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billgreenjeans
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The Power To Tax Is the Power To Destroy

- Peter Schiff - Euro Pacific Capital

Peter is an intelligent and bright fellow and has hit on the problem in his video here: http://www.youtube.com/watch?v=NNCyEC9r_mk

However he did not realize what he discovered because he began with an incorrect premise. He thinks that the court is deciding cases for California, New York, Iowa, etc when in fact that is not the case at all because Peter did not read the courts rules which is clear on what “states” they are talking about when they give their opinion. It's rule 47 that tells the tell :
“Rule 47. Reference to “State Court” and “State Law”
The term “state court,” when used in these Rules, includes the District of Columbia Court of Appeals, the Supreme Court of the Commonwealth of Puerto Rico, the courts of the Northern Mariana Islands, and the local courts of Guam. References in these Rules to the statutes of a State include the statutes of the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, and the Territory of Guam.”
The word “includes” is limiting it to what is stated and nothing more. Here is the dictionary definition: To confine within; to hold; to contain; to shut up;
This seems strange to most and is ignored by most lawyers however true legal scholars will admit that the court is for those “states” listed and none others. So when Peter looks at his brilliant analysis in that light then the courts opinion is correct. The problem is that most people believe that they ACA effects them because they believe that Congress gives commands for them when in fact they are commanding only those states list. This has huge consequence in every aspect of federal law including taxation because very little of what the federal government does relates to the 50 states and everything to do with the states listed in rule 47.

Commented 4315 days ago

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Beginning of the headline : The Supreme Court decision is devastating for the economy and individual liberty.Apart from creating an all powerful federal government, changing substantially what it means to be an American, the law will send health care costs soaring, further undermining our economy.It will destroy jobs, impoverish millions, and lead to much higher inflation and lower living standards... Read More

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