Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913

On February 3rd, 1913 the 16th Amendment to the U.S. Constitution was ratified. Later that year, the United States Revenue Act of 1913 imposed a personal income tax on the American people and we have had one ever since. Without a personal income tax, it is hard to have a central bank. It takes a lot of money to finance all of the government debt that a central banking system creates. It is no accident that the 16th Amendment was ratified in 1913 and the Federal Reserve system was also created in 1913. They have a symbiotic relationship and they are designed to work together. We could fill Congress with people that are committed to ending this oppressive system, but so far we have chosen not to do that. So our children and our grandchildren will face a lifetime of debt slavery because of us. I am sure they will be thankful for that.