THE MAGIC FORUMLA (condensed)
Economics
Definition: Economics is the study of the production, distribution and consumption of goods and services.
The Economic Cycle is
2. Investment
3. Production
4. Consumption
The importance of each is in the order of its occurrence.
Taxes
A tax acts as a penalty for engaging in the activity being taxed.
The Federal Income Tax taxes (penalizes) saving, investing and producing. It leaves consumption undeterred.
The National Retail Sales Tax penalizes consumption. The NRST leaves unfettered savings, investments and production.
Maximum economic growth therefore evolves from a retail sales tax burdened society.
Maximum economic damage is done by an income tax burdened society.
Social Security
Social Security is a massive compelled savings plan.
The Magic Formula Completed
Replace the income tax with the NRST which unleashes economic growth.
Privatizing SS booms that growth with massive savings that impels the economic cycle into action.
