Archive for the ‘TAXPAYER INCOME REVENUE PRODUCING ASSETS (TIRPA)’ Category

Solution to Inequality: Federal Income Taxation- “I.R.A.P.”

April 11, 2017

Carmen Basilovecchio
Apr 8
An Answer for”Of Dollars And Data”
Equality and Justice For All: Do Any Solutions Exist?
Rewrite the Rules.Reverse the Money Flow. (I.P.R.A.P.)
March 14, 2017
***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis, you find to be kind, conducive to the good, the benefit, the welfare of all beings — that doctrine believe and cling to, and take it as your guide.”- Buddha[Gautama Siddharta] (563–483 BC), Hindu Prince, founder of Buddhism
******* “”We cannot solve our problems with the same thinking we used when we created them”.Albert Einstein
“It’s time to rewrite the rules―to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity.”( Economic Nobel Laureate Joseph Stiglitz)
Increase……. Wages, Jobs, the Standard of Living.
Decrease…… National Debt, Poverty, Inequality Gaps.
Yes, IT IS TIME TO MAKE AMERICA GREAT AGAIN.
A HISTORIC CHANGE For The Betterment of The People.
Allow everyone to achieve “The American Dream” and to retain their “Fair Share”
Yes,”It’s a very exciting time for America.
Your voices represent a bright new future for our great nation full of more opportunities for everyone, not just a select few.
Together, we have created a movement that continues to gain momentum.
Together, we are making history. Together, we are bringing back the American Dream.
The time is now, Together, we will Make America Great Again!”
The U S Constitution has structured this union
so that the Chief Executive Officer, CEO (The President)
is responsible to its Board of Directors, BOD (The Congress)
and with its Chief Compliance Office, CCO (The U.S. Supreme Court)
shall work together “…to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”
WE MUST FOLLOW THE MONEY FLOW !
As Nobel Laureate Frederick Soddy stated, “Money now is a license to live.”
“Since, in all monetary civilizations, it is money that alone can effect the exchange of wealth and the continuous flow of goods and services throughout the nation, money has become the lifeblood of the community, and for each individual a veritable license to live at all…”(The Role Of Money.)
It is time to claim “Your FAIR SHARE of the American Dream.”
Make the money flow for the betterment “Of The People,” a reversal, a change “For The People.”
THIS FLOW WILL BE GENDER NEUTRAL, RACE NEUTRAL AND BASED ONLY on the fulfillment for LIFE, LIBERTY AND THE PURSUIT OF HAPPINESS.
Now is the time to create the laws that would allow this change in direction.
Help to decrease the gaps of inequality, help decrease the numbers of those
in the grip of poverty, help raise the standard of living; all at the same time…
WE MUST REVERSE THE DIRECTION OF THE PRESENT FLOW !
“Trickle Down” now doesn’t work.
Yes, OCCUPY, Yes, Pope Francis, the “Trickle Down” system doesn’t work.
It doesn’t work because the establishment impedes the flow.
REPEAT: It doesn’t work because the establishment impedes the flow.
This must change.
We must remove these impediments and create a flow of wealth directly to the “PEOPLE.”
The system is meant to “reward all”, to allow all “Their Fair Share”.
Millions now realize;… the economy is rigged, …the justice system is rigged, …the health care system is rigged, …the employment system is rigged.
All part of an economic system that is really just a rigged political system.
Fortunately, this past November the voters across America have made the choice to cast a revolutionary vote to “MAKE AMERICA GREAT AGAIN.”
SEVENTY percent of the people believe the American economy is rigged. And they’re right.
EIGHTY percent of the people desire a change, a revolution. And they’re right.
History has allowed an opportunity for “AMERICA TO MAKE ITSELF GREAT AGAIN.”
We must mandate a reversal of “… an economic recovery program that has… fueled the increase in wealth inequality…”
Reverse that program, make the money FLOW to “…help form a more perfect Union,
establish Justice, insure domestic Tranquility, provide for the common defense, promote
the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity…”
“Yes, We Can Lower Taxes, Pay Off The Debt, And At The Same Time Increase Revenue.”
IMMEDIATE STEP:

“INEQUALITY and POVERTY REDUCTION ADJUSTMENT PROGRAM”
( I.P.R.A.P. )

Capitalism demands inequality as a just proportional reward.
It is the size of the “Gaps” where the administration of inequality becomes distorted.
The size of the ‘Gaps’ is a demand of the administration of the quality and quantity of these ‘gaps’.
Taxation is a ways and means by which a government controls the quality and quantity of its currency already in circulation.
Currency that it can redistribute without changing the quality or quantity of the entire currency.
American Capitalism should allow everyone to achieve
‘The American Dream’ and to retain that “Fair Share.”
But that dream should not impede the poor and elderly from achieving their FAIR SHARE.
Nor should it impede the risk and reward which will ultimately lead to a betterment for all.
A federal taxation of personal income must recognize the sanctity of “The fruits of mankind’s labor”
A federal taxation of personal income should be used to control the distribution of income to obtain
a fair and just sharing of the American Dream, a just and fair sharing of the world’s riches while
maintaining the greatest standard of living.
“Inequality and Poverty Reduction Adjustment Program” ( I.P.R.A.P. )
“THE NEW ONE PAGE: Federal Personal Income Tax: 2017”
Brackets & Rates for Joint filers with:
GROUP ONE- income less than $100,000:
GROUP TWO- income more than $100,000 but less than $225,000:
GROUP THREE-income more than $225,000:
*Brackets for single filers are ½ of these amounts.
ALL income is taxable and must be reported.
All income is to be taxed at the same rate-30%.
NO exemptions. NO loopholes.Period.
Deductions:
This plan will increase the standard deduction for joint filers to $80,000,
and the standard deduction for single filers will be $40,000.
Taxes must be paid, any claim of injustice may be filed for a proportional refund, if approved, it shall become a tax credit in the next year.
***The Tax Group One:
A… will receive a 8% distribution to replace their losses caused by sales taxes which are a detriment to their ‘standard of living’. This 8% will also replace any Social Security loss.The rebate will help grow our economy as well as allow wage earners to keep their share of the American Dream and raise the standard of living.
Refundable Tax credits that become ‘overages’ will become an immediate cash refund.
B… will receive a ‘take home’ pay increase.There will be no FICA payment taken out of their pay.This is at ZERO cost to production (The minimum wage concept would cost jobs as well as increase production cost). This merely places what was earned into their paycheck; it is the F.I.C.A. that was withheld from them; now going directly into their take home pay.
C… VETERANS WHO SERVED; DESERVE a direct lifetime annual refundable tax credit of $3,000.
( I.P.R.A.P. ) will create a direct increase in wages, an increase in Social Security, a direct increase
in income to more than 80% “of the people.” and it will be done “along with a
reduction in National Debt.”
We must mandate that the Executive branch and the Legislative branch,
Reverse an economic privileged program that has lead to increases in wealth inequality.
Reverse that program, make the money FLOW to “…help form a more perfect Union, establish Justice,
insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure
the Blessings of Liberty to ourselves and our Posterity…”

“Inequality and Justice For All”…FULL TEXT:
(https://ofdollarsanddata.com/inequality-and-justice-for-all-the-future-of-economic-outcomes-in-the-u-s-5b60e051be4d)
The Future of Economic Outcomes in the U.S.
This week I want to discuss what I believe will be the most important economic issue in the coming decades: income and wealth inequality.
However, before I dive into this, I want to emphasize that inequality by itself is not necessarily a bad thing. In the U.S. most people support some level of inequality to reward those who work hard, take financial risks (i.e. starting a business), or get lucky. This is true as long as there is equality of opportunity (i.e. everyone starts at the same place). The problem is that everyone does not start at the same place though we would like to think they do. Putting this aside, the big question is: should we have a mechanism in place to prevent extreme levels of inequality, even if everyone does start off equally?
If you haven’t read or heard much on income/wealth inequality, I highly recommend watching this video to understand how unequal wealth has gotten within the U.S. If you don’t have time for the video, this chart will do (from this article):

As you can see that the top 1% has seen a huge increase in the share of national income while the bottom 50% have seen a decrease in their share. However, this is for total income. If we were to look at specific kinds of income and assets in the U.S. more generally, we would see a clearer picture of what is driving inequality. Using the Survey of Consumer Finances data I looked at the inequality across households for various financial metrics (i.e. Net Worth, Assets, Dividend Income, etc.). I found that though income inequality is getting worse, financial assets exhibit far more inequality:

The y-axis here is an inequality measure (a Gini coefficient calculated using the household weights from the Survey of Consumer Finances). As you can see, income from financial assets exhibits far more inequality than traditional wage income. This data aligns with a Bloomberg article that discusses some of the main drivers of recent inequality including: an increased share of capital income compared to labor income and rising concentrations of capital.
Essentially, technological changes have given the owners of capital a bigger share of the gains than the individuals using that capital. This is why business owners are getting rich while employees are not, though employees are far more productive than they used to be (see my article on productivity here). One solution is to get more individuals to have more ownership of capital (i.e. businesses, stocks, etc.), which is easier said than done.
So inequality is increasing, but what’s the big deal? Simply: large enough relative differences in income/wealth can lead to civil unrest. Yes I am talking about “grabbing the pitchforks” among other things. You might think I am crazy for suggesting this as a possibility, then what do you think about the Silicon Valley elite who have already started preparing for this scenario? I think as a nation we need to realize that even with equality of opportunity, we need to have some mechanism in place to prevent extreme levels of inequality if current trends continue. The Giving Pledge which has the support of many top billionaires is a start, but I don’t think this will be enough, especially with the current tax proposals being considered in Washington.
Equality and Justice For All: Do Any Solutions Exist?
Given where we are today, do any solutions exist to slow or reverse rising inequality? One possibility, which almost never discussed by the media/politicians, is raising the capital gains tax. One study attributed most of the changes in inequality to lowered capital gains taxes in recent decades.
The counter argument against increased capital gains taxes is that they lower incentives for investment and harm economic growth. However, there seems to be no empirical evidence of this. In a testimony by Leonard E. Burman in 2012, Burman found that there was no significant correlation between the capital gains tax and economic growth in the U.S:

Now, even if we increased the capital gains tax, this does not address how to increase the income/wealth of lower classes. Capital gains is a way to slow the rich down, but it won’t necessarily speed up the poor. For this reason I don’t like this solution that much.
A better solution that also addresses the imbalance in financial asset ownership was proposed in a book by Jerry Kaplan. The idea is to set a company’s corporate tax rate based upon the number of people that would benefit from ownership. Therefore, those companies that have wider distribution of ownership would be taxed less than companies with concentrated ownership. This would provide an advantage in the marketplace to those companies that are owned most equitably by the most number of people. I personally think it is a fantastic idea in theory, though it may be difficult in practice and can likely be gamed.
One final caveat on this discussion is that inequality is not static. The people in the top 1% percent of income in one year are not all the same people in the next year. There is some level of income mobility in the U.S. as this New York Times article discusses how “12 percent of of the population will find themselves in the top 1 percent of the income distribution for at least one year” and “56 percent will find themselves in the top 10 percent.”
I hope you enjoyed thinking about some of these issues as I am unsure myself on how we can solve them. Please comment if you have any thoughts on this, I would love to hear them. I don’t know what the future holds, but I hope it isn’t pitch forks.
Thank you for reading! If you liked this post, please consider clicking that green heart on the left or sharing on Twitter, Facebook, or LinkedIn. Follow me here for future stories.
This is post 10. Any and all code I have related to this post can be found here with the same numbering: https://github.com/nmaggiulli/of-dollars-and-data
Disclaimer
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. The postings on this site are my own and do not necessarily reflect the views of my employer.
EconomicsInequality

RE-BLOGGED ON: Basilovecchioblog.wordpress.com

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“Seize The Moment” For Over NINTY Percent of “We The People”.

March 28, 2017

“SEIZE THE MOMENT ! ”
President Donald Trump, CEO, Executive Branch of the Government of the United States of America,
“It is time to give the power back to its rightful owners – ‘The People’. It is time to deal.”

A Historic Change For The Betterment of The People.
Allow everyone to achieve “The American Dream” and to retain their “Fair Share”
Yes,”It’s a very exciting time for America.
Their voices represent a bright new future for our great nation full of more opportunities
for everyone, not just a select few.
Together, we are creating a movement that continues to gain momentum.
Together, we are making history. Together, we are bringing back the American Dream.
The time is now, together, we will Make America Great Again!”

The US Constitution has structured this union
so that the Chief Executive Officer, CEO (The President)
is responsible to its Board of Directors, BOD (The Congress)
and with its Chief Compliance Office, CCO (The U.S. Supreme Court)
shall work together “…to form a more perfect Union, establish Justice, ensure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”

The best way to attack a problem- A Solution that fixes it.
We can not negotiate with anyone that will not negotiate in ‘good faith; nor should we!
Mick Mulvaney, the director of the White House Office of Management and Budget, Paraphrased Washington as being ‘broken’ and questioned the GOP’s capability to lead. ‘Is the Republican Party capable of governing?’ he asked. ‘I know the man in the White House is capable of governing. I saw it this week.'(Meet The Press-3/26).
Trump, the businessman who touted his ability to get things done and promised to transcend Washington politics, said he’s learned from the experience “This was an interesting period of time. We all learned a lot,” he said in the Oval Office. “We learned a lot about loyalty and we learned a lot about the vote getting process. And we learned about very arcane rules in both the Senate and the House. “Certainly for me it was a very interesting experience, but for me, it’ll be an experience that leads to an even better healthcare plan.”

President Donald Trump,
Requests your attendance and participation:
A special invitation to Senator Bernie Sanders,
Rep. John Conyers,
Speaker of the House Paul Ryan, and
Republican Majority Leader Mitch McConnell,
to come together at the White House for a special meeting to put together an acceptable Congressional Bill that will amend and repeal the ACA known as Obamacare, while creating ” Affordable coverage for everyone; lower deductibles and healthcare costs”.

Agenda:
“It’s time to rewrite the rules―to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity.”(Economic Nobel Laureate Joseph Stiglitz)

Fix……………….. The American Health Care System.
Increase……. Wages, Jobs, the Standard of Living.
Decrease…… National Debt, Poverty, Inequality Gaps.

Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.

1. Negotiate:
Senator Bernie Sanders’ bill, S. 469 – the Affordable and Safe Prescription Drug Importation Act – which would help curb the skyrocketing cost of medicine for not just seniors, but all consumers, by allowing us to import cheaper prescription drugs from Canada.

