Starve The Beast

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808racer

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When "Obama Care" kicks in a couple years people can forget about that type of savings account, the IRS is already making plans on how they will be enforcing that law and taking that money.

The IRS is going to need an additional ~$825,000,000/yr just to pay the salaries of the 16,500 new troops...errr agents. So, they will get there money one way or another, and borrow the difference in the meantime.
 

henschman

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I am all for making sure as little of the product of my labor goes to taxes as possible ... at ALL levels of government, not just Mordor on the Potomac.

Another way to do this is to buy as much as possible online rather than locally. Even if something is the same price or even a little bit cheaper at a local retail outlet, I buy online. Amazon Prime has become my good friend. Even better is a face to face cash deal, like Armslist or OSA Classifieds. You get bonus points if you use barter or alternative currency like gold or silver.

Of course as others have pointed out, the Fed just monetizes the difference when there is a deficit... but making sure they take in as little as possible in revenues just hastens the popping of the dollar bubble, and the end of this whole ridiculous farce. Plus it makes you less responsible for the many immoral things that are done with those tax dollars.
 

Wolfer69

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As I read the above, I am struck. We cannot do anything. They will do what they want anyway. Just give up. It is not worth the 5 minutes to fill out the paper.

This country was a great experiment for 200 years. But man eventually succumbs to his natural order, which is being a slave.

But for that 200 years, I give you the speaker - Patrick Henry. Forgive us sir, we do not realize what we give away.


They tell us, sir, that we are weak; unable to cope with so formidable an adversary. But when shall we be stronger? Will it be the next week, or the next year? Will it be when we are totally disarmed, and when a British guard shall be stationed in every house? Shall we gather strength by irresolution and inaction? Shall we acquire the means of effectual resistance by lying supinely on our backs and hugging the delusive phantom of hope, until our enemies shall have bound us hand and foot? Sir, we are not weak if we make a proper use of those means which the God of nature hath placed in our power

Patrick Henry, March 23, 1775
 

DPI

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The only way to starve the beast is for our creditors (China) to cut us off.

I think a lot of people use their tax withholding as a type of savings account. I don't agree with the concept, but when they get their refund it feels like more money, because they get it all at once.

China owns about 8% of our debt. Our leaders are printing money to buy our debt!

This is a little aged (2011), but still makes the point. China is not the primary debt holder.

Hong Kong: $121.9 billion (0.9 percent)
Caribbean banking centers: $148.3 (1 percent)
Taiwan: $153.4 billion (1.1 percent)
Brazil: $211.4 billion (1.5 percent)
Oil exporting countries: $229.8 billion (1.6 percent)
Mutual funds: $300.5 billion (2 percent)
Commercial banks: $301.8 billion (2.1 percent)
State, local and federal retirement funds: $320.9 billion (2.2 percent)
Money market mutual funds: $337.7 billion (2.4 percent)
United Kingdom: $346.5 billion (2.4 percent)
Private pension funds: $504.7 billion (3.5 percent)
State and local governments: $506.1 billion (3.5 percent)
Japan: $912.4 billion (6.4 percent)
U.S. households: $959.4 billion (6.6 percent)
China: $1.16 trillion (8 percent)
The U.S. Treasury: $1.63 trillion (11.3 percent)
Social Security trust fund: $2.67 trillion (19 percent)
So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.
 

JD8

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As I read the above, I am struck. We cannot do anything. They will do what they want anyway. Just give up. It is not worth the 5 minutes to fill out the paper.

This country was a great experiment for 200 years. But man eventually succumbs to his natural order, which is being a slave.

But for that 200 years, I give you the speaker - Patrick Henry. Forgive us sir, we do not realize what we give away.


They tell us, sir, that we are weak; unable to cope with so formidable an adversary. But when shall we be stronger? Will it be the next week, or the next year? Will it be when we are totally disarmed, and when a British guard shall be stationed in every house? Shall we gather strength by irresolution and inaction? Shall we acquire the means of effectual resistance by lying supinely on our backs and hugging the delusive phantom of hope, until our enemies shall have bound us hand and foot? Sir, we are not weak if we make a proper use of those means which the God of nature hath placed in our power

Patrick Henry, March 23, 1775

The patriotic appeal to emotion is nice an everything but there are just more meaningful actions to take.

You act like "withholding" our taxes is the only thing we can do.
 

Werewolf

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The patriotic appeal to emotion is nice an everything but there are just more meaningful actions to take.

You act like "withholding" our taxes is the only thing we can do.

It is one thing that can be done (and without much effort) and it would have an impact albeit maybe not as great as the OP would imagine even if the impact is sending a message that Americans are fed up with the goobers in goobermint spending OUR money with little regard to where it goes, who gets it and whether spending it results in a net gain to the USA be it in the long run or short run.

That said: what other actions might we take?
 

O4L

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China owns about 8% of our debt. Our leaders are printing money to buy our debt!

This is a little aged (2011), but still makes the point. China is not the primary debt holder.

Hong Kong: $121.9 billion (0.9 percent)
Caribbean banking centers: $148.3 (1 percent)
Taiwan: $153.4 billion (1.1 percent)
Brazil: $211.4 billion (1.5 percent)
Oil exporting countries: $229.8 billion (1.6 percent)
Mutual funds: $300.5 billion (2 percent)
Commercial banks: $301.8 billion (2.1 percent)
State, local and federal retirement funds: $320.9 billion (2.2 percent)
Money market mutual funds: $337.7 billion (2.4 percent)
United Kingdom: $346.5 billion (2.4 percent)
Private pension funds: $504.7 billion (3.5 percent)
State and local governments: $506.1 billion (3.5 percent)
Japan: $912.4 billion (6.4 percent)
U.S. households: $959.4 billion (6.6 percent)
China: $1.16 trillion (8 percent)
The U.S. Treasury: $1.63 trillion (11.3 percent)
Social Security trust fund: $2.67 trillion (19 percent)
So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.


Okay, if that makes you feel better.
 

WTJ

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I am all for making sure as little of the product of my labor goes to taxes as possible ... at ALL levels of government, not just Mordor on the Potomac.

Another way to do this is to buy as much as possible online rather than locally. Even if something is the same price or even a little bit cheaper at a local retail outlet, I buy online. Amazon Prime has become my good friend. Even better is a face to face cash deal, like Armslist or OSA Classifieds. You get bonus points if you use barter or alternative currency like gold or silver.

Of course as others have pointed out, the Fed just monetizes the difference when there is a deficit... but making sure they take in as little as possible in revenues just hastens the popping of the dollar bubble, and the end of this whole ridiculous farce. Plus it makes you less responsible for the many immoral things that are done with those tax dollars.

Church fan, areya? Hahahaha!
 

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