A clever essay from rrnd, apropos immediate change

27) How to end stinking taxes immediately
The Free Liberal
by Fred E. Foldvary

"uppose we still had chattel slavery, like in the olden South. Would we
say
to the slaves, 'we shall free you, but, sorry, we will do it over 20
years
so that we won't upset the slave masters too much?' No, we would see
that
perpetuating slavery even for a transition period just prolongs the
injustice. Great evils need to be ended immediately. Tax slavery too is
a
great evil, a curse on workers, a blot on enterprise, and a pox on
thrift.
Many countries ended slavery quickly and peacefully by compensating the
slave owners. The slaves should have been compensated also. Compensation
also helps remove political obstacles. The same applies to tax slavery.
Compensate those who lose from a change in policy, and be done with it."
(06/27/06)

http://www.freeliberal.com/archives/002147.html

And how do we translate all these good things into law again? Or do
we just wish it into law?

Marcy

--- In lpsf-discuss@yahoogroups.com, "Acree, Michael" <acreem@...>
wrote:

27) How to end stinking taxes immediately
The Free Liberal
by Fred E. Foldvary

"uppose we still had chattel slavery, like in the olden South.

Would we

say
to the slaves, 'we shall free you, but, sorry, we will do it over 20
years
so that we won't upset the slave masters too much?' No, we would see
that
perpetuating slavery even for a transition period just prolongs the
injustice. Great evils need to be ended immediately. Tax slavery

too is

a
great evil, a curse on workers, a blot on enterprise, and a pox on
thrift.
Many countries ended slavery quickly and peacefully by compensating

the

slave owners. The slaves should have been compensated also.

Compensation

also helps remove political obstacles. The same applies to tax

slavery.

Compensate those who lose from a change in policy, and be done with

it."

In today's Chronicle,
AP writer Stephen
Olemacher reports
the findings of the
seventeenth anual
survey conducted by
the Anne E. Casey
Foundation on the
status of children in
the United States.
The statistic that
shocked and
saddened me was "
One third of US
children lived in
homes where neither
parent had a full
time, year round job
in 2004. That is a
slight increase from
32 percent in
2000" (The last year
of the Clinton
Administration.) I
suffered through
similar family
insecurity during
second and third
grade. This is an
intolerable situation.
The economy is not
providing decent
employment
opportunity for one
third of all families
with children in a
period of supposed
economic prosperity
where the official
unemployment rate
is below 5 percent
according to the BLS

.http://www.bls.gov/
news.release/
jec.nr0.htm

How can anybody
vote for the status
qup parities given
the horrible
economic
performance they
have created. All
barriers to
opportunity must be
immediatly
challenged. For one
third of children to
grow up in an
environment of
economic stagnation
and despair for
opportunity calls for
drastic action at the
voting booth.

Philip Berg
Libertarian Nominee
for Congress
Eigth
Congressionional
District
San Francisco,
California

Deep ugly corruption
in the Gotham Banks.
Nothing will be
done because
Goldman and
other New York
Banks own the
Fed and the
country, but
here is the link
to recent
testimony from a
fired SEC
investigator
and excerps...

http://
judiciary.senate.gov/
testimony.cfm?id=1972&wit_id=5485

Excerpts
"Fixing the SEC so
it can protect
investors and
capital markets from
hedge fund abuse
will not be an easy
task. Powerful
interests want the
SEC to stay just the
way it is or, better
yet, to become even
weaker.
Those interests are
not just the hedge
funds. They include
the
financial industries
that are receiving
tens of billions of
dollars in
revenues for helping
hedge funds cheat
other market
participants or
close their eyes to
the carnage. At the
top of that list are
the big
investment banks,
e.g., Goldman Sachs,
Morgan Stanley,
Merrill Lynch
and Bear Stearns."
"Much like the
victims of a sniper,
they never knew what
hit them. For
example, the
millions of mutual
fund investors had
no clue that
billions of dollars
were being siphoned
from their
investment accounts
each year by
hundreds of hedge
funds, as it
happened in the
recent
mutual fund scandal.
Likewise, the value
investor has no clue
that an
attractively priced
small cap is on its
way to bankruptcy
via the
naked shorting of an
$8 billion hedge
fund."
"The $1.2 trillion
under hedge fund
management are on
steroids. They
recycle at high
velocity through the
markets. With that
$1.2 trillion,
hedge funds execute
up to fifty percent
of the daily trading
on the
$21 trillion New
York Stock Exchange.
They also do seventy
percent of
the trading in the
US distressed debt
market, US exchange-
traded fund
market and the
convertible bond
market."
"For individual
firms, hedge funds
were critical to
last year's
performance. They
produced one-quarter
of Goldman Sachs's
profits,
estimates Guy
Moszkowski of
Merrill Lynch, and
only a slightly
smaller
slug of Morgan
Stanley's returns."
"The illegal flow of
insider information
from investment
banks to
hedge funds was the
primary focus of the
hedge fund
investigation I
headed. Senior SEC
officials halted the
investigation, as I
was told,
because the
suspected tipper had
powerful political
connections.
Indeed, he does at
the highest level.
When I raised the
propriety of
that decision with
the most senior
Enforcement
officials, they fired
me. When I apprised
Chairman Cox of
these events, he did
not lift a
finger."
"The second prong of
the investigation--
market manipulation--
involved
two classes of
suspected
violations: wash
sales and naked
shorts. Some
of my colleagues
believed this prong
held a greater
potential to
severely injure the
capital markets.
Evidence indicated
that hedge
funds used wash
sales to spike stock
prices just as
unregulated pools
used wash sales to
spike stock prices
in the 1920s. The
investigation
of both wash sales
and naked shorts led
to the hedge fund's
prime
broker, a large
investment bank."
"But that system
breaks down when it
comes to referrals
involving
insider trading by
hedge fund. Those
referrals are
rarely, if ever,
investigated, unless
they happen to meet
the PIPEs cookie
cutter mold.
The investigation I
conducted was an
anomaly. The right
person at
intake found the
right senior SEC
official. That
matter was assigned
to me. I then found
thirteen other
insider trading
referrals on the
same hedge fund that
had been gathering
dust. None had been
investigated other
than a cursory
review. No one had
looked at the
referrals
collectively for any
patterns."
Remember, the
financial system is
not a free market.
It is a partnership
of private and
government political
interests hoisted on
the American people
staring with the
legal tender laws
then the Federal
reserve and then
Bretton Woods and
the repudiation of
any real backing of
the dollar by Nixon.
The system is immune
from regulation and
the corruption is
exacting a terrible
cost on the morals
and fabric of the
country and the
world. When will
people come to
understand that hte
system is an
irredeemable fraud.

