> > What previous position? > > You are still welcome to quote me on that 'previous position' > > This position: > > On Tuesday, October 7, 2003, at 12:38 PM, Danny Van den Berghe wrote: > > > One can prefer to pay the 10% voluntarily, but then the disadvantage > > is that > > some people may cheat.
Do you see any mention of enforcing paper money on people here?? What you quote here is not any 'previous position', nothing has been changed. This quote was in response to somebody who brought the example of the caliphate where there was voluntary taxation. If taxation is voluntary then of course it is easy to cheat on the system and not pay your share > You stated previously that 10% inflation (or whatever number > the state planners decide is best for "the general welfare") is > great for economic growth. My position was and is that a paper money system alongside a free market has all the advantages that paper money gives (extra liquidity in the system) and all the advantages of gold too because is freely available and if the paper currency system is abused people will flock to gold. It does not enforce anything on anybody, so Jim made false assumptions. > Above, you seem to be clearly in favor of inflation (which is > nothing but disguised theft of property, and therefore of an > individual's life), precisely because a _voluntary_ 10% > taxation scheme wouldn't actually work. The inflation is not theft if you are free to exchange your dollars for gold as soon as you receive them. I have pointed that out again and again, I wouldn't know what could possibly be simpler. When you have paper money alongside gold and silver and other stores of value, you have the best of both worlds. Nobody stops you from doing all your business in gold. Nobody stops you from exchanging all your dollars and euros into gold as soon as you can. Nobody forces you to stay in the paper currency and wait with it loosing 10% to inflation every year. So where is the theft? > So you clearly understand that the only way to rob an > individual of 10% of his hard-earned wealth is through force > and/or fraud, and inflation is both. I am not advocating that people should be robbed of 10% of their wealth. You also seem to forget that when 10% extra paper money is added in the circulation, this money ends up in somebody's pockets and it could very well be yours. Even if the new money is wasted by stupid governments and goes to corrupt government contractors in the first stage, these contractors will use the new money again on equipment and materials they need, or blow it in the casino, so somehow the new money spreads in the economy and becomes somebody's new wealth. That is conventiently forgotten when you focus on the 10% theft in form of inflation that eats the value of your money. And here is an important point. Those who just sit on their money are not in a position to take up their fair share of this 10% new paper money, because they are not participating in the economy. But anybody else who is in business will somehow catch a piece of the new money that was added to the liquidity. Anybody who wants to sit on his money is simply an idiot when he stays in fiat currency. He can buy gold to avoid the inflation. > Yet you're fine with this, and refer to the action of protecting > one's rightful property from thieves as 'cheating'. That is taken out of context. The 'cheating' refers to the easy possibility to cheat in a voluntary taxation system. > Your values are inverted, like those of most people > who've been brainwashed by the perpetrators of this > fraud. Oh, I don't need your stamp of approval. I have explained as best I can. Those with open mind will find a way to understand what is said. Those with closed minds always find ways to misunderstand what is said. I have only found these two kinds of people in my life. It is a waste of time to argue with closed mind person who is only looking for ways to disagree. Danny --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
