More Stimulus?

Many Americans wonder why the government can't just give out some more stimulus money but this go around make the payees the American people instead of elite bankers and other benefactors of crony capitalism. Here is why it's a bad idea. When George Bush sent those first stimulus checks out to us all before leaving office the prices of everyday commodities soared. Gasoline shot up to five dollars a gallon, food prices rose dramatically and services Americans are forced to buy like electric and insurance exploded.

Commodities like gasoline declined in price as the stimulus money ran out as did food somewhat. However, the monopoly crony capitalists haven't bothered reducing their rates yet for insurance, electric and whatnot. All of this is exactly why an income tax is such nonsense in the first place. Why should these central planning red assed bureaucrats be able to decide how much of our own labor we can have back so the economy will start chugging along again?

Just by playing this game the government is admitting that the income tax is destroying the economy. So they desperately search for ways to rejigger the system to start up the wealth creation machine again but at the same time the elites still want the loot collected from their free range slave operation. What to do? What to do?

I've been telling you the answer since the 1990's. The trouble with an income tax scheme is it's too complex and open to the social engineers and their meddling ways. Time only makes this fact worse. Add to these woes the reality that the powerful can shield their wealth from the income taxman but the middle class and poor are stuck paying the bill. The entire mess will collapse very soon.

The global elites therefore plan to take their income Ponzi scheme one step further with new global electronic money. Americans will not be paid in dollars. We will be issued credits in our account. The reason for this is to cut out the expense of having multiple currencies that are already secretly owned by the same international banking elites anyways. Plus they will no longer have the printing and minting costs and the bankers can create as much of the electric international company store script as they like.

But all this foolishness simply permits the owner class of the very few to exploit the many of their own labor output without them being aware of the swindle. If we eliminated the income tax totally then replace it with a land location value tax then the dynamics of the economy will change drastically for the better. Lets face facts. The richer you are the more land you own and it usually has the best locations. The poorer you are the less likely you are to own any land.

Let me remind everyone that wealth is the land mixed with human labor. Land is also necessary to store the fruits of one's labor and to have a place where one can reside. Currently, trillions of dollars of urban land sits unused because of tax laws. With respect to Real Estate the bulk of the tax is placed on the improvements to the land like a house or barn and not on the value of the land itself. This backwards economic policy permits the elites to hold urban property vacant for decades while the location value soars. But because the tax is mainly on the building value, these speculators pay little tax on their slum properties while the owner right next door with a fine building pays an enormous tax. It pays for the speculator/slum lord to not fix up their urban properties. But each unused parcel is land that cannot be used to produce wealth or to store wealth. These properties have been reduced to devices to rob the wealth of the middle and lower classes while not actually producing any wealth themselves.

With the bulk of the taxation now on labor output, residential housing and business buildings the poor and middle classes are stuck because they cannot move away from taxation. The elites on the other hand can freely move their wealth around the world to the lowest tax locations as well as own under used, low taxed urban land right here in America for future speculation profit.

All this thievery comes to a screeching halt once most taxes are eliminated and replaced with the land location tax. Those choice locations owned by the multinational corporations like BP in the city centers would be the highest taxed locations. However, the farther out from the city centers the lower the location tax until the tax drops to zero out in the farm regions. Multinational corporations would finally have to pay their fair share instead of moving it to lower taxed nations.

The middle class will pay about what they pay now in income tax for their location value tax. However, Americans can thereafter earn as much income as they want and never again pay income tax or keep records for the IRS. With no sales tax businesses will be relieved of this burden and cost resulting in more sales. Millions of construction jobs will be created fixing up unused or under used urban land because it will no longer make tax sense to have a slum property. The tax will be the same no matter what is built on the parcel of land or what condition it is in.

To sum up the government at the behest of the multinational elites uses a myriad of taxes on labor, sales, production, housing, etc. Taxation always reduces whatever is being taxed. So taxes on labor reduces jobs and incentive to work. Taxes on sales reduces sales. However, taxation of land location reduces urban land hording for speculative profiteering. Which would you rather have? Less income, housing and jobs or less urban land hording for speculative profit of the multinational elites?