Monday, December 06, 2010
time to wake up
I found this on the web, thought it was worth sharing:
Since Federal Reserve policy directly impacts bracket creep - whereby inflation effects push people into higher and higher tax brackets without any actual increase in their purchasing power - shouldn't the Federal Reserve be subject to direct election on the basis of "No Taxation without Representation"?
Since Federal Reserve policy directly impacts bracket creep - whereby inflation effects push people into higher and higher tax brackets without any actual increase in their purchasing power - shouldn't the Federal Reserve be subject to direct election on the basis of "No Taxation without Representation"?
# posted by space @ 10:04 AM 
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Except the Federal Reserve Board is appointed by the President and approved by Congress (from which it derives its authority). If I accept your premise that it is taxation, this would be "taxation with representation".
http://en.wikipedia.org/wiki/Federal_Reserve_System
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http://en.wikipedia.org/wiki/Federal_Reserve_System
# posted by 
: 1/14/2011 12:09 PM
: 1/14/2011 12:09 PM 
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