nixy Posted February 13, 2015 Posted February 13, 2015 Hello All First post. I was going to email enquiries (a person) at the 'Bank of England' for answers to questions. Any suggestions as to content, style ..... or even grammar? Trying to keep it short and to the point. Cheers Nick Dear Sir / Madam The following questions are neither frivolous nor rhetorical, I require clear answers to both. 1. How long would the present banking system last without forced guarantee of people who pay tax, both live and, as yet unborn? 2. How long would the present banking system last if people were not coerced, under a threat of violence, to pay tax ? ..... In others words people were truly free to chose the goods & services they wanted. Thank You. --
PatrickC Posted February 13, 2015 Posted February 13, 2015 Interesting idea. My first thought is that taxation is a secondary reason why the current banking system survives. I'm curious what they would think if they had actual currency competition. As opposed to the current monopoly handed to them by the state.
nixy Posted February 15, 2015 Author Posted February 15, 2015 Interesting idea. My first thought is that taxation is a secondary reason why the current banking system survives. I'm curious what they would think if they had actual currency competition. As opposed to the current monopoly handed to them by the state. What do you reckon is the primary reason? The likes of SM say (?) that without the threat of violence, of all people (especially gov staff) all currencies are free to use, as they are now, but government debt would have to be underwritten by voluntary payment, rather than forced. Greek people would never have been subjected to the level debt and austerity, if tax payers were not forced / coerced to underwrite the debt. ?
PatrickC Posted February 16, 2015 Posted February 16, 2015 What do you reckon is the primary reason? The likes of SM say (?) that without the threat of violence, of all people (especially gov staff) all currencies are free to use, as they are now, but government debt would have to be underwritten by voluntary payment, rather than forced. Greek people would never have been subjected to the level debt and austerity, if tax payers were not forced / coerced to underwrite the debt. ? That might well be the case. Except I don't think many bankers relate the taxation with banking profits anaology quite so well. What they do understand is the monopoly they have on the currency. Which allows them to inflate the currency with relative impunity. Anyway, just my opinion on the matter of course.
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