eye will ELIMINATE the debt....
the national debt.... costs each american nearly four thousand dollars per year.... eye WILL eliminate it....
how will eye do it.... you ask....
simple.... if it has not grown too high yet.... eye will be able to pay of the debt by taxing unrealized gains.... at the same rate as the income tax of thirty-five percent....
investors.... have avoided paying taxes for many many years.... if they never sell their investments.... they never pay any taxes....
which is why.... jeff bezos.... paid NO taxes in two years.... and.... he paid one and a half percent tax from two thousand eight to two thousand sixteen....
let us say.... that his investment in amazon stock is worth around two hundred billion dollars.... because he has not sold these shares.... he has not paid ANY taxes on the net gain on his investment.... assuming that he made a minimal investment.... he has AVOIDED paying seventy billion dollars in taxes over the last thirty-five years.... therefore.... by taxing unrealized gains.... at the federal income tax rate of thirty-five percent.... when the policy is implemented.... jeff bezos will owe a one time catch up tax of seventy billion dollars.... assuming his stock increases in value by ten billion per year on average.... in an average year.... he would pay around three point five billion in taxes.... but.... because.... he has held on to his stock for thirty-five years.... he has avoided paying seventy billion.... and.... when the policy is implemented he will owe the seventy billion that he has avoided over that thirty-five year period....
and... all investors have avoided paying taxes.... by not selling their assets.... many of them have avoided paying taxes for many decades.... so.... when the tax is initially implemented.... all of these investors will have to pay a one time catch up tax.... and.... eye do NOT know the exact amount that will be raised.... but.... eye do believe that it will be in the tens of trillions of dollars.... and.... it is quite possible.... that it will be enough to pay off the national debt....
and.... once paid off.... eye will implement a policy of NO national debt.... eye will NOT allow this country to BORROW against future generations anymore....
this IS an extremely low risk management practice.... if you have NO debt.... you CANNOT go into bankruptcy.... the country CANNOT become bankrupt....
and.... bonus.... the interest on the national debt is costing us around four thousand dollars per year per capita.... and.... around ten thousand per year per household.... when you eliminate the national debt.... this burden on every american goes away....
NOW....
can you imagine.... a world WITHOUT debt.... without any debt....
there is currently over eighteen trillion in household debt in the united states.... over one hundred thousand dollars per household....
and.... the interest on that debt.... assuming around five percent interest rate.... is around five thousand dollars per household.... if you eliminated household debt somehow.... you would give every familly five thousand extra dollars per year.... to spend on something of real value....
finally.... there are two million people working in the banking industry.... if you created a world without debt.... these two million people could be doing something else.... they could be doing something MORE productive.... they could be doing something of REAL value....