Like the Bonobo chimps of the Republic of Congo, many human beings around the world have accepted and adopted for their own lifestyles what they call the Non-Aggression Axiom for their individual code but, just as importantly, for their social code, how they treat others. Bonobo chimps, unlike the common chimpanzee, lives in total peace, harmony and prosperity within both their individual and various other troops. They do not fight or kill one another, like the common Chimp which kills other Chimpanzees both within their own and in other troops. (more…)
When the Jews and other so-called undesirables were rounded up in Germany and sent to concentration camps, they surely must have wondered why the nation state, that some infamous Jews like Karl Marx and Saul Alinsky, seem to have so revered, tuned on them to commit some of the most grievous atrocities on humane existence. Why didn’t the nation state provide the liberties that natural law and unalienable rights provides to the majority, despite Germany being instituted as a democratic republic? (more…)
So let’s see, the IRS and those who support it, are trying to tell me that if you put $30,000 down to buy a $250,000 home and that home ends up selling for $125,000 eight years later, that because you borrowed $225,000, with closing costs and other expenses, that you have this so-called phantom income and that the lending Bank must issue you a 1099 income tax form for the deficiency. Thus, you are liable for some amount of taxation because it’s Phantom Income because somehow you received some phantom benefit.
Let’s see than. The money is derived from a phantom issued debit, your house was worth a Phantom value based on a Phantom debt based monetary system that drove up home prices using Phantom underwriting guidelines and phantom insurance policies based on Phantom securities, also underwritten using Phantom quality controls.
Our infamous politicians have failed this year to enact IRS regulations negating the tax liability for this Phantom Income because, I’m told it’s a low priority issue and as soon as they can actually pass something in a bi-partisan manner, it will be attached and that it has a 50/50 change of this happening. Perhaps our politicians are also phantom legislators who spend most of their time catering to Phantom Special Interest Groups.
And people wonder why I want to abolish the Federal individual Income Tax liability for most Americans.