[ Attachment content not displayed ]

Derek, The modern day
hedge funds are the
son's of the trusts of the
nineteenth century. What
the testimony and a
study of such nineteenth
scandals such as credit
mobilier has brought to
believe is that the
liberals are absolutely
correct in seeing the
utter corruption of the
large financial
institutions and thier
handmaidens, the large
corporations. I also
realize that the problem
predates the Fed and
originates with the legal
tender laws of Lincoln.
The paper faith based
dollars in your wallet
says "legal tender for all
debts public and private"
The Constitution
says...the states shall
accept no thing in tender
except gold and silver
coin (from memory). A
third grader can see that
the two statements are
contradictory. The
unbridled money
creation power of the
Fed, backed by the
coercion of the veiled
force of one hundred and
fifty years of legal tender
laws and the utter
corruption of markets by
those private parties such
as Goldman and Morgan
, backed by the
unlimited credit of the
Fed, must end if we are
ever to have a free
market economy. In the
absence of free market
banking, free of
government support and
coercion, then yes, a
powerful, honest, and
independent SEC is
preferred. Of course that
is a pipe dream, but
some attempt at checks
and balances must be
made. Reagans biggest
mistake was ever
thinking the financial
markets were free and
deregulating the banks
and pulling down the
walls between the
brokers and the banks.

[ Attachment content not displayed ]

--- In lpsf-
discuss@yahoogroups.com,
"Derek
Jensen" <derekj72@...>
wrote:

so you

support the
Glass-Steagall
Act?

Todays statistics from the
Chicago Purchasing
managers...June Chicago
PMI 56.5% vs 59.4%
expected... June Chicago
PMI prices paid 89.0 vs
76.9 May...

Ouch

What this shows is the
horrible result of Fed
policy and the dilema
Bernake is in. The
economy is stagnating as
inflation roars.
Stagflation may well
accelerate into
hyperinfationary
depression. The utter
fraud of legal tender
protected fiat money
issued in enormous
quantities has always
resulted in great
economic pain on
countless occasions
throughout history.
Derugulating the fraud
has sped the process. Of
course a free market
money system devoid of
any governmant subsidy
or coercion would be
ideal, and the means to
get there should be
discussed. One can only
hope that the public will
demand freedom when
living in the ashes, but
the history of Argentina
and France argue
otherwise.

>
> Derek,

The modern
day

> hedge

funds are the

> son's of

the trusts of the

> nineteenth

century. What

> the

testimony and a

> study of

such nineteenth

> scandals

such as credit

> mobilier

has brought to

> believe is

that the

> liberals are

absolutely

> correct in

seeing the

> utter

corruption of
the

> large

financial

> institutions

and thier

>

handmaidens,
the large

>

corporations. I
also

> realize that

the problem

> predates

the Fed and

> originates

with the legal

> tender

laws of
Lincoln.

> The paper

faith based

> dollars in

your wallet

> says "legal

tender for all

> debts

public and
private"

> The

Constitution

> says...the

states shall

> accept no

thing in tender

> except

gold and silver

> coin (from

memory). A

> third

grader can see
that

> the two

statements are

>

contradictory.
The

> unbridled

money

> creation

power of the

> Fed,

backed by the

> coercion

of the veiled

> force of

one hundred
and

> fifty years

of legal tender

> laws and

the utter

> corruption

of markets by

> those

private parties
such

> as

Goldman and
Morgan

> , backed

by the

> unlimited

credit of the

> Fed, must

end if we are

> ever to

have a free

> market

economy. In
the

> absence of

free market

> banking,

free of

>

government
support and

> coercion,

then yes, a

> powerful,

honest, and

>

independent
SEC is

> preferred.

Of course that

> is a pipe

dream, but

> some

attempt at
checks

> and

balances must
be

> made.

Reagans
biggest

> mistake

was ever

> thinking

the financial

> markets

were free and

>

deregulating
the banks

> and

pulling down
the

> walls

between the

> brokers

and the banks.

[ Attachment content not displayed ]