a result of the meeting and merging of two diverse perspectives.
The above quote is one diverse perspective. My perspective is that the whole “bail out” topic is planned on and executed by legal criminals so as to maintain the power needed to conduct wealth transfer from those who create wealth to the legal criminals.
People who pay taxes are people who create wealth. People who collect taxes and then use that power to plan on and then execute their plan to injure the taxpayers are the people who I call legal criminals. A clear example of an injury to tax payers is a “bail out” where power in the form of currency is taken from tax payers and that power is transferred into the bank accounts of the people who cause the destruction of viable businesses. People who cause the destruction of viable businesses have names like “corporate raiders” and “CEOs”. That is one example of a reward being transferred from the victims to the legal criminals who commit legal crimes; a CEO will extract all the wealth from a legitimate business, spend the minimum cost in falsifying the business value, and then sell the business at an artificial and false price, and move on to the next business.
That is one example.
Awhile ago there was a word that was used by business people who ran legitimate businesses. That word is surely used today by business people who run legitimate business. That word is not printed on pages and spoken in conversations much these days and perhaps the reason for the lack of currency of this word explains the current situation with the current effort to manufacture and then push through these “bail outs”.
Tax payers create wealth and therefore taxpayers manufacture the power in these “bail outs” and depreciation is the word that may explain the current situation with the current effort to manufacture and then push through these “bail outs”.
Legal criminals push through these “bail outs” because the power to cause these “bail outs” requires the power that is produced by those tax payers. Tax payers make power, legal criminals steal that power because the power is needed to conduct legitimate business and the power is needed to conduct legal crime. Without the legal criminals the power created by the tax payers would be employed by the tax payers instead of having the power transferred from the tax payers to the legal criminals.
What do tax payers do with the power when the power is not transferred from their own bank accounts and sent to the legal criminals in tax payments?
That is a topic for discussion, which is a question to be answered by diverse perspectives seeking a more accurate perspective concerning the answer to the question asked.
Tax payers (people who create wealth and wealth is the power that is transferred from tax payers to whomever collects tax wealth) employ wealth toward the creation of more wealth. The process of employing wealth toward the creation of more wealth is called a legitimate business. A legitimate business will buy things that depreciate.
Here is where the enlightenment can occur. If the power in the bank account is employed in the purchase of a thing that does not produce more power than the power used to purchase the thing then the thing costs too much. The thing depreciates faster than the thing pays for itself. The thing is an illegitimate business purchase, the thing is a luxury, the thing is not a good or bad investment, the thing is the same thing as a tax.
What taxes something to a point where the tax transfers too much power out of the thing taxed so that the thing taxed can no longer pay for itself?
Two examples of two things that are taxed beyond the threshold of legitimate business practice can illustrate my perspective on this “bail out” stuff.
Example A is a working person.
Example B is a working solar panel.
I’ll illustrate the solar panel first.
Suppose a solar panel is a legitimate investment purchase ordered by a legitimate business person during legitimate business hours and once the solar panel is producing wealth the clock starts on the rate of depreciation. The solar panel will depreciate from its initial value down to no value in 25 years, which is a guarantee offered by the supplier of the solar panel. Now suppose that the rate of wealth creation pumping out of the solar panel is sufficient to pay off the solar panel in 10 years for one solar panel, 5 years for another solar panel, and 1 year for the third option.
Suppose the legitimate business person invests in the 1 year pay off rate of wealth production solar panel.
The legitimate business person employs the wealth he creates with a purchase of a 1000 dollar solar panel and this solar panel pays for itself by producing 1000 dollars worth of electricity in 1 year, while this solar panel depreciates down to no value in 25 years guaranteed.
After one year the solar panel pays back the business person the 1000 dollars that was consumed in the purchase of the solar panel. The business person can then tax the solar panel by spending that wealth on contributions to the Republican Party and the Democratic Party in the U.S.A. I will call those parties the Criminal Capitalist Party and the Criminal Socialist Party: CCP and CSP just for purposes of discussion – even if it is only a one way discussion.
A one way discussion is occurring as I read the article and respond to the article with my way of responding to what I read.
The legitimate business person may send that wealth created by that solar panel to people who the legitimate business person expects to do things that help the legitimate business person. The legitimate business person is the second example of depreciation.
While the legitimate business person is spending the wealth that he alone creates, he is also taxed, this legitimate business person invests some of his created power on solar panels so as to create more wealth, more power, so as to employ that created power into more investments (or luxuries), the legitimate business person may be taxed by the very people who he sends his legitimate business wealth creations of power to i.e. the CCP and the CSP.
If the legitimate business person depreciates down to no value in 40 years time and that "legitimate" business person does not produce enough wealth to pay for his consumption cost in that 40 year time, then that "legitimate" business person is not a legitimate business, not a business investment, and that person will tax everyone else in some manner or other or that person will starve to death before that person depreciates down to no value. That person would be a net cost to anyone who deals with that person, that person would constitute a tax, not a legitimate wealth creating business person. That person would be someone who consumes more than that person produces. That person would be easy to understand if that person were to be compared to a solar panel with a 26,000 dollar price tag, a depreciation time of 25 years, and a rate of production of 1000 dollars of electricity per year. That person would never pay off the initial price. That person could work all 25 years, pumping out wealth, and at the end of that person’s life span that person would still owe 1000 dollars.
If there is any wealth in the word at all, this is not arguable with true data, the wealth is created by people who produce more than they consume during their life span as their bodies depreciate.
To tax people at a rate that is many times more than what people can produce is not legitimate business practice, it is crime and it is legal crime when the word “tax” is employed to cover up the crime.
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