Skeptic Project

I'm not American, but I'm fairly sure punctuation isn't taxed there.

//When the Bankers raise taxes on the Rich do the tax dollars just go to the Bankers how does this work//

From: http://www.publiceye.org/conspire/flaherty/Federal_Reserve.html</p>

''Facts: The Federal Reserve rebates its net earnings to the Treasury every year. Consequently, the interest the Treasury pays to the Fed is returned, so the money borrowed from the Fed has no net interest obligation for the Treasury. The government could print its own currency independent of the Fed, but there would be no effective safeguards against abuse of this power for political gain.''

''Facts: The Federal Reserve banks have only a small share of the total national debt (about 7%). Therefore, only a small share of the interest on the debt goes to the Fed. Regardless, the Fed rebates that interest to the Treasury every year, so the debt held by the Fed carries no net interest obligation for the government. In addition, it is Congress, not the Federal Reserve, who is responsible for the federal budget and the national debt.''

At the very least we should make Social Security a true flat tax, removing the top income cap; and institute something like the Tobin tax on financial transactions to put some brakes on a counter-productive level of financial speculation.

Some of the stuff has already been answered on this thread, but since I've written more about this stuff on the site than others on the forum, I think I can weigh in nicely.

>> I have a question about the so called Private Federal Reserve Bank and a Progressive Tax System

They're both 100% unrelated. The Federal Reserve isn't private at all, any more so than the Post Office or Social Security Administration are. The idea of progressive taxes have been around longer than the country has. Thomas Paine who was glorified by people like Glenn Beck even proposed an agrarian tax to heavily "redistribute" wealth to the poor.

>> I have heard people who talk about the New World Order Elites and the Wealthy or Rich Federal Reserve Bankers say that the Banking Elite supports and funds Marxism Socialism Communism and the Left Wing in general

Total lies, not even remotely true. Not only because there's no such thing as "NWO Elites" or "Rich Federal Reserve Bankers," but because even if there were, there's zero historical precedence that said invisible elites or rich bankers have funded Marxists or people on the far left. In fact it's the opposite, even while Glenn Beck bitches and moans about George Soros trying to change the country to socialism, keep in mind Soros -- even though he is rich and on the left -- helped greatly fund the downfall of various Soviet satellite states. The idea that the rich would create their own down fall is not only false, it is solely rooted in paranoid minds that need to reconcile why they think they're smart but don't understand why they're poor, so it must be a vast conspiracy to keep them down.

>> what I don't understand is why would the Elite support Socialism which believes in a Progressive Tax System

Firstly, and this is a very important distinction to make, socialists do believe in progressive tax systems, but just because one believes in a progressive tax system does NOT make one even close to a socialist. The ideas are 100% independent of each other.

>> when the Elite Bankers themselves are Wealthy my question is taking from the Rich and giving to the Poor just a con game ?

There's no such thing as "elite bankers." There is no system in the US aside from various welfare and social programs to "take" from the rich and "give" to the poor, and this constitutes less than 1% of social budgets, most go to health care, not into the pockets of the poor. It isn't a con game, because a con game would imply that's what they claim they're doing, but they never say that. Glenn Beck says that's what's "really going on," but the reality isn't even close to that.

>> When the Bankers raise taxes on the Rich do the tax dollars

Let me stop you right there, the banks have nothing at all to do with taxes, that's the government.

>> just go to the Bankers how does this work since the Democrats

Taxes go to the government, not to banks.

>> claim they will tax the Rich raise taxes on the Wealthy is the whole Wealth Redistribution thing just a tool to get votes ?

It's a tool to demonize other people, so in a way, yeah it's to get votes.