Dear President Donald Trump.
Australia the ‘Lucky Country’ and Australians the ‘Lucky People’ are badly managed and abused by incompetent Politicians, Bureaucrats, Economists and Media, creating foreign ownership and control, in particular by Communist China and the BRICS Nations, which threaten the Freedom and Democracy of Australians in their own Country. This is the history of the past 50 years and is a direct outcome of EXISTING TAXES on Employment which make Australian workers Globally uncompetitive, also on Australian businesses and the goods and services they produce so that what was Made in Australia in the 1970s is imported from Communist China and the BRICS Nations. These imports from Communist China have funded the development and expansion of China to Super-Power Status, and with BRICS now threatens the Economic and Financial balance of the World and the Freedom and Democracy of the People.
Mr President, I suggest the above is the same for America and Americans in their own Country.
The purpose and intent of 2% LIBERTY TAX is to –
- abolish and remove EXISTING TAXES from the cost of Employment, the business that employ Australian workers and the PRICES of Australian goods and services they produce, so that ‘Made in Australia’ replace imports.
- increase the purchasing power of Australians’ existing take-home-pay, pensions, super and savings to raise the living standards of all Australians and to pay off personal and business debt.
- give all Australians the opportunity and financial incentive for wealth creation to buy-back Australia, by replacing EXISTING TAXES with only a single simple 2 cents in the dollar LIBERTY TAX on all Open Market Value of All Changes Of Ownership (ACOO).
- fully fund Government with 2% LIBERTY TAX, to provide to all Australians the free health, education, social security, personal and property protection, National defence and to pay off National debt so that Australians can live in PEACE in their own Country.
- have ALL including multinational corporations, religious bodies, visitors to Australia, governments pay 2% LIBERTY TAX on the Open Market Value (no transfer pricing) of All Changes Of Ownership into, within and out of Australia to enjoy the Freedom and Democracy of Australia and the friendliness of Australians.
Once you understand the above, I think you will see that the research and implementation of 2% LIBERTY TAX for Americans and America must be your first priority.
The following is the narrative of a 2% LIBERTY TAX Australian Federal Government Annual Budget that fully funds Government as in (4) above
2% LIBERTY TAX Australian Federal Budget for 2024 – 2025 – $ABillion
Total Government revenue – 711
Less: Taxes to be abolished and taken off PRICES of goods and services –
Sub total – A – 670 – 94% of Total
GDP in $A2,804Billion – and TAXES to be taken off goods and services is 23.9% of GDP.
Total Government expenses – 735
Budget deficit – 735 less 711 = 24
Government expenses reduced by removing EXISTING TAXES and
adding 2% LIBERTY TAX to ACOO
Government Programs for Health, Education, Seniors, Job Seekers, Public
Sector-Super etc.- 633 plus 2% LIBERTY TAX – 13
Total Government Expenses less Existing Taxes plus 2% LT on ACOO – 646
2% LIBERTY TAX on ACOO of not less than $A50,000Billion is – 1,000
Other Federal Government Revenue is – 78
TOTAL REVENUE – 1,078
Less: GOVERNMENT EXPENSES AS ABOVE – 646
2% LIBERTY TAX FEDERAL GOVERNMENT BUDGET SURPLUS – $A432Billion
TOTAL AUSTRALIAN GOVERNMENT DEBT – see Debt Clock – $A2,050Billion can be paid off in less than 5 years,
Significantly ALL Australians can have the opportunity for wealth creation, with less financial reliance on Government, to create the wealth to buy-back Australia and be FREE in their own Country.
Kind regards
Derek Smith CA