Jim Boswell Blog | Comments From Others | TalkMarkets
Executive Director, Quanta Analytics
Contributor's Links: Globanomics
Author of Globanomics. Jim has nearly fifty years of professional experience in the development of management information and analytical business decision support systems. Broadly disciplined with exceptional experience. Education includes an MBA from the Wharton School-University of Pennsylvania, ...more

Comments From Others

Date: Thursday, June 10, 2021 1:38 PM EDT

I just wanted to let you know that i have been sending my Powerpoint Presentation out in several different directions.  For example, i went through the list of professors at Indiana's Public Administration School (O'Neill School) and picked out those that taught Taxation, Economics, Finance, Public Policy, etc.).  I ended up sending my presentation to about fifteen different professors, individually wrapped.

I have already heard back from one of those professors.  Now what follows is my response to him.

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Thanks for taking a look at my Powerpoint presentation, Denvil.  And thanks for your suggestions.

Whether you believe it or not, this 2.5% Value Tax with a few minor adjustments(e.g., do you include more than just those that fall within the Global 2000 and certain public companies--Mars, for example) is going to happen.

I have thought about the future, and i feel mathematically, the 2.5% rate should be held constant (forever and ever).  

This will generate "surplus" budgets, we will pay off our national debt, then when we are clear of debt, we will use some of these tax funds to reinvest in the Businesses of our choice.

Fairness, hell the people with the "values" pay taxes, those who don't have the "values" don't pay taxes.  Now how fair do you want things?

Market values, roll with the market.  However, the nice thing about market values, is this, we can see them any part of any day we want to see them.  In the 2.5% Value tax situation all we are doing is taking the value at the end of the year.  Hell, you wouldn't even have to fill out a tax form.  You sure would not have to report your income to the Federal Government.  If the Government wanted to know that they could always look at your annual financial reports.

Could this tax be implemented by the end of this year (i.e. seven months)?  I doubt it.  There are too many minor details yet to be worked out, plus it will take time to convince people.

Could this tax be implemented by the end of the year, after this year?  You bet your sweet ass, it could.  And that is when we will have our first new "balanced budget" with probably a little surplus. 

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