The National Economic Stabilization and Recovery Act

[Taco John]

I was surfing around Wikipedia when I came across this website and thought it was pretty interesting, and thought I'd share. The claim that this reform act would double the standard of Living in America sure caught my eye...

http://nesara.org/bill/index.htm


NESARA—A Proposed Bill

Monetary and fiscal policy reform that will double the standard of living for every American within one generation and restore economic and social prosperity across the land.


We must replace current monetary and fiscal policy with systems that benefit all, not just a favored few.

What people urgently need is a plan, a simple strategy to attack a multitude of troubles, perhaps the one offered at this web site. We introduce to you The National Economic Stabilization and Recovery Act (NESARA).

The sponsors of this web site offer a new perspective about money and specific proposals for replacing the nation’s outdated monetary and tax policies, all designed to benefit you.

This plan calls for general prosperity without sacrifice, not some complex redistribution scheme contrived as patronage for Washington power brokers and special interests. Best of all, the solution is written in plain language, not legalese.

The bill offered at this web site, The National Economic Stabilization and Recovery Act (NESARA) provides those reforms.

[Rausch]

I'm all for the "fair tax" but it has about as much chance at getting through congress as a blue-skinned Libertarian...

[Taco John]

Dammnit... Looks like I posted this in the wrong forum...

[yoswif]

I like the monetary reform but the fiscal reform falls well short of what is possible and practicle. Any tax code that does anything other than raise revenue disrupts and distracts individuals and businesses in making responsible long term economic plans. Which produces inconsistent and insufficient long term revenue flows for governments.

In a free market economy, the most efficient and least intrusive means of raising revenue would be a tax on money transfers to and from banks or other similar institutions. The only information the government needs is an account # and the amount of the transfer. The cost of information recovery and storage would be practically nil. With only two numbers to look at, enforcement would be pretty simple. Compliance would be as easy as balancing your checkbook.

[whoman69]

I like the monetary reform but the fiscal reform falls well short of what is possible and practicle. Any tax code that does anything other than raise revenue disrupts and distracts individuals and businesses in making responsible long term economic plans. Which produces inconsistent and insufficient long term revenue flows for governments.

In a free market economy, the most efficient and least intrusive means of raising revenue would be a tax on money transfers to and from banks or other similar institutions. The only information the government needs is an account # and the amount of the transfer. The cost of information recovery and storage would be practically nil. With only two numbers to look at, enforcement would be pretty simple. Compliance would be as easy as balancing your checkbook.
Wouldn't be easy for those with multiple and international accounts in different locations.

[Taco John]

Has anyone else read through this thing? This thing is wild!

[yoswif]

Wouldn't be easy for those with multiple and international accounts in different locations.

I didn't know U.S. tax law applied outside the U.S. If the stress gets to be to much, hire a bookkeeper.

I would hope to curb speculative, short term investments by taxing large currency transfers.