2. Negotiate:
Rep. John Conyers’ bill, H.R. 676, the Expanded and Improved Medicare for All Act – a single payer universal healthcare plan.

3. Negotiate:
The American Health Care Act of 2017.
” We need to try a thrifty version of Medicare for all, with negotiated prices for drugs, hospitals, and diagnostic equipment.” (Ellen Brown, Web of Debt)

4.Negotiate:
The Budget.

5. Negotiate:
An Infrastructure Plan that will create Multi-millions of jobs.

United, We shall PLEDGE to
…..establish Justice…
FOR ALL.
…..insure domestic Tranquility…
FOR ALL,
…..provide for the common defense…
Foreign, or Domestic,
…..promote the general Welfare…
Health and Education,
FOR ALL,
….secure the Blessings of Liberty to ourselves and our Posterity,…”
Wealth as an entitlement for the rich as well as an entitlement as a
standard of living,
FOR ALL.

A simple change in direction of doing something
for the common bettering of all the people.

United, “… after due examination and analysis,… find to be kind, conducive to the good, the benefit, the welfare of all beings – that doctrine believe and cling to, and take it as your guide.”- Buddha

“Ryancare” Dead on Arrival: Can We Please Now Try Single Payer? Posted on March 14, 2017 by Ellen Brown “The Canadian plan also helps Canadians live longer and healthier than Americans. . . . We need, as a nation, to reexamine the single-payer plan, as many individual states are doing. ” — Donald Trump, The America We Deserve (2000)

March 14, 2017

“Ryancare” Dead on Arrival: Can We Please Now Try Single Payer?

Justaluckyfool, on March 14, 2017 at 9:03 am said: Your comment is awaiting moderation.

” We need to try a thrifty version of Medicare for all, with negotiated prices for drugs, hospitals and diagnostic equipment.” (Ellen Brown)
The best way to attack a problem- A Solution that fixes it.
*****
“It’s time to rewrite the rules―to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity.”( Economic Nobel Laureate Joseph Stiglitz)

“TAXPAYER INCOME REVENUE PRODUCING ASSETS” ( T.I.R.P.A. )
Increase……. Wages, Jobs, the Standard of Living.
Decrease…… National Debt, Poverty, Inequality Gaps.
It sounds great; but even more important, it not only pays for itself; it reduces national debt !

Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.

Not a bailout.
Not a cost to all the taxpayers.
Not an increase in deficit spending.
Rather a magic economic proven golden bullet.

( T.I.R.P.A. )
The FEDS made direct purchase of bank assets.The Fed has already proven that it can do this; with a profit to the US Treasury and with no increase in the debt (it is an asset purchase).
We must have Congress legislate that the Federal Reserve Bank shall make purchases of Public State Bonds For Infrastructure (PSBFI).
Each state will have as a member of the Federal Reserve a pubic state bank along with one additional member for the District of Columbia.
Each member (Public State Bank) will be entitled to issue $1 billion per electoral vote. All bonds will have the same terms and conditions and will be made available for purchase by the Federal Reserve for that year of issue.
All PSBFI’s will have a term of 20 years with the payment conditions as follows:
Each dollar face value will be sold at a twenty-five percent (25%) discount to the Fed.
There will be no interest charges.
The entire bond will have 20 equal payments due each year.
The T.I.R.P.A. BONDS will act as a line of credit: after 360 days of each annual
payment; that amount will be available to each entity with the same terms and conditions.

( T.I.R.P.A. )for Universal Healthcare
Federal government to deposit $538 BILLION in Public State Banks for its asset purchase of $674.5 Billion of State Medicare, Medicaid Relief Bonds with a term of 20 years with equal annual payments. Each state shall deem when funds are to be dispersed. The allocation shall be based upon the fair and just system: $1 billion per electoral vote. This amount will be available as a line of credit.
Ex., DC has $3 billion available ($1b X 3 Electoral votes).
THE BOND NOTE WILL READ $4.5 Billion with a $2.25 million annual payment for
20 years.
This will allow DC after 360 days of payment to borrow $169.75 million by selling the Fed a TIRPA 20/Yr Bond Face value $225 million.

It sounds great; but even more important, it not only pays for itself;
it reduces national debt !
” We need to try a thrifty version of Medicare for all, with negotiated prices for drugs, hospitals and diagnostic equipment.” (Ellen Brown) Let the States do just that-Give the power back to the people.

Rewrite the Rules. Reverse the Money Flow. (I.P.R.A.P.)(T.I.R.P.A.)

March 14, 2017

***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis, you find to be kind, conducive to the good, the benefit, the welfare of all beings – that doctrine believe and cling to, and take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC), Hindu Prince, founder of Buddhism
******* “”We cannot solve our problems with the same thinking we used when we created them.”Albert Einstein

“It’s time to rewrite the rules―to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity.”(Economic Nobel Laureate Joseph Stiglitz)

Increase……. Wages, Jobs, the Standard of Living.
Decrease…… National Debt, Poverty, Inequality Gaps.
Yes, IT IS TIME TO MAKE AMERICA GREAT AGAIN.

A HISTORIC CHANGE For The Betterment of The People.
Allow everyone to achieve “The American Dream” and to retain their “Fair Share”
Yes,”It’s a very exciting time for America.
Your voices represent a bright new future for our great nation full of more opportunities for everyone, not just a select few.
Together, we have created a movement that continues to gain momentum.
Together, we are making history. Together, we are bringing back the American Dream.
The time is now, Together, we will Make America Great Again!”

The U S Constitution has structured this union
so that the Chief Executive Officer, CEO (The President)
is responsible to its Board of Directors, BOD (The Congress)
and with its Chief Compliance Office, CCO (The U.S. Supreme Court)
shall work together “…to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”

WE MUST FOLLOW THE MONEY FLOW!
As Nobel Laureate Frederick Soddy stated, “Money now is a license to live.”
“Since, in all monetary civilizations, it is money that alone can effect the exchange of wealth and the continuous flow of goods and services throughout the nation, money has become the lifeblood of the community, and for each individual a veritable license to live at all…”(The Role Of Money.)
It is time to claim “Your FAIR SHARE of the American Dream.”
Make the money flow for the betterment “Of The People,” a reversal, a change “For The People”.
THIS FLOW WILL BE GENDER NEUTRAL, RACE NEUTRAL AND BASED ONLY on the fulfillment for LIFE, LIBERTY AND THE PURSUIT OF HAPPINESS.
Now is the time to create the laws that would allow this change in direction.
Help to decrease the gaps of inequality, help decrease the numbers of those
in the grip of poverty, help raise the standard of living; all at the same time…
WE MUST REVERSE THE DIRECTION OF THE PRESENT FLOW !

“Trickle Down” now doesn’t work.
Yes, OCCUPY, Yes, Pope Francis, the “Trickle Down” system doesn’t work.
It doesn’t work because the establishment impedes the flow.
REPEAT: It doesn’t work because the establishment impedes the flow.
This must change.
We must remove these impediments and create a flow of wealth directly to the “PEOPLE.”
The system is meant to “reward all”, to allow all “Their Fair Share.”
Millions now realize;… the economy is rigged, …the justice system is rigged, …the health care system is rigged, …the employment system is rigged.
All part of an economic system that is really just a rigged political system.
Fortunately, this past November the voters across America have made the choice to cast a revolutionary vote to “MAKE AMERICA GREAT AGAIN.”
SEVENTY percent of the people believe the American economy is rigged. And they’re right.
EIGHTY percent of the people desire a change, a revolution. And they’re right.
History has allowed an opportunity for “AMERICA TO MAKE ITSELF GREAT AGAIN.”
We must mandate a reversal of “… an economic recovery program that has… fueled the increase in wealth inequality…”
Reverse that program, make the money FLOW to “…help form a more perfect Union,
establish Justice, insure domestic Tranquility, provide for the common defense, promote
the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity…”
“Yes, We Can Lower Taxes, Pay Off The Debt, And At The Same Time Increase Revenue.”
TWO IMMEDIATE STEPS:
Step One:
“INEQUALITY and POVERTY REDUCTION ADJUSTMENT PROGRAM”
( I.P.R.A.P. )
Capitalism demands inequality as a just proportional reward.
It is the size of the “Gaps” where the administration of inequality becomes distorted.
The size of the ‘Gaps’ are a demand of the administration of the quality and quantity of these ‘gaps’.
Taxation is a ways and means by which a government controls the quality and quantity of its currency already in circulation.
Currency that it can redistribute without changing the quality or quantity of the entire currency.
American Capitalism should allow everyone to achieve
‘The American Dream’ and to retain that “Fair Share.”
But that dream should not impede the poor and elderly from achieving their FAIR SHARE.
Nor should it impede the risk and reward which will ultimately lead to a betterment for all.
A federal taxation of personal income must recognize the sanctity of “The fruits of mankind’s labor”
A federal taxation of personal income should be used to control the distribution of income to obtain
a fair and just sharing of the American Dream, a just and fair sharing of the world’s riches while
maintaining the greatest standard of living.

“Inequality and Poverty Reduction Adjustment Program” ( I.P.R.A.P. )
“THE NEW ONE PAGE: Federal Personal Income Tax: 2017”
Brackets & Rates for Joint filers with:
GROUP ONE- income less than $100,000:
GROUP TWO- income more than $100,000 but less than $225,000:
GROUP THREE-income more than $225,000:
*Brackets for single filers are ½ of these amounts.
ALL income is taxable and must be reported.
All income is to be taxed at the same rate-30%.
NO exemptions. NO loopholes.Period.
Deductions:
This plan will increase the standard deduction for joint filers to $80,000,
and the standard deduction for single filers will be $40,000.
Tax must be paid, any claim of injustice may be filed for a proportional refund, if approved, it shall become a tax credit in the next year.
***The Tax Group One:
A… will receive a 8% distribution to replace their losses caused by sales taxes which are a detriment to their ‘standard of living’. This 6% will also replace any Social Security loss. The rebate will help grow our economy as well as allow wage earners to keep their share of the American Dream and raise the standard of living.

***Both Tax Group One and Tax Group Two:
A… will receive a direct refundable tax credit as provided for ‘Child and Home Care’ of $2500.
Refundable Tax credits that become ‘overages’ will become an immediate cash refund.
B… will receive a refundable tax credit of $2,000 for each child under the age of 18 for HEALTH AND EDUCATIONAL MAINTENANCE.
C… VETERANS WHO SERVED; DESERVE a direct lifetime annual refundable tax credit of $3,000.
D… will receive a 15% ‘take home’ pay increase.There will be no FICA payment taken out of their pay.This is at ZERO cost to production (The minimum wage concept would cost jobs as well as increase production cost). This merely places what was earned into their paycheck; it is the 15% F.I.C.A. that was withheld from them; now going directly into their takehome pay.
( I.P.R.A.P. ) will create a direct increase in wages, an increase in Social Security, a direct increase
in income to more than 80% “of the people.” and it will be done “along with a
reduction in National Debt.”
We must mandate that the Executive branch and the Legislative branch,
Reverse an economic privileged program that has lead to increases in wealth inequality.
Reverse that program, make the money FLOW to “…help form a more perfect Union, establish Justice,
insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure
the Blessings of Liberty to ourselves and our Posterity…”

Step Two:

“TAXPAYER INCOME REVENUE PRODUCING ASSETS”
( T.I.R.P.A. )
Trillions can be used to create millions of new jobs, purchases of “TAXPAYER INCOME REVENUE PRODUCING ASSETS ( T.I.R.P.A. ).
T.I.R.P.A. will produce a positive stream of tax revenue to be used for Congressional appropriations. “TIRPA” ( T.I.R.P.A. ) a simple plan, using our resources, making purchases of STATE BONDS FOR INFRASTRUCTURE which will create 25 million American new jobs ‘for the people, by the people, of the people’. Produce CLEAN WATER, CLEAN AIR, CLEAN ENERGY and NEW INFRASTRUCTURE IN EACH STATE.
An economic solution to long term problems that will also increase employment,
increase GDP and improve standards of living today and for the next generation.
” The economy needs an injection of new money just to bring it to former levels. In July 2010, the New York Fed posted a staff report showing that the money supply had shrunk by about $3 trillion since 2008, due to the collapse of the shadow banking system. The goal of the Federal Reserve’s quantitative easing was to return inflation to target levels by increasing private sector borrowing. But rather than taking out new loans, individuals and businesses are paying off old loans, shrinking the money supply. They are doing this although credit is very cheap because they need to rectify their debt-ridden balance sheets just to stay afloat. They are also hoarding money, taking it out of the circulating money supply. Economist Richard Koo calls it a “balance sheet recession.”
The Federal Reserve has already bought $3.6 trillion in assets simply by “printing the money” through QE. When that program was initiated, critics called it recklessly hyperinflationary; but it did not create even the modest 2% inflation the Fed was aiming for. Combined with ZIRP – zero interest rates for banks – it encouraged borrowing for speculation, driving up the stock market and real estate; but the Consumer Price Index, productivity, and wages barely budged. As noted on CNBC in February:
Central banks have been pumping money into the global economy without a whole lot to show for it . . . . Growth remains anemic, and worries are escalating that the U.S. and the rest of the world are on the brink of a recession, despite bargain-basement interest rates and trillions in liquidity.” https://www.perrymangroup.com/2014/11/07/the-end-of-quantitative-easing/
President Trump, “We are going to fix our inner cities and rebuild our highways, tunnels, airports, schools, hospitals. We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.”
Yes,
It sounds great; but even more important, TIRPA not only pays for itself; it reduces national debt !
Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.
( T.I.R.P.A. ) , Plans to create millions of jobs that will pay for themselves while decreasing federal debt, poverty, as well as the income gap
Not a bailout.
Not a cost to all the taxpayers.
Not an increase in deficit spending.
Rather a magic economic proven golden bullet.
The FEDS made a direct purchase of bank assets.The Fed has already proven that it can do this; with a profit to the US Treasury and with no increase in the debt (it is an asset purchase).
We must have Congress legislate that the Federal Reserve Bank shall make purchases of Public State Bonds For Infrastructure (PSBFI).
Each state will have as a member of the Federal Reserve a public state bank along with
one additional member, the District of Columbia.
Each member (Public State Bank) will be entitled to issue $1 billion/ electoral vote. All bonds will have the same terms and conditions and will be available to the Federal Reserve for that year of issue.
All PSBFI’s will have a term of 30 years with the payment conditions as follows:
Each dollar of face value will be sold at a fifty percent (50%) discount to the Fed.
There will be no interest charges.
The entire bond will have 30 equal payments due each year.
The T.I.R.P.A. BONDS will act as a line of credit: after 360 days of each annual
payment; that amount will be available to each entity with the same terms and conditions.
Ex., DC has $3 billion available ($1 X 3 Electoral votes).
THE BOND NOTE WILL READ $6 Billion with a $200 million
annual payment for 30 years.
This will allow DC after 360 days of payment to borrow $200 million by selling the Fed a TIRPA 30/Yr Bond Face value $400 million.
It sounds great; but even more important, it not only pays for itself;
it reduces national debt !
A “QE” purchase of $538 billion in State Bonds with a face value of $1,076 billion.
Producing an increase net revenue income of $538 billion over 30 years!!!!
Ex., CA has $55 billion available ($1 X 55 Electoral votes); etc.
( T.I.R.P.A. )”Border Security Bond” having a face value of $40 billion, to be issued by 4 State Public Banks;
The U.S. states along the border, California, Arizona, New Mexico, and Texas. These states shall use $20 billion of TIRPA “Border Security Bond” money:
This special issue shall have a face value of $40 billion with a 30-year equal annual payment plan.(“TAXPAYER INCOME REVENUE PRODUCING ASSETS” ( T.I.R.P.A. )to secure and maintain our border with Mexico. Each state will use a proportional amount based upon the actual state border mileage plus the number of points of entry. There are 48 U.S.–Mexico border crossings which shall be used to process a two percent (2%) service fee on all items for U.S.A. admission. The states will use these fund to pay off the bonds and also to maintain the border.
The states will have the option to issue new TIRPA bonds should they wish to make this fixture into an energy producing asset.
Thousands of megawatts of solar power; helping to make America great again.
Yes, a wall for security that will perform in many ways to help ‘Make America Great Again’.
( T.I.R.P.A. )for Disaster Relief. 2017 issue face value $1,076 Billion.
Federal government to deposit $538 BILLION in Public State Banks for its asset purchase of $1,076 Billion of State Disaster Relief Bonds with a term of 30 years with equal annual payments. Each state shall deem when funds are to be dispersed. The allocation shall be based upon the fair and just system: $1 billion per electoral vote. This amount will be available as a line of credit.

