How to end poverty in any country
When the government uses money as a medium of exchange, and a capital market system is completely set up properly by that government. To date the US Government still has NOT completely set up the capital market after 200+ years. any country that sets up the entire capital market system properly will end all poverty for all citizens living in that country.
Setting up a capital market system (free enterprise) by a government
Setting up a capital market system by a government needs an
initial investment made by that government for each citizen of the country
in order to start seeing any return on the initial investment. In order to
sustain and pay for the cost of running the government, and have economic
growth for long periods of time.
We need to fix the gap flaw in the capital market system problem now!
Not just put another band aid on a wound that has been festering for 200+
years for this country, and 3000+ years for the world.
Every election that goes by without fixing the problem is just adding more
band aids.
In the capital market system, only investment risk made will have any chance
of a positive return of profit.
The solution is having the US Government finish what it started 200+ years
ago. The freedoms granted in the constitution were great, but it is time to
finish setting up the capital market system.
When the country became a Republic, and the first president was elected, the
US Government set up a capital market system, and issued money by the
government recognized through the nation as the medium of exchange. They
only forgot the most important part! In order to have a capital market
system an initial investment must be made by the government in each citizen
in the country in order to have a profitable return. The investor is the
government in the initial setting up of the capital market system, and that
same issuing government will provide the structure for the citizens to use
the capital market by providing security, and law and order. All the
citizens gain more freedom and increased standard of living over time using
the capital market system. But, only after the investment is initially made
in each citizen living in the capital market system, by the government who
set up the system, will the gap flaw be fixed, and the market will crash if
the investment is not made. it is just a matter of time.
They forgot to finish setting up the capital market system.
NO investment was ever made. Not for 200+ years!
Without finishing the capital market structure set up, they went as far as
they could to give freedom to the people. Giving up control, and giving it
to the people. Without the investment in the capital market in the long run
will collapse and fail. The founding fathers did not finish setting up the
structure for the capital market, but they did buy some time in the capital
market. The founding fathers idea will not work until the initial investment
is made. Granted the freedoms that were granted were great, and positive.
Those limited freedoms bought some time in the capital market system. Making
the USA the most powerful nation on earth today. The capital market idea is
a great idea, but the founders of the country who came up with it, did not
finish setting up the structure for the capital market system to work for
the long run. One reason might have been some did not want to have the
capital market system, or some did not want to give up the control, and
power to the individual citizen. For what ever reason after 200+ years later
it does not even matter. That long run back then is here now. It is time to
finish the job!
The initial capital market investment in order to make it sustainable in the
long run, say, 5,000 years, or 10,000... is the initial capital investment
must be made by the issuing government using the capital market system.
After 200+ years, we all know the capital market does work. The USA is done
with the test phase, to see if it will work, and ready to put up the final
structure, and make the initial investment to just START the potential of
the capital market system. Up to this point the capital market has not
really even got started yet. The initial capital must be made as an
investment into the capital market system by the issuing government who
printed the money, or minted the coin. The initial investment is made into
each citizen living within the country using the capital market system. This
investment has very strict controls. To fend off all who want to hold on to
the control. The money power will go to the individual citizen over time,
and the roll of the government would shift towards building new trading
partners who also are ready to invest in their people, instead of setting up
programs, over taxing, over regulation, and all the rest, and putting
Band-Aids on the problem with regard to the capital market system. The
government also has important rolls in the nation outlined in the
constitution of the USA. The growth would be far and wide, and the return on
the investment from the government in the capital market is a return on the
citizen living within the system life time productivity in the capital
market. The citizen provides the return on the investment needed for the
government to sustain itself, and protect the country from attacks, and all
3 branches of the Federal Government. This return closes the gap flaw, and
reduces the need for assistance programs, as all citizens flourish in a free
capital market.
The founding fathers never made the investment, nor has any other president,
or congress. What are we up to now, 110th congress? Therefore; no returns
came, or ever will come to the government who uses a capital market system,
and money as medium of exchange within it.
