01-17-18 -- Charles Goyette (MP3 & VIDEO LOADED) 
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Subject:  Eminent Domain

01-17-18 -- Charles Goyette (MP3 & VIDEO LOADED)

Charles Goyette (Author of The Dollar Meltdown and Red and Blue and Broke All Over and co-host of Ron Paul's America) comes on the show to provide an economic update and forecast.

Program Date:  Friday, January 17, 2014
Full Show:
Media Type: Audio   •  Time: 135:0 Mins and Secs

Declare Your Independence with Ernest Hancock - Radio

Host: Ernest Hancock
Email: ernesthancock@cox.net
Website: www.ernesthancock.com

Declare Your Independence with Ernest Hancock strives to create an understanding of the Philosophy of Liberty. Understanding is far more important than agreement -- that will come in its own time.


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HOUR ONE

Media Type: Audio   •  Time: 135:0 Mins and Secs
Guests Ernest Hancock
Topics Freeedom's Phoenix Headline News


 
Hour 1 -- OMG! The IMF is advocating for a "Global Capital Levy". Tax on all 'Net Wealth' ?????
 
Hour 2 -- Freedom's Phoenix Headline News
 
Hour 3 -- Charles Goyette (Author of The Dollar Meltdown and Red and Blue and Broke All Over and co-host of Ron Paul's America) comes on the show to provide an economic update and forecast.

CALL IN TO SHOW: 602-264-2800


 
January 17th, 2014
Declare Your Independence with Ernest Hancock
on LRN.FM / Monday - Friday
9 a.m. - Noon (EST)
Studio Line: 602-264-2800 
 

Hour 1
2014-01-17 Hour 1 Freedom's Phoenix Headline News (Video Archive):

2014-01-17 Hour 1 Freedom's Phoenix Headline News from Ernest Hancock on Vimeo.

 
Ernest Hancock
Freedom's Phoenix Headline News
 
 
...
 
News Link  • 
TAXES: Federal
The International Monetary Fund Lays The Groundwork For Global Wealth Confiscation
01-16-2014  •  Forbes 
The appeal is that such a tax, if it is implemented before avoidance is possible and there is a belief that it will never be repeated, does not distort behavior (and may be seen by some as fair). … The conditions for success are strong, but also nee
 
 

The International Monetary Fund (IMF) quietly dropped a bomb in its October Fiscal Monitor Report. Titled “Taxing Times,” the report paints a dire picture for advanced economies with high debts that fail to aggressively “mobilize domestic revenue.” It goes on to build a case for drastic measures and recommends a series of escalating income and consumption tax increases culminating in the direct confiscation of assets.

Yes, you read that right. But don’t take it from me. The report itself says:

“The sharp deterioration of the public finances in many countries has revived interest in a “capital levy”— a one-off tax on private wealth—as an exceptional measure to restore debt sustainability. The appeal is that such a tax, if it is implemented before avoidance is possible and there is a belief that it will never be repeated, does not distort behavior (and may be seen by some as fair). … The conditions for success are strong, but also need to be weighed against the risks of the alternatives, which include repudiating public debt or inflating it away. … The tax rates needed to bring down public debt to precrisis levels, moreover, are sizable: reducing debt ratios to end-2007 levels would require (for a sample of 15 euro area countries) a tax rate of about 10 percent on households with positive net wealth. (page 49)”

Note three takeaways. First, IMF economists know there are not enough rich people to fund today’s governments even if 100 percent of the assets of the 1 percent were expropriated. That means that all households with positive net wealth—everyone with retirement savings or home equity—would have their assets plundered under the IMF’s formulation.

Second, such a repudiation of private property will not pay off Western governments’ debts or fund budgets going forward. It will merely “restore debt sustainability,” allowing free-spending sovereigns to keep tapping the bond markets until the next crisis comes along—for which stronger measures will be required, of course.

Third, should politicians fail to muster the courage to engage in this kind of wholesale robbery, the only alternative scenario the IMF posits is public debt repudiation and hyperinflation. Structural reform proposals for the Ponzi-scheme entitlement programs that are bankrupting us are nowhere to be seen.

If ever there were a roadmap for prompting massive capital flight and emigration of productive citizens toward capitalism’s nascent frontiers in Asia, this is it.

The IMF justifies its tax increases by highlighting trends in income inequality along with a claimed decline in the progressivity of most income tax regimes. Using “perceived equity” (otherwise known as “envy”) as the key metric motivating tax policy, the report intentionally conflates tax rates with tax revenue, lamenting a decline in the top marginal income tax rates paid by the highest earners. Never mind that these high earners have been forking over more money, a higher percentage of their gross income, and a larger share of aggregate national tax revenue in recent years. It also ignores the Laffer Curve effects that are clearly visible in the data. As for incentive, the report pays no heed to the idea that wealth and income can only be taxed if someone is motivated to create it.
 
 

 
HOUR TWO
Guests Ernest Hancock

Topics Freeedom's Phoenix Headline News


 Hour 2
2014-01-17 Hour 2 Freedom's Phoenix Headline News (Video Archive): 

2014-01-17 Hour 2 Freedom's Phoenix Headline News from Ernest Hancock on Vimeo.

HOUR THREE
Guests Charles Goyette , Charles Goyette

Topics Freedom & Prosperity Letter , Economy, Ron Paul, Political Theatre



Hour 3
2014-01-17 Hour 3 Charles Goyette (Video Archive):

2014-01-17 Hour 3 Charles Goyette from Ernest Hancock on Vimeo.


Charles Goyette
 
Author, Speaker



 
Charles Goyette 
Charles Goyette is known for his outspoken libertarian views and his economic commentary. And he has been described as a fearless champion of liberty, peace, and prosperity.In fact, he is no newcomer to the national economic debate: More than 25 years ago, he arranged for a then-little-known Texas congressman named Ron Paul to be a keynote speaker at a series of monetary conferences.Charles has also written for a number of magazines, including The American Conservative, as well as for LewRockwell.com, CNBC.com, WorldNetDaily.com, and TheStreet.com. 

His Freedom & Prosperity Letter is designed to give you the real story on the United States’ political scene and economic climate, as well as actionable advice to protect your wealth and restore your prosperity.

You will receive:

Charles’ monthly newsletter … Weekly podcasts … Special reports … His current list of investing ideas … Full access to a members-only website … And much more!
Plus, our staff of professional customer service representatives will be available to you through dedicated fax, phone and e-mail channels. Although they can’t provide individual advice, they’ll happily provide fast answers to all your questions about our service and the recommendations Charles makes.
 
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Ron Paul Says...
RON PAUL THE WEEKLY PODCAST
09-18-2013  •  PodCastOne 
Former Congressman and America's leading advocate for freedom, Ron Paul is one of the most popular public figures of our day. The popular former presidential candidate shares his thoughts and opinions on the issues of the day in his weekly 10-minute
 
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