Monetary policy cuts taxes

By implementating the ASP Monetary Policy - the government can cut tax revenue by 33% and still have the same expenditure.

Our current monetary system is based on deception and economic slavery. The ASP's policy of "honest money" is not only ethically correct - but it has a significant monetary benefit for all the people of Australia.

When preparing our figures - we prefer to use accurate numbers and not projections or estimates. As such, from the Federal Government we use "final budget outcome" figures, and from the Reserve Bank of Australia we use their official statistics.

2012-tax-revenueFirstly - we look at the actual tax revenues of the Federal Government. Here we reference the Federal Budget for the year 2011-12. The final budget outcome gives the actual tax revenue as being $316.7 billion. This figure is presented in the image on the left.

2012-broad-money-increaseSecondly - we look at the increase in "broad money" for the same period. Here we get the numbers from the Monetary Aggregates spreadsheet at the RBA. The figure is calculated as being $107.23 billion. This figure is calculated and presented in the image on the right.

Doing some basic maths - we see that $107.23 billion is 33% of $316.7 billion. The conclusion is that - if the government created and spent into circulation all this new money of $107.23 billion, then taxes could be reduced by the same amount while leaving all expenditures intact.

If the government exercised its sovereign right to create all money in Australia - our tax payments could be reduced by 33% without any cuts in government expenditure.

 

Monetary Policy cuts interest rates

chicago-plan-revisitedThe Research Department at the International Monetary Fund has produced a series of slides - where they state that if a government creates the national money supply, then the end result will be an increase in GDP by 10%. The reason for this increase in GDP will be due to 3 factors:

  • A reduction in interest rates.
  • A reduction in tax rates.
  • A reduction in monitoring costs.

A number of the slides have been highlighted, in order to emphasise the most important sections. For scholars, this document is worth reading, since it provides the rationale that any country needs to reform its monetary policy for the benefit of its residents.

 

Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands.

President Theodore Roosevelt