Yes, you can lower federal personal income taxes and lower federal corporate profit taxes. Period.
YOU NEED ONLY INCREASE TAX REVENUES FROM “SOMEWHERE ELSE”.

No longer shall we listen to the outcry by the establishment,
“WE WISH WE COULD HAVE DONE MORE FOR THE PEOPLE.”
“WE THE PEOPLE” WILL DEMAND MORE “FOR THE PEOPLE, BY THE PEOPLE.”
Yes,”It’s a very exciting time for America.”
GOD BLESS AMERICA.
justaluckyfool@aol

WE Can Do More For The People ! “FEDERAL INCOME REVENUE PRODUCING ASSETS” (F.I.R.P.A. )for Disaster Relief; INFRASTRUCTURE; & JOBS,JOBS,JOBS.

March 9, 2017

“We are going to fix our inner cities and rebuild our highways, tunnels, airports, schools, hospitals. We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.” (President Donald J Trump)
“It’s time to rewrite the rules―to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity.”( Economic Nobel Laureate Joseph Stiglitz)

Increase……. Wages, Jobs, the Standard of Living.
Decrease…… National Debt, Poverty, Inequality Gaps.
It sounds great; but even more important, it not only pays for itself; it reduces national debt !
“FEDERAL INCOME REVENUE PRODUCING ASSETS” ( F.I.R.P.A. )(FIRPA)
Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.
( F.I.R.P.A. ) , Plans to create millions of jobs that will pay for themselves while decreasing federal debt, poverty, as well as the income gap
Not a bailout.
Not a cost to all the taxpayers.
Not an increase in deficit spending.
Rather a magic economic proven golden bullet.

( F.I.R.P.A. )for Infrastructure Investment.
The FEDS made direct purchase of bank assets.The Fed has already proven that it can do this; with a profit to the US Treasury and with no increase in the debt (it is an asset purchase).
We must have Congress legislate that the Federal Reserve Bank shall make purchases of Public State Bonds For Infrastructure (PSBFI).
Each state will have as a member of the Federal Reserve a pubic state bank along with one additional member for the District of Columbia.
Each member (Public State Bank) will be entitled to issue $1 billion per electoral vote. All bonds will have the same terms and conditions and will be made available for purchase by the Federal Reserve for that year of issue.
All PSBFI’s will have a term of 20 years with the payment conditions as follows:
Each dollar face value will be sold at a twenty-five percent (25%) discount to the Fed.
There will be no interest charges.
The entire bond will have 20 equal payments due each year.
The F.I.R.P.A. BONDS will act as a line of credit: after 360 days of each annual
payment; that amount will be available to each entity with the same terms and conditions.
Ex., DC has $3 billion available ($1b X 3 Electoral votes).
THE BOND NOTE WILL READ $4.5 Billion with a $2.25 million annual payment for
20 years.
This will allow DC after 360 days of payment to borrow $169.75 million by selling the Fed a new “FIRPA 20/Yr Bond” Face value $225 million.

It sounds great; but even more important, it not only pays for itself;
it reduces national debt !
A “QE” purchase of $5.38 Trillion in State Bonds
with a face value of $6.725 trillion.
Producing a net income of $1.345 Trillion over 20 years!!!!
Ex., CA has $55 billion available ($1b X 55 Electoral votes); etc.

( F.I.R.P.A. )”Border Security Bond”
The U.S. states along the border, California, Arizona, New Mexico, and Texas shall use $20 billions net of FIRPA “Border Security Bond” money :
This special issue shall have a face value of $25 billion with a 20 year equal annual payment plan.(“FEDERAL INCOME REVENUE PRODUCING ASSETS” ( F.I.R.P.A. )to secure and maintain our border with Mexico. Each state will use a proportional amount based upon the actual state border mileage plus the number of points of entry. There are 48 U.S.–Mexico border crossings which shall be used to process a two percent (2%) service fee on all items for U.S.A. admission. The states will use these fund to pay off the bonds and also to maintain the border.
The states will have the option to issue an additional new TIRPA bond with a net $10 billion should they wish to make this fixture into an energy producing asset – a solar energy producing wall.
Thousands of megawatts of solar power; helping to make America great again.
Yes, a wall for security that will perform in many ways to help ‘Make America Great Again’.
( F.I.R.P.A. )for Disaster Relief.
Federal government to deposit $538 BILLION in Public State Banks for its asset purchase of $672.5 Billion of State Disaster Relief Bonds with a term of 20 years with equal annual payments. Each state shall deem when funds are to be dispersed. The allocation shall be based upon the fair and just system: $1 billion per electoral vote. This amount will be available as a line of credit.

Yes you can lower federal personal income taxes, and lower federal corporate profit taxes. Period.
YOU NEED ONLY INCREASE TAX REVENUES FROM “SOMEWHERE ELSE”.
SO HOW WILL THE STATES
PAY OFF THESE FIRPA BONDS ?
SO MANY WAYS:
…Collect tolls
…Sell clean energy
…Finance disaster repairs @ 3% for 20 yrs.
…Collect sale taxes, etc.

“In short, there is no argument against spending more money to both boost growth to create jobs and meet real needs.”
**OMG, Can the Bank Of England do just that ?
**OMG, Can an HONEST CENTRAL BANK do just that ?

No longer shall we listen to the outcry by the establishment,
“WE WISH WE COULD HAVE DONE MORE FOR THE PEOPLE.”
“WE THE PEOPLE” WILL DEMAND MORE “FOR THE PEOPLE, BY THE PEOPLE” .
Yes,”It’s a very exciting time for America.”
GOD BLESS AMERICA.
justaluckyfool@aol.com

NEED PROOF……read more:
“Brexit”,(read: “Buildit”) to deliver a democratic, accountable, and realistic New Deal ”
“The European Union has sowed the wind. It may reap the whirlwind. Unless it moves, and quickly, not merely to assert a hollow “unity” but to deliver a democratic, accountable, and realistic New Deal – or something very much like it – for all Europeans.” James Galbraith.
https://urpe.wordpress.com/2016/06/25/the-day-after-james-galbraith-on-brexit/

THE “BREXIT” SOLUTION TO DECREASE INEQUALITY GAPS, POVERTY, and NATIONAL DEBT.
ONE SENTENCE -A DEMOCRATIC REPUBLIC CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.
AN HONEST CENTRAL BANK (GUARDIAN) THAT BORROWERS MONEY FROM ITS LAWFUL OWNERS(THE PEOPLE), LENDS IT AND CHARGES A SERVICE FEE (TAX) TO SECURE AN INCOME STREAM TO TURN OVER TO LEGISLATORS TO USE FOR THE BETTERMENT OF ALL.
READ MORE: by Justaluckyfool http://bit.ly/MlQWNs

Justaluckyfool, “..Capitalism is the best system to date devised by mankind. As it is administrated, perhaps, is where the ‘flaw’ is manifested. If capitalism used its Central Bank properly, with honesty, accountability and transparency for the betterment of the common good, with equality and justice for all, capitalism could be one of the greatest achievements of mankind.”

Quote Soddy,
“… money has become the life-blood of
the community, and for each individual a veritable
licenseto live at all. ” SODDY.(The Role of Money. 1936)
… unless and until the barriers that oppose the free and full distribution of wealth from the producer to the
ultimate user and consumer are broken down and the flow of wealth again fulfils the purpose for
which men have striven to create it. Since, in all monetary civilizations, it is money that alone can effect
the exchange of wealth and the continuous flow of goods and services throughout the nation, money has
become the life-blood of the community, and for each individual a veritable license to live at all.”
Free download-“The Role Of Money” by Frederick Soddy
https://archive.org/…/rol…/roleofmoney032861mbp_djvu.txt ;

Email from Positive Money.

Dear Carmen,
There have been three big exciting breakthroughs in the last two weeks, which have been overlooked in all the focus on Brexit*, so we wanted to share the good news.
These breakthroughs involve three of the world’s most powerful central banks: the Bank of England, the US Federal Reserve and the European Central Bank.

1) Bank of England
Screenshot 2016-06-23 09.49.04.pngThe Bank of England has announced that it will be adopting a policy change that Positive Money has been arguing for over the last 2 years.
The BoE will finally allow non-bank ‘payment service providers’ to hold accounts at the Bank of England, so that they can compete with existing banks to provide current (checking) accounts.
This might sound like a minor technical change, but it could lead to a profound shift in the financial system. It will reduce the power of banks and expose them to competition in payment services. The financial technology (fintech) firms can then show that payments accounts can be provided cost-effectively without the power to create money.
It will be then much easier to campaign for stopping banks from creating money completely.
This is a huge step in the right direction and a big win for Positive Money research team and for the campaign! Read more about it here.
And please share this news on facebook and twitter.

2) US Federal Reserve
Screen Shot 2016-06-22 at 10.53.30.png
The Chairwoman of the US Federal Reserve, Janet Yellen, said that they ‘might legitimately consider’ using Public Money Creation.
Public Money Creation, using central bank money to directly finance spending in the real economy, has been taboo for over fifty years.
This is a massive step forward for the campaign as credibility for this idea grows among central bankers. Read more about it here.
Share on facebook and twitter.

3) European Central Bank
QE4P_ECB open letter 2.jpg
A group of 18 Members of the European Parliament have signed an open letter to the President of the ECB, Mario Draghi, calling on the ECB to study the viability and implementation of helicopter money (a type of public money creation).
The letter, which was reported in the Financial Times, encourages the ECB to carry out a full and in-depth analysis of alternative policies to quantitative easing. Read more about it here.
You can help spread this exciting news by sharing this on facebook and twitter.

* What does Brexit mean for monetary reform in the UK? Read here.

Best wishes,

Ben and the rest of the Positive Money team
http://www.positivemoney.org
**********************
https://rwer.wordpress.com/2016/06/25/in-the-wake-of-brexit-will-the-eu-finally-turn-away-from-austerity/

“This bleak economic performance was not dictated by the gods. It was the result of the conscious decision by the EU leadership to turn toward austerity in 2010, long before the economy was close to having recovered. Rather than using fiscal policy to steer economies toward full employment and address needs in infrastructure, clean energy, education and health care, the EU leadership demanded that governments move toward balanced budgets. This meant cutbacks in spending and tax increases that worsened and prolonged the downturn.”

“Give The Power Back To The People.” (F.I.R.P.A. ) and ( I.P.R.A.P. )

February 26, 2017

It’s time to rewrite the rules.
Increase……. Wages, Jobs, the Standard of Living.
Decrease…… National Debt, Poverty, Inequality Gaps.

***“FEDERAL INCOME REVENUE PRODUCING ASSETS”
( F.I.R.P.A. )
***“Inequality and Poverty Reduction Program”
( I.P.R.P. )

Preface.
THE K.I.S. SOLUTION TO DECREASE INEQUALITY GAPS, POVERTY, and NATIONAL DEBT:
INCREASE WAGES, JOBS, and the STANDARD OF LIVING:
-ONE SENTENCE
-A REPUBLIC DEMOCRATIC CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.
AN HONEST CENTRAL BANK (GUARDIAN) THAT BORROWERS MONEY FROM ITS LAWFUL OWNERS( The community), LENDS IT AND CHARGES A FEE (TAX) TO SECURE AN INCOME STREAM TO TURN OVER TO CONGRESS TO USE FOR THE BETTERMENT OF ALL.

