SapereAude Posted September 24, 2010 Report Share Posted September 24, 2010 http://www.blueoregon.com/2010/09/keep-your-government-hands-my-money/ Quote Link to comment Share on other sites More sharing options...
Jake_Ellison Posted September 24, 2010 Report Share Posted September 24, 2010 Fair enough. Does that mean that if I opt out of this government program, and start trading in gold or a private currency, I become tax exempt? Just say the word, and I'll never touch another dollar again. Quote Link to comment Share on other sites More sharing options...
freestyle Posted September 25, 2010 Report Share Posted September 25, 2010 http://www.blueorego...hands-my-money/ Wow. And Ayn Rand is ridiculed for writing of such characters in her fiction. Quote Link to comment Share on other sites More sharing options...
RationalBiker Posted September 25, 2010 Report Share Posted September 25, 2010 Now that guy is just crazy, loony and nuts. Quote Link to comment Share on other sites More sharing options...
EC Posted September 25, 2010 Report Share Posted September 25, 2010 Money belongs to everyone one of us. And there should be consequences to holding onto money and never departing with it because it's not really yours--it's the governments--it's all of ours. Lol. No savings allowed, I guess. Quote Link to comment Share on other sites More sharing options...
Imogen Posted September 25, 2010 Report Share Posted September 25, 2010 (edited) Fair enough. Does that mean that if I opt out of this government program, and start trading in gold or a private currency, I become tax exempt? Just say the word, and I'll never touch another dollar again. In Canada, according to the Canada Revenue Agency guidelines (taxation), that is "bartering", and it is taxable, unless it is an occasional action not related to commercial business. A professor I knew had his home searched and his personal 'inventory' assessed, but because he had bartered for so much of his livelihood, the CRA dropped their investigation because what he had been trading (limited edition lithographs and other hand-pulled prints he'd created) was not easily appraised. To tax him, they'd have to have record of every transaction he made and then value the print he bartered at the price of the service/product he received, but he barters and the law doesn't require him to invoice or make out receipts unless he is making monetary exchanges. So, it was a stalemate. He continued to barter. Edited September 25, 2010 by Imogen Quote Link to comment Share on other sites More sharing options...
Imogen Posted September 25, 2010 Report Share Posted September 25, 2010 When the U.S. dollar does not circulate, it's value is nothing. I'm pretty sure that's not how it works. Both Canada and the U.S. use a fiat money system; it isn't dollar-for-calculated-amount-of-gold-in-reserve anymore, so I don't think it could possibly matter how much paper money is held in vaults since the people continue to produce goods/services in excess of the value of all of this stored money. I guess this might be a problem if every American just decided simultaneously to sit down on his hands, shut down his brain, and not produce anything ever again. I don't think that will happen. Wealth produces wealth; this is a demonstrable reality. Wealth (itself- or as the author seems to define it: lack of circulation or refusal to spend all of one's holdings) has never been the cause of poverty... I can vouch for what happens from ensuring that my money continues to circulate though, lol. I guess I'm just doing my part for the greater good. Quote Link to comment Share on other sites More sharing options...
OCSL Posted September 25, 2010 Report Share Posted September 25, 2010 And there should be consequences to holding onto money and never departing with it because it's not really yours--it's the governments--it's all of ours. I understand that this whole article makes little sense, but this quotation especially confuses me. Is he advocating that you never save money in the bank and always spend it? Quote Link to comment Share on other sites More sharing options...
Maximus Posted September 25, 2010 Report Share Posted September 25, 2010 I think he's just jealous because others have more money than he does. Quote Link to comment Share on other sites More sharing options...
Robin James Posted September 28, 2010 Report Share Posted September 28, 2010 This is what happens when you switch to an entirely symbolic monetary system. Quote Link to comment Share on other sites More sharing options...
Cmac19 Posted September 28, 2010 Report Share Posted September 28, 2010 (edited) This is really disturbing... but not even a little surprising. Goodbye capitalism, hello socialist dictatorship. Invest in bullets Edited September 28, 2010 by Cmac19 Quote Link to comment Share on other sites More sharing options...
Mister A Posted September 29, 2010 Report Share Posted September 29, 2010 Now that guy is just crazy, loony and nuts. No. He's evil and spiteful. Quote Link to comment Share on other sites More sharing options...
StepVheN Posted October 17, 2010 Report Share Posted October 17, 2010 Yes this is a basic assumption on which the law rests. This is why destruction of currency is considered a felony Quote Link to comment Share on other sites More sharing options...
utabintarbo Posted October 18, 2010 Report Share Posted October 18, 2010 The author fails o recognize the distinction between "money" and "currency". They are not the same. What he posted may apply to currency, but not money. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.