Dear President Donald Trump
From 1968 to 1978, I was the Company Secretary/Finance Executive and later MD of an ASX listed Group of Companies manufacturing, marketing and sales of paper products throughout Australia and South East Asia, with a factory in Singapore.
In our show room we had a wall of our products, a wall of USA products, a wall of the other Nations products and a wall of other Australian products. The USA Industry led the World in paper products and adding value.
Every two years, two company Executives travelled around the World to see the ‘best,’ the Industry were producing and to obtain samples. I visited a number of business in the USA and had tours of their factories. Generally I was impressed by their operations but on the factory floor the workers were stand off and not happy, compared to the workers in our factory.
We returned with a large case full of samples. A meeting with production, marketing and sales staff was held in the showroom. Each sample was inspected and discussed. It was then put to the vote as to which samples we would manufactured, market and sell. The selected samples were put up on the showroom wall.
Over-time the business developed new products for customers such as Readers Digest, the Photographic Industry, the Banking and Insurance Industries, etc and progressively the wall of the company’s products outshone the wall of the USA.
Samples were also sent to the Singapore Factory and Marketing and Sales Team who decided which sample products they would manufacture and market throughout South East Asia. Interestingly sample products that were rejected in Australia were taken up in Singapore and become highly successful.
To protect our market share we were always mindful of the cents in the sales dollar of TAX and Government changes and took all possible steps to mitigate these TAXES.
In 1971 as Leader of the Opposition and in 1973 as the PM, Gough Whitlam visited China and opened the Australian market to goods ‘Made in China’ duty and quota free. Subsequently ‘Made in China’ products arrived in Australia and we could not buy the raw materials for the SALE prices of these products. The price of the Australian raw materials was loaded with TAX and inflated by protective Tariffs. This was the beginning of the end of the Australian owned business and of manufacturing in Australia. The business was sold to a UK paper company. I left the business and went into coal mining and export as a new growth industry.
In the coal mining and export business TAXES and Government Charges were separately accounted for and reported.
The above experience with TAXES and Government Charges started me thinking and researching how these EXISTING TAXES could be taken out of PRICES. Also, how a single low rate of TAX on all spending and changes of ownership could fully fund Government, so that the reduced PRICES inclusive of the single low rate of TAX, could have ‘Made in Australia’ competitive against ‘Made in China”.
In 1985 I sent to PM Bob Hawke the 2% TAX Submission for his Taxation Summit.
Over the past 40 years the USA has been in the same Economic situation as Australia. ‘Made in America’ could not compete against ‘Made in China.’ Over this 40 years, imports from China have created the Financial Crisis in America with National DEBT of $US36+Trillion.
All aspects of life, including the Politicians, in Australia are controlled by Communist China, so no Australian Government will implement 2% LIBERTY TAX.
The solution for you to SAVE Americans and America is to research and implement 2% LIBERTY TAX ASAP.
Kind regards
Derek Smith CA