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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><b><span style='font-size:14.0pt;font-family:"Calibri Light",sans-serif'>From:</span></b><span style='font-size:14.0pt;font-family:"Calibri Light",sans-serif'> extropy-chat [mailto:extropy-chat-bounces@lists.extropy.org] <b>On Behalf Of </b>William Flynn Wallace<br><b>Sent:</b> Wednesday, May 04, 2016 5:36 PM<br><b>To:</b> ExI chat list <extropy-chat@lists.extropy.org><br><b>Subject:</b> Re: [ExI] relationships with money, was: RE: extropy-chat Digest, Vol 152, Issue 3<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Calibri Light",sans-serif'><o:p> </o:p></span></p><div><div><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Calibri Light",sans-serif'>>>…<span style='color:#222222'>If the US government began to indicate it intended to illegally seize US citizens’ assets without due process (such as a criminal conviction) yanks would sell their holdings to foreigners and flee with the foreign currency</span>…<span style='color:black'><o:p></o:p></span></span></p><div><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Calibri Light",sans-serif;color:black'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Calibri Light",sans-serif'>>…<span style='color:black'>But Spike, they already have the lawful means. All they have to do is to change the tax rates. Remember 90%?</span> <span style='color:black'>bill w</span> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Calibri Light",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Calibri Light",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Calibri Light",sans-serif'>Again, this conflates what we earn with what we own. The Fed can tax every earning at 100%. They would collect nothing, for no one would work. The population would need to spend their time hunting and gathering. But the Fed may not seize what we already own. The Fed may not seize assets, only earnings.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Calibri Light",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Calibri Light",sans-serif'>There are plenty of examples of contemporary political rhetoric which ignores this distinction between what we earn and what we own. Once we own, it is forever out of reach of the Fed (but not state governments.)<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Calibri Light",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Calibri Light",sans-serif'>spike<o:p></o:p></span></p></div></div></div><div><p class=MsoNormal><o:p> </o:p></p></div></div></body></html>