The only way to sustain the government then would be through citizen tax
collection, and other ways to force a return on the individual citizens
living within the capital market system. The capital market system at this
point (1935ish) Individual income tax laws, and other fees, and ways to
collect money for the government services, and programs started popping
up... With no initial investment made in it yet. The capital market system
will put pressure on the government that set it up the capital market system
in the first place. Then did not invest into it to keep it from putting
pressure on those citizens living in the system, that for what ever reason,
can not capitalize in the capital market because they don't have the money
or the resources, or the time to do anything except work to pay the bills,
and taxes. Hope to have some left over for a trip someday. Without the
initial setup investment, the capital market will only work for those who
can capitalize in it. the control will always be by those with more money in
the system. Those who have less money, or are unable to capitalize in the
market, (either by working for a business, or starting and running a
business) will have no choice, or be forced to earn money in the capital
market system. forced to earn money because the government needs to collect
taxes in order to keep control, and law and order in the nation. Sooner or
latter the capital market will fail if no initial investment is made;
because, all the money will be consumed by the government to provide the
services, and the few groups who were able to capitalize in the market, soon
will loose all the money to the government who set up the capital market
system without making the initial investment to make it work for the
citizens living in the country who can not for what ever reason capitalize
in the market. sick, retired, mental issues, what ever the reason, the
capital market system does not care, and has no mercy to those who don't
invest in it. Unless the government finishes setting up the capital market
system, the system will crash, and fail for all who use it. Forced to earn
money to support the government, not invest in the capital market. the
government needs to collect tax in order to stay in control, when that is
not enough, then the government will be forced to collect from the citizens
who did capitalize in the market, and are capitalizing in the market to
collect even more tax. The government then becomes in the business of tax
collection, and setting up all sorts of programs to help those people out
that are out of work, and not capitalizing in the market, and 10,000+
programs, and health care, and banking, and everything the capital market
produced during the time the government bought 200+ years ago. When the time
is up, the initial investment must be made, or the capital market will
consume all the money for the government that set it up. All the money then
would be consumed by the government and a few groups, and individuals, but
everyone else would have no money, and no jobs. At this point the government
can start hiring its own workers, and play some tricks on the capital market
system by printing more money, borrow more money, rob Peter to pay Paul, or
what ever it takes to stay in power. The USA bought 200+ years, but now
without finishing the job, the capital market system will have no mercy on
those who do not invest in it. With no initial investment in the citizen who
will be living in the country using the capital market system, the
government using that system, will have no return on the investment for
using the capital market system. The return on investment being the citizen
in the country for the government. governments invest in the individual
citizen, and the citizen invests in a business within the capital market
system.
Those who do invest, or can capitalize in the market system will make a
profit if the product or service is wanted by anyone in the market place.
And in fact the capital market system works so well that it has made the USA
the most powerful nation on earth. Those freedoms in the USA bought some
time, but capital market system must have the initial investment made by the
issuing government in each individual citizen living in the country in order
for the government to slowly withdraw from the capital market pressure, and
start giving the money power to the individual citizen. slowly not needing
all the programs, and transitioning the citizens into the capital market for
employment, and reducing the money needed to sustain the government. For law
and order, and defense, and all the rest.
A slow but sure process, but we need to finish the set up as soon as we can,
before the capital market system is gone, and economic dictatorship sets in.
like china. The old Soviet Union, or even a small country in the Middle
East, take a look at what happens when a government issues money, and uses a
capital market system without making the initial investment. At least the
USA bought some time with freedom, and a good constitution. The profits are
very good in a capital market if a return on investment pays off. Each US
citizen will pay off a huge return on the governments investment. After the
investment is made then the capital market will just be getting started. In
fact the government has been able to sustain itself, and keep the freedoms
in place outlined in the constitution. Some are not starting to crack from
the capital market pressure. due to lack of setting up the initial
investment in the capital market. Over all the tax collecting business has
been good for the government. Punishing and taxing those who capitalize in
the market. Then help those who can't capitalize, but most is just wasted
investment funds, and none of the programs will work, or be needed in a
capital market system when properly set up. The problem is without the
issuing government investing in the citizens who are going to live in the
country under a capital market system the gap flaw will always have groups
with money controlling those with less money. A untold amount of valuable
resources will be wasted on programs, and tax collection efforts to fill the
gap flaw in the capital market system. If the gap flaw gets too wide, or too
far out of control, where it is hard for any new venture risk capital, then
the capital market will start to fail for all those not capitalized in it.
those who are capitalized, or have some money power will control those with
out money power. LUCKY for us, we have some freedoms left in this country.
