Reducing Taxation by Monetary Reform

A viable economy must be capable of growth, otherwise it is dying.  New money is needed to service growth of the economy.

“ I believe that banking institutions are more dangerous to our liberties than standing armies.  Already they have raised up a money aristocracy which has set the Government at defiance.  Issuing power should be taken from the banks, and restored to the people”. Thomas  Jefferson                               

In our ideal monetary system, new money will be used to replace many taxes, which will therefore disappear.  Instead of forcing the citizen to borrow new money into existence, he will be relieved of that burden, when the Government regains the right to create and issue new money by spending new money into circulation. 

PAYE is the most suppressive of all taxes and must be the first tax to be replaced by new money. We can stop punishing people for their contribution to the common good, when they produce goods and services needed for our survival.