Results 1 to 2 of 2

Thread: Beardsley Ruml:Taxes For Revenue Are Obsolete.

Threaded View

  1. #1
    Join Date
    Nov 2006
    Posts
    2,313

    Default Beardsley Ruml:Taxes For Revenue Are Obsolete.

    http://www.curiousevidence.com/(S(ov...les.aspx?id=21

    Fed Chairman: "Taxes For Revenue Are Obsolete."

    Beardsley Ruml, Chairman of the Federal Reserve Bank of New York stated, "Taxes for revenue are obsolete." Here is the famous paper he read before the American Bar Association during the last year of World War II, reprinted from American Affairs, January, 1946 issue.

    As stated by the Editor, "His (Ruml's) thesis is that given (1) control of a central banking system and (2) an inconvertible currency, a sovereign national government is finally free of money worries and need no longer levy taxes for the purpose of providing itself with revenue. All taxation, therefore, should be regarded from the point of view of social and economic consequences."




    Attached Images Attached Images
    • File Type: jpg 1.jpg (79.4 KB, 61 views)
    • File Type: jpg 2.jpg (73.6 KB, 58 views)
    • File Type: jpg 3.jpg (80.2 KB, 58 views)
    • File Type: jpg 4.jpg (75.8 KB, 57 views)
    • File Type: jpg 5.jpg (88.5 KB, 58 views)

Similar Threads

  1. Replies: 3
    Last Post: 08-03-09, 07:57 PM
  2. States' Revenue Report
    By don in forum News
    Replies: 12
    Last Post: 06-19-09, 11:45 AM
  3. IRS Revenue plunges 34%
    By flintlock in forum News
    Replies: 3
    Last Post: 05-27-09, 02:40 PM
  4. TheAntiTerrorist on Corporate Revenue Collection
    By Sapiens in forum Rant and Rave
    Replies: 0
    Last Post: 01-16-09, 12:33 PM
  5. Hemline Indicator now obsolete?
    By GRG55 in forum Rant and Rave
    Replies: 2
    Last Post: 04-29-08, 10:06 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Opinions expressed herein are those of the posters, not those of iTulip, Inc., its owners, or management. All material posted on this board becomes the intellectual property of the poster and iTulip, Inc., and may not be reposted in full on another website without the express written permission of iTulip, Inc. By exception, the original registered iTulip member who authored a post may repost his or her own material on other sites. Permission is hereby granted to repost brief excerpts of material from this forum on other websites provided that attribution and a link to the source is included with the reposted material.

Nothing on this website is intended or should be construed as investment advice. It is intended to be used for informational and entertainment purposes only. We reserve the right to make changes, including change in price, content, description, terms, etc. at any time without notice. By using this board you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions. Read full legal disclaimer.

Journalists are not permitted to contact iTulip members through this forum's email and personal messaging services without written permission from iTulip, Inc. Requests for permission may be made via Contact Us.

Objectionable posts may be reported to the board administrators via Contact Us.