Without some freedoms, the USA would already be an economic dictatorship
like China, or even worst. The capital market system is never forced to do
anything for anyone. Nothing is free in a capital market system. Everything
must be paid for. Nothing can force the market system except for the
collapse of the system by the government who set it up. Only an investment
made at risk of loss or reward will the capital market provide freedom for
anyone using it.
See details on how to set up this investment fund, and start issuing the
capital market system. TO DATE 10/30/10 the US Government has not finished
what they started, and finish setting up the capital market system for this
country. After 200+ years, it is about time the finish the job. If we don't
the capital market system will not work in the long run. that long run,
after 200+ years is NOW.
The capital market gap flaw problem and the only way
to fix the problem
The USA government must finish what it started when the
country was formed under the capital market system. Based on profit returned
on capital investments made by those who are able to capitalize in the
market through a business. The issuing government that sets up, and uses the
capital market system in the country must make the initial investment in the
citizens living in that country. If the second part, the investment is not
made, all the profits will eventually be consumed tiring to fix the gap flaw
in the capital market system. Where those who can capitalize in the market
will have more money and control over those who can not capitalize in the
market for what ever reason, and have less money. Without the investment
those who can not capitalize in the market will require that government
provide services to fill in the gap. As time goes on, the gap will widen
more, and more, and the taxes collected will consume all the money in the
capital market. Slowing, and stopping growth. Eventually the issuing
government will need to take control over all the citizens, and the capital
market will then fail. It is NOT too late to finish! After the investment is
made, then the capital market will start. To date the true potential of the
capital market has not even started yet. It will not start until the
investment is made.
The government issues the money, and sets up the structure for the capital
market in the country. All the citizens who live in the country then are
living within the capital market structure. In order to fix the problem, the
issuing government must invest in each citizen living in the country. This
is part of the initial setting up of the market structure made by the
government. The government prints, and issues the money for the citizens in
the country to use as a medium of exchange within the country. In the
capital market system the citizens of the country must be the assets of the
country. Without investing in the assets, the gap flaw problem will
eventually cause the market to fail in the country. As of today, the
investment has not been made, so the gap flaw is causing a lot of problems.
It is never to late to start. With very strict controls to protect the
investment, and the capital market structure. Without the investment, the
gap flaw will consume all the tax collected, and the citizens will lose
faith in the market system. Giving the control to the government. It is the
initial investment that will close the gap for everyday living expenses
living in a capital market over time. Then, even those who can not
capitalize in the market, will have money control for a basic standard of
living that will grow over these from compounded interest earned. No
programs would be needed as time goes on once the investment is made. (see
structure details)
Fixing the gap flaw in the capital market system must be made by the
government issuing the money, and providing the law and order structure for
the capital market in the country. Any country using money as a medium of
exchange in one way or another uses a market structure for that exchange. A
capital market system used in the USA is a money control mechanism for the
individual citizen living in the country. A control for having a means of
exchange for goods and serves needed, and demanded by the citizens living in
the country. Businesses provide those goods and services needed and demanded
in a capital market system. Nothing is free in a capital market system. All
goods and services cost money. The government controls the structure with
law and order. As well as provide safety, and protect the citizens as a
government structure. The government issuing the money, and using the
capital market system as the control mechanism must invest in each
individual citizen who is going to live in the country using money as a
medium of exchange, and live their life within the capital market system.
