Saturday, November 7, 2015

Taxes are only an Accounting tool.


Taxes should support economic grow


Taxes would be more effective in controlling inflation if they were increased or decreased in ratio to employment levels, productive capacity, and cost of input raw materials. As long as there is unemployment there should be low taxes. Taxes should never be used to create a Budget surplus.  They should only be used to create a productive economy.

Tuesday, November 3, 2015

Money is a government function


The issue of money is a function of the government


1896 – REMARKS OF WILLIAM JENNINGS BRYAN BEFORE DEMOCRATIC NATIONAL CONVENTION, CHICAGO, IL (BRYAN WAS THE DEMOCRATIC PARTY CANDIDATE FOR PRESIDENT)

"We say in our platform that we believe that the right to coin money and issue money is a function of government…Those who are opposed to the proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson...and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business... When we have restored the money of the Constitution, all other necessary reforms will be possible, and ... until that is done, there is no reform that can be accomplished."

Sunday, November 1, 2015

Financing Basic Income Gurantee


No interest Debt
No Interest Debt



The simplest way to finance a "Basic Income Guarantee" is to levy a flat FICA tax on all income (excluding Basic income ] on both employer and employee.

The tax is necessary only to balance the money circulating in the economy to the amount of available skill labor, productive capacity, and raw material to control inflation when the ability to produce essential goods & service becomes stressed.

Most of the cost can be just added to the federal debt. That could be financed by the federal Reserve System with 100 year Bonds at 0.25% interest and the Bonds can be retired from existance when it reaches maturity