ENGINEERING ECONOMIC VITALITY FOR ALL
LET'S BRING AMERICA
How do we
build a nation
that's a better
place to live for everyone?
The answer will surprise you!
The Emerging Kingdom introduces the Financial Freedom Act. It's not a bill before Congress, but it should be!
Sound too good to be true?
When you understand the underlying economics
you'll see it's not only possible - it's inevitable!
Today we tax the $20 trillion per year in income we earn. We should not tax income. We should tax the $7,244 trillion in payments that occur each year instead!
If we taxed payments instead of income, your tax rate would drop to 0.2%. Our nation would have a $2.6 trillion annual surplus, and we could afford the following dividends for all citizens.
How it Works
We could pay every adult citizen in America a basic income of $24,000 per year, which would increase to $30,000 at age 70.
Earned Income Credits
We could provide earned income credits to increase the income of citizens earning less than $30,000.
We could provide free basic healthcare for all citizens.
We could provide a free college education for everyone.
Banking 2.0 funds startups, cuts the cost of mortgages, and brings profit from international finance back home.
Calculate Your Personal Benefit
Use the button below to see how much the act would improve your bottom line.
See How Others Would Benefit
Scroll the slide show below to see how six families fare.
How the Math Works
The table below shows the cost of the above benefits.
The table below shows the new budget with the above benefits. With a 0.2% payments tax, we'd eliminate the need for income and FICA taxes, and we'd have a $2.6 trillion budget surplus.
Scott Smith is the author of The Emerging Kingdom.