The government must give that control to the individual citizen in the
country, and release that control mechanism. The return on the investment
made by the issuing government is the productivity of that citizen living in
the country through that citizens life time. If no investment is made, then
the gap flaw will eventually follow, and the control gap will widen to the
point where the citizens who can not capitalize in the capital market will
loose faith in the system, and give all control to the government. The
control gap will become very wide, and will collapse the capital market
system in time. We see this problem today, because to date the investment
has not been made. Therefore control will always go to the government,
because the government issues the money, and controls the capital market
legal structure. Without doing the necessary second part in order to set up
the capital market in the country, every citizen living within it, who can
not capitalize in the market will be controlled by those with more money. In
an effort to save the system the government will consume all the power and
money with tax collections to try and fix it. This is what is going on
today. The only way to fix the gap problem is to finish setting up the
capital market system by investing in each citizen using the system. This
means giving the money power to the people in the capital market.
Politicians would be giving up the control, and power, and give it to the
people. The founding fathers did what they could do, but did not finish
setting up the capital market system for the country, so stated a more
perfect union... Do the research for your self. your eyes will open up as
you realize this is the unfinished part needed for the USA to start the
capital market system, and unleash the market potential.
The USA has not even started the capital market growth potential because the
investment has not been made. The only reason why the gap flaw has not
already consumed all the money, is because the founding fathers of the USA
gave some control to the people with freedoms, that have so far stayed off
the collapse of the capital market. This has held for 200+ years, but it
will not be sustainable, and if the second part is not done, the market will
fail, and all control will go to the government. See details on the strict
investment fund set up.
Every time any freedom in the USA is taken away from the citizens by the
Government, the terrorist claim a victory in that battle*. In order to win
an
age old war the USA must as a country look back at the history of money as a
medium of exchange for goods and services. Where the US
government creates laws to maintain order, and uses a capital market system
structure for the medium of exchange with money. The way to win
the war is through more freedoms, not less. This is an outline on how to do
this.
Even the Romans used coin issued by the government as a medium of exchange.
To this day, that medium of exchange has been a good system.
The use of money as a medium of exchange since the beginning has had a major
flaw. Not in the use of money, but in the government structure
to maintain the capital markets, and having all the citizens in the country
to use the system. This flaw has been evident throughout time going back
to the Roman Empire. First, the government should in fact keep law, and
order. Coin and print money. Protect the citizens with national defense,
and secure the borders, and other purposes. The flaw goes all the back in
history where the government controls the citizens through the use of
money. In the USA it is the capital market system. The flaw is the ability
of the government to over control the citizens using the capital market
system in a way that disrupts the flow of entrepreneurship, or ideas for
products and services to sell in the market system. The flaw has always
been when the government control on the markets go too far. Reasonable
standards, and safety for all goods and services is fine, but every time
the government makes laws that go too far, it increases the cost of the
goods and services for the citizens who buy or use the service.
*A government for the people by the people... If the people elect people who
vote to take away any freedom, then the terrorist win that battle. The
war is in fact a clash with the US capital market system structure with
other nations in the world.
In the USA there are 4 levels of government.
CONTROL FLOW
1- Federal Government
2- State Government
3- County Government
4- city/local Government
What is happing today is the flaw is starting to show up now after 200+
years without fixing it. The USA created a very unique capital market
concept based on money as a medium of exchange. And throughout the history
of the USA it has proven to be very successful. The problem is,
the government has tried everything except the correct fix to the fatal
flaw. Using currency as a medium of exchange is a novel concept, and entire
markets have formed around the concept. The flaw in the USA today is the
control flow, where the freedoms are given up to the Federal
Government, or a higher level of Government. The control is too much at the
Federal levels of government for the states, and local governments
to maintain, and pay for the laws made by the federal government. this
flawed approach is apparent in the US today. The control flow problem
happens when a jurisdiction clashes with another higher level of government.
Imposing unneeded laws, and causing a burden for the lower
jurisdictions. This fatal flaw does not just stop at the capital market
control itself. It is the use of money within the capital market by the
citizens
within that country using the system as a means of exchange for goods and
services. The flaw is only some citizens within the system will be
able to capitalize on the market with an idea, or small business venture.
