Monday, December 14, 2015

Debts and Taxes

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Are Negative Rates Fueling Deflation?

Those in power never understand markets. 

They are very myopic in their view of the world. 

The assumption that lowering interest rates will “stimulate” the economy has NEVER worked, not even once. 

Nevertheless, they assume they can manipulate society in the Marxist-Keynesian ideal world, but what if they are wrong?
By lowering interest rates, they ASSUME they will encourage people to borrow and thus expand the economy. 

They fail to comprehend that people will borrow only when they BELIEVE there is an opportunity to make money. 

Additionally, they told people to save for their retirement. 

Now they want to punish them for doing so by imposing negative interest rates (tax on money) to savings. 

They do not understand that lowering interest rates, when there is no confidence in the future anyhow, will not encourage people to start businesses and expand the economy. 

It wipes out the income of savers and then the only way to make and preserve money becomes ASSET investment, as in the stock market — not creating business startups.
So lowering interest rates is DEFLATIONARY, not inflationary, for it reduces disposable income. 

This is particularly true for the elderly who are forced back to work to compete for jobs, which increases youth unemployment.
Since the only way to make money has become ASSET INFLATION, they must withdraw money from banks and buy stocks. 

Now, they are in the hated class of the “rich” who are seen as the 1% because they are making money when the wage earner loses money as taxation rises and the economy declines. 

As taxes rise, machines are replacing workers and shrinking the job market, which only fuels more deflation. 

Then you have people like Hillary who say they will DOUBLE the minimum wage, which will cause companies to replace even more jobs with machines.
Democrats, in particular, are really Marxists. 

They ignore Keynes who also pointed out that lowering taxes would stimulate the economy. 

Keynes, in all fairness, did not advocate deficit spending year after year nor never paying off the national debt. 

Keynes wrote regarding taxes:

“Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance, than an increase, of balancing the budget.”
Keynes obviously wanted to make it clear that the tax policy should be guided to the right level as to not discourage income.

Keynes believed that government should strive to maximize income and therefore revenues. 

Nevertheless, Democrats demonized that as “trickle-down economics.”
Keynes explained further:

“For to take the opposite view today is to resemble a manufacturer who, running at a loss, decides to raise his price, and when his declining sales increase the loss, wrapping himself in the rectitude of plain arithmetic, decides that prudence requires him to raise the price still more–and who, when at last his account is balanced with nought on both sides, is still found righteously declaring that it would have been the act of a gambler to reduce the price when you were already making a loss.
This is the logic employed by those in power. 

They are raising taxes and destroying the economy; when revenues decline, they raise taxes further. 

The evidence that politicians are incompetent of managing the economy is simply illustrated here. 

Now, we have Hillary claiming that she will raise taxes on corporations. 

That will reduce jobs, for she will only attack small businesses and never the big entities and banks who fund her campaign [employ imported subsidized immigrants and lay off Americans].
Bill Murry on Taxes
So when it comes to sanity on interest rates or taxes, we really need to throw out of office anyone who is a professional career politician before they wipe out everything.  

The balance sheet is, as Keynes said, “ZERO on both sides.”

"All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills."

"Every Bill which shall have passed the House of Representatives and the Senate, shall, before it become a Law, be presented to the President of the United States;"

"The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;"

"To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;"

"To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;"

"No Capitation, or other direct, Tax shall be laid,"

"No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time."

"No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State."

"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."

"No State shall, without the Consent of the Congress, lay any Imposts or Duties on Imports or Exports, except what may be absolutely necessary for executing it's inspection Laws: and the net Produce of all Duties and Imposts, laid by any State on Imports or Exports, shall be for the Use of the Treasury of the United States; and all such Laws shall be subject to the Revision and Controul of the Congress."

"No State shall, without the Consent of Congress, lay any Duty of Tonnage, keep Troops, or Ships of War in time of Peace, enter into any Agreement or Compact with another State, or with a foreign Power, or engage in War, unless actually invaded, or in such imminent Danger as will not admit of delay."

"The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no warrants shall issue, but upon probable cause, supported by oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized."

"No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces, or in the militia, when in actual service in time of war or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation."

Fellow citizens, our mutual prosperity depends upon due process, freedom, free elections, free speech, legal protection of liberty, life, property and self-defense.

Therefore we are the only Constitutional Independent Candidate for liberty, life, peace and prosperity.

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Thank you.

Richard Charles
PO Box 1018
Crystal Bay
Nevada 89402-1018

(702) 569-9493

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