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Council Tax Reform

The Editor, The Times, London

2 April 2005.

Dear Editor,

If the Government knew how to finance its ambitions, without imposing penal levels of taxation, we must assume that the Government would do so.

Therefore if we could get the Government to understand, how to acquire the requisite finance, without robbing us, we must assume that the Government would do so.

If we cannot make these assumptions, then we know we have a stinking rotten government.

Our first task in helping our Government to understand how this can be down, is to understand for ourselves, how it can be done. Obviously that will be difficult, because we have needed better understanding for nigh on 300 years. In 1694 the King was having a private war with France and he ran out of money to pay his troops. Bankers came to the King and offered to let him have all the money he needed, on condition that the King gave them permission to make the money. The King gave his permission and the Tonnage Act of 1694 was passed by Parliament.

The Tonnage Act makes it legal for financiers, such as bankers, to create and issue new money as credit.

Bankers still enjoy that privilege, but the privilege was lost to the Government.

Billions of new pounds have been borrowed into existence since 1694, not only by the Government, but by ourselves personally.

We personally owe over £1000,000,000,000 and pay interest on all that money.

Our Government owes that amount of money many times over, and we taxpayers pay over £33 billion each year on interest owed by the Government. We are looking at really serious amounts of money, borrowed into existence at vast expense.

If we scrapped the Tonnage Act of 1694 and returned to our Government, the sole right to create and issue new money and explained to the Government how to do so correctly, without causing inflation and also explained to the Government how to spend all that new money wisely and well, Council Tax could become history in 2005.

All we have to do, is take the trouble to understand this briefing.