The Restoration Plan

America is supposed to be the land of the free and the brave, yet, Americans are tax and debt enslaved by the Government of the United States (GUS), and haven’t voted for real change in 100 years. President Washington warned America of concentrated political power while Tocqueville indicated America’s greatest strength lies in her ability to heal herself. The DNC and RNC have tax and debt enslaved Americans, comparing a 3% revolutionary tea tax to a modern 37% income tax, and 4m slaves in 1860 to 54m man years of tax slavery today. The national debt enslaves Americans to $1.5T in annual interest payments. The $40T national debt increases through deficits causing inflation as a transfer of wealth from the people to government by devaluing the currency that devalues wages, pensions and savings of the people. The income tax overly burdens Americans leading to increasing personal debt as the national debt raises interest rates, debt enslaving Americans. As the debt/GDP ratio approaches 1.25, the country faces monetary collapse and societal implosion, as the rancor and vitriol goes parabolic. 

The liberty and freedom restoration plan is to eliminate income taxes, the national debt, the FED and federal socialism to restore our liberty and freedom. The Bank of the United States (BUS) issues USD greenbacks and is mandated to maintain zero inflation to stop GUS theft of citizen purchasing power. The national debt is eliminated by a currency translation from FED FRNs to BUS USDs. The FED is replaced by BUS so that Americans own the GUS central bank. Federal and state income taxes are abolished and replaced by state collected business sales-revenue taxes that are shared with GUS. Federal social programs are rolled into state social programs, eliminating duplication and waste. Thus, the 50 states become sovereign over taxation and social services restoring constitutional limited federal governance. During disasters, states may buy FEMA stores and borrow USDs from BUS so that states become responsible and accountable for state disasters and disaster prevention.

Congress sets a tax rate on state, county, city and local government collected revenues to fund GUS. The BUS is prohibited from acquiring debt. All state debts are transferred to BUS bearing interest payments by the states to BUS. States may only borrow USDs from BUS so that all state debt interest payments support GUS operations. BUS fluctuates interest rates to maintain zero inflation. BUS monetary control offers sound monetary management and provides a stable currency as a medium of exchange for private and business use and commerce. GUS taxation and social services are eliminated by transfer to the states for avoiding duplication and waste in the first instance and creating in the second instance taxation and social service competition between the 50 states for improved efficiency of both. 

Businesses have never effectively paid any tax whatsoever, because business taxes are always passed onto the consumer. When an individual consumes, a portion of the sales price is passed through businesses to the tax collecting states. Thus, all effective individual taxes are voluntary, by personal decisions to consume, serving to promote freedom, income, productivity and conservation. Any productivity gains of a business goes directly to profits promoting income, productivity and conservation. Thus, it is the consumption of goods and services that are actually penalized for individuals and businesses promoting conservation, productivity and the efficient delivery of services and production of goods. As individual are not taxed for their income, including salaries, wages, tips and capital gains, and are voluntarily free to buy and invest as desired with natural discernment, individual freedom and purchasing power are promoted. Businesses are not penalized by taxation for making profits and income thus promoting more income and profits. Conspicuous consumption, inefficient services and inefficient production are penalized while profits, income, freedom, productivity, jobs, labor, investments, wealth, and conservation are promoted, thus promoting the most efficient economy possible.

Tariffs are set to (imports – exports)/imports to remove trade imbalance for promoting balanced, free and fair trade. Trade deficits promote unfair trade practices. Unilateral reductions in tariffs promotes unfair competition, trade imbalances and decreased national prosperity. Trading partners reduce US tariffs by increasing purchases from the US so as to balance trade, to reduced tariffs and promote balanced, free and fair global trading, under negative feedback control. The tariffs are paid voluntarily by choice by the public purchasing foreign made goods. The public by choice can buy American to avoid paying the tariffs. It’s effectively a sale tax on purchasing foreign goods. It’s a negative influence on unfair trade practices and trade imbalances degrading national jobs, businesses, and national prosperity through trade imbalances. The purpose here is to reduce tariffs gradually over time while promoting global free, fair and balanced trade. It’s the only way to reach global free and fair trade, the primary objective. With the onset of deglobalization, the US industrial footprint will dramatically increase elevating GDP and national prosperity while reducing supply chains and vulnerabilities to foreign supply chain disruptions. The tariffs further promote repatriation of supply chain businesses to further increase GDP, national prosperity and national security.

A unity government will be had where Democrats focus on Taxation, Education, and Social Services, Republicans focus on Balanced Budgets, Oversight, and Deregulation, Greens focus on conservation, Independents focus of Corruption and Waste, and Libertarians focus on Liberty and Freedom, all five parties standing shoulder to shoulder, under the Stars and Stripes, to heal the country and restore liberty, freedom, and constitutional limited governance.  

Derrick Michael Reid BS JD ESQ PTO will end: income taxes and filings; the FED and FRNs; federal socialism; the national debt; wars; entanglements, and political divisiveness, and will unite the country.