Thursday, February 09, 2017

TAXING* MATH 101 - WHO PROFITS WHEN "MINIMUM WAGE" IS RAISED?

"Gov. Tom Wolf outlined plans Tuesday to increase the state’s minimum wage from $7.25 to $12 an hour, while also making another effort to implement a 6.5 percent tax on natural gas production in Pennsylvania and eliminating some existing exemptions for sales and use taxes. . . . "
So; Who profits when "minimum wage" is raised? Is it the people who are still on "minimum wage"? Or, is it the owners of the system which prints the notes?

Here's an excerpt from the text at https://www.federalreserve.gov/faqs/currency_12771.htm.
" . . . the Federal Reserve Board projects the likely demand for new currency, and places an order with the Department of the Treasury's Bureau of Engraving and Printing, which produces U.S. currency and charges the Board for the cost of production. . . . "
DenominationCost of Production
$1 and $2 5.5 cents per note
$5 10.9 cents per note
$10 9.9 cents per note
$20 and $50 10.6 cents per note
$100 14.3 cents per note
Do the math and ask:
Why am I being "taxed" for ANYTHING while the Board for the owners of the Federal Reserve has an unidentified "Department of the Treasury" print "notes" for pennies on the dollar?

Because U.S. Constitution, Article 1, Section 10, substance mandated 'tender' was removed from our nation's coin aren't we, the people, the CREDITORS and the Feds the DEBTORS?

What prevents Governor Wolf from OFFSETTING his own, and every man, woman and child's account and dissolving the Fed's corporation for its waste and abuse of resources, human and other?
Since Governor Wolf, and other elected and government employees, accept 'tender' with a currency foreign to that mandated by the Constitution to which they swore their oath, are we being governed by an occupying power?

*taxing  adjective

Requiring great or extreme bodily, mental, or spiritual strength: