Dear President Donald Trump
The US National Debt has just passed $US36 Trillion, up $US2 Trillion for the year.
Total interest is $US1.16 Trillion. In the third quarter 2024 interest payments were 37.8% of TAX RECEIPTS.
Please understand TAXING GDP is long past its use-by-date. It cannot fund the US National Debt.
The only time something has a value is when there is a CHANGE of OWNERSHIP (between a seller and a buyer) at an OPEN MARKET VALUE.
This is the TRUE and EQUITABLE measure of ALL ECONOMIC and FINANCIAL activity into, within and out of a Nation.
EXISTING HIGH TAXES on GDP are TAX SLAVERY because workers pay their TAXES TWICE. ONCE when deducted from their Gross Pay and TWICE when they buy with their NET of TAX take-home-pay goods and services at PRICES which include their TAXES.
The only way you can SAVE America from the BRICS Nations is to implement 2% LIBERTY TAX that can end TAX SLAVERY and FUND the National Debt. The same applies to Australia.
Kind regards
Derek Smith CA