“No Youth Tax” Amendment Would Outlaw Indebting Future Generations
April 22, 2012 at 8:51 pm in News by Tea Party Patriots 4 Comments
Tea Party Students Launch Petition Protecting Non-Voting Citizens from Taxation and Crushing Debt
Washington, DC – Today, the Tea Party Students launched the “No Youth Tax” petition to support an amendment to the U.S. Constitution which would outlaw Congress’ abusive power to indebt future generations, who do not yet have the right to vote for or against the accumulation of such debts and inevitable resulting taxation. Supporters can sign the petition at: NoYouthTax.com.
A proposed draft of the “No Taxation Without Representation” amendment reads:
“Upon the first day of the first year following the ratification of this Amendment, Congress shall not compel any citizen of the United States to pay for any taxation on the interest nor the principle of debts authorized before that citizen was eligible to vote for representation in the Congress. Only a formal Declaration of War by Congress shall override this policy, and only for war-related debts.”
“Involuntarily indebting children and disproportionately burdening future generations with what amounts to a ‘youth tax’ is anti-American, ageist and anti-youth,” said Danny Oliver, Founder of Tea Party Students. “We invite every American citizen to join us as we implore members of Congress who care about our country and our future to read, revise and ratify this Amendment.”
The petition has already been endorsed by the following organizations:
Young Americans for Mitt Romney
Hampden-Sydney College Tea Party Patriots
Tea Party Youth
University of Minnesota Duluth Tea Party Patriots
Iowa State University Tea Party
Brandeis Tea Party Nation
Dixie State College Republican Tea Party Caucus
Harvard University Tea Party
A-Team Tea Party Youth
College Conservatives
Tea Party Students (TPS) is the first and largest network of Tea Party students and student groups. An independent student advisory panel determines the message and movement of TPS based on the three core values of fiscal responsibility, limited government and free markets.
Visit the site at www.noyouthtax.com
It’s great to hear of such efforts from our younger generations, as they have the most to lose due to the runaway congresses and administrations. Glad to hear that some of you understand what is being heaped upon your shoulders by the tyranny in Washington DC. A salute to all of you!
If I sign this petition, will my signature still count even though I’m not of legal voting age? I love this amendment and am glad that at least a few people looking out for me and the rest of the future generations.
Gold, silver, copper for mankind.
Historically, gold, silver, and copper were used as monetary based on their
fair value as exchange medium in fair trade.
Now, gold and silver are both dismissed from their monetary function. Only copper
is the only metal still left to be used as money. Even so, the copper monetized
today is based upon its face value and not upon its fair value. As such, the
basic form of human ties in transaction is therefore corrupted and not a fair
trade among us anymore.
This calculation was intended to bring back the fair trade for the sake of
just in mankind. Copper will be used as the basic reference, and solely on its
fair value. In monetary term, USD will be used as unit only because of it
recognition worldwide.
Base value = material cost
Face value = denomination value
Base value copper = usd 3.71/lb = USD 0.008/g
Base value nickel = usd 8.15/lb = USD 0.018/g
US dime face value USD 0.10
Dime composition copper 91.67% nickel 8.33%
Dime weight = 2.268g
Dime copper’s weight 2.268g x 0.9167 = 2.079g
Dime nickel’s weight 2.268g x 0.0833 = 0.189g
Dime copper’s base value = 2.079g x USD 0.008/g = USD 0.017
Dime nickel’s base value = 0.189g x USD 0.018/g = USD 0.003
Dime base value = USD 0.02 ( only 20% or one-fifth from its face value usd 0.10)
With a dime, based on its face value you can purchase its base metals 5 times more
than the dime contents ie copper at 2.079g x 5 = 10.395g and nickel at 0.189g x
5 = 0.945g.
10.395g copper x USD 0.008/g = USD 0.083
0.945g nickel x USD 0.018/g = USD 0.017
Total 10.395g copper 0.945g nickel = USD 0.10, base value
Dime 2.079g copper 0.189g nickel = USD 0.10, face value
Total 10.395g copper 0.945g nickel = Dime 2.079g copper 0.189g nickel. Not a
fair trade! Solution?
As such, the dime will be pegged to its face value as unit only, and copper and
nickel price will be adjusted accordingly. (or else fixed the metal base price
and issue new coinage with fair value weightage/content)
Base value copper new = USD 0.04/g
Base value nickel new = USD 0.09/g
Further to this, all good will be priced accordingly
Old silver price USD 1.25/g to new silver price USD 6.25/g
Old gold price USD 56.25/g to new gold price USD 281.25/g
Old rice price USD 0.75/kg to new rice price USD 3.75/kg
With the standardisation of all goods, based on dime unit which transpire on
copper value, gold and silver can now be used as money again against the fiat
money. Any price fluctuation for any goods now will solely be on its actual
fair trade with only stock manipulation rather than purely fiat money price
manipulation based on credit without stock. Stock manipulation is more easily
apprehended and therefore more risky for the manipulator, other than the
lifespan/storage/delivery limitation of the goods. Hopefully in the future, the
rich with whole lot of gold and silver, realised the agony of safekeeping their
wealth/fort, will not recreate the same fiat system again, but acknowledge the
real joy of giving with real goods and not fiat IOU paper.
With the gold and silver standard back again, foreign exchange will now be
back to fair barter trade again. Gold and silver as the commonly accepted
exchange commodities will only exchange hand when the nations traded do not
have common commodities of interest to barter.
In monetary unit, the gold and silver exchange rate when in foreign countries
will depends on the other countries base metal money.
In Canada, Canadian ten cents CAD 0.10 is 1.75g
92% steel x 1.75g x USD 0.003/g = USD 0.005
5.5% copper x 1.75g x USD 0.008/g = USD 0.001
2.5% nickel plating x 1.75g x USD 0.018/g = USD 0.001
Therefore, Canadian ten cents CAD 0.10 base value = USD 0.007
Thus, the exchange rate US dime/Canadian ten cents = USD 0.02/USD 0.007 = 2.8
( because the dime base value was based on old price, the same applies to the
Canadian ten cents. Both must be on the same, either old or new will still give
2.8 )
New silver price USD 6.25/g = CAD 6.25×2.8/g = CAD 17.5/g
In Autralia, Autralian ten cents AUD 0.10 is 5.65g
75% copper x 5.65g x USD 0.008/g = USD 0.034
25% nickel x 5.65g x USD 0.018/g = USD 0.025
Therefore, Autralian ten cents AUD 0.10 base value = USD 0.059
Thus, the exchange rate US dime/Autralian ten cents = USD 0.02/USD 0.059 = 0.3
New silver price USD 6.25/g = AUD 6.25×0.3/g = AUD 1.88/g
Good Day! Pls spiral.