REFORM MONEY

ALL GOOD REPUBLICANS ARE OFFSHORE
AND DON'T INVEST IN AMERICA.
"ONLY THE LITTLE PEOPLE PAY TAX"

MONEY IS TOO EXPENSIVE. COSTS CAN BE REDUCED BY 90%.

Implementing the recommendations below will repair the global (in fact the USA-UK-Euro) economic crises.  

The underlying premise for immediate action is that the $18 trillion cash in tax-havens (OECD estimate 2009) is the surplus from the Real-Economy from the past 25 years. And that repatriating it by claiming back-taxes for the source nations will fix all the deficits and on-shore bank liquidity in Greece, Ireland, Italy, Portugal, Spain, UK, USA, Japan etc.  In the computer society, all the transactions can be traced. Nations should move very fast before the USA investigators mop up all the off-shore liquidity in back-tax-claims for the US Treasury.  

A major problem blocking reform is that many "superior" peeople, many in the top layers of society, have off-shore and tax haven accounts. Top people no longer pay tax.

Ask your government to identify them, starting with the governors. EG in  the UK, ask both Houses of Parliament and the Civil Service – “Do any of you, or your families, business colleagues or agents, have any interest in off-shore bank accounts, tax-haven bank accounts or tax-haven companies, trusts or other such arrangements?”

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GLOBAL ECONOMY - BLOG ARCHIVE 

November 2011. In industrialised nations, due to generations of hard work, valour and sacrifice and, recently, the Electronic Revolution or the Knowledge Economy - there is overproduction of goods and services. Products of the Real Economy are flooding the world. Mankind has never before produced so much real wealth. But the traditional, tribal, Money Economy mechanisms, used to count, account and to share wealth fairly, are inadequate, warped, crooked, socially unfair and distorted.  It is time to tame the paper-tiger.

Brave protestors such as OCCUPY and UK-UNCUT need to voice clear and powerful demands.

(1) Repatriate and Tax all Off-Shore Funds. The $18 trillion in tax-havens (OECD 2010) is the surplus from the Real Economy generated by the 99% over the past 25 years. This will repair all fiscal deficits, feed the hungry and restore national banking systems. Such monies can be taxed under existing laws. Tax all annual incomes over $200,000 at 90%.

(2) Cap Interest at 5% - Reduce the Cost of Money. Thatcher and Reagan abolished the interest cap on ancient usury laws. Interest is now charged from 5% on mortgages to 3000% by loan sharks. A 5% per year legal cap of interest & charges on all loans will reduce most prices by 25% and substantially reduce inflation.

 (3) Pay an hourly rate equivalent to a Living Wage: equivalent in the region where the workers live. All Quantative Easing should be used to bring in a Living Wage worldwide. This will eradicate most poverty and bad-debts.

(4) Stop speculation & gambling:  Gambling is an addiction which has wrecked our vital markets and money-systems. Ban banks from speculating & create a 2 months buy-sell-buy transaction gap.

ACCURSED NEW ARISTOCRATS

There is a global war between Haves and Have-nots. The Haves hold $18 trillion offshore (OECD 2010), mostly siphoned, with tax-relief, through fraudulent bookkeeping.

The mysterious so-called “Free Markets” control this hoard. They drive-up the interest on bonds and restrict cash in circulation. Their agents are the trans-border banks. They gamble incontinently in commodities, currencies and shares – wrecking systems we all rely on.

The Haves gouge out ever increasing “rewards” while suppressing the wages of the Have-nots; taking incomes now 230 times the wages of the low paid – driving the poor to borrow at 15% to 3000% interest, and ultimately to lose their jobs & homes.

The Haves mythologize “The City” and “Wall St”, which enable their stateless, trans-border, tax-free status, claiming it earns fortunes for the host nations. The reverse is true; London lost in 2008/09 more than all the alleged gains of the past 25 years – hence the global crises. Governments should track these tax-relieved “losses” to identify back-to-back transactions.

The 2008/09 Wall Street de-leveraging, took many trillions out of the money-supply, further enhancing the value of cash held and slowing transactions in the Real Economy.  The few billions of dollars, Euros and pounds put back by Quantitative Easing have not replaced it, sabotaging the Real Economy.

All national fiscal deficits can be met by rapidly repatriating and taxing the offshore cash to the countries of origin. In the longer term it is inevitable that all financial activities will be regulated globally, which may require nationalisation – at least for a decade or two.


TAX AND ECONOMICS ARTICLES 29TH APR 13