G Edward Griffin

The Perfect Tax

The Federal Reserve Creeates money out of nothing for the government and the banking cartel.

This causes inflation and a loss of purchasing power.

That loss becomes a hidden tax paid to the government and their partners in banking.

It is the most insideous tax of all.

The purpose of the incomne tax is not to raise money for the government. It is to alter the character of american life.

"The principle purpose of taxation is to attain more equality of wealth and income than would result from economic forces working alone.

The taxes which are effected for this purpose are the graduated income tax, the progressive estate tax, and the gift tax.

These taxes should be defended and attacked in terms of their effect on the character of american life, not as revenue measures."

• Beardsley Ruml - Chairman of the New York Federal Reserve