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The American Tax Racket

  The American Tax Racket Involuntary extortion on a grand scale DONALD JEFFRIES This country fought a war for independence over taxation without representation. The Founders really, really didn’t like taxes. They dressed up as Indians at the Boston Tea Party. Over a pretty small tax on tea. They became incensed over a similarly modest tax on stamps. Our forebears called these things the Intolerable Acts. Since the early 1770s, our increasingly tyrannical government has implemented a lot of Intolerable Acts. Many people don’t realize that, until 1913, there was no income tax in the United States. You may well ask, how did they fund the government for well over a century without one? We had a growing military force, which Thomas Jefferson and the other wisest Founders would have opposed, a post office, roads and bridges. The odious withholding tax, which the beloved Franklin D. Roosevelt assured us would be but a temporary measure, dates from the 1930s. But as with so many unconstitutio

Yellen Dispatched to Beg China for Face-Saving Slowdown

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 Go to the source to watch the videos... Yellen Dispatched to Beg China for Face-Saving Slowdown SIMPLICIUS The U.S.’ growing urgency in ‘containing’ China’s development was thrown in sharp relief this week as Janet Yellen arrived in Beijing for what turned out to be an execrable beggar’s tour. Just days prior to her arrival, she had buzzed the punditry with her historically memorable exclamation that China was now operating at  “overcapacity” (!!). What is overcapacity, you ask? It’s a new word for me, too—so let’s consult the dictionary together: overcapacity noun o·​ver·​ca·​pac·​i·​ty: ō′vər-kə-ˈpa-sə-tē  1:  When an insolent upstart nation’s surging economic activity totally humiliates the reigning hegemon’s own faltering economy, causing the many expensive dentures and porcelain veneers of the ruling class gerontocracy to rattle and grate with moral outrage and jealousy. 1b:  An undesirable situation causing Janet Yellen and Nancy Pelosi’s stock portfolio to droop like a pair of