The Method of Taxation, An Illegal Undertaking By Government
Submitted by The People’s Democratic Congress (PDC)
Having in the last PDC submission illuminated, to some extent, the close relationships between the Taxation policy of the government, and the financial policy of both the government and the financial private sector in Barbados, we now take this opportunity to use this column, this time around, to effect the five following goals.
To state categorically that government CANNOT TAX money (only INCOMES, PAYMENTS, TRANSFERS)
To prove once again that there are many fundamental differences between money and nominal income, nominal wages, etc
To attempt to convince as many people as possible in Barbados that there are definite casual relationships between TAXATION policy and increased mass suffering and misery that is taking place among the broad masses and middle classes of people of this country.
To show once again that inflation is a bogus false economic concept
To give BU visitors and readers and some members of the Barbadian electorate another opportunity to gain a little more insight and understanding of the very profound rationalizations and syncretisations behind this very liberating powerful political philosophy of NO-TAXATION
Under this virtually centralized nominal TAXATION process in Barbados the government of Barbados CANNOT TAX money – coins, bills, and cards. It cannot therefore TAX 1 cent, 5 cent, 10 cent, 25 cent, 1 dollar, 2 dollars, 5 dollars, 10 dollars, 20 dollars, 50 dollars, 100 dollars, either in themselves or altogether.