|Subject:||Re: [socialcredit] Douglas: 1923 Ottawa - Part 1|
|Date:||Sunday, October 22, 2006 09:43:57 (-0400)|
|From:||Joe Thomson <thomsonhiyu @....ca>
I found the following extract from Part 1 to be particularly interesting.
Especially in regards to previous discussions that have taken place
regarding the Social Credit view of taxation, and how Government and public
infrastructure might be funded. I would take it, from reading what Douglas
has said here, that his ideas on funding Government are quite different from
those often ascribed to him by many Social Crediters.
(Statement by a Member of the Committee:-) "If paper currency printed and
issued by Governments
was always accepted at its face value, there would be
no need for taxation."
What have you to say to that?-
(Major Douglas:- ) . I should say that it was "A Daniel come to
judgment." That is exactly what I should say-there
would be no need for taxation. You would be able to
provide for what we provide for now by taxation; you
would be able to provide for it by a minute general
rise in prices, prices however being very much lower
than they are at the present time.
(Mr. GOOD:-) I do not understand that remark, Mr.
Chairman. I would like the witness to develop that a
little bit, if I may interrupt.
(Major Douglas:- ) Well, suppose you have a general level of
prices which we will call 100; without going into any
theories on ranges of prices below cost, or anything
like that, but suppose at the present time you have a
general level of prices which we can refer to as 100,
and by some method which it is not necessary to enter
into at all you raise prices to a general level of
101, you are then putting a one per cent tax on
everybody, and that is all you are doing. Now, if you
start with a level of prices which is very much below
100, when you get to that level by some process or
other, (Douglas's Compensated Price Discount - Joe), and having got it down
to that level you raise
it again a little bit, then the difference between
what you had got it down to and what you have raised
it up to is taxation, and it is equal with any other
form of taxation.
By Mr. McMaster:
Q. If you just go up another one per cent next year,
if you go up higher and higher every year by one per
cent, you would get a final addition to the price
A. I am not putting forward any form or scheme in what
I am saying, I am merely giving you a hypothetical
illustration of the fact that a slight rise in price
levels constitutes a general taxation of the public.