Dear President Donald Trump
Please think about and understand that the following cannot SAVE America. Your Presidency
will expire and your MAGA PROMISE BROKEN.
1. Tariffs and a Trade War.
2. Expanding Credit.
3. DOGE.
4. Expanding GDP.
5. Taxing GDP at 25.2% (2023 OECD).
6. Taxing wages/incomes/benefits, profits/capital gains, goods and services.
FIRST, you need to understand that by Taxing wages/incomes/benefits, profits/capital gains,
goods and services, you create TAX SLAVERY for your 164+million workers and the wider
community of 340+million Americans.
ALL Taxes and Government Charges of all levels of Government find their way into the PRICES of
goods and services making ‘Made in America’ uncompetitive against ‘Made in China and
BRICS’.
Workers and those whose incomes are directly taxed pay their TAXES TWICE. ONCE when
deducted from their wages/incomes. TWICE when their TAXES are included in the PRICES of
goods and services they pay for out of the Net of TAX, take-home-pay or income. THAT is TAX
SLAVERY.
NEXT, you need to understand that GDP is NOT a measure of ALL economic and financial
transactions conducted into, within and out of America. Just as the Barometer, an instrument
measuring atmospheric pressure shows and forecasts the weather, there are economic and
financial Barometers.
The Stock Exchange Barometer. The purpose of the Stock Exchange is to raise money for
businesses and provide a market for the shares of the business. The market value is based on
the net asset backing of each share and the return on each share based on the Net after Tax and
Interest Profit and the distribution per share as a dividend. When there is too much money or
credit sloshing around in an Economy or foreign investment, it finds its way into the Stock
Market and Share VALUES INFLATE and bear NO relationship to their ‘True and Fair Value’.
Unbridled speculation determines MARKET VALUES.
The Housing Market Barometer. When the market Value of a house bears NO relationship to the
COST to build a new house then there is too much money or credit sloshing around in an
Economy or foreign ownership.
Communist China has infiltrated America and has substantial ownership of land, property,
businesses, infrastructure, intellectual property, etc in America to distort Market Values for
Americans.
If you understand and accept the above, then please think about the following.
1. You must ABOLISH TAX SLAVERY by taking OFF PRICES of goods and services EXISTNG
TAXES on wages/incomes/benefits, profits/capital gains, goods and services. This
substantially REDUCES PRICES of goods and services and of all Government, etc.
2. That the ‘True and Fair’ measure of the Economy and Financial position of America is the
Open Market Value (NO transfer pricing) of All Charges Of Ownership (ACOO) into, within
and out of America by every individual, business, trust, foundation, charity, church, visitor,
government, other entity, etc.
3. Take the reduced cost of Government in (1), determine the $US Value of ACOO in (2) and
calculate a single rate of TAX on ACOO to fully fund Government and pay OFF your crippling
DEBT of $ 36+Trillion. Expect this single TAX rate to be a low single digit. My research over 45
years for Australia is a single rate of 2%.
4. To the reduced costs and PRICES in (1) add the TAX rate in (3) to give the REDUCED PRICES
of goods and services.
5. Everyone, business, government, etc keeps their EXISTING MONEY which with the REDUCED
PRICES in (4) will buy more goods and services leaving money to pay OFF DEBTS.
6. ‘Made in America’ can replace ‘Made in China and BRICS’ to keep your MAGA PROMISE.
Please have Elon Musk visit me to PLAN the research and implementation of LIBERTY TAX to
ABOLISH TAX slavery and MAGA as legacies of your Presidency.
Kind regards
Derek Smith CA
Photo and comment on Facebook. Please see https://www.facebook.com/Like2CentTax/
Communist China has changed its Economic and Financial Policies from being EXPORT driven
to be DOMESTIC CONSUMPTION driven. The CCP know that they must lift the standard of living
of 1Billion Chinese, or the knives will come out for them. The same applies in India. China and
India do not have the resource to raise the standard of living for 1Billion Chinese and 1Billion
Indians. Exporters to America can find new lucrative Markets outside the USA. President Donald
Trump will NOT receive any Tariffs to pay OFF his crippling DEBT of $US36+Trillion which is
expected to increase by $2Trillion per year. President Donald Trump’s Presidency will expire with
America broke, NO goodwill and NO relationships around the World. PLEASE SHARE.