Posted by Common Right Group on September 27, 1997 at 05:34:32:
In Reply to: legal status of money posted by Two Cities on September 26, 1997 at 15:10:23:
: What is the legal status of a UNITED STATES POSTAL MONEY ORDER?
: Is this an order to redeem in lawful money?
: What is the legal status of a UNITED STATES NOTE?
: Is this a Bearer instrument with rights of property?
: What is the legal status of a FEDERAL RESERVE NOTE?
: Is this an obligation of the United States to a private entity?
: Does a holder of an FRN have property rights or only equitable
: rights? Does touching one of these adhere all the contract clauses
: of the Federal Reserve Act to the holder?
: Is that why the federal income tax is an excise tax, a tax on the
: activity of using private credit instruments without rights of
Who says the federal Income Tax is an excise tax on the 'privilege' of using credit instruments without rights of property? Whether we hold and use silver, gold, "Pay To" instruments, "Pay to the Orde4r of" instruments, credit notes, FRN's, or notes from Mommy, they all represent fruits of our labor which IS exclusive and peculiar private property regardless of how accounted for.
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