IPFS News Link • Economy - Economics USA
The Answer To 1913 Is 2025: 3 Charts That Show Why The Income Tax, The IRS And The Federal...
• https://theeconomiccollapseblog.com, By MichaelMost Americans don't know that for much of U.S. history there was no federal income tax and there was no central bank. But now everyone assumes that we must have a federal income tax and a central bank in order to have a functioning society. Today, there are just a handful of nations that do not have an income tax, and more than 99 percent of the entire population of the globe lives in a country that has a central bank. Of course the two work hand in hand. A central bank creates a spiral of borrowing that is meant to be unbreakable, and an income tax is necessary to service payments on that debt spiral. It is not a coincidence that a federal income tax and the Federal Reserve were both established in 1913. Since that time, we have piled up the biggest mountain of debt in the history of the world, and that is precisely the outcome that the system was designed to produce.
So what is the solution to this colossal mess?
The answer to 1913 is 2025.
This year, we are seeing things get proposed in Washington D.C. that once would have been unthinkable.
For example, Commerce Secretary Howard Lutnick just told Fox News that President Trump wants to "abolish the Internal Revenue Service"…
More details have emerged from the Trump administration about alleged plans to get rid of the Internal Revenue Service (IRS) and utilize tariffs so the "whole economy explodes."
"His goal is to abolish the Internal Revenue Service and let all the outsiders pay," Commerce Secretary Howard Lutnick said Wednesday on "Jesse Watters Primetime."
"As the president said, reciprocal tariffs, either you bring yours down or we're going to bring ours up. If we go to their level, it will earn us $700 billion a year to be equal to everybody else," he expanded Thursday on "America's Newsroom."
And it appears that the Trump administration is already taking concrete steps toward that goal.
In fact, it is being reported that "approximately 7,000 probationary workers" at the IRS are about to be hitting the bricks…



