Big League Politics
Prominent whistleblower Victor X is calling for a trade and banking plan that may offend some traditional conservatives: increasing taxes on the financial elites.
Victor X, who is currently under asylum and lives with a different name at an unknown location in the United States after exposing a Turkish money laundering scam that put his life in serious danger, believes a radical realtering of the current financial sector is necessary to fund the U.S government and keep America prosperous.
Under his proposal, the federal government would impose a transaction tax of 0.5 percent on all stock trade purchases over $1,000 USD, which would bring in over $75 billion in additional U.S. revenue each year to the Treasury Department. Coupled with the elimination of the income tax, these financial service taxes, as well as tariffs, could fund the legitimate functions of the federal government while restoring economic freedom to millions of Americans.
Victor X is also calling to completely reform the trade taxes that currently exist between the United States and Europe, arguing that the current regime in place is broken and bankrupt. As of right now, there is a general 25 percent duty imposed on goods that are exported from the U.S. to Europe, but conversely, when exporting from Europe to the U.S, the tax system is so byzantine and very complicated to understand without an army of lawyers and accountants at your disposal. This allows well-connected firms to be able to get around a substantial amount of taxes. That tax burden evaded by the elites is ultimately borne by the Middle Class.
An additional solution to fund the government would be to impose a transaction tax of 0.2 percent on each currency exchange into the U.S. dollar, taking advantage of the dollarâs status as the world reserve currency. America must take full advantage of its superior standing in the world, or we will lose that economic power before long. Victor X is calling for task forces, committees, and additional study groups to determine how the financial sector can pay the burden to fix this broken system and resew Americaâs ailing social fabric.
Victor X projects his proposed policies would inject $340 billion in additional US dollars per year into the Treasury Department. These are funds that the country could use to invest in the U.S. infrastructure, clean up destitute and decaying cities, help combat the suicide epidemic among military veterans, and give mental health care to the homeless. The point is not to increase the size and scope of government, but rather to improve the current system and find alternative funding mechanisms that can prevent collapse while lowering the burden on working-class families that are already stretched to the limit…
READ FULL ARTICLE HERE… – Big League Politics
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