You didn't think the multi-part series on financing education would end with an endorsement of school vouchers, did you? There actually exists an even better "Marko's Take" solution.
To get up to speed on the issues of financing public and private education, the prior two blogs can be accessed here: http://markostake.blogspot.com/2010/12/educators-are-ones-needing-education.html.
If we all agree that an educated society is in everyone's best interest, then the only issue is how to finance it. Just a few of the key economic benefits of a better educated populace include higher employability, income, productivity with a much lower crime rate and dependence on the public dole.
We can take this logic much further. If I earn an additional $1 million lifetime dollars as the result of public generosity, than wouldn't it be much FAIRER if I SHARED some of that with the people who financed me as I actually earn it? Of that extra cool mill I just made, why not pay as I go as long as I earn? This can be done through a small income tax surcharge which is earmarked specifically for future students.
This plan would also accomplish eliminating all the dead-beats who borrow and NEVER pay the loans back. According to recent data from the Department of Education, student loan default rates are soaring: http://www.ed.gov/news/press-releases/student-loan-default-rates-increase-0.
The stated default rate is actually believed to be much, much higher than the 7% official rate. Many firms have been set up to keep a defaulting student from officially being characterized as such to protect credit scores and bank balance sheets.
The really sad thing about student defaults is that the majority have the capacity to actually pay the loan back but rationalize non-payment because it's government-guaranteed and little enforcement mechanism exists.
The IRS, I think we'd all agree, is far better at collecting debts than the Department of Education. But, another solution would be to use the present value of loans to offset future Social Security liabilities. The thought here would be to eliminate future public liabilities in exchange for funding some level of education. A higher income earner would certainly have a greater capacity to actually SAVE for retirement!
Now how simple would this be?
For more on the Social Security system, we have two videos which explain the system itself, as well as a "Marko's Take" solution. They can be viewed here: http://www.youtube.com/markostaketv#p/u/3/twFn9XyP2rI and here: http://www.youtube.com/markostaketv#p/u/2/7Rl6XtobFpE.
Marko's Take
Showing posts with label irs. Show all posts
Showing posts with label irs. Show all posts
Tuesday, December 21, 2010
Monday, December 21, 2009
There IS A Law Requiring The Payment Of Federal Income Taxes, Right?
NO! In fact, no such law exists! REALLY!
America: Freedom to Fascism - Director's Authorized Version, a documentary produced by the late, great Aaron Russo, is a definitive piece on the topic. I had the honor of knowing Aaron personally in his final months of life, before he succumbed to cancer in 2007.
The information in today's blog is excerpted directly from that documentary, which you may view in its entirety merely by clicking the link above.
As early as 1894, The Supreme Court of the United States ruled that the power to tax wages was unconstitutional. However, Congress later passed the 16th ammendment in 1913 in order to impose a bona-fide income tax. At that time, President Woodrow Wilson said "I am a most unhappy man. I have unwittingly ruined a nation. America is now controlled by its system of credit". By system of credit, he was referring to the accompanying establishment of the Federal Reserve.
The 16th Ammendment conferred NO new powers of taxation and was NOT ratified by the states.
Furthermore, the U.S. Constitution specifies that ANY direct tax must be "apportioned", meaning divided equally among all people. As you know, the personal income tax is NOT.
But aren't income taxes vital to provide essential services? NO!
Education is paid for by property taxes. Highways are paid for by the various taxes on gasoline. Defense was paid for by CORPORATE taxes, which are entirely legal. However, Defense expenditures have ballooned to such an extent, that even corporate taxes in their entirety are not, at this time, sufficient.
As recently as 2005, legal Corporate taxes were $278 billion, while illegal personal taxes were $927 billion.
The "controversy" continues. On August 31, 2005, Federal Judge Emmet Sullivan, ruled that the government is not even REQUIRED to answer the American people's questions as to the legality or existence of the personal tax law, despite the guarantees afforded by the FIRST Ammendment.
The IRS has refused to show ANY laws requiring payment of personal income taxes, despite a voluminous code, now the size of a rather large telephone directory!
According to Bill Clinton, while questioned about the legality of personal taxation on March 11, 1993: "We can't be fixated on our desire to preserve the rights of ordinary Americans". WHAT???
The IRS code itself states that the personal income tax is VOLUNTARY! "Your income tax is 100% voluntary and your liquor tax is a 100% enforced tax."
The code does not even define the term "income". The Supreme Court has ruled income as constituting "gains from corporate activity". It has further ruled that employment is considered "private property" in the context of being exchanged for any form of payment (Coppage v. Kansas 1914).
NONE of any of the Supreme Court rulings have yet to be overturned!
If this doesn't give you a Christmas chuckle, then I don't know what will.
"Take me on" in the Comments section below.
Marko's Take
America: Freedom to Fascism - Director's Authorized Version, a documentary produced by the late, great Aaron Russo, is a definitive piece on the topic. I had the honor of knowing Aaron personally in his final months of life, before he succumbed to cancer in 2007.
The information in today's blog is excerpted directly from that documentary, which you may view in its entirety merely by clicking the link above.
As early as 1894, The Supreme Court of the United States ruled that the power to tax wages was unconstitutional. However, Congress later passed the 16th ammendment in 1913 in order to impose a bona-fide income tax. At that time, President Woodrow Wilson said "I am a most unhappy man. I have unwittingly ruined a nation. America is now controlled by its system of credit". By system of credit, he was referring to the accompanying establishment of the Federal Reserve.
The 16th Ammendment conferred NO new powers of taxation and was NOT ratified by the states.
Furthermore, the U.S. Constitution specifies that ANY direct tax must be "apportioned", meaning divided equally among all people. As you know, the personal income tax is NOT.
But aren't income taxes vital to provide essential services? NO!
Education is paid for by property taxes. Highways are paid for by the various taxes on gasoline. Defense was paid for by CORPORATE taxes, which are entirely legal. However, Defense expenditures have ballooned to such an extent, that even corporate taxes in their entirety are not, at this time, sufficient.
As recently as 2005, legal Corporate taxes were $278 billion, while illegal personal taxes were $927 billion.
The "controversy" continues. On August 31, 2005, Federal Judge Emmet Sullivan, ruled that the government is not even REQUIRED to answer the American people's questions as to the legality or existence of the personal tax law, despite the guarantees afforded by the FIRST Ammendment.
The IRS has refused to show ANY laws requiring payment of personal income taxes, despite a voluminous code, now the size of a rather large telephone directory!
According to Bill Clinton, while questioned about the legality of personal taxation on March 11, 1993: "We can't be fixated on our desire to preserve the rights of ordinary Americans". WHAT???
The IRS code itself states that the personal income tax is VOLUNTARY! "Your income tax is 100% voluntary and your liquor tax is a 100% enforced tax."
The code does not even define the term "income". The Supreme Court has ruled income as constituting "gains from corporate activity". It has further ruled that employment is considered "private property" in the context of being exchanged for any form of payment (Coppage v. Kansas 1914).
NONE of any of the Supreme Court rulings have yet to be overturned!
If this doesn't give you a Christmas chuckle, then I don't know what will.
"Take me on" in the Comments section below.
Marko's Take
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