Dear President Donald Trump.
“You can lead a horse to water, but you cannot make it drink.” I experienced this firsthand
when in my youth on summer holidays I worked in a Circus. The Public perception was that
Circus animals are cruelly treated but this was not my experience. The Circus People
respected and loved their animals which they trained with care and patience, The job of the
Ring Master was to assess the expectations of the audience and then arrange the Acts and
performance of animals to exceed the audience expectations so that at the end of the Circus
the audience did not want to leave and would come back for more. The Clowns entertain the
audience whilst the Ring Master manages the Performances. The Ring Master is the Master
of the economic and profitable performance of the Circus, its resources particularly its
People, and the future of the Circus.
As President you are the Ring Master of the economic and profitable performance of America
its resources on and in the ground, waterways and oceans and in particular its People of
340+million and workforce of 164+million. However, no-one in America is and can provide
you with the fundamental economic measures and performance indicators and trends for you
to do your job. You are flying blind in a violent storm heading for disaster. The Clowns are
entertaining Americans who have no future.
Fundamental economic and performance indicators and trends by industry, State and
separately the Federal Government for the –
1. allocation and performance of natural resources including your human resource,
2. % of existing TAXES in the PRICES of goods and services (based on Australia expect
this to be 50% of the price of a loaf of bread, a newly built house, a litre of fuel and almost
everything else)
3. % of existing TAXES in the COST INDEX of your Exports which makes uncompetitive
‘Made in America’
4. TAXES as cents in the sales dollar of each industry and each business.
5. TAX SLAVERY of your workforce of 164+million plus those receiving income net of
EXISTING TAXES. ONCE when deducted from wages and incomes and TWICE when
included in the PRICES of goods and services paid for out of net of tax wages or
incomes.
6. determination of interest rates and trends. The Federal Reserve do not have the
Economic Data to make these determinations from (1) to (5) above.
7. determination of the value of the $US based on the Terms of Trade and the Value of the
underlying Net Assets of America as in the foregoing. This data is not available.
8. economic performance and financial position on a consistent basis of each industry, State
and separately the Federal Government.
LIBERTY TAX provides these fundamental by industry, by State and separately the Federal
Government to measure and determine (1) to (8) above.
Example: The true and fair measure of the American Economy is the Open Market Value
(NO transfer pricing to evade TAX) of All Changes Of Ownership (ACOO) into, within and out
of America. Note: Based on my research in Australia over 40 years expect this to be 25 times
GDP which is an inadequate measure of a Nation’s economy.
The PRICES of America’s goods and services and the COSTS of all levels of Government
are loaded with EXISTING TAXES on wages, benefits, incomes, profits, capital gains, goods
and services. Take these TAXES OFF PRICES and COSTS and add a single one digit % of
LIBERTY TAX to have ‘Made in America’ replace ‘Made in China and BRICS’ to MAGA. This
single one digit % LIBERTY TAX (for Australia it is 2%) to fully fund Government and pay
OFF your crippling DEBT of $US36+Trillion.
If Elon Musk does not want to work with me to PLAN the research and implementation of
LIBERTY TAX for America, please ask your Sons. I am sure with one of them we can get a
good job done to MAGA.
Derek Smith CA
Your Aussie Mate in waiting.