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How To Lower Personal Federal Income Taxes and Lower National Debt at the same time !

October 7, 2015

How To Lower Personal Federal Income Taxes and Lower National Debt at the same time !

October 7, 2015
How To Lower Personal Federal Income Taxes and Lower National Debt at the same time !
A simple understanding of -TAXATION.
As Frederick Soddy said,
So elaborately has the real nature of 
this ridiculous proceeding been surrounded with 
confusion by some of the cleverest and most 
skillful advocates the world has ever known, that 
it still is something of a mystery to ordinary 
people, who hold their heads and confess they 
are " unable to understand finance ". It is not 
intended that they should.
Subject: TRUMP IT !
Tax Reform That Will Make America Great Again
The Goals Of Donald J. Trump’s Tax Plan
https://www.donaldjtrump.com/positions/tax-reformGreat Plan!!

Details and Analysis of Donald Trump’s Tax Plan
September 29, 2015
By
Alan Cole
FISCAL FACT No. 482: Details and Analysis of Donald Trump’s Tax Plan (PDF)
Key Findings:
1* Mr. Trump’s tax plan would substantially lower individual income taxes and the corporate income tax and eliminate a number of complex features in the current tax code.
2* Mr. Trump’s plan would cut taxes by $11.98 trillion over the next decade on a static basis.
(Remove following two sentences because this new plan shows how a greater income stream can be created by other ways and means of taxation:…
“However, the plan would end up reducing tax revenues by $10.14 trillion over the next decade when accounting for economic growth from increases in the supply of labor and capital.
The plan would also result in increased outlays due to higher interest on the debt, creating a ten-year deficit somewhat larger than the estimates above.”)
3* According to the Tax Foundation’s Taxes and Growth Model, the plan would significantly reduce marginal tax rates and the cost of capital, which would lead to an 11 percent higher GDP over the long term provided that the tax cut could be appropriately financed.
4* The plan would also lead to a 29 percent larger capital stock, 6.5 percent higher wages, and 5.3 million more full-time equivalent jobs.
5* The plan would cut taxes and lead to higher after-tax incomes for taxpayers at all levels of income.
 
The greatest challenge to over come will be slung at you in a million ways, with millions of cries, “It can’t be done.”,
“You will put us in unbearable debt.”
“We will no longer be able to sustain our  sovereignty.”
So how will you create enough government revenue to create 3-5 million new jobs,
reduce Federal Personal Income Taxes, increase Social Security, have Medicare for all
and decrease the National Debt?
THERE IS A WAY .
While adhering to the basic principle-“The way and means for a ‘capitalistic sovereignty’ is to RAISE TAXES should they wish to increase spending.”
Yet no one explains that there are “other ways” of taxation. There is a method available to us that is no only fair but also of such a magnitude that it could fund this great union
to become…“…a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”

“Capitalism is the “best” system yet devised by mankind” So Where Did We Go Wrong ?

“Capitalism is the “best” system to date devised by mankind. As it is administrated, perhaps, is where the “flaw” is manifested. If capitalism used its Central Bank properly,that is for the betterment of the common good, with equality and justice for all, capitalism would be the best ways and means to help “form a more perfect union….”, (Do not recall where exact quote, Believe ( Pontifical Council Report?).
SOLUTION.(A) ADMINISTRATION.

“LEGISLATE FOR “We the People” WHAT WE HAD LEGISLATED THE CENTRAL BANK TO DO FOR THE Private For Profit Banks (PFPB) ! ISSUE OUR OWN MONEY AS LOANS AND CHARGE A TAX CALLED INTEREST ! ! ! ”

