Saturday, September 22, 2018

Wage Slavery & Taxes

In a paper published by Edward J. McCaffery titled "The Death of the Income Tax" he explains how the income tax became a wage tax & was suberted by generations of work by armies of lawyers, lobbyists & paid pseudo-schollars.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3242314#.W5DxjAm3U4g.facebook
When the income tax was first proposed, its target was to recoup some of the money created by the use of private money$ (currently Federal Reserve Notes & accounting money$ loaned into existence by banks), Corporate privilege, & Land Ownership.
All of these income was derived from paper (notational) money and the interest on that money. This was unearned income "a.k.a. economic rent, passive income, land values"), from privileges granted by government to a self selected few & mostly earned jointly by the privateers & a crew of commoners from common property; but not shared with the crew, i.e. privateering.
Anyway the income tax made sure financial capitalism generated profit for everyone while moderating the tyrannical impulses of the private separate interests who otherwise would have continued to build massive forces on the backs of labor. It's gradual demise reflects the efforts of those powerful interests & their avatars over a period of more than 70 years.
It was never intended to be a tax on labor. Income from labor is earned, compensation for energy expended & little is net income after food, transport, housing & other taxes (economic rent is a form of private tax).  Taxing labor compensation violates basic principles of fairness and is thus unjust oppression, especially when it was never the original purpose of the income tax! But anyway,
Read the article so you'll see for yourself:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3242314#.W5DxjAm3U4g.facebook

I'm publishing now, as this is a small piece of a longer argument.

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