***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC), Hindu Prince, founder of Buddhism
******* “”We cannot solve our problems with the same thinking we used when we created them”.Albert Einstein
THE SOLUTION!!!
An Honest Central Bank (via Amend The Fed) being formed using PBI’s Public Bank System (51 public banks-50 states plus 1 for D.C plus the United States’ sixteen territories), combined with AMI’s “Separation of Private For Profit Banks (PFPB) from Government along with Frederick Soddy’s Theory of “The Role Of Money”.
Create an Income stream “For The People”, simply by doing what the Central Bank had been doing for the PFPB-Private For Profit Banks, (That was to allow the banks to earn a Net Interest Income of over $20 trillion by charging interest on issuance (loans) over the last 20 years).
“Reverse..“… an economic recovery program that has privileged the recovery of financial markets and corporate profits has fueled the increase in wealth inequality, in the United States and across the world.”
Reverse that program, make the money FLOW to “…help form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”

***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC), Hindu Prince, founder of Buddhism
******* “”We cannot solve our problems with the same thinking we used when we created them”.Albert Einstein

A HISTORIC CHANGE For The Betterment of The People.
Allow everyone to achieve “The American Dream” and to retain their “Fair Share”

Let us begin with an open Letter from http://www.monetary.org :

“An Open Letter to
President Elect Trump President Elect Trump,
Drain the Monetary Swamp. End the deficit, pay off the national debt as it comes due, get rid of Obama Care by giving us real national healthcare, pay for education: it is all possible by draining the monetary swamp of the fraudulent debt money system. Guess what it also does? It unifies our country by addressing the very real concerns of all Americans. The U.S. monetary system is so corrupt that almost nobody understands it. But it is really quite simple
• Almost all of what we use for money is created out of thin air by banks when they make loans.
• This debt money exists only as debt, as the debts are repaid the money is extinguished from the bank’s bookkeeping.
• We must therefore be in debt, individually and through our government, or there would be no money and society would grind to a halt.
• It gets worse, there is no money created with the loans for the significant interest that we must pay. This makes it even more impossible to reduce the level of indebtedness and insures that it must perpetually increase.
• The Federal Reserve is no more federal than Federal Express. All 12 Federal Reserve Banks are owned entirely by the private banks in their districts.
• Even our currency, which accounts for only about a tenth of the total money supply, is printed by the government and then given to the Federal Reserve for the cost of printing to be distributed to the banks. Our government is paid a nickel for a $1 bill and 14.3 cents for a $100 bill. The only real money in this system are the coins in our pockets and piggy banks. Our government is paid face value by the Fed for every coin minted. Our government gets 30 cents for a quarter and a nickel and it only gets 28.6 cents for two $100 bills. This is not a misprint, the debt money banking system pays us more for a nickel and a quarter than they do for two $100 bills.
I used the word fraudulent to describe this system, because the monetary economists at the Fed, the politicians and the bankers have not told us that this is how the system works. Most of them probably don’t ever know how it works, because the textbooks that they have learned from also misrepresent what the system is. For those that do know and haven’t told us, shame on them. Our economists, politicians and bankers are either ignorant or supporters of fraud. The Bank of England, the UK’s central bank and the model for the Federal Reserve, unequivocally stated: “In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood: the principal way is through commercial banks making loans. Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money. The reality of how money is created today differs from the description found in some economics textbooks:
• Rather than banks receiving deposits when households save and then lending them out, bank lending creates deposits.” (Emphasis BoE), Money Creation in the Modern Economy, 2014 Some on the far left have said nationalize the banks. Wrong, nationalizing banks does nothing, we need to nationalize money creation. The Constitution says money creation belongs with our government. “The Congress shall have Power To… coin Money, regulate the Value thereof…” (Article I, Section 8) The phrase “coin Money” refers to the creation of money and was used because coins at the time were considered the real money. Simple, straightforward, non partisan, monetary reform legislation was put into Congress in 2011 by Congressmen Dennis Kucinich and John Conyers: NEED Act (National Emergency Employment Defense Act). Its reforms are intuitively what one thinks the system already is.
• The Federal Reserve System, currently owned by the private banks, would be put into the federal government. • Banks would no longer create our money and would only loan money that already exists.
• Money would be created, debt-free, in non inflation/deflationary amounts and spent read..loaned) into existence for the needs of the nation: jobs, infrastructure, healthcare, education, etc. The federal debt will be repaid as it comes due, an absolute impossibility under the present system and there will be no more deficits and debt circuses in Washington.
The NEED Act transforms our society from austerity to a productive, bountiful and sustainable democracy.
More information is available at the American Monetary Institute (monetary.org).

REFERENCES:
Nick Egnatz Munster, IN occupynick@yahoo.com References Jamie Walton’s 2 page paper explains how immediate, seamless and non-disruptive the overnight transition to a government money system would be, “How the N.E.E.D. Act gives an Immediate, Seamless and Non-Disruptive Overnight Transition from a Crisis-Prone Bank Debt System to a Stable Government Money System” http://www.monetary.org/seamlesstransition/ NEED Act http://www.monetary.org/wp-content/uploads/2013/01/HR-2990.pdf “Money Creation in the Modern Economy”, Bank of England http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/ qb14q1prereleasemoneycreation.pdf The following gentlemen are at your service to bring about monetary reform. Stephen Zarlenga Director American Monetary Institute Jamie Walton Senior Researcher American Monetary Institute Dennis Kucinich Former Congressman and sponsor of the NEED Act

Where We Went Wrong: “In God We Trust”
by Justaluckyfool@aol.com
A SOLUTION: AMI, Public Banking, and Soddy
combined with an honest central bank!

Let’s start with what Ellen Brown said,
” Handwringing officials say ‘there is no free lunch’ and ‘no magic bullet.’ But UK Prof. Richard Werner says the magic bullet is just being ignored. ” The Italian Banking Crisis: No Free Lunch – Or Is There? Posted on December 21, 2016 by Ellen Brown
It has been called “a bigger risk than Brexit”– the Italian banking crisis that could take down the eurozone. Handwringing officials say “there is no free lunch” and “no magic bullet.” But UK Prof. Richard Werner says the magic bullet is just being ignored.
On December 4, 2016, Italian voters rejected a referendum to amend their constitution to give the government more power, and the Italian prime minister resigned. The resulting chaos has pushed Italy’s already-troubled banks into bankruptcy. First on the chopping block is the 500 year old Banca Monte dei Paschi di Siena SpA (BMP), the oldest surviving bank in the world and the third largest bank in Italy. The concern is that its loss could trigger the collapse of other banks and even of the eurozone itself.
There seems little doubt that BMP and other insolvent banks will be rescued. The biggest banks are always rescued, no matter how negligent or corrupt, because in our existing system, banks create the money we use in trade. Virtually the entire money supply is now created by banks when they make loans, as the Bank of England has acknowledged. When the banks collapse, economies collapse, because bank-created money is the grease that oils the wheels of production.
. . . All of which helps to explain why banks and their representatives at the IMF and the ECB are frantically demanding a no-expenses-spared taxpayer-funded rescue of Italy’s banking system.
It could also explain why Goldman Sachs took it upon itself to propose a way out of this dilemma: instead of buying Italian government bonds in their quantitative easing program, the ECB and the central bank of Italy could buy the insolvent banks’ nonperforming loans.
As observed in a July 2016 article in The Financial Times titled “Goldman: Italy’s Bank Saga – Not Such a Big Deal,” Italy’s NPLs then stood at €210bn, and the ECB was buying €120bn per year of outstanding Italian government bonds as part of its quantitative easing (QE) scheme. The author quoted Goldman’s Francesco Garzarelli, who said, “by the time QE is over – not sooner than end 2017, on our baseline scenario – around a fifth of Italy’s public debt will be sitting on the Bank of Italy’s balance sheet.” Bringing the entire net stock of bad loans onto the government’s balance sheet, he said, would be equivalent to just nine months’ worth of Italian government bond purchases by the ECB.
Buying bank debt with money generated by the central bank would rescue the banks without cost to the taxpayers, the bondholders or the government. So why hasn’t this option been pursued?
The Inflation Objection
Perhaps the concern is that it would be inflationary. But UK Prof. Richard Werner, who invented the term “quantitative easing” when he was advising the Japanese in the 1990s, says inflation would not result. In 2012, he proposed a similar solution to the European banking crisis, citing three successful historical precedents.
One was the US Federal Reserve’s quantitative easing program, in which it bought $1.7 trillion in mortgage-backed securities from the banks. These securities were widely understood to be “toxic” – Wall Street’s own burden of NPLs. The move was highly controversial, but it worked for its intended purpose: the banks did not collapse, the economy got back on its feet, and the much-feared inflation did not result. Werner says this was because no new money entered the non-bank economy. The QE was just an accounting maneuver, an asset swap in the reserve accounts of the banks themselves.
His second example was in Britain in 1914, when the British banking sector collapsed after the government declared war on Germany. This was not a good time for a banking crisis, so the Bank of England simply bought the banks’ NPLs. “There was no credit crunch,” wrote Werner, “and no recession. The problem was solved at zero cost to the tax payer.”
For a third example, he cited the Japanese banking crisis of 1945. The banks had totally collapsed, with NPLs that amounted to virtually 100 percent of their assets:
But in 1945 the Bank of Japan had no interest in creating a banking crisis and a credit crunch recession. Instead it wanted to ensure that bank credit would flow again, delivering economic growth. So the Bank of Japan bought the non-performing assets from the banks – not at market value (close to zero), but significantly above market value.
In each of these cases, Werner wrote:
The operations were a complete success. No inflation resulted. The currency did not weaken. Despite massive non-performing assets wiping out the solvency and equity of the banking sector, the banks’ health was quickly restored. In the UK and Japanese case, bank credit started to recover quickly, so that there was virtually no recession at all as a result.
For Italy and other “peripheral” eurozone countries, Werner suggests a two-pronged approach: (1) the central bank should buy the distressed banks’ NPLs with QE, and (2) the government should borrow from the banks rather than from bondholders. Borrowing in the bond market fattens the underwriters but creates no new money in the form of bank credit for the economy. Borrowing from banks does create new money as bank credit. (See my earlier article here.)
Clearly, when central banks want to save the banking system without cost to the government or the people, they know how to do it. So the question remains, why hasn’t the ECB followed the Federal Reserve’s lead and pursued this option?
The Moral Hazard Objection
Perhaps it is because banks that know they will be rescued from their bad loans will keep making bad loans. But the same moral hazard would ensue from a bailout or a bail-in, which virtually all interested parties seem to be advocating. And as was observed in an article titled “Italy: Banking Crisis or Euro Crisis?”, the cause of the banks’ insolvency in this case was actually something beyond the banks’ control – the longest and deepest recession in Italy’s history.
Werner argues that the moral hazard argument should instead be applied to the central bank, which actually was responsible for the recession due to the massive credit bubbles its policies allowed and encouraged. Rather than being punished for these policies, however, the ECB has been rewarded with even more power and control. Werner writes:
There is thus a form of regulatory moral hazard in place: regulators that obtain more powers after crises may not have sufficient incentives to avoid such crises.
What May Really Be Going On
Werner and other observers suspect that saving the economies of the peripheral eurozone countries is not the real goal of ECB policy. Rather, the ECB and the European Commission are working to force a political union on the eurozone countries, one controlled by unelected bureaucrats in the service of a few very large corporations and banks. Werner quotes David Shipley on Bloomberg:
Central bank officials may be hoping that by keeping the threat of financial Armageddon alive, they can coerce the region’s people and governments into moving toward the deeper union that the euro’s creators envisioned.
ECB and EC officials claim that “there is no free lunch” and “no alternative,” says Werner. But there is an alternative, one that is cost-free to the people and the government. The European banks could be rescued by the central bank, just as US banks were rescued by the Federal Reserve.
To avoid the moral hazard of bank malfeasance in the future, the banks could then be regulated so that they were harnessed to serve the public interest, or they could be nationalized. This could be done without cost to the government, since the NPLs would have been erased from the books.
For a long-term solution, the money that is now created by banks in pursuit of their own profit either needs to be issued by governments (as has been done quite successfully in the past, going back to the American colonies) or it needs to be created by banks that are required to serve the public interest. And for that to happen, the banks need to be made public utilities.
____________________
Ellen Brown is an attorney and author of twelve books, including the best-selling Web of Debt. Her latest book, The Public Bank Solution, explores successful public banking models historically and globally. Her 300+ blog articles are at EllenBrown.com. She can be heard biweekly on “It’s Our Money with Ellen Brown” on PRN.FM.
*******************

Where We Went Wrong: “In God We Trust”
“Capitalism is the “best” system to date devised by mankind. As it is administrated, perhaps, is where the “flaw” is manifested. If capitalism used its Central Bank properly,that is for the betterment of the common good, with equality and justice for all, capitalism could be the greatest achievement of mankind.”
There exists in this world, this universe more wealth than mankind could possibly use. Man has been given dominion
over this wealth. Mankind can not create any wealth and must distribute that which already exists.
Wealth is SOMETHING of value.
ALL Wealth on earth and in the universe exists and is expanding.
“As the worlds population has gone up, the total amount of product available per capita…has gone up.
…exactly the opposite of what…predicted. Indeed, the correlation of increased population with increased
per capita product is so strong that any scientist examining these data would immediately suspect causality..
.(S)o the more people there are, the faster the rate of technological progress, which multiples product per capita,
and whose are cumulative.
So the more of us there are, the more there will be to go around.”(The Human Factor, Robert Zubrin…2015)
We now no longer believe “In God We Trust” as having created all wealth that is needed by mankind.
Yes, we have loss our TRUST In God; now We Trust In Man to create “wealth” from nothing.
” All smoke and mirrors.” All designed with ONE intention: ‘ To Hide The Issuers Alchemy ‘. It does not matter how the ‘money’ is coined, printed, or digitized – It is not wealth. When one understands this basic universal law, they will know of this deceit.”(Frederick Soddy)
Wealth is SOMETHING of value.
ALL Wealth on earth and in the universe exists and is expanding.
Money now is the NOTHING you get for SOMETHING (a created value)
before you can get ANYTHING (a created value).
Money is a receipt for SOMETHING (a value given up).
Money can not create ANYTHING (an exchangeable value).
“The Role Of Money”
Frederick Soddy,
“The Monetary System Impedes the Flow.
Since, in all monetary civilizations, it is money that alone can effect the exchange of wealth and the continuous flow of goods and services throughout the nation, money has become the life-blood of the community, and for each individual a veritable licence to live at all.
The monetary system is the distributory mechanism, and this reading of history therefore supports up to the hilt the conclusions of those who have made a special study of what our monetary system has become. It is the primary and infinitely most important source
of all our present social and international unrest and for the failure, hitherto, of democracy.
A very slight knowledge of our actual existing monetary system makes it abundantly clear that, without democracy knowing or allowing it, and without the matter ever being before the electorate
even as a secondary or minor political issue, the power of uttering money has been taken out of national hands and usurped as a perquisite by the moneylender. Practically every genuine
monetary reformer is unanimous that the only hope of safety and peace lies in the nation instantly resuming its prerogative over the issue of all forms of money….”
So how is this, to most people not understood, that money is wealth while at the same time money can not increase wealth, but merely store or exchange what has already been given up. What is the “basic flaw” ?
Why is that flaw not understood ?
Soddy answered these questions, ““So elaborately has the real nature of this ridiculous proceeding been surrounded with confusion by some of the cleverest and most skillful advocates the world has ever known, that it still is something of a mystery to ordinary people, who hold their heads and confess they are ” unable to understand finance “. It is not intended that they should.”
As Frederick Soddy has stated as an axiom:
“**** THE THEORY OF MONEY. VIRTUAL
WEALTH….
“WHAT is Money ? Let us commence our
study of the role of money by a compre-
hensive definition of what modern money is.
Money now is the NOTHING you get for SOMETHING
before you can get ANYTHING.
Our task is to understand all that this implies.
The definition is, of course, an economic one
referring to ordinary transactions such as earning,
buying, and selling among ordinary folk generous
uncles and other voluntary benefactors not being
under contemplation and the nothing, something,
and anything of the definition refer to things of
real value in themselves, usually termed goods and
services, or simply wealth, unless hair-splitting
or purely technical distinctions turning on the
precise definition of wealth are involved. More-
over, it refers to ordinary people,
in the sense of those who neither have the opportunity nor the
power of uttering money themselves. ”
Nowhere is there a mandate to create wealth (money),
the “giving up of SOMETHING before you can get ANYTHING (money).”
Our forefathers understood what “In God We Trust” meant
An HONEST CENTRAL BANK can not, or shall not create wealth.
An honest Central Bank, the guardian of the wealth given up,
…the sole and only entity that may issue receipts on the community wealth,
…must operate with transparency,
…be held accountable.
“THEY” have used the same words to create different meanings!
“MONEY”as a receipt of wealth; “MONEY” as a creation of wealth “out of thin air”.
Nowhere is there a mandate to create wealth (money), the “giving up of SOMETHING
before you can get ANYTHING (money).” The Constitution allows Congress
…TO BORROW
…TO ‘Coin’
…TO punish counterfeiting.
This is clear in that borrowing,coining,or printing
is authorized of that which is already “wealth given up” and this is also clear
“other then that is ‘counterfeit.”

