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Let me run this by all of you. I am former Morgan Stanley and I know all about the S&P Rating. And don't think there are not influences and crap going on in the background relative to our credit. Nobody is going to care about that and the credit will come back, IF WE MAKE A CHANGE.

There is a solution to all of this. Cutting spending is nice, but guess what, its never happened in the history of our government.

This can all be corrected and we can pay off the debt, and do away with taxes as we know it.

Here are the taxes that will be gone: Income Tax Gone Captital Gains Gone Death Tax Gone Gas Tax Gone State Sales Tax Gone State Income Tax Gone Real Estate Taxes Gone

Its called a Transaction tax, it is not add on, some countries tried it as an extra tax. That is a mistake and a typical socialist country will add it on.

It is not a VAT or Retail Sales Tax.

It is a tiny fee attached to transactions, every transaction.

Example: You earn $100,000 per year, and you transact say $300,000 in transactions a year (money churn, stocks etc), you would pay only a little less than $3000 for your total tax per year based on movement of $300,000 in money transactions. That's a fee automatically paid when you transact money. The genious of this is everybody pays a little, and nobody gets away without paying. Now, 50% of the populations pays NOTHING.

The Forex market would more than pay for the federal budget.

Stocks and Bonds would pay for the State and local

Individual transactions would probably make Social Security solvent.

This is better than a 23% National Retail Sales Tax (which is my distant 2nd choice), because the impact to individual tax payers is very small on this transaction fee. The whole thing would bring our economy back to life. Our economy essentially becomes TAX FREE!

We suck back money form overseas, investment in business, more hiring, everything you can imagine will turn us around.

No compliance, no IRS, no audits, and business has a free hand again. Go to APTTAX.com and read. The guy that did this web site, gives the facts, but its not a graphic illustration like it should be.

Comments?

Stop making sense.

That sort of rational thought is verboten in Washington.

EVEN IF the whole Statist Govt. crashed the same elites will still be running the show.

You think they`re going to give up that much power now and the potential to aggrandize even more in a self manufactured “crisis” by going to a 10% T.T. , devolve medicare/cade and SS to the States, end all unconstitutional government programs !?