So America, here we are debating health care reform again. Has anyone mentioned to those in Washington that there are millions of folks unemployed? Would quite a few of those people uninsured also be those unemployed? Perhaps if we get some sort of health care reform, those millions of people will suddenly become employed. I think not. Perhaps if we get some sort of health care reform the uninsured will become insured. I think not. Unless I am mistaken all of this has little effect except to draw money out of our paychecks until 2013. Can someone please rationally think of those consequences? If you suddenly begin to take more of my money to fund something I won’t use for 3 years, will that not be another serious blow to the economy? I cannot spend that which I don’t have. If I cannot spend, employers cannot expand therefore cannot hire. Does no one in Washington understand those basic principles?
I would like America to begin to analyze what your politicians say to you. Listen to what they offer. They always seem to hit someone with a stick while offering another a carrot. One party may say, “The rich don’t pay their fair share.” or “We should spread the wealth around.” or “Its time to level the playing field.” The other party may say ” No more freebies.” or “We can’t afford it.” or “Eliminate the giveaways.” Now let’s analyze what ALL of these statement have in common. Every one refers to money that was collected from taxes. Every statement refers to this money as being some sort of entitlement to someone. Let us understand. That money is yours. That money is mine. I have a problem with some overpaid politician offering my money in any fashion to anyone. Here’s an idea, let me have my money and I will disperse it as I see fit. I will invest it. I will purchase goods and services. I will fund my retirement. I will give to charity. I will do with it what I wish. After all, it is my money isn’t it.
Of course the argument would be “how can we fund the government?” I’m glad you asked. Its time to stop taking away from income period. You do not penalize someone for earning money. Why should someone earning $100k per year pay a larger percentage than someone earning $40K. Do they both not utilize the same federal services? Don’t they both share in the protection of the military? The only reason to tax them differently is so a politician can use that animosity to gain votes. If his constituency is on the lower earning spectrum, he can gain votes by “taxing the rich.” It is that simple. There is no other reason. We are America. Do you mean to tell me, we can’t come up with a better, simpler, more effective way to fund our nation than this? I argue we can.
I argue the fairest, easiest, most obvious method is a tax on money. Not a flat tax. Not a fair tax. Both of these methods once again penalize people for earning money. What if there was a tax on transactions? Every time you spent a dollar….a penny fell off. Every time the vendor paid his employee….1% fell off. Every time the stock trader did a transaction…..1% fell off. Basically, every time money moved from one entity to another….1% fell off. What would the result be? Based on a study done by University of Wisconsin Professor of Economics Edgar L. Fiege, the result is something in the neighborhood of $8 trillion! Automated Payments Transaction Tax. (read more)
Imagine what you could accomplish with your entire paycheck. If you are earning $1000 per week, you probably take home $750. How would you like to take home $990? ($1000 minus 1%) What happens then? What would you do with an extra $240 per week?
If we could eliminate the current system and replace it with this, we could fund our current government easily. If we freeze our government growth, this system could also eliminate our national debt in just 3 years! Imagine eliminating a $14 trillion dollar debt in 36 months! Its possible.
If you have come across this article, I ask you to please pass it on to your friends. Please pass it on to your representatives as well. Our time is short. The nation has a debt of nearly $16 trillion growing about $1 trillion per year now, and unfunded liabilities approaching $100 trillion. The time for action is now.