“Congress shall have power . . . to borrow money on the credit of the United States.”
Translated: Congress has the right to “borrow” real wealth from the community and has no obligation to pay interest, but must return what it has borrowed.

SODDY, “Let us right from the start get the signs right.
The owner of money is the creditor and the issuer of it is the debtor, for the owner of money gives
up goods and services to the issuer. In an honest
money system the issuer of money who gets
for nothing goods and services would do so on
trust for the benefit of the community. In
a fraudulent money system he does so for the
benefit of himself. It makes no difference whether
he passes off the money and puts it into circulation
himself or lends it at interest for others to pass off
for him. In every case what he so gets to spend or
lend is given up by someone else. Ex nihilo nihil
fit. Nothing comes from nothing..

The world was created with enough wealth for all mankind to maintain a good standard of living. We need only to form better governance.
Where we went wrong is not in establishing a Federal Reserve Bank; it is in : We have destroyed “In God We Trust” and turned to “In Private For Profit Banks (PFPB) We Trust”.
It was the fear of giving the awesome power to one institution that allowed for legislation to give PFPB the power TO ISSUE and TAX our sovereign currency.
Whom would you now rather trust?
The PFPB have shown their greed, do you believe it may be time for a change?
THE K.I.S. SOLUTION TO DECREASE INEQUALITY GAPS, POVERTY, and NATIONAL DEBT.
ONE SENTENCE -A CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.
AN HONEST CENTRAL BANK (GUARDIAN) THAT BORROWERS MONEY FROM ITS LAWFUL OWNERS, LENDS IT AND CHARGES INTEREST (TAX) TO SECURE AN INCOME STREAM TO TURN OVER TO CONGRESS TO USE FOR THE BETTERMENT OF ALL.
We can “form a more perfect union” by combining principles…
(1)…of PBI “”www.publicbankinginstitute.org/

The Public Banking Institute was formed in January 2011 and is a national educational non-profit organization working to achieve the implementation of public …
(2)… with AMI “”
AMI (American Monetary Institute) – Monetary Reform and Solutions to …
http://www.monetary.org/ ;

A foundation dedicated to the study of monetary history, monetary theory and monetaryreform.
(3)… with FREDERICK SODDY “”
The Role Of Money : Soddy,Frederick. : Free Download & Streaming …
https://archive.org/details/roleofmoney032861mbp ;

THE SOLUTION!!!
An Honest Central Bank (via Amend The Fed) being formed using PBI’s Public Bank System (51 public banks-50 states plus 1 for D.C.) combined with AMI’s “Separation of Private For Profit Banks (PFPB) from Government along with Frederick Soddy’s Theory of “The Role Of Money”.
Create an Income stream “For The People”, simply by doing what the Cenral Bank had been doing for the PFPB (That was to allow the banks to earn a Net Interest Income of over $20 trillion by charging interest on issuance (loans) over the last 20 years).
“Reverse..“… an economic recovery program that has privileged the recovery of financial markets and corporate profits has fueled the increase in wealth inequality, in the United States and across the world.”
Reverse that program, make the money FLOW to “…help form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”
Quote Frederick Soddy (The Role Of Money-1934),
“… every monetary system must at long last conform, if it is to fulfil its proper role
as the distributive mechanism of society. To allow it to become a source of revenue to private issuers is to create, first, a secret and illicit arm of the government and, last, a rival power strong enough ultimately to overthrow all other forms of government.”
WE “N.E.E.D.” ACTION NOW !
Separation from Private For Profit Banks.
We must get back to “IN GOD WE TRUST”.
We have dominion over this universe, all its wealth. As mankind exponentially grows so does the universe; a perfect system.
Only we can screw it up!
Our forefathers understood what “In God We Trust” meant.

AMERICAN MONETARY INSTITUTE
PO Box 601, Valatie, NY 12184 Tel: 224-805-2200
email:ami@taconic.net http://www.monetary.org

http://www.monetary.org/seamlesstransition/

Dedicated to the independent study of monetary history, theory and reform
“Over time, whoever controls the money system controls the nation”
Stephen Zarlenga, Director

How the N.E.E.D. Act gives an Immediate, Seamless and Non-Disruptive Overnight
Transition from a Crisis-Prone Bank Debt System to a Stable Government Money System
by Jamie Walton August 2015
The NEED Act is an elegant and simple law which overnight converts our crisis prone bank
debt money system into a pure, reliable U.S. money system in fully secure accounts.
It is painless, everybody’s money is maintained safe and secure, and all debts can be payable,
meaning no losses from systemic defaults (thus restoring confidence in crisis ridden markets).
Overnight Conversion of Bank Deposits.
Upon the NEED Act becoming law, all bank deposits are designated and treated as United States
Money (sovereign money, just as circulating coins from the U.S. Mint are now).
All bank deposits become “safekeeping accounts;” they are no longer owed by banks to their
depositors, as they now are; but are instead maintained in safekeeping for depositors (what
people think they are now). They’re still exchangeable at will for U.S. currency notes and coins.
This change happens overnight and won’t disrupt business. It relieves banks of a liability they
now have to their depositors. All these liabilities (bank deposits) are equal in value to the bulk of
the U.S. money supply.
In exchange for removing this liability from banks, an equal liability is put in its place which
requires banks to pay over to the U.S. Treasury the repayments from outstanding loan balances.
due to them, when banks are repaid by their borrowers.3 The interest remains income of banks.
This applies only to the amount of bank loans (or security purchases) that resulted in the creation
of bank deposits out of thin air – from so called fractional reserve banking.
Thus overnight, banks are relieved of liabilities that might be payable at any time (whenever the
depositor asked for them), and these are replaced with liabilities that are only payable as and
when the borrowers repay their bank loans.
Any bank loans that arose from banks borrowing money from others will still be paid back to
the banks’ lenders in the normal course of business.
Thus banks have no more liabilities in total than they had before.
Thus banks’ liquidity situation is dramatically improved, while their net worth is unaffected.
Also banks’ income situation is dramatically improved since they will no longer pay interest on
deposit accounts (their main expense) and can instead charge fees for their deposit services.
It’s an Overnight, Seamless Transition to a Just Monetary System
As the principal on bank loans is paid over to the U.S. Treasury it goes into a “Revolving Fund
Account” and is recycled back into the economy to maintain the money supply levels. The
Treasury revolving fund can lend this real U.S. money back to banks if needed and it can
provide funding to pay off the national debt as it comes due; it can provide (on a per capita
basis) interest-free loans to state and local government entities (including school and fire
districts), and provide a source of instant funding in case of a national emergency.
1…. including the equivalent for credit union accounts and Fed accounts
2…. including on securities (e.g., bonds) that were purchased by banks through the creation of bank deposits
3…. instead of these deposits being destroyed, as they are now when repayments are made on bank loans

“But Wait – There’s More – Much More”
The Fed presently holds about $4.2 trillion in various securities in its System Open Market
Account (SOMA) as “backing” for present day currency and management purposes. Under the
NEED Act these are no longer required and can be sold back into the market. This can easily
provide funding for a onetime tax free dividend for all citizens living in the U.S. It could also be
used to pay off all outstanding student debt (about $1.2 trillion).
As the economy needs more money, the Monetary Authority will advise Congress the amount
and the Treasury will be authorized to create it instead of borrowing/taxing, and can fund
programs for infrastructure, education, assuring social security, and resolving mortgages, as
authorized and appropriated by Congress (again on an equitable per capita basis). For example
it can be used to fund a sorely needed national health care system.
The NEED Act also grants one fourth of all new money created each year directly to the states
for their needs – for example pensions. Since the federal and state and local governments will
have an interest-free source of money, they will normally no longer need to borrow. Thus as
investors holding various government bonds are repaid; if they want to keep earning money
from such investments, they will have to re-invest in businesses in the private sector, thereby
generating more economic activity and more employment. Interest rates could fall.
Removing interest expenses from federal, state and local government budgets means taxes can
be reduced, which would increase the disposable incomes of consumers and producers alike,
thus generating more economic activity and thus more employment.
Good-paying jobs will be generated in engineering, education, health care, construction and
manufacturing, estimated in 2012 at 27.2 million full-time jobs.8
In this way, the economy can generate enough income to pay off all outstanding debts.
Therefore banks’ solvency situation is improved even if their net position is unchanged.
As the NEED Act makes banks’ business model more profitable, it will enable banks to reduce
the margin between the interest they charge and the interest they pay, which will be good for
both borrowers and lenders, and the economy as a whole.
Summary
The NEED Act enables the Federal Government to achieve its mandate of full employment
under the Employment Act, and enables the re-constituted Fed to achieve its “dual mandate” of
maximum employment and stable prices under the Federal Reserve Act.
Thus the NEED Act enables a non-disruptive, seamless and painless correction to our presently
mis-structured money system that is causing havoc and hardship.
The NEED Act is simple and not really radical in any sense because it is what our Constitution
explicitly calls for and is essentially what most Americans erroneously believe we now have!
– money is created by our government, not by the banks making loans;
– banks are acting as intermediaries, borrowing money from some and loaning it to others;
– government has power to create money for infrastructure, education, and health care.

4…. because its deposit accounts become safekeeping accounts and Federal Reserve notes are replaced with U.S. currency notes
that are not liabilities of the Fed
5…. this will be easily known; the right amount will be when there is no unemployment and no inflation or deflation, any
deflation and/or unemployment would indicate not enough, any inflation would indicate too much
6…. if Congress does not authorize or appropriate up to that amount, the U.S. Treasury may still disburse the funds up to that
amount by drawing on existing funds held in accounts that it administers (including the revolving fund)
7…. including the District of Columbia, the Commonwealth of Puerto Rico, and all U.S. territories
8…. the combined effect may be more

After 5000 years; an answer.
Yes Virginia, banks do create money “Out of Thin Air.”
“Verified by Empirical Evidence”
****Can banks individually create money out of nothing? – The theories and the empirical evidence ☆***by Richard A. Werner
http://www.sciencedirect.com/science/article/pii/S1057521914001070

ABSTRACT:
This paper presents the first empirical evidence in the history of banking on the question of whether banks can create money out of nothing. The banking crisis has revived interest in this issue, but it had remained unsettled. Three hypotheses are recognized in the literature. According to the financial inter mediation theory of banking, banks are merely intermediaries like other non-bank financial institutions, collecting deposits that are then lent out. According to the fractional reserve theory of banking, individual banks are mere financial intermediaries that cannot create money, but collectively they end up creating money through systemic interaction. A third theory maintains that each individual bank has the power to create money ‘out of nothing’ and does so when it extends credit (the credit creation theory of banking). The question which of the theories is correct has far-reaching implications for research and policy. Surprisingly, despite the longstanding controversy, until now no empirical study has tested the theories. This is the contribution of the present paper. An empirical test is conducted, whereby money is borrowed from a cooperating bank, while its internal records are being monitored, to establish whether in the process of making the loan available to the borrower, the bank transfers these funds from other accounts within or outside the bank, or whether they are newly created. This study establishes for the first time empirically that banks individually create money out of nothing. The money supply is created as ‘fairy dust’ produced by the banks individually, “out of thin air”.

” This study establishes for the first time empirically that banks individually create money out of nothing. The money supply is created as ‘fairy dust’ produced by the banks individually, “out of thin air”.
AFTER more than 80 years-Vindication for the “crank” Frederick Soddy.
” It is important to realize that whichever way it works it is a case for the bank of
” Heads I win, tails you lose “…”…(U)sually by some such lying phrase as ” Every
loan makes a deposit ”
“Genuine and Fictitious Loans.
For a loan, if it is a genuine loan, does not make a deposit, because what the borrower gets the lender gives up,
and there is no increase in the quantity of money, but
only an alteration in the identity of the individual owners of it. But if the lender gives up nothing
at all what the borrower receives is a new issue of money and the quantity is proportionately
increased. So elaborately has the real nature of this ridiculous proceeding been surrounded with
confusion by some of the cleverest and most skilful advocates the world has ever known, that
it still is something of a mystery to ordinary people, who hold their heads and confess they
are ” unable to understand finance “. It is not intended that they should.”(The Role Of Money)

“Where We Went Wrong-“In God We Trust”.
” Did Soddy get it right ?”
“Give Soddy his just due.”
.”Money is a concept” when ‘coined’,’printed’,or digital form (an entry on a balance sheet) it is a physical representation.
As Soddy stated,
“Money now is the NOTHING you get for SOMETHING before you can get ANYTHING” ,
Frederick Soddy (The Role Of Money”.
Economists mention the “Fatal Flaw”,” BOOM & BUST” yet do not ‘see it coming’
ASK again, ” Did Soddy get it right ?”
The “Fatal Flaw” is the ability of mankind to exponentially create more “Fictitious” money then “Genuine ” money;when unrestrained
you have-inflation-systemic failure, or monetary collapse.

