Friday, November 23, 2012

Economic IQ test: If the national debt doesn't matter, then taxes aren't needed at all

Source Natural News

If debt doesn't matter, then taxes aren't needed at all

Under the current system of unlimited spending, unlimited money creation and unlimited debt that "doesn't matter" according to the bureaucrats in Washington, there is absolutely no reason why any so-called "revenue" needs to be collected from the working class population whatsoever. "Revenue" only matters if debt matters, and we've been told by everybody in Washington (except Ron Paul) that debt doesn't matter.

Logically, then, we need no income tax at all. The President could simply announce the elimination of all federal taxes and the closure of the IRS, then have the Fed print up the money it needs. No more income taxes... ever! Imagine the savings in paperwork reduction alone...

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