#44 20 8998 6372 - phone Michael to learn how Collateral Revenue™ works. email mikinvent@aol.com
What is the cause of and cure for recession?
The cause is taxation – no free trade! The cure is restore free trade with no tax & 20-fold Collateral Revenue!
Collateral Revenue supplants regressive income tax, with 20 times greater revenue
Income Tax an abuse of human rights has led to economic collapse of UK, US & europe.
Caution: Unless Anti-Prosperity Income Taxes are ended, economic collapse will continue.
No country can survive on Anti-Prosperity Income (Tax) Revenues - rob the poor.
# Collateral Revenue supplants / excels Income (Tax) Revenues 20 fold.
Common law gives us the right to earn a living. Income Tax is a violation of that right.
What is the best way to cripple a country?
Abolish free trade and rob the poor with Anti prosperity Tax Laws.
Make it a criminal offence to:-
earn a living - fine* - Income Tax.
be employed, self-employed or employ - fine* – Payroll tax, (NIC in UK)
sell good & services - fine* - Sales Tax, (VAT in UK).
make a profit - fine* – Corporate Tax - Billionaires pay nothing.
*Failure to pay the fine is prison – that is the Law in UK, USA & Europe.
Nine Evils of Tax – only losers – no winners!
1. Tax is regressive, unjust and criminalizes us for honest hard work.
2. Income tax is unjust. Poor pay more tax than Multi-Nationals & Billionaires.
3. Billionaire Multi-Nationals’ incentive is no profit, no corp tax and so pay nothing.
4. Corporations who do show a profit are fined 50% in corporation tax.
5. Income tax directly reduces our take home pay & devalues money.
6. Employment tax – NIC inflates employeecost & causes unemployment.
7. Sales tax (VAT) directly cause inflation, killing sales & prosperity.
8. Tax deny our human right to earn an honest living.
9. Sales tax & VAT deny us of our right to free trade – buying & selling.
Tax must be abolished to restore dignity of honest & hard workers.
Collateral Revenue from state owned real estate assets & multi-millionaires has only winners & no losers.
E3
There are 5 flourishing states with no economic problems.
Abu Dhabi, Brunei, Kuwait, Monaco & Qatar all have prosperity & no tax.
Libya had more oil revenue, and lost all when Gadafi’s LSE Phd son introduced income tax.
E4. If tax is abolished where does the state obtain revenue?
Answer- from CDF = Collateral Defence Fee - 5% of collateral £5M+ ($8M+)
paid by rich millionaires, corporations & state – from state owned real estate – UK £15Tn, US $100Tn.
For details click Clear UK Debts & Clear US Debts
E5. Finance Ministers /Advisors are clueless and still use false 19th century economic myths:-
- Inflation is caused by too much money chasing too few goods – false.
- The best cure for inflation is to cause it – increase sales tax & VAT – false.
- The only revenue source is penalising decent folks’ earnings, profits, sales & jobs – false.
- The real rich are those with high income – false. It means billionaires with nil profits are poor.
The word “Collateral” is unknown in any economic text book, nor National Statistics web sites.
For a better appreciation of the Collateral Revenue concept, please click – About Collateral
E6. Today’s economists are as useless as the flat earth ancient astronomers!
They have caused unemployment, deprivation, inflation, recession & budget cuts.
We have had recessions for decades - each new government blames their predecessors.
“If we don’t tighten our belts now, we’ll have to tighted them even more later” – heard that before?
E7. Current Useless Macro-Economists erroneously believe:-
1. The only source of state revenue is tax – rob workers – VAT, NIC, Income Tax & Corp Tax.
This is as primitive as 1st Century Roman Tax Collection & Ancient Flat Earth Astronomy.
Collateral Revenue supplants/excels income tax revenues 20-fold, and everyone is a winner.
2. Prosperity is growth of GDP – Gross Domestic Product – wrong!
GDP is merely the turnover of a company or country, and definitely not a measure of prosperity.
Proof – In the 1970s turnover peaked for Rolls Royce & Laker Airways. Both went bankrupt.
In 2008 the turnover of RBS – Royal Bank of Scotland exceeded the UK budget. RBS went bankrupt.
True economic growth is growth of GNC – Gross National Collateral – greater GNC means greater prosperty.
3. A 19th century myth – “Inflation is caused by too much money chasing too few goods”, so the best way to
reduce inflation is to cause it, by increasing VAT/Sales Tax, & increasing Income Tax reducing money!
With Collateral Revenue Inflation is instantly abolished by abolishing VAT and all taxes
All the above is morally wrong and would not occur with the Collateral Revenue™.
Contact:
Michael V. Rodrigues B.Sc. (Mech. & Elect.) – Inventor & Author
President – Collateral Revenue Institute – a subsidiary of Institute of Inventors – established 1964.
Ealing, London W13 0BZ Phone: +44 (0) 20 8998 6372 / 3540
email mikinvent@aol.com www.collateralism.com
www.instituteofinventors.com www.gigadron.com