There exists in this world, this universe more wealth than mankind could possibly use. Man has been given dominion
over this wealth. Mankind can not create any wealth and must distribute that which already exists.
Wealth is SOMETHING of value.
ALL Wealth on earth and in the universe exists and is expanding.

“As the worlds population has gone up, the total amount of product available per capita…has gone up.
…exactly the opposite of what…predicted. Indeed, the correlation of increased population with increased
per capita product is so strong that any scientist examining these data would immediately suspect causality..
.(S)o the more people there are, the faster the rate of technological progress, which multiples product per capita,
and whose are cumulative.
So the more of us there are, the more there will be to go around.”(The Human Factor, Robert Zubrin…2015)

We now no longer believe “In God We Trust” as having created all wealth that is needed by mankind.
Yes, we have loss our TRUST In God; now We Trust In Man to create “wealth” from nothing.
” All smoke and mirrors.
All designed with ONE intention: ‘ To Hide The Issuers Alchemy ‘. It does not matter how the ‘money’ is coined, printed, or digitized – It is not wealth. When one understands this basic universal law, they will know of this deceit.”(SODDY)
Wealth is SOMETHING of value.
ALL Wealth on earth and in the universe exists and is expanding.

Money now is the NOTHING you get for SOMETHING (a created value)
before you can get ANYTHING (a created value).
Money is a receipt for SOMETHING (a value given up).
Money can not create ANYTHING (an exchangeable value).
“The Role Of Money”
Frederick Soddy,
“The Monetary System Impedes the Flow.
Since, in all monetary civilizations, it is money that alone
can effect the exchange of wealth and the continuous flow of goods and services
throughout the nation, money has become the life-blood of
the community, and for each individual a veritable licence to live at all.
The monetary system is the
distributory mechanism, and this reading of
history therefore supports up to the hilt the con-
clusions of those who have made a special study
of what our monetary system has become. It is
the primary and infinitely most important source
of all our present social and international unrest
and for the failure, hitherto, of democracy.

A very slight knowledge of our actual existing
monetary system makes it abundantly clear that,
without democracy knowing or allowing it, and
without the matter ever being before the electorate
even as a secondary or minor political issue, the
power of uttering money has been taken out of
national hands and usurped as a perquisite by
the moneylender. Practically every genuine
monetary reformer is unanimous that the only
hope of safety and peace lies in the nation
instantly resuming its prerogative over the issue
of all forms of money, which, legally, it has never
surrendered at all.”

So how is this, to most people not understood, that money is wealth while at the same time
money can not increase wealth, but merely store or exchange what has already been
given up.
What is the “basic flaw” ?
Why is that flaw not understood ?
Soddy answered these questions, ““So elaborately has the real nature of this ridiculous proceeding been surrounded with confusion by some of the cleverest and most skillful advocates the world has ever known, that it still is something of a mystery to ordinary people, who hold their heads and confess they are ” unable to understand finance “. It is not intended that they should.”

As Frederick Soddy has stated as an axiom:
“**** THE THEORY OF MONEY. VIRTUAL
WEALTH….

“WHAT is Money ? Let us commence our
study of the role of money by a comprehensive definition of
what modern money is.

Money now is the NOTHING you get for SOMETHING
before you can get ANYTHING.

Our task is to understand all that this implies.
The definition is, of course, an economic one
referring to ordinary transactions such as earning,
buying, and selling among ordinary folk generous
uncles and other voluntary benefactors not being
under contemplation and the nothing, something,
and anything of the definition refer to things of
real value in themselves, usually termed goods and
services, or simply wealth, unless hair-splitting
or purely technical distinctions turning on the
precise definition of wealth are involved. More-
over, it refers to ordinary people,
in the sense of those who neither have the opportunity nor the
power of uttering money themselves. ”

Nowhere is there a mandate to create wealth (money),
the “giving up of SOMETHING before you can get ANYTHING (money).”
The Fatal Flaw is that we do not recognize that MONEY AS WEALTH must be in existence before it can be created (issued). We are flawed in calling…bank issuance MONEY when that issuance is made “out of thin air.” BTW, that has been empirically proven as being ‘credit money’. The same “word”-“money” is used with two opposite meaning. One as a receipt or a value of wealth that is to be redeemed at a future time for wealth. The other use is a copy of a receipt (made out of thin air,’Fairy Dust”), a copy of wealth already owned by someone else.
ALL wealth has already been created, the entire expanding universe.
A Monetary Sovereignty can not create wealth. A MS can by law ‘coin or print’ transferable receipts of wealth in a transferable measured form for its sovereignty.
A Monetary Sovereignty should be allowed to “borrow” from the wealth of the entirety
at zero cost, use that ‘borrowed’ money to help fund “a more perfect union.
Remembering that it must put that money back into its secure holdings so the lawful owners may redeem their individual value upon demand. A Monetary Sovereignty should use for the betterment of all the members of the community, this just method to produce a revenue stream; to charge interest to fund the sovereignty!
We must go back to “IN GOD WE TRUST”.
We have dominion over this universe, all its wealth. As mankind exponentially grows so does the universe; a perfect system.
Only we can screw it up!
Our forefathers understood what “In God We Trust” meant
An HONEST CENTRAL BANK can not, or shall not create wealth.
An honest Central Bank is the guardian of the wealth given up,
…the sole and only entity that may issue receipts on the community wealth,
…must operate with transparency,
…be held accountable.

“THEY” have used the same words to create different meanings!
“MONEY”as a receipt of wealth; “MONEY” as a creation of wealth “out of thin air”.
Nowhere is there a mandate to create wealth (money), the “giving up of SOMETHING
before you can get ANYTHING (money).”
The Constitution allows Congress
…TO BORROW
…TO ‘Coin’
…TO punish counterfeiting.
This is clear in that borrowing,coining,or printing
is authorized of that which is already “wealth given up” and this is also clear
“other then that is ‘counterfeit.”

*** U.S. Constitution.
ARTICLE . 1. ..SECTION. 8.
“The Congress shall have Power …(A). To borrow Money on the credit of the United States;
…(B).To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
The Congress shall have Power …(C).To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;…”
What the Constitution declares:
****(A) “TO BORROW”. It may not ‘create’ Genuine money; that is SOMETHING already owned by individuals and the community.N.B.,There is no reason (or request) to pay interest when borrowing from your own sovereign wealth.
**** (B) “TO COIN MONEY, REGULATE.It may either by printing, making stamped tokens, digital dots maintain and control that standard of Weights and
Measures,i.e., the physical representative form of Genuine Money.
**** (C)”To provide for the Punishment of counterfeiting…”
No entity may “create out of thin air” and turn it into SOMETHING that is guaranteed to be redeemable as Genuine money.

SODDY, “Let us right from the start get the signs right.
The owner of money is the creditor and the issuer of it is the debtor, for the owner of money gives
up goods and services to the issuer. In an honest
money system the issuer of money who gets
for nothing goods and services would do so on
trust for the benefit of the community. In
a fraudulent money system he does so for the
benefit of himself. It makes no difference whether
he passes off the money and puts it into circulation
himself or lends it at interest for others to pass off
for him. In every case what he so gets to spend or
lend is given up by someone else. Ex nihilo nihil
fit. Nothing comes from nothing..”

“Capitalism is the “best” system to date devised by mankind. As it is administrated, perhaps, is where the “flaw” is manifested. If capitalism used its Central Bank properly,that is for the betterment of the common good, with equality and justice for all, capitalism could be the greatest achievement of mankind.

THE K.I.S. SOLUTION TO DECREASE INEQUALITY GAPS, POVERTY, and NATIONAL DEBT:
INCREASE WAGES, JOBS, and the STANDARD OF LIVING:
-ONE SENTENCE
-A REPUBLIC DEMOCRATIC CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.
AN HONEST CENTRAL BANK (GUARDIAN) THAT BORROWERS MONEY FROM ITS LAWFUL OWNERS, LENDS IT AND CHARGES INTEREST (TAX) TO SECURE AN INCOME STREAM TO TURN OVER TO CONGRESS TO USE FOR THE BETTERMENT OF ALL.AN HONEST CENTRAL BANK (GUARDIAN) THAT BORROWERS MONEY FROM ITS LAWFUL OWNERS, LENDS IT AND CHARGES A FEE (TAX) TO SECURE AN INCOME STREAM TO TURN OVER TO CONGRESS TO USE FOR THE BETTERMENT OF ALL.
(EX. $1 billion for 20 years would produce a note for $1.5 billion with 20 annual payments of $75 million each.)
An Honest Central Bank
*****************************
….. to be formed using PBI’s Public Bank System (51 public banks-50 states plus 1 for D.C.)
….. combined with AMI’s “Separation of Private For Profit Banks (PFPB) from Government.

….. with the wisdom of Nobel Laureate Frederick Soddy,
(The Role Of Money)

It’s time to rewrite the rules.
TIME TO MAKE AMERICA GREAT AGAIN.
Increase……. Wages, Jobs, the Standard of Living.
Decrease…… National Debt, Poverty, Inequality Gaps.
Yes, IT IS TIME TO MAKE AMERICA GREAT AGAIN.

A HISTORIC CHANGE For The Betterment of The People.
Allow everyone to achieve “The American Dream” and to retain their “Fair Share”

Yes,”It’s a very exciting time for America.
Your voices represent a bright new future for our great nation full of more opportunities for everyone, not just a select few.
Together, we have created a movement that continues to gain momentum.
Together, we are making history. Together, we are bringing back the American Dream.
The time is now, Together, we will Make America Great Again!”

The U S Constitution has structured this union
so that the Chief Executive Officer, CEO (The President)
is responsible to its Board of Directors, BOD (The Congress)
and with its Chief Compliance Office, CCO (The U.S. Supreme Court)
shall work together “…to form a more perfect Union , establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”

WE MUST FOLLOW THE MONEY FLOW !
As Nobel Laureate Frederick Soddy stated, “Money now is a license to live.”
“Since, in all monetary civilizations, it is money that alone can effect the exchange of wealth and the continuous flow of goods and services throughout the nation, money has become the life-blood of the community,and for each individual a veritable license to live at all…”(The Role Of Money.)
It is time to claim “Your FAIR SHARE of the American Dream.”
Make the money flow for the betterment “Of The People”, a reversal, a change “For The People”.
THIS FLOW WILL BE GENDER NEUTRAL, RACE NEUTRAL AND BASED ONLY on the fulfillment for LIFE, LIBERTY AND THE PURSUIT OF HAPPINESS.
Now is the time to create the laws that would allow this change in direction.
Help to decrease the gaps of inequality, help decrease the numbers of those
in the grip of poverty,help raise the standard of living; all at the same time..

WE MUST REVERSE THE DIRECTION OF THE PRESENT FLOW !

“It’s time to rewrite the rules―to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity.”( Economic Nobel Laureate Joseph Stiglitz)

“Trickle Down” now doesn’t work.
Yes, OCCUPY, Yes, Pope Francis, the “Trickle Down” system doesn’t work.
It doesn’t work because the establishment impedes the flow.
REPEAT: It doesn’t work because the establishment impedes the flow.
This must change.
We must remove these impediments and create a flow of wealth directly to the “PEOPLE”.
The system is meant to “reward all”, to allow all “Their Fair Share”.
Millions now realize;… the economy is rigged, …the justice system is rigged, …the health care system is rigged, …the employment system is rigged.
All part of an economic system that is really just a rigged political system.
Fortunately, this past November voters across America have made the choice to cast a revolutionary vote to “MAKE AMERICA GREAT AGAIN”
SEVENTY percent of the people believe the American economy is rigged. And they’re right.
EIGHTY percent of the people desire a change, a revolution. And they’re right.
History has allowed an opportunity for “AMERICA TO MAKE ITSELF GREAT AGAIN.”

We must mandate a reversal of “… an economic recovery program that has… fueled the increase in wealth inequality…”
Reverse that program, make the money FLOW to “…help form a more perfect Union,
establish Justice, insure domestic Tranquility, provide for the common defense, promote
the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”

“Yes, We Can Lower Taxes, Pay Off The Debt, And At The Same Time Increase Revenue.”

This administration will begin with two immediate actions:

Step One:

“INEQUALITY and POVERTY REDUCTION PROGRAM”
( I.P.R.P. )

Capitalism demands inequality as a just proportional reward.
It is the size of the “Gaps” where the administration of inequality becomes distorted.
The size of the ‘Gaps’ are a demand of the administration of the quality and quantity of these ‘gaps’.
Taxation is a ways and means by which a government controls the quality and quantity of its currency already in circulation.
Currency that it can redistribute without changing the quality or quantity of the entire currency.
American Capitalism should allow everyone to achieve
‘The American Dream’ and to retain that “Fair Share”.
But that dream should not impede the poor and elderly from achieving their FAIR SHARE.
Nor should it impede the risk and reward which will ultimately lead to a betterment for all.
A federal taxation of personal income must recognize the sanctity of “The fruits of mankind’s labor”
A federal taxation of personal income should be used to control the distribution of income to obtain
a fair and just sharing of the American Dream, a just and fair sharing of the worlds riches while
maintaining the greatest standard of living.

“Inequality and Poverty Reduction Program” ( I.P.R.P. )
“THE NEW ONE PAGE:Federal Personal Income Tax: 2017”

Brackets & Rates for Joint filers with:
GROUP ONE- income less than $100,000:
GROUP TWO- income more than $100,000 but less than $225,000:
GROUP THREE-income more than $225,000:
*Brackets for single filers are ½ of these amounts.
ALL income is taxable and must be reported.
All income is to be taxed at the same rate-30%.
NO exemptions. NO loopholes.Period.
Deductions:
This plan will increase the standard deduction for joint filers to $80,000,
and the standard deduction for single filers will be $40,000.
Tax must be paid, any claim of injustice may be filed for a proportional refund, if approved, it shall become
a tax credit in the next year.
***The Tax Group One:
A… will receive a 6% distribution to replace their losses caused by sales taxes which are a detriment to their ‘standard of living’. This 6% will also replace any Social Security loss.The rebate will help grow our economy as well as allow wage earners to keep their share of the American Dream and raise the standard of living.
B… will receive a 15% ‘take home’ pay increase.There will be no FICA payment taken out of their pay.This is at ZERO cost to production (The minimum wage concept would cost jobs as well as increase production cost). This merely places what was earned into their paycheck; it is the 15% F.I.C.A. that was withheld from them; now going directly into their take home pay.
***The Tax Group One and Tax Group Two:
A… will receive a direct tax credit as provided for ‘Child and Home Care’(Up to $2500).
Tax credits that become ‘overages’ will become an immediate cash refund.
B… will receive a direct tax credit of $2,000 for each child under the age of 18 for HEALTH AND EDUCATIONAL MAINTENANCE.
C… VETERANS WHO SERVED; DESERVE a direct lifetime annual tax credit of $3000.
D… will receive a 15% ‘take home’ pay increase.There will be no FICA payment taken out of their pay.This is at ZERO cost to production (The minimum wage concept would cost jobs as well as increase production cost). This merely places what was earned into their paycheck; it is the 15% F.I.C.A. that was withheld from them; now going directly into their take home pay.

