Fixing The Economy
Well if you made me king for a day I could fix the economy before my royal 24 hours were up. Here is what I would decree.
First I would outlaw the Federal Reserve monopoly money bank. All of the top officials would be clapped in irons and marched off to await trial. Next I would declare all debts owed to these crooks and swindlers to be null and void. This would wipe from the slate all of the debt owed by private individuals, business and government that was based on marginal creation of money. Only the reserve portion of any debt would still have to be repaid meaning perhaps ten percent of the original debt or less. A homeowner, for example, could see their mortgage payment go from $2,500 a month to perhaps $250 per month. Any property or assets controlled by the Federal Reserve would be seized by the treasury.
Next I would ban paper fiat money based on nothing. I would order the treasury to once again begin issuing gold and silver money. Banks would be banned from lending out more money than they hold in deposits.
After making our currency legitimate once again, I would order our legions home to protect America. The trillions now spent, often in countries where the people hate us, would be spent back in the good old U.S.A. The current subjects of the bankers have been duped into thinking we can be safer here if we kill women and children over there. This is nonsense.
Finally, I would outlaw any tax that is destructive and that reduces economic activity. Therefore, income tax, sales tax, property tax, etc. would be banned since they reduce economic activity. Localities would be free to tax vice. Taxes authorized in the current U.S. Constitution would be legal unless amended to do otherwise but the main tax would be on land location value. Buildings would be tax free however and no improvements to buildings would be taxed either.
The end result of my regal decrees would be to get the foreign bankers, our government and others out of American's pocketbook as well as replacing the current fraudulent paper money scam. By eliminating all debt based on official fraud and bankster racketeering it would free Americans to once again apply their wealth, time and efforts to building a great country of individuals. Lastly, wealth is at the end of the day human labor mixed with the land. For thousands of years all of my royal predecessors have taxed the human labor portion of wealth creation while leaving the land basically untaxed. This has made the human population to one degree or another slaves being milked for labor. Taxing the land location value portion of wealth creation to fund the kingdom would free the hands of labor to keep what they earn but require any individual or corporation to pay back to society any extra value they hold in better than average location value.
What does that mean? It means that the farmer way out in the boonies would see his tax drop to zero as he has a terrible location value. Conversely, the big corporate offices now located downtown in the rich Real Estate areas would pay the highest location tax. However, corporations and individuals would pay no income tax whatsoever or capital gains and the land location tax has an almost zero cost to collect as well as an absolute zero chance for evasion. You can't off shore land can you?
Basically, my royal tax plan would tax the bad and not the good. To prevent urban land hording for future speculative profiteering, the land location tax is ideal. Remember, wealth comes from human labor mixing with the land. All the previous rulers before me have always permitted land hording which keeps humans off that land and unable to make anybody any wealth from it. My plan only allows as much land to be held by individuals and corporations as they can bring into productive use. Idle urban land would be tax-wise too expensive to just horde.
Now that the current numskulls and criminals have wrecked the economy their actions have finally shaken the confidence of the American people. Americans are looking for a better way to do things that will lead to a more prosperous, peaceful society. My shtick about being king is a joke and I would not take the job if offered the position. But I'm dead serious about the policy proposals. This is the best way to proceed to rapidly heal the economy. You will never hear about it in the mainstream media unless the current royal rulers fear it might become popular with the people. Then they would use the media to demonize this plan.
Once enough people learn of this truly new way of doing things then the big media is sure to attack the plan. Once their attack begins that should be proof enough that this plan will be good for America. This plan will be like a virus. Once I have infected any area on the planet with this economic system that region will rapidly thrive and grow more prosperous. At the end of the day we are all primates. It's monkey-see-monkey-do. Once the other chimps see they've been chumps they are going to adopt this system that works rather than stay with one that we know doesn't.
So I am ready to travel to any place on this earth to show you how to implement this plan. I have a team of individuals who've studied this concept, some for half a century or longer. Please allow us to help your nation become wealthy, powerful and more self-reliant. I wish America was the place for this economic revolution but Americans still believe much that is broadcast from the networks. So we're probably going down dumb.
However, island nations would be the best locations to implement this Georgist economic revolution. That's because islands are more difficult for the international banksters to infiltrate with saboteurs. So Cuba, Iceland, Australia, New Zealand, Japan, etc. would be ideal locations to initiate this revolution. The country that adopts this new economic model first will receive the additional benefit of the windfall of economic activity and wealth creation before the rest of the planet eventually follows or falls farther behind. Please feel free to drop me an email. I am waiting to help.