SOLUTION (B) PROPER CENTRAL BANK USAGE.
Create an honest Central Bank that shall fund-
““We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…””
As Einstein said,”Make it simple.”
DISCOVER THE REAL DISHONESTY AND CORRECT IT.
As per Albert Bartlett on Sustainability, “The greatest shortcoming of the human race is our inability to understand the exponential function.”
READ ( http://michael-hudson.com/2001/04/the-mathematical-economics-of-compound-rates-of-interest-a-four-thousand-year-overview-part-ii/
By Michael Hudson
“…. The Mathematics of Compound Interest
A syndicate of less than one hundred American capitalists, if allowed to collect interest on their capital at a low rate and re-invest for 150 years or less, would at the end of that time own the earth and all real and personal property thereon. This is a simple mathematical proposition, capable of exact demonstration, and any one who doubts the truth of this statement may set all doubts at rest by computing compound interest on one and one-half billions of dollars for one hundred and fifty years, at five per cent per annum.
…Flürscheim elaborated that “All exertions, all improvements in the methods and tools of labor, the strictest economy, the severest self-denial, are powerless to compete with the rapidity of self-increase possessed by capital placed at compound interest, and they cannot keep up with its demands.” To illustrate the dynamic at work, he composed an allegory (pp. 327ff.). Many ages after man was driven from Paradise and told “to earn his bread by the sweat of his brow, mercy began to prevail. A loving angel was sent down by the Great Master, charged with the task of lightening the burden. The angel’s name was Spirit of Invention. He began his work by teaching man to make useful tools” and tame animals, and in time to mobilize water power, air and wind power, fire and steam power to drive machinery.
“It seemed that at last the golden era had come of which men had dreamed for ages past,” but “that envious spirit, that fallen angel, Satan,” was jealous that his own empire would soon be over for ever. Among the follies of man, one little imp, called Interest, managed to attract his attention. “‘What is the matter with you, Interest?’ he asked the saucy imp. ‘You don’t seem to be so dejected as your comrades are?’”
“‘Why should I be dejected, master?’ replied the spirit, ‘Am I not one of your favorite soldiers? Haven’t I always been victorious under your august guidance?’”
But Satan answered sadly, “Alas, You are no match for the Spirit of Invention.” The Interest imp, however, volunteered to demonstrate his prowess in a dual, helped by his son, Compound Interest.
At this point, Flürscheim introduced an image that Napier had suggested at the outset of his second book on logarithms in 1617, the Robdologia, likening the principle of geometric increase to that of a chess-board on which each square doubled the number assigned to the preceding one. An old Persian proverb told of a Shah who wished to reward the inventor of chess, a subject, and asked what he would like. To the Shah’s surprise, the man asked “as his only reward that the Shah would give him a single grain of corn, which was to be put on the first square of the chess-board, and to be doubled on each successive square; which, to the surprise of the king, produced an amount larger than the treasures of his whole kingdom could buy. It is this kind of chess-game which capital is continually playing with labor.” The remarkable growth of compound interest soon swallowed “products, capital, the earth and even the workers.”
This was in essence the ploy that Flürscheim’s Compound Interest demon used. “Look at this chess-board,” he told the angel against whom Satan had pitted him. “It seems just like any other chess-board, with sixty-four squares,” but it “had the peculiar quality of extending the dimensions of the squares, so as always to be large enough” to hold whatever was placed on them. Instead of asking for grains of wheat to be placed on them, the Interest Imp asked for soldiers. “Now, listen well to what I propose,” he said to the angel, pointing to the latter’s huge army.
I enter the first square with my son, and you match one of your warriors against us. We enter the second square doubled in number; you send two more warriors – and so on every succeeding square. . . . When we arrive at the last square, and you have a single soldier left after occupying the same, we shall declare ourselves vanquished, and Satan with all his troops will leave this world for ever. If I win, you and your army are to be at the commands of my master. Are you agreed?
The angel agreed, expecting his horde of soldiers to easily exceed the number that the Interest Imp and his son, Compound Interest, seemed likely to accrue.
In the beginning the angel laughed, for, though twenty squares were passed, no noticeable diminution of his forces was perceptible. Demon Interest said nothing, but attended to business, quietly doubling his army on every succeeding square. At the thirtieth square the angel ceased to laugh, and soon saw he was lost.
‘I despised you, little fellow,’ he signed despairingly, ‘and I am punished for my vanity. I see there is no use fighting against you. Demon Interest is more powerful than the Spirit of Invention. I am your slave. Command your servant!’”
(“THIS IS THE TIPPING POINT ! WHERE WE WENT WRONG.”,by Justaluckyfool.)
‘I am the only servant of my great master,’ dryly replied the demon.
“Here I see him coming. He will give you his orders.’
And Satan gave his orders
.
 He commanded that the angel was to continue in his work with all his troops, which were to be increased with all possible exertion, so that humanity – which did not know the nature of the antagonist it had to fight against – would always keep in fresh hope of final success when the new troops were forthcoming. But as fast as they appeared, Demon Interest was to send forth a larger army to capture the new forces, to enslave them, and – instead of their benefiting man – make them increase the slave-chains which weigh him down.
HOW WE COULD FIX IT !!! WHAT IF DEMON INTEREST WERE TO ANSWER? (Justaluckyfool’s comment ),