( I.P.R.P. ) will create a direct increase in wages, an increase in Social Security, a direct increase
in income to more than 50% “of the people.” and it will be done “along with a
reduction in National Debt”.
We must mandate that the Executive branch and the Legislative branch,
Reverse an economic privileged program that has lead to increases in wealth inequality.
Reverse that program, make the money FLOW to “…help form a more perfect Union, establish Justice,
insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure
the Blessings of Liberty to ourselves and our Posterity,…”

Step Two:

“FEDERAL INCOME REVENUE PRODUCING ASSETS”
( F.I.R.P.A. )

Trillions can be used to create millions of new jobs, purchases of “FEDERAL INCOME REVENUE PRODUCING ASSETS ( F.I.R.P.A. ).
T.I.R.P.A. will produce a positive stream of tax revenue to be used for Congressional appropriations. “FIRPA”- a simple plan, using our resources, making purchases of STATE BONDS FOR INFRASTRUCTURE which will create 25 million American new jobs ‘for the people, by the people, of the people’. Produce CLEAN WATER, CLEAN AIR, CLEAN ENERGY and NEW INFRASTRUCTURE IN EACH STATE.
An economic solution to long term problems that will also increase employment,
increase GDP and improve standards of living today ad for the next generation.

” The economy needs an injection of new money just to bring it to former levels. In July 2010, the New York Fed posted a staff report showing that the money supply had shrunk by about $3 trillion since 2008, due to the collapse of the shadow banking system. The goal of the Federal Reserve’s quantitative easing was to return inflation to target levels by increasing private sector borrowing. But rather than taking out new loans, individuals and businesses are paying off old loans, shrinking the money supply. They are doing this although credit is very cheap, because they need to rectify their debt-ridden balance sheets just to stay afloat. They are also hoarding money, taking it out of the circulating money supply. Economist Richard Koo calls it a “balance sheet recession.”
The Federal Reserve has already bought $3.6 trillion in assets simply by “printing the money” through QE. When that program was initiated, critics called it recklessly hyperinflationary; but it did not create even the modest 2% inflation the Fed was aiming for. Combined with ZIRP – zero interest rates for banks – it encouraged borrowing for speculation, driving up the stock market and real estate; but the Consumer Price Index, productivity and wages barely budged. As noted on CNBC in February:
Central banks have been pumping money into the global economy without a whole lot to show for it . . . . Growth remains anemic, and worries are escalating that the U.S. and the rest of the world are on the brink of a recession, despite bargain-basement interest rates and trillions in liquidity.” https://www.perrymangroup.com/2014/11/07/the-end-of-quantitative-easing/
Yes, “We are going to fix our inner cities and rebuild our highways, tunnels, airports, schools, hospitals. We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.”
It sounds great; but even more important, it not only pays for itself; it reduces national debt !
Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.

FIRPA , Plans to create millions of jobs that will pay for themselves while decreasing federal debt, poverty, as well as the income gap
Not a bailout.
Not a cost to all the taxpayers.
Not an increase in deficit spending.
Rather a magic economic proven golden bullet.
The FEDS made direct purchase of bank assets.The Fed has already proven that it can do this; with a profit to the US Treasury and with no increase in the debt (it is an asset purchase).
We must have Congress legislate that the Federal Reserve Bank shall make purchases of Public State Bonds For Infrastructure (PSBFI).
Each state will have as a member of the Federal Reserve a pubic state bank along with one additional member for the District of Columbia.
Each member (Public State Bank) will be entitled to issue $10 billion/ electoral vote. All bonds will have the same terms and conditions and will be available
to the Federal Reserve for that year of issue.
All PSBFI’s will have a term of 30 years with the payment conditions as follows:
Each dollar of face value will be sold at a fifty percent (50%) discount to the Fed.
There will be no interest charges.
The entire bond will have 30 equal payments due each year.
The F.I.R.P.A. BONDS will act as a line of credit: after 360 days of each annual
payment; that amount will be available to each entity with the same terms and conditions.

( F.I.R.P.A. )for Infrastructure Investment.
The FEDS made direct purchase of bank assets.The Fed has already proven that it can do this; with a profit to the US Treasury and with no increase in the debt (it is an asset purchase).
We must have Congress legislate that the Federal Reserve Bank shall make purchases of Public State Bonds For Infrastructure (PSBFI).
Each state will have as a member of the Federal Reserve a pubic state bank along with one additional member for the District of Columbia.
Each member (Public State Bank) will be entitled to issue $1 billion per electoral vote. All bonds will have the same terms and conditions and will be made available for purchase by the Federal Reserve for that year of issue.
All PSBFI’s will have a term of 20 years with the payment conditions as follows:
Each dollar face value will be sold at a twenty-five percent (25%) discount to the Fed.
There will be no interest charges.
The entire bond will have 20 equal payments due each year.
The F.I.R.P.A. BONDS will act as a line of credit: after 360 days of each annual
payment; that amount will be available to each entity with the same terms and conditions.
Ex., DC has $3 billion available ($1b X 3 Electoral votes).
THE BOND NOTE WILL READ $4.5 Billion with a $2.25 million annual payment for
20 years.
This will allow DC after 360 days of payment to borrow $169.75 million by selling the Fed a FIRPA 20/Yr Bond Face value $225 million.

It sounds great; but even more important, it not only pays for itself;
it reduces national debt !
A “QE” purchase of $5.38 Trillion in State Bonds
with a face value of $6.725 trillion.
Producing a net income of $1.345 Trillion over 20 years!!!!
Ex., CA has $55 billion available ($1 X 55 Electoral votes); etc.

( F.I.R.P.A. )”Border Security Bond”
The U.S. states along the border, California, Arizona, New Mexico, and Texas shall use $20 billions net of FIRPA “Border Security Bond” money :
This special issue shall have a face value of $25 billion with a 20 year equal annual payment plan.(“FEDERAL INCOME REVENUE PRODUCING ASSETS” ( F.I.R.P.A. )to secure and maintain our border with Mexico. Each state will use a proportional amount based upon the actual state border mileage plus the number of points of entry. There are 48 U.S.–Mexico border crossings which shall be used to process a two percent (2%) service fee on all items for U.S.A. admission. The states will use these fund to pay off the bonds and also to maintain the border.
The states will have the option to issue an additional new TIRPA bond with a net $10 billion should they wish to make this fixture into an energy producing asset – a solar energy producing wall.
Thousands of megawatts of solar power; helping to make America great again.
Yes, a wall for security that will perform in many ways to help ‘Make America Great Again’.
( F.I.R.P.A. )for Disaster Relief.
Federal government to deposit $538 BILLION in Public State Banks for its asset purchase of $672.5 Billion of State Disaster Relief Bonds with a term of 20 years with equal annual payments. Each state shall deem when funds are to be dispersed. The allocation shall be based upon the fair and just system: $1 billion per electoral vote. This amount will be available as a line of credit.

Yes you can lower federal personal income taxes, and lower federal corporate profit taxes. Period.
YOU NEED ONLY INCREASE TAX REVENUES FROM “SOMEWHERE ELSE”.
SO HOW WILL THE STATES
PAY
OFF THESE FIRPA BONDS ?
SO MANY WAYS:
…Collect tolls
…Sell clean energy
…Finance disaster repairs @ 3% for 20 yrs.
…Collect sale taxes, etc.
No longer shall we listen to the outcry by the establishment,
“WE WISH WE COULD HAVE DONE MORE FOR THE PEOPLE.”
“WE THE PEOPLE” WILL DEMAND MORE “FOR THE PEOPLE, BY THE PEOPLE” .
Yes,”It’s a very exciting time for America.”
GOD BLESS AMERICA.
justaluckyfool@aol.

Related..read more…
https://wordpress.com/post/bestsolutionsfl.wordpress.com/331
THE K.I.S. SOLUTION TO DECREASE INEQUALITY GAPS, POVERTY, and NATIONAL DEBT. IN EIGHT WORDS – –A CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.

TIME TO SEAL THE DEAL ! TIME FOR “T.I.R.P.A.”and “I.P.R.A.P.”

February 23, 2017

It’s time to rewrite the rules.
Increase……. Wages, Jobs, the Standard of Living.
Decrease…… National Debt, Poverty, Inequality Gaps.

***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC), Hindu Prince, founder of Buddhism
******* “”We cannot solve our problems with the same thinking we used when we created them”.Albert Einstein

A HISTORIC CHANGE For The Betterment of The People.
Allow everyone to achieve “The American Dream” and to retain their “Fair Share”

We must mandate a reversal of “… an economic recovery program that has… fueled the increase in wealth inequality…”
Reverse that program, make the money FLOW to “…help form a more perfect Union,
establish Justice, insure domestic Tranquility, provide for the common defense, promote
the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”

“Yes, We will Lower income Taxes, Pay Off The Debt, And At The Same Time Increase Revenue.”

TWO IMMEDIATE ACTIONS.

ONE:
“INEQUALITY and POVERTY REDUCTION ADJUSTMENT PROGRAM”
( I.P.R.A.P. )

Capitalism demands inequality as a just proportional reward.
It is the size of the “Gaps” where the administration of inequality becomes distorted.
The size of the ‘Gaps’ are a demand of the administration of the quality and quantity of these ‘gaps’.
Taxation is a ways and means by which a government controls the quality and quantity of its currency already in circulation.
Currency that it can redistribute without changing the quality or quantity of the entire currency.
American Capitalism should allow everyone to achieve
‘The American Dream’ and to retain that “Fair Share”.
But that dream should not impede the poor and elderly from achieving their FAIR SHARE.
Nor should it impede the risk and reward which will ultimately lead to a betterment for all.
A federal taxation of personal income must recognize the sanctity of “The fruits of mankind’s labor”
A federal taxation of personal income should be used to control the distribution of income to obtain
a fair and just sharing of the American Dream, a just and fair sharing of the worlds riches while
maintaining the greatest standard of living.

“Inequality and Poverty Reduction Adjustment Program” ( I.P.R.A.P. )
“THE NEW ONE PAGE:Federal Personal Income Tax: 2017”
Brackets & Rates for Joint filers with:
GROUP ONE- income less than $100,000:
GROUP TWO- income more than $100,000 but less than $225,000:
GROUP THREE-income more than $225,000:
*Brackets for single filers are ½ of these amounts.
ALL income is taxable and must be reported.
All income is to be taxed at the same rate-30%.
NO exemptions. NO loopholes.Period.
Deductions:
This plan will increase the standard deduction for joint filers to $80,000,
and the standard deduction for single filers will be $40,000.
Tax must be paid, any claim of injustice may be filed for a proportional refund, if approved, it shall become a tax credit in the next year.
***The Tax Group One:
A… will receive a 8% distribution to replace their losses caused by sales taxes which are a detriment to their ‘standard of living’.
The rebate will help grow our economy as well as allow wage earners to keep their fair share of the American Dream and raise the standard of living.
***Both Tax Group One and Tax Group Two:
A… will receive a direct refundable tax credit as provided for ‘Child and Home Care’ of $2500.
Refundable Tax credits that become ‘overages’ will become an immediate cash refund.
B… will receive a refundable tax credit of $2,000 for each child under the age of 26 for HEALTH AND EDUCATIONAL MAINTENANCE.
C… VETERANS WHO SERVED; DESERVE a direct lifetime annual refundable tax credit of $3000.
D… will receive a ‘take home’ pay increase.There will be no FICA payment taken out of their pay.This is at ZERO cost to production (The minimum wage concept would cost jobs as well as increase production cost). This merely places what was earned into their paycheck; it is the F.I.C.A. that was withheld from them as well as the employers contribution.
( I.P.R.A.P. ) will create a direct increase in wages, an increase in the Standard of living for more than 80% “of the people.” and it will be done “along with a
reduction in National Debt”.

TWO:

“TAXPAYER INCOME REVENUE PRODUCING ASSETS”
( T.I.R.P.A. )

STATE Bonds for JOBS.
( T.I.R.P.A. ) , Plans to create millions of jobs that will pay for themselves while decreasing federal debt, poverty, as well as the income gap
Not a bailout.
Not a cost to all the taxpayers.
Not an increase in deficit spending.
Rather a magic economic proven golden bullet.
The FEDS made direct purchase of bank assets.The Fed has already proven that it can do this; with a profit to the US Treasury and with no increase in the debt (it is an asset purchase).
We must have Congress legislate that the Federal Reserve Bank shall make purchases of Public State Bonds For Infrastructure (PSBFI).
Each state will have as a member of the Federal Reserve a pubic state bank along with
one additional member , the District of Columbia.
Each member (Public State Bank) will be entitled to issue $1 billion/ electoral vote. All bonds will have the same terms and conditions and will be available to the Federal Reserve for that year of issue.
All PSBFI’s will have a term of 30 years with the payment conditions as follows:
Each dollar of face value will be sold at a fifty percent (50%) discount to the Fed.
There will be no interest charges.
The entire bond will have 30 equal payments due each year.
The T.I.R.P.A. BONDS will act as a line of credit: after 360 days of each annual
payment; that amount will be available to each entity with the same terms and conditions.
Ex., DC has $3 billion available ($1 X 3 Electoral votes).
THE BOND NOTE WILL READ $6 Billion with a $200 million
annual payment for 30 years.
This will allow DC after 360 days of payment to borrow $200 million by selling the Fed a TIRPA 30/Yr Bond Face value $400 million.
It sounds great; but even more important, it not only pays for itself;
it reduces national debt !
A “QE” purchase of $538 billion in State Bonds with a face value of $1,076 billion.
Producing an increase net revenue income of $538 billion over 30 years!!!!
Ex., CA has $55 billion available ($1 X 55 Electoral votes); etc.

