Race to the Bottom


Posted by Lysander Spooner ® , Sep 25,2003,08:03   MetroBlab

What is the first response of the politician when the coffers run low? Raise taxes, which, in turn causes more people to leave seeking a cheaper place to live. It is a vicious cycle.



Followups



Definitions to keep in mind

Re:
Race to the Bottom -- Lysander Spooner
Posted by Lysander Spooner ® , Sep 25,2003,08:04   MetroBlab

Some definitions to keep in mind:

FREE MARKET
That condition of society in which all economic transactions result
from voluntary choice without coercion.

THE STATE
That institution which interferes with the Free Market through the
direct exercise of coercion or the granting of privileges (backed by
coercion).

TAX
That form of coercion or interference with the Free Market in which
the State collects tribute (the tax), allowing it to hire armed
forces to practice coercion in defense of privilege, and also to
engage in such wars, adventures, experiments, "reforms," etc., as it
pleases not at its own cost, but at the cost of "its" subjects.

PRIVILEGE
From the Latin privi, private, and lege, law. An advantage granted
by the State and protected by its powers of coercion. A law for
private benefit.

CAPITALISM
That organization of society, incorporating elements of tax, usury,
landlordism, and tariff, which thus denies the Free Market while
pretending to exemplify it.




Definitions to keep in mind

Re:
Definitions to keep in mind -- Lysander Spooner
Posted by Michael ® , Sep 25,2003,09:24   MetroBlab

THE STATE
That institution which interferes with the Free Market...

Yeah. What's up with all those standardized weights and measures anyway? And who needs currency? Damn the state.
~m.


Speaking of weights and measures

Re:
Definitions to keep in mind -- Michael
Posted by Lysander Spooner ® , Sep 25,2003,10:17   MetroBlab

The Coinage Act of 1792 states in part:

Section 9. And be it further enacted, That there shall be from time to time struck and coined at the said mint, coins of gold, silver, and copper, of the following denominations, values and descriptions, viz.

DOLLARS OR UNITS �each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver.

However, with the enactment of the Federal Reserve Act in 1913, this doesn't matter since this act gave bankers license to create money out of thin air. So much for the saying, "money doesn't grow on trees". The Fed was designed to manipulate the people by arbitrarily increasing the money suppy, thus driving up inflation. But this wouldn't work because it would cause inflation to skyrocket too much in too little time. People would automatically wonder what the hell was going on. Thus the enactment of the 16th amendment. Written by Nelson Aldrich of Rhode Island, maternal grandfather of Nelson and David Rockefeller, associate of JP Morgan and known as a Wall Street senator, this would enable Congress to drain money out of the economy while the money supply was becoming increased. The trick however was to write the amendment in a way that the U.S. Supreme Court would uphold it which it did while creating the impression that it gave Congress some new power of taxation which it did not.