Dear President Donald Trump
Tariffs, quotas and sanctions won’t Make America Great Again. They are Economic and Financial suicide for Americans.
To Make America Great Again requires –
A – EXISTING TAXES on employment, businesses and goods and services to be abolished and taken off the PRICES of ‘Made in America’ so that they are globally competitive and replace imports from China and BRICS.
B – the END of EXISTING TAX SLAVERY for 168+million workers by taking EXISTING TAXES on their wages and benefits off the PRICES of goods and services. With the reduced PRICES, when they shop, all Americans have the financial incentive to work, be innovative and productive to ‘MAGA.’
With 2% LIBERTY TAX, ‘A’ and ‘B’ happen from day one of its implementation in the USA.
Please read my Letter No.93 of 28/2/2025 which explains how ‘A’ reduces PRICES of ‘Made in America’ so that all EXISTING MONEY i.e. workers’ take-home-pays etc can buy more goods and services, at the much reduced PRICES, leaving money to pay off debt.
2% LIBERTY TAX fully funds Government by everyone, business, other entity, religious body, charity, government etc. etc. paying a single simple 2 cents in the dollar LIBERTY TAX on the Open Market Value (NO transfer pricing) of All Change Of Ownership (ACOO) into, within and out of a Nation. It is the accurate, ethical, and reliable basis of measuring the Economic and Financial Performance of a Nation. GDP CANNOT do this.
In Australia, NO Government, University, etc. has a Model of ACOO. I did my first Model in 1984/5 and have subsequently updated it many times since. The last update was 9/7/2014 for PM Tony Abbott but I did not get a reply. Many of the data bases I have researched do not have the figures for the Model. As a result, my Estimate of ACOO as below is understated.
Estimate of ACOO for the purpose of calculating the estimated 2% LIBERTY TAX REVENUE.
ACOO – Australia in 2024 in $ABillion.
INTO –
Imports, Foreign currency exchange, borrowings, visitors and tourists – Subtotal $A1,648Billion excluding unidentified ?????.
WITHIN –
GDP including by industry, Other State/Territory, ASC trading, Derivatives settlement, Currency Trading, Insurance premiums, Australian Interbank and Overseas Bank Settlements, Australian Banks TFF and Short Term Deposits, Gambling – Subtotal $A104,013Billion excluding BITCOIN and unidentified ?????.
OUT –
Exports, Foreign currency exchange, Overseas Loan repayments – Subtotal – $A2,266Billion excluding unidentified ?????.
TOTAT ACOO – $A107,927Billion
In Letter No.93 28/2/2025 for the Australian Federal Government Budget, I used an ACOO of $A50,000Billion. With an ACOO of $A107,927Billion the Budget surplus would be $A1,591Billion and the Australian Government Debt of $A2,050 would be paid off in less than 2 years.
I have repeatedly requested PMs and Opposition Leaders to have 2% LIBERTY TAX including ACOO modelled but no response. Instead, the Australian Federal Budgets show $ABillions spent on Programs that do nothing for Australians’ Standard of Living and Security in their own Country.
From my knowledge, understanding and experience of the USA Economy and Financial position including the National Debt of $US36+Trillion, the expense of Modelling 2% LIBERTY TAX for the USA would prove its implementation can Make America Great Again.
Kind regards
Derek Smith CA
