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Ron Paul: True Financial Reform Starts with Fed Reserve Powers
1 CommentTexas Congressman Ron Paul reacts to Senator Dodd’s proposed financial reform legislation by saying it gives more power to the Fed and ‘doesn’t do the job.’ Paul believes that any consumer protection agency should be independent and not be part of the Federal Reserve. True reform is the reform of the Federal Reserve and the whole concept of the Federal Reserve being able to create money.
Published on March 16, 2010 · Filed under: Videos;
One Response to “Ron Paul: True Financial Reform Starts with Fed Reserve Powers”
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alfian said on April 14th, 2012 at 5:10 am
I would remove all of the oincme tax mumbo-jumbo, and I would instate a consistent flat tax everyone pays 15% if their oincme to the federal government. None of this tax shelter crap. No loop holes. You make $200K per year, you pay $30K in taxes. You make $50K per year, you pay $7,500 in taxes. Everyone pays the same percentage none of this crap of people paying more or less depending on their annual oincme level. And there wouldn’t be all these deductions just pay your taxes.That way, there wouldn’t be all the issues with the bottom line, who pays what, and if you tax one group, another group gets it passed onto them. If everyone is paying the same, no matter what they make, if they try to pass it on, they will pay more because they will make more.I would also eliminate the practice of companies calling rate hikes “taxes”. You hike your rates, that is that you pay more because it is oincme. None of this crap of calling it a tax so you can make more money without having to pay taxes on it. Only the state and federal government can initiate taxes.I am not looking to “spread the wealth around”, like conservatives are trying to say that individuals such as myself are trying to do. I just want everyone to pay their fair share to make money in this nation. This is NOT punishing anyone for being successful. It IS making everyone pay for their advantage so that everyone pays their share towards what is used in this nation. And a millionaire doesn’t use less of the federal government programs than someone on welfare they are just using some of the different programs. They still need money to function, and they should pay for that as well. They enjoy the security of this nation’s military they can pony up 15% for the protection.