First I would outlaw the Federal Reserve monopoly money bank. All of the top officials would be clapped in irons and marched off to await trial. Next I would declare all debts owed to these crooks and swindlers to be null and void. This would wipe from the slate all of the debt owed by private individuals, business and government that was based on marginal creation of money. Only the reserve portion of any debt would still have to be repaid meaning perhaps ten percent of the original debt or less. A homeowner, for example, could see their mortgage payment go from $2,500 a month to perhaps $250 per month. Any property or assets controlled by the Federal Reserve would be seized by the treasury.
Next I would ban paper fiat money based on nothing. I would order the treasury to once again begin issuing gold and silver money. Banks would be banned from lending out more money than they hold in deposits.
After making our currency legitimate once again, I would order our legions home to protect America. The trillions now spent, often in countries where the people hate us, would be spent back in the good old U.S.A. The current subjects of the bankers have been duped into thinking we can be safer here if we kill women and children over there. This is nonsense.
Finally, I would outlaw any tax that is destructive and that reduces economic activity. Therefore, income tax, sales tax, property tax, etc. would be banned since they reduce economic activity. Localities would be free to tax vice. Taxes authorized in the current U.S. Constitution would be legal unless amended to do otherwise but the main tax would be on land location value. Buildings would be tax free however and no improvements to buildings would be taxed either.
The end result of my regal decrees would be to get the foreign bankers, our government and others out of American's pocketbook as well as replacing the current fraudulent paper money scam. By eliminating all debt based on official fraud and bankster racketeering it would free Americans to once again apply their wealth, time and efforts to building a great country of individuals. Lastly, wealth is at the end of the day human labor mixed with the land. For thousands of years all of my royal predecessors have taxed the human labor portion of wealth creation while leaving the land basically untaxed. This has made the human population to one degree or another slaves being milked for labor. Taxing the land location value portion of wealth creation to fund the kingdom would free the hands of labor to keep what they earn but require any individual or corporation to pay back to society any extra value they hold in better than average location value.
What does that mean? It means that the farmer way out in the boonies would see his tax drop to zero as he has a terrible location value. Conversely, the big corporate offices now located downtown in the rich Real Estate areas would pay the highest location tax. However, corporations and individuals would pay no income tax whatsoever or capital gains and the land location tax has an almost zero cost to collect as well as an absolute zero chance for evasion. You can't off shore land can you?
Basically, my royal tax plan would tax the bad and not the good. To prevent urban land hording for future speculative profiteering, the land location tax is ideal. Remember, wealth comes from human labor mixing with the land. All the previous rulers before me have always permitted land hording which keeps humans off that land and unable to make anybody any wealth from it. My plan only allows as much land to be held by individuals and corporations as they can bring into productive use. Idle urban land would be tax-wise too expensive to just horde.
Now that the current numskulls and criminals have wrecked the economy their actions have finally shaken the confidence of the American people. Americans are looking for a better way to do things that will lead to a more prosperous, peaceful society. My shtick about being king is a joke and I would not take the job if offered the position. But I'm dead serious about the policy proposals. This is the best way to proceed to rapidly heal the economy. You will never hear about it in the mainstream media unless the current royal rulers fear it might become popular with the people. Then they would use the media to demonize this plan.
Once enough people learn of this truly new way of doing things then the big media is sure to attack the plan. Once their attack begins that should be proof enough that this plan will be good for America. This plan will be like a virus. Once I have infected any area on the planet with this economic system that region will rapidly thrive and grow more prosperous. At the end of the day we are all primates. It's monkey-see-monkey-do. Once the other chimps see they've been chumps they are going to adopt this system that works rather than stay with one that we know doesn't.
So I am ready to travel to any place on this earth to show you how to implement this plan. I have a team of individuals who've studied this concept, some for half a century or longer. Please allow us to help your nation become wealthy, powerful and more self-reliant. I wish America was the place for this economic revolution but Americans still believe much that is broadcast from the networks. So we're probably going down dumb.
However, island nations would be the best locations to implement this Georgist economic revolution. That's because islands are more difficult for the international banksters to infiltrate with saboteurs. So Cuba, Iceland, Australia, New Zealand, Japan, etc. would be ideal locations to initiate this revolution. The country that adopts this new economic model first will receive the additional benefit of the windfall of economic activity and wealth creation before the rest of the planet eventually follows or falls farther behind. Please feel free to drop me an email. I am waiting to help.
posted by Tomás Estrada-Palma at
5:06 AM
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