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None Dare Call It Conspiracy
by Gary Allen
1972, paperback, p58
New World Order
One World Government
international financiers
investment bankers
J.P. Morgan
central banks
Wall Street
Federal Reserve
income tax
tax exempt foundations

The best way for the [global financial elite] Insiders to eliminate growing Competition was to impose a progressive income tax on their competitors while writing the laws so as to include built-in escape hatches for themselves.

... The escape hatch for the Insiders to avoid paying taxes was ready. By the time the [income tax] Amendment had been approved by the states (even before the income tax was passed), the Rockefellers and Carnegie foundations were in full operation. [The] monopolists could now compound their wealth tax-free while competitors had to face a graduated income tax which made it difficult to amass capital.