Subject: Tax Reform/Monetary Policy Comment: With continued private-for-interest money creation by bank deposit expansion lending ability, the government will always borrow checkbook money at taxpayer funded interest from special privileged banks. The debt spiral 'legally' capturing interest from the existing economy, dictates the expansion of ever more debt to avoid monetary contraction. Government, if not totally corrupted by the special interest lobby, could end the insanity by transfer of the creation of money back to the US Treasury. Monetizing the national debt would end hundreds of billions in taxes needed for interest, as bank reserve requirements proportionately would be increased preventing inflation. Any meaningful tax policy would be in the form least harmful to the taxpayer, based upon consumption from those who have the funds to spend above necessities. Government taxes would simply off-set money creation once banks were fully weaned off the 16th century, Bank of England, fractional reserve pyramid scheme. King William and Queen Mary borrowed from the Rothschild's who were lawfully permitted to create debt paper at interest out of thin air, and the great game has been on ever since. Only when public awareness rises to a level to effect change in monetary policy, will tax reform have any meaning. It will require an honest government, not manipulated by the current money creators, who have over many hundreds of years, become the most powerful force in the world and by law, pay very little in taxes. What chance for change then? Maybe that question needs to be answered first. |