The first step in solving America’s problems is a reset.
Politicians in the 1930’s misclassified taxes associated with workers as business expenses. Politicians assessed the taxes, businesses paid them, and didn’t receive full credit for paying them.
This resulted in the government overtaxing the businesses.
Government has increased the national debt, on average, approximately 412.5% every 18 years. That’s overspending approximately 22.92% every year.
On June 30, 2024, the national debt was approximately 34 trillion 630 billion dollars.
If we divide that by 22.92 we get over $150 trillion.
The $150 trillion is a combination of legitimate taxes and overtaxing.
If the over taxation averaged, say, 20 percent, we divide $150 by 1.2 and we get the correct tax of $125 trillion. $150 trillion minus $125 trillion leaves us $25 trillion in over taxation.
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Since 1798, the Supreme Court has only applied ex post facto laws to criminal law, not civil law. This is civil law.
So, we retroactively cancel those taxes and the associated spending and overspending. Reset the books. Bring the $25 trillion value forward and pay down the national debt $25 trillion.
They also taxed workers, who don’t create net income for themselves, income tax.
Payroll is about 15% of a company’s expenses and $150 trillion times 15% is $22.5 trillion.
$25 trillion plus $22.5 trillion would pay off the national debt and leave money available to transition Social Security into private accounts in private trusts with oversight by the Social Security Administration.