Only a few will in fact over time control segments of the capital market.
The US government has tried to address this by not allowing some monopolies
in the system to a certain degree.
Flaws that have passed through time since the Romans, and now USA today.
1- Too much Capital Market Control.
2- Limited ability for citizens to capitalize in the market.
How to fix the flaw, and end the war of all ages.
This flaw is about the citizens of the country using the capital market
system, and money as a means of exchange. The capital market system can
and does work. The USA has come a long way using it, and better than other
governments with even more control. This flaw should have been
fixed way back in the Roman times. when they used money as a medium of
exchange. In order to fix the fatal flaw the government must invest in
the citizens living the country. In order to fix the problems today and end
the age old war, the government must invest in the citizens of the
country. The Romans could have done it, but did not. Other country
governments could have done it, but have not to date. The USA has not done
it, and this is what is causing all the wars, and money problems in the
capital markets today. Governments tax the citizens, they don't invest in
them. Taxing from one group, and giving to another will never work in the
long run. Look at how that worked out for the Romans. The USA still
can fix the flaw. It is NOT too late to fix the problem. Now, the USA
through the history of the country has tried everything but the way to fix
it. They
have created a number of programs to attempt to fix the problem, but they
have not to date invested in the citizens to fix the problem over time.
They have set up social security, medical programs, like Medicare, and a
wide range of programs that attempt to fix the fatal problem. It is time to
fix the problem. All these and 100's of other programs all tiring to fix the
problem with the capital market system has been tried, and none of these
programs will work in the long run. The tax collected to run all these
programs take the ability for citizens to start a business, or capitalize in
the
market. This is a slow but sure way to the end of the free enterprise
system, and the capital market system in the USA.
Only a strictly structured investment in the citizens within any country
using the capital market system will fix the fatal flaw as it is today, and
has
been way back the Romans. Over time the citizens freedoms grow, not shrink.
Only the investment in the citizens can the government free the
individual citizen living in that country from the economic business cycle
within the capital market. Economic freedom would be a glorious
triumph for the USA who has come a long way using the capital market
structure idea. With economic freedom within the country over time using
the capital market system, the citizens will feel free, and proud of the
country government. Free from any economic dictatorships, economic
warfare, and clash between other countries using the same economic model.
Over the years governments have clashed with each other using
the capital market model. Today the clash is with what we call terrorists.
The countries who are forced to use anything will always be slaves to the
country doing the forcing. Economic slaves. The way to provide freedom in
the USA or any other country in the world is with citizen investment
from the government. The government controls the money that is used in the
capital market by the citizens. the government collects taxes, and
fees, and fines, and anything else they can think of to get the money to pay
for all the flawed programs. The government can NOT be in business
for its self. Today, not the US government, or any other government in the
world has made a structure to invest in the citizens living in the country.
Think about that for a minute. Look back in history and see what would
happen if basic living expenses, and cost of living in the country, relative
to the standard of living of each citizen in that country would be if the
government made an investment in the citizen of that country. The Roman
Empire would probably still be here today. Look back in history, and see
what the result would have been in the USA government invested even
1.00 in each citizen of the nation 200 years ago. Think of what it will be
like 200 years from now, if finally the government solved the flaw, and
invested just 1,000.00 in today's dollars for each citizen of the country.
If the investment was made today, even citizens living today would see
rewards from it in a short amount of time.
Each individual whether able to work or not in the capital market system
would benefit. It would not matter is a person makes 10,000 a year, or 10
million a year. Every US citizen would have an investment made by the
government. The government investing in the individual citizen living in
the country. The investment would be passed on to heirs establishing a
system where every generation is better than the next. The 1.00 investment
should have been done 200+ years ago in this country, and even .01
investment way back in the roman Empire. Today, the USA can start with
1,000.00 investment. The individual standard of living will go up with
minimal inflation if the government would solve the flaw, by making an
investment in each citizen of the nation. Free from too much control from
any level of government. At the same tome setting up the laws, and
structures for the free enterprise system to work in a capital market
system.
