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Lincoln also took on the bankers and that brave bold step may also have cost him his life.
During the Civil War (from 1861-1865), President Lincoln needed money to finance the War for the North. The Bankers were going to charge him 24% to 36% interest. Lincoln was horrified and greatly distressed, and he would not think of plunging his beloved country into a debt that the country would find impossible to pay back.
So Lincoln advised Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue. At one point he wrote: "... (we) gave the people of this Republic the greatest blessing they have ever had - their own paper money to pay their own debts..."
The Treasury notes were printed with green ink on the back, so the people called them "Greenbacks". Lincoln had printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service empoyees, and bought supplies for the war.
Originally posted by thisguyrighthere
reply to post by Mr Sunchine
I believe you are mistaken. There was nothing before 1913. The Sun never rose. Children did not play. Nothing but darkness. The few people who managed the difficult and painful task of existing were lucky to make it past the age of 5.
At least that's what I learned in government school.
Originally posted by thisguyrighthere
reply to post by Mr Sunchine
I believe you are mistaken. There was nothing before 1913. The Sun never rose. Children did not play. Nothing but darkness. The few people who managed the difficult and painful task of existing were lucky to make it past the age of 5.
At least that's what I learned in government school.
Originally posted by thisguyrighthere
reply to post by Mr Sunchine
Take it back to the Pilgrims and how without the crown's full financial support they never would have been able to flee the crown and build a new life and settlement.
Maybe there's a federal grant I can get to fund my secession?
Originally posted by Mr Sunchine
Originally posted by EarthCitizen07
Originally posted by Mr Sunchine
reply to post by EarthCitizen07
LMAO, I don't know anything about anarchists other than they are a bunch of pot smokers, but Libertarian/Conservatives don't live in lala land like you suggest.
It is the socialist that lives in a lala land where they think everyone should have everythign provided to them by the government and then expects everyone to work as hard as possible to end up with the same reward as the laziest in the group. Socialists think someone will invest to create jobs and new businesses just so they can get all their profits taken away in the form of taxes. Now that is delusional for you.
So only the working people should pay taxes? Are they suckers or what?
You got a distorted view my friend or your not good with words, I am not sure which is true.
Not sure where you are going with this because you don't make a damn bit of sense to me. However, only working people and companies do pay taxes that actually net a "profit" for the government. People living on entititlements and government workers produce a net "loss" for the government. If you cannot figure that out in under five minutes maybe you should retake basic math.
Yeah ok I get it tough guy, but PERCENTAGE WISE who pays the most?
The middle class, rich people or corporations? Most working people earning less than lets say $100,000 a year cannot afford tax attorneys or even if they can, they don't stand to save much as the wealthy because all the loopholes favor them.
Originally posted by EarthCitizen07
Yeah ok I get it tough guy, but PERCENTAGE WISE who pays the most?
The middle class, rich people or corporations? Most working people earning less than lets say $100,000 a year cannot afford tax attorneys or even if they can, they don't stand to save much as the wealthy because all the loopholes favor them.
Thats why the tax code is so damm complicated! And I would not worry about the poor because they are not exactly living it up in las vegas or eating lobster more than once a month.
Originally posted by Mr Sunchine
reply to post by EarthCitizen07
Yeah ok I get it tough guy, but PERCENTAGE WISE who pays the most?
The middle class, rich people or corporations? Most working people earning less than lets say $100,000 a year cannot afford tax attorneys or even if they can, they don't stand to save much as the wealthy because all the loopholes favor them.
The top 5% pay the most. That top 5% pays nearly half of the taxes in this country. I am not sure what your point is about tax attorneys and tax code. If your beloved government didn't create such complicated tax code then people woudnt need a tax attorney and there woudnt be loopholes. How about a flat tax or a national sales tax to replace this mess?
Personally, I have never understood why the rich and corps are taxed more than middle class americans. The poor and middle class use way more government services than any rich person. So basically we are making rich people pay more for less service. That is like saying if you go to McDonalds the poor person pays 1 penny for a biggiesized big mac combo meal, and the rich person pays $1000 for something off the dollar menu. Is that fair?
[edit on 23-2-2010 by Mr Sunchine]
Originally posted by EarthCitizen07
reply to post by Mr Sunchine
What makes you think the rich use less government services?
Originally posted by EarthCitizen07
reply to post by Mr Sunchine
What makes you think the rich use less government services?