Federal money-saving ideas.
- Thread starter Machjo
- Start date
That counter assumes every person in the country is a taxpayer. The personal load is probably double what they are estimating.
It is by selling bonds we have accumulated a debt that is almost impossible to pay back. The bonds bear intrerest to the holder and therefore we have to pay out more than they are worth when redeemed.
The solution is to issue a new currency directly instead of the bond system. Both the bond or a new currency are backed entirely by the good faith credit of the government, the only difference is the bond bears interest which we, the taxpayer, are responsible for. There are many benefits including reduced, almost non-existant, inflation. This is fully allowed under our constitution and the only people who won't like it are the bankers and investment firms, and I really don't care about them.
A few facts to make you think.
Our military budget is almost exactly the amount collected in corporate tax and trade tarriffs.
Our healthcare costs are almost exactly the same as the taxes from tobbaco & alcohol plus medical premiums.
Our infrastructure costs are almost exactly what is collected from gas tax and vehicle licence fees etc.
Our interest payments on the national debt are almost equal to the amount of personal income tax collected.
Of course we are not quite as bad as our friends down south who could have a 100% income tax and still not meet the interest payments, but we are getting there soon.