The investment of 1,000.00 dollars today would stem the doom tomorrow
because of the fatal flaw in the system today, and apparent throughout
the time of using money issued by a government. The money in the investment
fund is controlled by the US Federal Government. (Made of the
people for the people) The flaw will in fact fracture. and collapse any
government over time without the investment fix. The investment fund
structure would be clear as far as rules, and structure for the fund itself.
NOT a stalk market fund. The stalk market is a function within the capital
market structure. This investment fund has nothing to do with investing in
the stalk market. Over the years the US Government has attempted to
fix the flaw, by setting up some departments, and agencies, but over time
will not work because the citizen investment was never made. with no
investment, the only way to pay for the programs aimed at fixing the
problems associated with the market system is through tax collection. this
system is used today, in the USA, and it doomed the Romans in history. Some
good structures have stayed off the flaw by setting up 3 branches,
for checks and balances. unfortunately this is not going to be enough as
time goes on.
The investment would be made by the executive branch of the government for
each US citizen in the country. with oversight made by the
Congress, and judicial branch of the US Government. The interest earned
would be controlled by Congress, but used by the individual Citizens.
Any use of interest earned within the Citizens investment account will be
controlled by Congress. Congress shall be in charge of laws relating to
the use of the interest earned in the investment fund. Any use of interest
earned within the Citizens investment account will be used by the
individual citizen holding the account. So, the Congress in providing
oversight, and passing laws to protect the citizens accounts from the
issuing branch of the government (Executive Branch). the congress will not
be able to fund, or pass any laws to spend, leverage, or use any
account principal, ot interest earned other than what the citizen can use
the interest earned for. only to expand or contract the use of the interest
earned within the accounts. So, the account is set up by the executive
branch, and the interest earned is controlled by the Congress, but can only
be used by the account holder. That is the citizen. All the programs will be
gone in time, as obsolete, and all the money saved by solving the flaw,
instead of taxing or spending to try to fix it, will reduce the tax
collections needed to fund the government over time.
The Government for the people by the people... using the capital market
system structure, and free enterprise. When the government makes the
investment and sets it up correctly, it will benefit each citizen living in
the structure over time be free of day to day money burdens in the system
where everything costs money in order for it to work. Money for food,
clothing, shelter, and other living expenses relating to living within the
capital market structure for each citizen. The investment will also control
inflation, and the individual citizen would not feel the effects of dramatic
economic business cycles. a calm transition from one cycle to the next over
time. The war on terror, (the age old war) will be won. Because US
citizens would have more freedoms, not less. Freedoms from any economic
terror, or economic dictatorships of the future. Setting up the
investment in a way that elected people can not tamper with over time using
checks and balances to secure the safety of the capital market system
with individual investment accounts made by the government for each citizen
of the country. The age old war of using money as a medium of
exchange, and having government control the market. The citizens living in
that country being economic slaves through economic dictatorships.
this is the flaw going back to the Romans, and we are seeing it pop up here
in the USA now too.
By making the investment in the citizen, and setting up the proper structure
of control, the citizens living in the country would have no poverty, or
not able to eat, and rest. Everyone would Have a minimum standard of living.
this standard of living would go up over time. Each generation
living better then the last. We need to make the investment today, before
the flaw breaks apart the market, and all control goes to the government.
Details about the economic freedom investment accounts and safe guards:
The principal balance in the account can never be used, leveraged,
withdrawn, or touched by the government, or the citizen holding the account
in any way except for the Federal Investment Fund Manager. The manager of
the fund would be the Federal Reserve Bank. The administrator for
the fund would be the Treasury Department. The legal oversight would be done
by the Justice Department. The fund oversight would be done by
the Congress.
Congress can not use any principal balance for any reason. Congress would
control the use of interest used by the citizens. The Federal Reserve
Bank would be making the investments in the form of setting up proper market
structure for international trade, and working with other countries
using the capital market structure. The manager will not invest in any stalk
markets, or make any direct investment in any company, or individual.
