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Tuesday, November 24, 2009

Why Does The United States Hate Capitalism?

How can I make the statement that the United States government hates capitalism and expect anyone to take me seriously?

For me, it is easy. All I have to do, is ask myself, what magical process or procedure has the United States performed on all the gold in the world to make it so valuable?

In 1833, almost 200 years ago, an ounce of gold could be bought with $18.93 of United States currency.

In 1912, almost 100 years ago, an ounce of gold could be bought with $18.93 of United States currency.

In 2008, last year, an ounce of gold could be bought with $881.96 of United States currency.

In 2009, yesterday, an ounce of gold could be bought with $1166.55 of United States currency.

If your answer is that the United States has not done anything to gold to increase it's value, then, logically, they must have done something to our currency, to make it worthless.

For capitalism to work, you need a stable medium of exchange. When our government makes the currency worthless, we DON'T have a stable medium of exchange.

Therefore we don't have capitalism!

In 1913, the current Federal Income Tax was established.

... the power to tax involves the power to destroy ... John Marshall, United States Supreme Court Justice.

What does that mean?

Let's say that you grow tobacco in your back yard, and you want to sell it to make a living. First the government places a registration fee (tax) on anyone who wants to grow. Then the government has a zoning fee (tax) to give you permission to use your existing property. Then the government has a reporting fee (tax) so that you keep the government informed on you progress. Then the government has an inspection fee (tax) so that you can afford the government inspectors who can certify that what you are doing is legal and according to government regulations. Then the government has an unfair to environment fee (tax) so that you have permission to dump waste products where ever you want to. Then the government has a sales fee (tax) for anyone who wants to sell. There may be a few other fees I don't know about. Finally, there are sales taxes and income taxes. Every single fee and tax is presided over by a separate department in the government. Each one has the ability to raise their fees (taxes) as necessary. If each one, or any one of them starts raising the fee (tax) you could eventually end up with the fees (taxes) being more than what you can charge for the tobacco and expect to sell it for.

You can't have capitalism if you can't do what you want with your own property. When the government tells you what you can and cannot do by lower or higher fees (taxes) then we no longer have the option to do what we want with our own property.

Therefore we don't have capitalism!

So the next time that someone says capitalism sucks and doesn't work, ask them what drugs they have been taking, because we haven't had capitalism in almost 100 years.

http://www.google.com/url?sa=t&source=web&ct=res&cd=3&ved=0CBgQFjAC&url=http%3A%2F%2Fwww.nma.org%2Fpdf%2Fgold%2Fhis_gold_prices.pdf&ei=rCYLS5zZLIHUtgPg7Nw0&usg=AFQjCNHUGM9U8xWj9cPaso-1vIrWnuBRAg
Historical Gold Prices 1833 to present

http://en.wikipedia.org/wiki/Sixteenth_Amendment_to_the_United_States_Constitution
16th Amendment - Income Tax

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