Scott Robert
2 min readJun 13, 2021

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It's right under our noses. Lets all do the math. The US Federal Reserve which was authorized by Congress in the "Federal Reserve Act of 1913" gave private bankers control of the word monetary system (the US dollar is still the worlds fiat currency, for now). We can argue this or the country can profit from it. The Fed processes approximately $31 Trillion dollars per day in transactions. A one line amendment to the 1913 act, taxing the fed one (1) single Penney Per Dollar Transacted or 1%, would bring in Trillions per year to the US Treasury. A 1 Penney Franchise Tax for the PRIVELEGE to control our money supply. It is our money. The Fed is presently inflating markets with unlimited stock, bond and commodities purchases all for their corporate masters. We need to change that dynamic. They can pay their fair share to the country. To my knowledge the Fed pays no taxes. And if you think the Federal Reserve makes less then a penny on each transaction, get out from under the ether. This very rough math and the reality is that a single dollars may go though the fed more the once per transactions. We would only tax each dollar once per transaction. Of course, their are economic implication that are above my pay grade. Money supply, inflation, cost of living, employment (service and transportation will be automated and 40% of today's jobs will be gone before the end of the decade). This concept scares economists so much that I could not even find a US based economist to do this research and I don't blame them, the Fed is POWERFUL and not afraid of making you a ghost. However the basic premise is sound! The actual numbers will be astronomical and could easily pay for our entire annual budget, completely pay off our entire national debt, Provide Cadillac Healthcare for every American and eliminate income and use taxes. Even the wealthy will benefit as taxes and the other economic advantages they spend lavishly to lobby for will have no need. A Liberty Dividend for every living American is within our reach. It would provide the US, the capital to change the world, lead the world in charitable statecraft, stamp out poverty, eliminate pandemics before they start, hammer climate change to death and anything else worthwhile you can imagine. If not a full penny, maybe the Fed would be so gracious as to give up a half Penney per transaction. Whatever the people can manage to DEMAND, we will get. Check out the Fed daily Transactions: https://www.federalreserve.gov/paymentsystems/fedach_yearlycomm.htm

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Scott Robert
Scott Robert

Written by Scott Robert

Disciple, Guardian of Democracy, Capitalist, Social Justice Warrior, Seeker of Truth and Advocate for the Oppressed.

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