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LOWER TAXES
Your taxes would be much lower if we stopped taxing income and taxed the flow of money at 0.5% instead.
Why? Because there are two economies - the material economy and the monetary economy.
We live in the material economy - the production and consumption of goods and services. The size of the material economy is our GDP, about $25 trillion.
There's also the monetary economy - the creation and trading of financial assets, like crypto, stocks, derivatives, MBS, REITs, and PE funds - which generates over $6,125 trillion in money flow each year!
WE'RE SIMPLY TAXING THE WRONG THING!
The flow of money in the monetary economy from trading financial assets exceeds both the GDP and our collective income by 240-times.
We are taxing the red dot when we should be taxing the blue sphere!
The blue sphere represents the flow of money in the monetary economy.
The red dot is our collective income.
The Fed publishes this information in the BIS Red Book. Click United States in the link below, and look for Tables CTA1 and CTA2.
Remarkably, these taxes are your fair share of the revenue necessary to balance the budget and fund all the benefits on this site.
Reduced Taxes
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More Benefits
What taxing the flow of money would mean to you
If you're single and earning $30k, your taxes would drop from $6k to just $150 .
HOW OUR ECONOMY HAS CHANGED
Why a Flow Tax Would Work Today
In 1913, when income taxes were first imposed, income was the right thing to tax.
Henry Ford shocked the world when he paid his employees five dollars per day.
We entered an era in which the middle class grew and the gap between the rich and poor narrowed.
Automation changed everything in the 1970s.
Wages have been flat for the last 50 years, while production has continued to increase.
Automation caused a shift in jobs to the financial sector, which gave rise to unprecedented growth in the monetary economy.
The impact of our burgeoning monetary economy.
Unbridled growth in the monetary economy has led to an increase in the disparity of wealth in America.
The rapid rise of the monetary economy has also led to the extreme disparity in income in America.
The disparity in income has led to a greater disparity in the ownership of equities in America.
Just 20% of Americans control 87% of the equity market in the nation.
A Flow tax is the single most effective tool for mitigating these growing problems.
HOW A FLOW TAX WOULD WORK
Simple, Less Overhead, No More Tax Returns
A flow tax would entail debiting a tiny fee every time money changes hands.
Creating and deleting money.
The money debited from a payment would not be credited to any account at all.
This would delete the debited money from the money supply.
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