The manager will provide short term loans to banks, Set up structures for
liquidity in the market, and support local banks to make loans for small
business. And make investment deals with other governments for
infrastructure projects, and trade agreement enforcement.
The congress will set up the use of interest earned. Citizens use the
interest earned based on the citizens life span living in the country.
A citizen from age 1- 18 will have their account compound interest build up
in their account. The only way to get the interest money earned out of
the account is through the citizens using the money. Congress sets up those
uses, and rules for use. At the age of 18 the citizen can choose to
use some interest earned for college, or continual education. Based on the
available interest earned on the account. any additional expenses are
paid for by the citizen. All the citizens will have some interest earned by
age 18 to help pay for college, or other continual education. Interest
earned
will over time also help off set health care insurance cost, and other basic
living expenses such as food, shelter, transportation, clothing, to
mention some basic living expenses. The congress will be in charge of
setting up use for interest earned, and limits. All accounts will have
modest
compounded interest built up over time to increase the amounts available.
As the citizen in the country from age 18-65 has the ability to choose to
participate in the capital market, either by working for a company, or
starting their own company, that citizen can increase the interest earned by
depositing into the account over time. The citizen would work to better
their standard of living above the basic economic freedoms of the account.
those who can not for what ever reason, still will have interest earned to
sustain a minimum standard of living in the system. In the USA the citizen
would have total freedom to explore, and grow as time goes on for the
country. In our case today 200+ years so far. Even an investment of 1.00 200
years ago would have made a dramatic difference in life today for the
average citizen. No tax dollars would be need to be collected for all the
programs needed for those less fortunate, which would cost the tax
payers less than they are paying today. Each year after age 18 the citizen
can use interest earned to pay taxes to support the functions of the
government, and infrastructure. The services needed for all 4 levels of
government. interest earned can off set some of these tax costs. With the
focus of the government towards core needs like national defense,
international relations, and other larger scale projects to return on the
investment for the citizens who hold the accounts. The way things are today
would be a thing of the past. Every year the citizen after age 18 can
deposit a minimum of 5,000.00 into the account. The limits can go up, as
Congress would control the amounts. A minimum would be 5,000.00. This
money would add to the principal balance of the account. The compounded
interest earned would then be on the total balance after the deposit.
Each year the available interest earned would go up over time. At the age 65
the citizen can draw interest earned for retirement. Each year the citizen
can make a 5,000 deposit to grow the retirement interest earned draw. The
fund is administrated by the Treasury Department, and the citizen has
contact with the Treasury Department each year in tax filing, and making any
deposits. Although the 5,000 is collected by the tax collector, that is
not a tax, it is a deposit to the account, and will transfer to the manager.
the fee for transfer may not exceed 100.00 per 5,000.00 deposited, and the
manager fee for the fund may not exceed 1% of return on investment made by
the manager. Not only does the citizen increase the interest earned
by adding to the principal amount of the account, the money is taken out of
circulation from the manager, as a inflationary check. the principal
can only be used by the manager with Congress oversight.
When the citizen passes away at any age, the account principal balance, and
compounded interest earned passes along tax free to the heirs.
Citizens will provide beneficiaries, and state in any last will and
testament who will get the account funds. If no will is made by the citizen
then the
account goes to probate. The last known relative will get the account
balance. At any time prior to age 18 the account balance goes to both
father,
and mother stated on the birth certificate. Citizens can not assign, loan
against, or withdraw funds from the account principal balance, nether can
the Congress. Citizens can only use the interest earned for living expenses
approved by Congress. The manager reports to the Congress for over
sight as far as what investments were made on the behalf of the account
holders.
The effect of investing in the citizen instead of taxing the citizen to pay
for operating all the levels of government will fix the flaw in the system
over time, and end the age old war, and win the war on terror. The age old
war of money as a medium of exchange, and government control over
the citizens through economic dictatorships, and economic slavery.