( T.I.R.P.A. )”Border Security Bond”… face value of $40 billion, to be issued by 4 State Public Banks;
The U.S. states along the border, California, Arizona, New Mexico, and Texas. These states shall use $20 billion of TIRPA “Border Security Bond” money :
This special issue shall have a face value of $40 billion with with a 30 year equal annual payment plan.(“TAXPAYER INCOME REVENUE PRODUCING ASSETS” ( T.I.R.P.A. )to secure and maintain our border with Mexico. Each state will use a proportional amount based upon the actual state border mileage plus the number of points of entry. There are 48 U.S.–Mexico border crossings which shall be used to process a two percent (2%) service fee on all items for U.S.A. admission. The states will use these fund to pay off the bonds and also to maintain the border.
The states will have the option to issue this TIRPA bond at a $80 billion should they make this fixture into an energy producing asset;.
Thousands of megawatts of solar power.
Yes, a wall for security that will perform in many ways.
( T.I.R.P.A. )for Disaster Relief. Upon specific need the Fed will deposit an amount equal to $1 billion per electoral vote per affected state to be used for the purchase of TIRPA Bonds that will will have the same terms and conditions.

No longer shall we listen to the outcry by the establishment,
“WE WISH WE COULD HAVE DONE MORE FOR THE PEOPLE.”
“WE THE PEOPLE” WILL DEMAND MORE “FOR THE PEOPLE, BY THE PEOPLE” .
Yes,”It’s a very exciting time for America.”
GOD BLESS AMERICA.
justaluckyfool@aol.

It’s Time To Rewrite The Rules. TIME For a 2000 Mile Mega Watt Solar Border Wall.(IPRAP) (TIRPA)

January 23, 2017

It’s time to rewrite the rules.
TIME TO MAKE AMERICA GREAT AGAIN.
…create 25 million new jobs,
…secure our Mexican border,
Increase……. Wages, Jobs, the Standard of Living.
Decrease…… National Debt, Poverty, Inequality Gaps.
Yes, IT IS TIME TO MAKE AMERICA GREAT AGAIN.

TO:
Donald J Trump
45th President Of The United States
of America

Mr. President, Donald J Trump,
Please, for your consideration:

***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC), Hindu Prince, founder of Buddhism
******* “”We cannot solve our problems with the same thinking we used when we created them”.Albert Einstein

A HISTORIC CHANGE For The Betterment of The People.
Allow everyone to achieve “The American Dream” and to retain their “Fair Share”

Yes,”It’s a very exciting time for America.
Your voices represent a bright new future for our great nation full of more opportunities for everyone, not just a select few.
Together, we have created a movement that continues to gain momentum.
Together, we are making history. Together, we are bringing back the American Dream.
The time is now, Together, we will Make America Great Again!”

The U S Constitution has structured this union
so that the Chief Executive Officer, CEO (The President)
is responsible to its Board of Directors, BOD (The Congress)
and with its Chief Compliance Office, CCO (The U.S. Supreme Court)
shall work together “…to form a more perfect Union , establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”

WE MUST FOLLOW THE MONEY FLOW !
As Nobel Laureate Frederick Soddy stated, “Money now is a license to live.”
“Since, in all monetary civilizations, it is money that alone can effect the exchange of wealth and the continuous flow of goods and services throughout the nation, money has become the life-blood of the community,and for each individual a veritable license to live at all…”(The Role Of Money.)
It is time to claim “Your FAIR SHARE of the American Dream.”
Make the money flow for the betterment “Of The People”, a reversal, a change “For The People”.
THIS FLOW WILL BE GENDER NEUTRAL, RACE NEUTRAL AND BASED ONLY on the fulfillment for LIFE, LIBERTY AND THE PURSUIT OF HAPPINESS.
Now is the time to create the laws that would allow this change in direction.
Help to decrease the gaps of inequality, help decrease the numbers of those
in the grip of poverty,help raise the standard of living; all at the same time..

WE MUST REVERSE THE DIRECTION OF THE PRESENT FLOW !

“It’s time to rewrite the rules―to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity.”( Economic Nobel Laureate Joseph Stiglitz)

“Trickle Down” now doesn’t work.
Yes, OCCUPY, Yes, Pope Francis, the “Trickle Down” system doesn’t work.
It doesn’t work because the establishment impedes the flow.
REPEAT: It doesn’t work because the establishment impedes the flow.
This must change.
We must remove these impediments and create a flow of wealth directly to the “PEOPLE”.
The system is meant to “reward all”, to allow all “Their Fair Share”.
Millions now realize;… the economy is rigged, …the justice system is rigged, …the health care system is rigged, …the employment system is rigged.
All part of an economic system that is really just a rigged political system.
Fortunately, this past November voters across America have made the choice to cast a revolutionary vote to “MAKE AMERICA GREAT AGAIN”
SEVENTY percent of the people believe the American economy is rigged. And they’re right.
EIGHTY percent of the people desire a change, a revolution. And they’re right.
History has allowed an opportunity for “AMERICA TO MAKE ITSELF GREAT AGAIN.”

We must mandate a reversal of “… an economic recovery program that has… fueled the increase in wealth inequality…”
Reverse that program, make the money FLOW to “…help form a more perfect Union,
establish Justice, insure domestic Tranquility, provide for the common defense, promote
the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”

“Yes, We Can Lower Taxes, Pay Off The Debt, And At The Same Time Increase Revenue.”

This administration will begin with two immediate actions:

Step One:
“INEQUALITY and POVERTY REDUCTION ADJUSTMENT PROGRAM” (IPRAP)

Capitalism demands inequality as a just proportional reward.
It is the size of the “Gaps” where the administration of inequality becomes distorted.
The size of the ‘Gaps’ are a demand of the administration of the quality and quantity of these ‘gaps’.
Taxation is a ways and means by which a government controls the quality and quantity of its currency already in circulation.
Currency that it can redistribute without changing the quality or quantity of the entire currency.
American Capitalism should allow everyone to achieve
‘The American Dream’ and to retain that “Fair Share”.
But that dream should not impede the poor and elderly from achieving their FAIR SHARE.
Nor should it impede the risk and reward which will ultimately lead to a betterment for all.
A federal taxation of personal income must recognize the sanctity of “The fruits of mankind’s labor”
A federal taxation of personal income should be used to control the distribution of income to obtain
a fair and just sharing of the American Dream, a just and fair sharing of the worlds riches while
maintaining the greatest standard of living.

“Inequality and Poverty Reduction Adjustment Program”(IPRAP)
“THE NEW ONE PAGE:Federal Personal Income Tax: 2017”

Brackets & Rates for Joint filers with:
GROUP ONE- income less than $100,000:
GROUP TWO- income more than $100,000 but less than $225,000:
GROUP THREE-income more than $225,000:
*Brackets for single filers are ½ of these amounts.
ALL income is taxable and must be reported.
All income is to be taxed at the same rate-30%.
NO exemptions. NO loopholes.Period.
Deductions:
This plan will increase the standard deduction for joint filers to $80,000,
and the standard deduction for single filers will be $40,000.
Tax must be paid, any claim of injustice may be filed for a proportional refund, if approved, it shall become
a tax credit in the next year.
***The Tax Group One:
A… will receive a 6% distribution to replace their losses caused by sales taxes which are a detriment to their ‘standard of living’. This 6% will also replace any Social Security loss.The rebate will help grow our economy as well as allow wage earners to keep their share of the American Dream and raise the standard of living.
B… will receive a 15% ‘take home’ pay increase.There will be no FICA payment taken out of their pay.This is at ZERO cost to production (The minimum wage concept would cost jobs as well as increase production cost). This merely places what was earned into their paycheck; it is the 15% F.I.C.A. that was withheld from them; now going directly into their take home pay.
***The Tax Group One and Tax Group Two:
A… will receive a direct tax credit as provided for ‘Child and Home Care’(Up to $2500).
Tax credits that become ‘overages’ will become an immediate cash refund.
B… will receive a direct tax credit of $2,000 for each child under the age of 18 for HEALTH AND EDUCATIONAL MAINTENANCE.
C… VETERANS WHO SERVED; DESERVE a direct lifetime annual tax credit of $2000.
D… will receive a 15% ‘take home’ pay increase.There will be no FICA payment taken out of their pay.This is at ZERO cost to production (The minimum wage concept would cost jobs as well as increase production cost). This merely places what was earned into their paycheck; it is the 15% F.I.C.A. that was withheld from them; now going directly into their take home pay.

This will be a direct increase in wages, an increase in Social Security, a direct increase
in income to more than 50% “of the people.” and it will be done “along with a
reduction in National Debt”.
We must mandate that the Executive branch and the Legislative branch,
Reverse an economic privileged program that has lead to increases in wealth inequality.
Reverse that program, make the money FLOW to “…help form a more perfect Union, establish Justice,
insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure
the Blessings of Liberty to ourselves and our Posterity,…”

Step Two:
“TAXPAYER INCOME REVENUE PRODUCING ASSETS” (TIRPA)
$5.38 trillion will be used to create 25 million new jobs, A purchase of “TAXPAYER INCOME REVENUE PRODUCING ASSETS (TIRPA) that will create 25 million new jobs. TIRPA will produce a positive stream of tax revenue to be used for Congressional appropriations. “TIRPA” a simple plan, using our resources, making purchases of STATE BONDS FOR INFRASTRUCTURE which will create 25 million American new jobs ‘for the people, by the people, of the people’. Produce CLEAN WATER, CLEAN AIR, CLEAN ENERGY and NEW INFRASTRUCTURE IN EACH STATE.
An economic solution to long term problems that will also increase employment,
increase GDP and improve standards of living today ad for the next generation.

” The economy needs an injection of new money just to bring it to former levels. In July 2010, the New York Fed posted a staff report showing that the money supply had shrunk by about $3 trillion since 2008, due to the collapse of the shadow banking system. The goal of the Federal Reserve’s quantitative easing was to return inflation to target levels by increasing private sector borrowing. But rather than taking out new loans, individuals and businesses are paying off old loans, shrinking the money supply. They are doing this although credit is very cheap, because they need to rectify their debt-ridden balance sheets just to stay afloat. They are also hoarding money, taking it out of the circulating money supply. Economist Richard Koo calls it a “balance sheet recession.”
The Federal Reserve has already bought $3.6 trillion in assets simply by “printing the money” through QE. When that program was initiated, critics called it recklessly hyperinflationary; but it did not create even the modest 2% inflation the Fed was aiming for. Combined with ZIRP – zero interest rates for banks – it encouraged borrowing for speculation, driving up the stock market and real estate; but the Consumer Price Index, productivity and wages barely budged. As noted on CNBC in February:
Central banks have been pumping money into the global economy without a whole lot to show for it . . . . Growth remains anemic, and worries are escalating that the U.S. and the rest of the world are on the brink of a recession, despite bargain-basement interest rates and trillions in liquidity.” https://www.perrymangroup.com/2014/11/07/the-end-of-quantitative-easing/
Yes, “We are going to fix our inner cities and rebuild our highways, tunnels, airports, schools, hospitals. We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.”
It sounds great; but even more important, it not only pays for itself; it reduces national debt !
Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.

” QE4JOBS”, Plans to create millions of jobs that will pay for themselves while decreasing federal debt, poverty, as well as the income gap
Not a bailout.
Not a cost to all the taxpayers.
Not an increase in deficit spending.
Rather a magic economic proven golden bullet.
The FEDS made direct purchase of bank assets.The Fed has already proven that it can do this; with a profit to the US Treasury and with no increase in the debt (it is an asset purchase).
We must have Congress legislate that the Federal Reserve Bank shall make purchases of Public State Bonds For Infrastructure (PSBFI).
Each state will have as a member of the Federal Reserve a pubic state bank along with one additional member for the District of Columbia.
Each member (Public State Bank) will be entitled to issue $10 billion/ electoral vote. All bonds will have the same terms and conditions and will be available
to the Federal Reserve for that year of issue.
All PSBFI’s will have a term of 20 years with the payment conditions as follows:
Each dollar of face value will be sold at a one-third (1/3) discount to the Fed.
There will be no interest charges.
The entire bond will have 20 equal payments due each year.
The TIRPA BONDS will act as a line of credit: after 360 days of each annual
payment; that amount will be available to each entity at the same terms and conditions.

Ex., DC has $30 billion available ($10 X 3 Electoral votes).
THE BOND NOTE WILL READ $45 Billion with a $2.25 Billion
annual payment for 20 years.
This will allow DC after 360 days of payment to borrow $1.5 billion by selling the Fed a TIRPA 20/Yr Bond at $2.25 Billion.

It sounds great; but even more important, it not only pays for itself;
it reduces national debt !
A “QE” purchase of $8.07 Trillion in State Bonds
for $5.38 Trillion. A net income stream of $2.69 Trillion.

Ex., DC has $30 billion available ($10 X 3 Electoral votes).
THE BOND NOTE WILL READ $45 Billion with a $2.25 Billion
annual payment for 20 years.
It sounds great; but even more important, it not only pays for itself;
it reduces national debt ! A “QE” purchase of $8.07 Trillion in State Bonds
for $5.38 Trillion. A net income stream of $2.69 Trillion.
Ex., CA has $550 billion available ($10 X 55 Electoral votes); etc.

The U.S. states along the border, California, Arizona, New Mexico, and Texas shall use $20 billion of TIRPA “Border Securiy Bond” money :
This special issue shall have a face value of $22 billion with with a 30 year equal annual payment plan.(“TAXPAYER INCOME REVENUE PRODUCING ASSETS” (TIRPA) to secure and maintain our border with Mexico. Each state will use a proportional amount based upon the actual state border mileage plus the number of points of entry. There are 48 U.S.–Mexico border crossings, with 330 ports of entry
which shall be used to process a two percent service fee on all items for U.S.A. admission. The states will use these fund to pay off the bonds and also to maintain the border.
The states will have the option to issue new TIRPA bonds should they wish to make this fixture into an energy producing asset.
Yes, a wall for security that will perform in many ways to help ‘Make America Great Again’.

No longer shall we listen to the outcry by the establishment,
“WE WISH WE COULD HAVE DONE MORE FOR THE PEOPLE.”
“WE THE PEOPLE” WILL DEMAND MORE “FOR THE PEOPLE, BY THE PEOPLE” .
Yes,”It’s a very exciting time for America.”