By Bill Gallagher
600 Words
During my twenties and thirties, way back in the 1980s and 90s, I lived in central Florida, and was very involved in the re-legalization of hemp. I was networking and doing what I could for people I thought had a clue. Somewhere in that time I met an older guy named Curtis Holmes, in Largo Florida. Curtis had a newsletter and therefore an organization which he called The Taxpayers Association. And Curtis had an idea. He said that a 1% tax on all Transactions would generate, by far, more revenue than the income tax and all the other taxations we all endure continually. He said the income tax and all the other fees and taxes were just control of a certain class of people here in the land of the supposedly free. The tools to accomplish this 1% taxation scheme are already in place. Problem is, this idea had some very high level resistance among a certain type of people, and those people can actually be identified by their resistance to this idea. They are the minority of people who handle the majority of commerce. They live in a tax free world and they created that world for themselves. Curtis got even older and died, and that was the last I ever heard of that. Some rich media monkeys like Forbes talked about a flat tax but they were talking 17% and up. A friend of mine from Australia told me they have a flat tax of 25% there, or did at that time.
Presumably those flat taxes are a single flat tax on income. But all the other little taxes will be in place still. The nut to crack is defining what is actually taxed, and how is the taxation burden spread among the mass?
Curtis said NO EXEMPTS and only one kind of tax, a TRANSACTION tax of 1% paid by the buyer. An employer buys the employees services, and pays 1% on all monetary transactions having to do with that employee. Thats IT. No more taxation other than that. No more income tax.
1%.
Here is where some deductive thinking is necessary. Its in the figuring of who actually pays the majority of the taxes right now. That would be small business, workers, and consumers, in that order. The larger the money the less taxes seem to be paid. Sure, a lot of accountants are paid, but thats really a bunch of convoluted BS, and there is a lot of stealing and suffering going on in society because of it. Glad handing and back slapping and standing in line at the bank, yup. Another import from europe and it is basically an agenda to create a royal class in America with the paper currency. Very unAmerican.
1% Transaction Tax, NO EXEMPTS. Not churches, not your granny. No more tax exempt wholesale, ALL transactions, at all levels, the buyer pays 1% tax and thats it. Food is not exempt, cars are not exempt, nothing is exempt, not corporations, or limited liability corporations, or money in the bahamas or panama or swiss land....nada. A buyer of a shipload of goods pays 1%, so does a buyer of a pack of gum. A buyer of electricity pays 1%, a buyer of communion wafers pays 1%.
When the government buys a jet or a ship, 1% of the price paid goes into the internal revenue coffers. There are cost over runs much worse than that on a regular basis, usually paid, so 1% is nothing to cry and whine about. A lot of the cost over runs in Government are built-in kickbacks by the way. A bank provides a service to its customers, people are buying the banks services so there is 1% on those transactions too, stock trades and everything, all transactions are taxed at 1% and paid by the buyer. AND NO OTHER TAXATION, PERIOD.
It might help to think of this as a sales tax, even though it is a commerce tax, which is much more encompassing. There is a mechanism by which sales tax is already collected, it is well established, except that 1% is ALL the tax that will be paid by any American, ever, and only when they buy something. There will no longer be an income tax and the attendant administrative behemoth, no fishing license fees, no state taxes, no gas taxes, no drivers license fees, no nothing, only 1% on any transaction that occurs for any reason, NO EXEMPTS.
This spreads the tax BURDEN across a much larger area, and could work for us instead of what we have which is a the greatest pork barrel that ever existed, working against most people 24/7. The 1% transaction tax is the kind of thing you would expect from civilized people who employ real administrators to see after their affairs and not slick thugs.
600 Words
During my twenties and thirties, way back in the 1980s and 90s, I lived in central Florida, and was very involved in the re-legalization of hemp. I was networking and doing what I could for people I thought had a clue. Somewhere in that time I met an older guy named Curtis Holmes, in Largo Florida. Curtis had a newsletter and therefore an organization which he called The Taxpayers Association. And Curtis had an idea. He said that a 1% tax on all Transactions would generate, by far, more revenue than the income tax and all the other taxations we all endure continually. He said the income tax and all the other fees and taxes were just control of a certain class of people here in the land of the supposedly free. The tools to accomplish this 1% taxation scheme are already in place. Problem is, this idea had some very high level resistance among a certain type of people, and those people can actually be identified by their resistance to this idea. They are the minority of people who handle the majority of commerce. They live in a tax free world and they created that world for themselves. Curtis got even older and died, and that was the last I ever heard of that. Some rich media monkeys like Forbes talked about a flat tax but they were talking 17% and up. A friend of mine from Australia told me they have a flat tax of 25% there, or did at that time.
Presumably those flat taxes are a single flat tax on income. But all the other little taxes will be in place still. The nut to crack is defining what is actually taxed, and how is the taxation burden spread among the mass?
Curtis said NO EXEMPTS and only one kind of tax, a TRANSACTION tax of 1% paid by the buyer. An employer buys the employees services, and pays 1% on all monetary transactions having to do with that employee. Thats IT. No more taxation other than that. No more income tax.
1%.
Here is where some deductive thinking is necessary. Its in the figuring of who actually pays the majority of the taxes right now. That would be small business, workers, and consumers, in that order. The larger the money the less taxes seem to be paid. Sure, a lot of accountants are paid, but thats really a bunch of convoluted BS, and there is a lot of stealing and suffering going on in society because of it. Glad handing and back slapping and standing in line at the bank, yup. Another import from europe and it is basically an agenda to create a royal class in America with the paper currency. Very unAmerican.
1% Transaction Tax, NO EXEMPTS. Not churches, not your granny. No more tax exempt wholesale, ALL transactions, at all levels, the buyer pays 1% tax and thats it. Food is not exempt, cars are not exempt, nothing is exempt, not corporations, or limited liability corporations, or money in the bahamas or panama or swiss land....nada. A buyer of a shipload of goods pays 1%, so does a buyer of a pack of gum. A buyer of electricity pays 1%, a buyer of communion wafers pays 1%.
When the government buys a jet or a ship, 1% of the price paid goes into the internal revenue coffers. There are cost over runs much worse than that on a regular basis, usually paid, so 1% is nothing to cry and whine about. A lot of the cost over runs in Government are built-in kickbacks by the way. A bank provides a service to its customers, people are buying the banks services so there is 1% on those transactions too, stock trades and everything, all transactions are taxed at 1% and paid by the buyer. AND NO OTHER TAXATION, PERIOD.
It might help to think of this as a sales tax, even though it is a commerce tax, which is much more encompassing. There is a mechanism by which sales tax is already collected, it is well established, except that 1% is ALL the tax that will be paid by any American, ever, and only when they buy something. There will no longer be an income tax and the attendant administrative behemoth, no fishing license fees, no state taxes, no gas taxes, no drivers license fees, no nothing, only 1% on any transaction that occurs for any reason, NO EXEMPTS.
This spreads the tax BURDEN across a much larger area, and could work for us instead of what we have which is a the greatest pork barrel that ever existed, working against most people 24/7. The 1% transaction tax is the kind of thing you would expect from civilized people who employ real administrators to see after their affairs and not slick thugs.
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