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<p>[QUOTE=&quot;doug444, post: 2701676, member: 38849&quot;]sakata, they didn&#039;t devalue the dollar by 42%; the next day, a dollar still bought a dozen cans of soup, or lunch for a woman and two kids, or 9 gallons of gas (these are approximations).</p><p><br /></p><p>A dollar bought less gold, but that was intentional, and allowed the Fed&#039;s balance sheet to be reset without harming the general population.</p><p><br /></p><p>I seem to recall reading, and maybe someone else can find this, that a major no-holds-barred confiscation only yields about enough money to run the country for three days, and on that basis, confiscation of gold or silver is unlikely, considering how much violence and hatred it would cause.</p><p><br /></p><p>The real money comes from raising income taxes and shrinking the brackets.&nbsp; In 1950, the top bracket ($400K +) was 84%.&nbsp; By 1960, it was 91%.&nbsp; In 1970, it was &quot;only&quot; 72%, but for $200K +.&nbsp; These are for married filing jointly.</p><p><br /></p><p>You can study the chart at:</p><p><a href="https://web.stanford.edu/class/polisci120a/immigration/Federal%20Tax%20Brackets.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://web.stanford.edu/class/polisci120a/immigration/Federal%20Tax%20Brackets.pdf" rel="nofollow">https://web.stanford.edu/class/polisci120a/immigration/Federal Tax Brackets.pdf</a>[/QUOTE]</p><p><br /></p>

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