1776 and the Economics of Government | Crypto Craft

  • 1776 and the Economics of Government

    From stlouisfed.org

    This July Fourth, Americans will commemorate the 250th anniversary of the adoption of the Declaration of Independence in 1776. This year, 2026, also marks the 250th anniversary of the publication of Adam Smith’s The Wealth of Nations.1 Smith’s work was foundational to economic thought on capitalism, the use of money, and the place that government and taxation occupy in the economy. Just as the U.S. has grown substantially during the past two and a half centuries—from under 3 million people in 13 colonies to over 300 million people spanning 50 states—so have economic theories on government and the economy. In ... (full story)

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Riziq-Cap
May 19, 2026 4:45pm
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Prior to the declaration many scholars argue the tea tax act sparked the revolt that lead to the declaration.... the details of the tax was 3 pence per pound or around 3%....

These chads literally flipped the biggest empire in the world with its yiddish merchants over 3% tax on tea!!!
- not universal tax on everything, but only TEA!!!

Now people are taxed up to 50% of their income, additionally many hidden taxes such as inflation, interests, property tax, high living expenses and people put up with it - its truly moronic!

Companies pay taxes after its expenses, while citizens pay taxes before expenses - a company have more privileges than humans in western society

by my interactions online, it seems like I have much more in common with these guys than any westerner and I truly fully support their cause - secession is the only way forward

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Rodeo3237
May 21, 2026 3:34pm
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Slavery in The wealth of Nation is not that profitable…
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Trader#3898
May 23, 2026 10:19am
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HY SIR
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