“I will now be the servant of a new master,one that will pursue happiness for all mankind.”
The answer lies in how you redistribute the wealth, not in how you make it.
As for the worlds wealth, there is the possibility of total accumulation through compounding (the most powerful force in the universe) of interest, which then begs the question, “How would that wealth be redistributed ? Who will be the master?
We must go back to “In God We Trust” and use that ‘most powerful force’,compounding to fund
“…a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”
3 Step QE Plan:
QE a proven method the Central Bank can employ to purchase assets to….
Increase…. net wages,
Increase.. Jobs,
Decrease.. Federal Debt,
Decrease… Poverty
Decrease .. Inequality.
ALL AT THE SAME TIME:
WHY WOULD YOU NOT WANT PROSPERITY FOR YOURSELF AND YOUR CHILDREN?
When a bank charges interest, it is a taxation. It is a cost levied on the borrower in order to receive the issuance of the currency.
When the government  charges interest it is taxation.
When  a government has a mandate .. “to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”
What better way is there than to control the quality and quantity of the sovereign currency than taxation?
DO FOR OURSELVES WHAT WE HAD ALLOWED THE CENTRAL BANK TO DO FOR THE Private For Profit Banks (PFPB) !
LOAN OUR own MONEY and CHARGE (interest) A TAX ON IT.
AMEND THE FEDERAL RESERVE CHARTER; TURN THE FED RESERVE INTO THE FEDERAL RESERVE BANK OF AMERICA (FRBA),RESTORE MONETARY POWER BACK TO THE PEOPLE ,OPERATE THE FRBA WITH ABSOLUTE TRANSPARENCY, (“GLINDA,the Good Witch, owns a Great Book of Records that allows her to track everything that goes on in the world from the instant it happens.”_The Road to Oz)
Form a more perfect “capitalistic “monetary circle: $100 trillion issued as loans to come back as $200 trillion in payments while at the same time as it returns, it creates a revenue stream for  $100 trillion in new loans while spending $100 trillion as Congressional appropriations for the benefit of the people.
Simply a better, fairer taxation.
No inflation or deflation for there is zero change in the capital value of the sovereignty.
There is zero change on the balance sheet of the Central Bank; a true zero net change.
For any nation to be a Monetary Sovereignty….
.. it must be the sole creator of its sovereign currency.
…it must have the ways and means to control its sovereign currency for quality and quantity.
…it must under modern money systems be fiat since its money is transferable “thru thin air”.
…it must understand that it is the guardian of the value of the currency , if it wishes to be capitalistic; otherwise that nation will be totalitarian. As a guardian (recording and exchanging) it does not own the value of the currency it creates as it is owned by the community in part and by individuals in part.
…it must use that currency knowing that it must also return it back to the community (the rightful owners).
…all transactions using sovereign currency must be “REAL”, meaning backed by 100% of issued sovereign currency. All that has been issued backed by “reserves” must over time be converted to loans from the Central Bank, the sole issuer of the currency.In order to prevent “systemic failure” it must make available the currency as loans at a fixed rate and duration in amounts deemed necessary to allow the private banking system to be solvent.
Based upon an opinion by “Justaluckyfool” of the concepts of Noble Laureate  Frederick Soddy, “The Role Of Money” (1926,1933)
Comments by Justaluckyfool ( http://bit.ly/MlQWNs )
( “You are always welcome to share, copy, plagiarize, improve, etc..any comments.)
Read and challenge:
Frederick Soddy writings, namely “The Role Of Money”
(Entire book as a free download…) http://archive.org/details/roleofmoney032861mbp
FROM A GREAT  TAX PLAN TO A BETTER TAX PLAN.
(1). Eliminate FICA giving a automatic 15% raise to all earning less than $102K/year without any increase in money supply or any increase in labor cost.(Create another 2 million jobs)
