Is It Possible to Raise Revenues While Lowering Taxes and Not Cutting Spending? Yes, Only With A Shadow Tax!
NEW YORK, Nov. 11, 2013 /PRNewswire/ -- Creating a Shadow Tax in the US would cut through party lines, dramatically increase government revenues, and increase gainful employment. Partisan bickering and confusion has led to the Great Recession and recently a government shutdown. Both sides have elements of truth and elements not based in reality. One side demands fewer taxes because they don't support some government programs. The other side demands higher taxes in order to pay for programs they think are important.
A Shadow Tax happens when a government requires its citizens to spend a certain amount of money locally. In essence, the tax burden is passed onto the person being paid for either goods or services. Or in other words, a Shadow Tax is a tax payable to the people. This creates a tangible flow of wealth, creates jobs, and increases tax revenue.
For example, there are trillions of dollars hidden overseas for tax purposes. Consider what would happen if exactly one trillion dollars were reintroduced into the system. Let's say that we require that the tax dodgers spend sixty cents on every dollar they have overseas here in America. They can buy almost anything they want, as long as they buy it here. Some will buy gold, diamonds, real estate, and so on. This means that six hundred billion dollars will be spent on goods and/or services in America. That would instantly create hundreds of thousands of jobs. Also, there would be at least a hundred eighty billion dollars in instant tax revenue, if the tax rate is 30%. The sellers of goods and services will pay the taxes.
The new website http://www.ShadowTax.com, by Daniel Gray, details a number of simple solutions for addressing the current budget impasse. He recommends a modified version of the infamous Trickle-Down Economics. Tax rates should drop and an effective Shadow Tax would make up the difference. Also, he suggests a real-time tracking system to make the Shadow Tax even more viable.
In addition to a practical application of Trickle-Down Economics, Daniel Gray recommends a simple solution to strengthen our banking sector. If we give ordinary citizens the leverage that banks are allowed, then we all can take part in the financial process. Doing this, Daniel says, would cause a complete economic recovery within ninety days!
Creating a Shadow Tax, a real-time flow of wealth tracking system, and allowing citizens to direct their own wealth are the keys to long-term growth and prosperity. ShadowTax.com was created in order to shift the political conversation towards agreement before the next potential government shutdown. The next manufactured crisis could be our last.
Contact:
Daniel Gray, Phone: 917-841-1250, Website: http://www.shadowtax.com, Email
Read more news from Daniel Gray.
SOURCE Daniel Gray
Share this article