Subnostr

The implementation of the income tax and the creation of the Federal Reserve Bank significantly altered the financial landscape of the United States. The shift from tariffs on imports to income tax allowed the government to generate revenue directly from its citizens.

Before taxes, if China wanted to import goods, there would be a tariff and China would have to pay us to build roads etc.

Today, US citizens are labor slaves that generate income for the government.

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Discussion

trosso19 1y ago

It's even worse then that. The fed creates dollars from nothing and lend it to the banks and the government, who rely on you to pay it back (plus interest) in turn. If you fail the confiscate your real property.

Imagine handing a slip of paper to someone with the instruction "if you don't work hard enough to redeem this I get to steal your house"

They give you nothing and take your property in return.

ภ๏รtг๏ภคยt 1y ago

Fractional Reserve Banking