That model started to dissolve in the late 19th century and by
the end of the 20th century, that model was tossed.
Immigration was now based on the US government’s need for taxes to support
the socialist policies it adopted as early as the 1870s with government land
grabs resulting in government owning 1/3rd of the US land mass.
In 1913 government established the income tax with the top rate eventually
reaching 90%. Congress gave its power to coin money to a private, unelected
Federal Reserve and they began to print money and the value of the US dollar
fell to 3 cents. The US government would violate the Constitution from here on
By the late 1930s government had established Social Security and the
Department of Organized Labor. By the late 1960s government had established
Medicare and Welfare and expanded immigration. By the late 2000s, the
government had established the Departments of Education Energy, Health and
Human Services and Homeland Security.
By 2000, the US was set up to decline. Tariffs were all but eliminated to
accommodate global corporations. Immigration was out of control. Millions of jobs had been off-shored permanently.
Household income declined. Government spending skyrocketed.
Europe had adopted the Vat Tax as a replacement for tariffs, but the US
didn’t. At this point, a Vat Tax would
break us. Tariffs were paid by the importer to the government. Then the importer would add that to the
price. The Vat Tax is paid by the
domestic consumer like a sales tax.
Angus Deaton, Princeton Economics Professor received the Nobel Prize this
year. He studied consumption and correctly equated it with demand. He then
stated that consumers needed liquidity, but didn’t assign responsibility to
increase liquidity to the individual consumers. He studied savings, but he
didn’t mention that saving money is discouraged by money printing, inflation
and loss of currency value (debasement). He concluded that malnutrition was
caused by poverty. He made up countless mathematical equations, but didn’t
address how governments keep their populations in poverty.http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2015/
Universities need to reorganize and move Economics, Environmental Studies
and Climate Science to the Political Science Department.
Norb Leahy, Dunwoody GA Tea Party Leader
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