Saturday, January 06, 2007

THE INCREASE IN THE MINIMUM WAGE IS ESSENTIALLY "TAXATION WITHOUT REPRESENTATION"

The raise in the minimum wage issue, when understood, is one of the best examples of bipartisan doublespeak and issues management. Democrats and Republicans dutifully parrot the rhetoric that is carefully designed to hype emotions and provide profits to the business-as-usual commercial schemes of their corporate masters.

Since Congress relinquished its power to coin money to a private cartel of bankers in 1913, there has been a progressive hidden tax involved with the minting of metallically devalued coins and the printing of Federal Reserve notes. For instance; It cost the owners of the Federal Reserve between $.04 (four cents) and $.07 (seven cents) to print a "bill" of any denomination. At 4 cents per bill, for every $10 of a man (or woman's) labor, $9.96 is pocketed by the owners of the Federal Reserve and an additional $2 (approximately 20% of the $10) is demanded by IRS agents on behalf of their employers; the owners of the Federal Reserve. Therefore, for every $10 of a man or woman's labor, that man or woman is indebted approximately $11.96 to the owners of the Federal Reserve.

If and When the wage increase (currently before Congress) goes into effect, it will not be the perceived "wage earner" who will profit; nor will it be the businessman or woman for whom the laborer, labors. The ONLY people who will profit from this increase will be the owners of the Federal Reserve and their parent corporation.

Here's the math:
At 4 cents/bill, the owners of the Federal Reserve will profit $1.92 for the two (2) additional bills they will print, plus the additional 20% (i.e., $.384 cents) from the collection of additional "Income Tax", thereby bringing their total hourly increase per laborer to an approximate $2.304 per hour.

For a forty (40) hour work week, at $2.304 per hour, the laborer will have increased his or her indebtedness , and the owners of the Federal Reserve's profits, an additional $92.16.

Over a 52 week work year, therefore, the owners of the Federal Reserve will have profited an additional $4,792.32 from every man and woman upon whom their noble representatives bestowed this perceived increase.

Unlike the monetary system outlined in the Constitution for these united States of America and the Coinage Act of 1791, we have today a despicable system of voluntary servitude that, with little disruption to the average American, could be legislated back under the powers of Congress whereby the IRS would be abolished, and the $9.96 for each $10 of an American's labor would be recycled into Constitutionally delegated services to be provided by Congress.

The continued bipartisan perpetuation of this irresponsible fraud on the American people by their elected representatives is morally reprehensible and solemn consideration should be given to any emotionally driven support you should have for the proposed wage increase currently before your representatives in Congress.