(2).  Change tax code to : Federal Income Tax to be 1% for income up to $102,000.
with higher percentages for $103,000-500,000 then perhaps,30% thereafter.
Corporate taxes could then be based on percentage of profits.
(3). All taxpayers in the 1% bracket will receive as a rebate in the amount equal to 6% of their income.This is to balance their income so as not to be penalized by sales taxes.
FROM A GOOD JOB PLAN TO THE GREATEST OF AMERICAN JOBS PLAN.
” QE4JOBS”-a plan to create millions of jobs that will pay for themselves while decreasing federal debt, poverty,  as well as the income gap….or stated another way, “How does this capitalistic government create an INCOME stream over and above its budget, while decreasing its present debt, while  having complete control over the quality and quantity of its currency?
“QE 4 JOBS”
Have the American financial system rush to the rescue with a generous and flexible legal funding that no other country could match.
Not a bailout.
Not a cost to all the taxpayers.
Not an increase in deficit spending.
Rather a magic economic proven golden bullet, (Bernanke should get Noble for this).
QE! A simple change in direction of doing something for the common bettering of all the people. Especially those in need now.
The FEDS did in fact QE for the Private For Profit Banks.
The FEDS made direct purchase of bank assets.
Why not have the FEDS do for the States exactly that-purchase from each state $20 billion of State improvement bonds w/ terms of 2% for 36 years.
Thereby creating 3-5 million jobs while at the same time producing an income stream (tax revenue)or a banks call Net Interest Income, (money that by law is to be turned over to Congress for appropriations).
***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC),
Comments by Justaluckyfool ( http://bit.ly/MlQWNs )
( “You are always welcome to share, copy, plagiarize, improve, etc..any comments.)
Read and challenge:
Frederick Soddy writings, namely “The Role Of Money”
(Entire book as a free download) http://archive.org/details/roleofmoney032861mbp
PREFACE
“…It was recognized in Athens and Sparta ten centuries before the birth of Christ that one
of the most vital prerogatives of the State was the sole right to issue money. How curious that
the unique quality of this prerogative is only now being re-discovered. The” money-power ” which
has been able to overshadow ostensibly responsible government, is not the power of the merely ultrarich, but is nothing more nor less than a new technique designed to create and destroy money
by adding and withdrawing figures in bank ledgers, without the slightest concern for the interests of
the community or the real role that money ought to perform therein.
The more profound students of money and, more recently, a very few historians have realized
the enormous significance of this money power or technique, and its key position in shaping the
course of world events through the ages. In this book the mode of approach and the philosophy
of money is expounded in the light of a group of new doctrines, to which the name ergosophy is
collectively given, which regard economics, sociology, and history with the eye of the engineer
rather than with that of the humanist. It is concerned less with the details of particular schemes
of monetary reform that have been advocated than with the general principles to which, in the
author’s opinion, every monetary system must at long last conform, if it is to fulfil its proper role
as the distributive mechanism of society. To allow it to become a source of revenue to private issuers is to create, first, a secret and illicit arm of the government and, last, a rival power strong enough ultimately to overthrow all other forms of government.”
.
***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC),
Comments by Justaluckyfool ( http://bit.ly/MlQWNs )
( “You are always welcome to share, copy, plagiarize, improve, etc..any comments.)
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