Some high-ranking economists, along with some elite-class political heavyweights, are carbon tax true believers (WSJ – Jenkins, 11-15-17).  The list includes the likes of Kevin Haslet, Greg Mankiw, James A Baker, Henry Paulson, George P. Shultz, Martin Feldstein, Mitt Romney.

The narrative goes like this: “The virtues of a carbon tax are not in dispute.  It’s a way to raise money that doesn’t weigh on incentives to work, save and invest.”

In truth, new carbon tax government revenues would simply supply fresh new resources to feed the insatiable appetite of a spend-happy U.S. government.

It would do little, if anything, to restore fiscal sanity within the walls of Congress.  It would do nothing to set America back on course for a sustainable, financially-sound, low-debt future.

America needs less government control, not more.  We need a citizen-driven economy and free markets, not a government-centric economy with shackled markets and central planning imperatives.

A new carbon tax would increase financial stress and further impair the monthly balance sheets of millions of American families.  It would do nothing to seriously strengthen growth in real disposable household income.

It would do nothing to cast off the shackles of government control and free the U.S. marketplace for vigorous, long term economic growth and brighten the future of American families with true economic liberty.

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Consider this critical point regarding America’s massive debt burden:  Every month hundreds of billions of dollars are obligated to servicing debt.  This massive, never-ending debt-service obligation, including household debt, credit card debt, corporate debt, and government debt, exerts a suffocating effect on economic growth.  It does nothing to enhance government tax revenue flows. In fact, various forms of debt are even tax deductible – thereby lowering potential tax revenue flows.

Household and Non-financial Corporate Debt has recently reached the $47 trillion mark.

Total Household and Non-financial Corporate Debt ($Trillions)

There is one economic acceleration plan in America with the power to get America back up on its feet again.

The Leviticus 25 Plan would eliminate massive amounts of debt across America and generate tremendous growth in government tax revenue flows (federal, state, local),  producing $1.02 trillion annual budget surpluses at the federal level for each of the next five years.

The Leviticus 25 Plan would provide massive debt elimination for millions of American families. It would relieve financial stress and restore financial health for families all across America.  The social benefits would be incalculable.

It would generate electrifying financial benefits to small businesses all across Main Street America.

The Leviticus 25 Plan would reduce the scope of government control over the daily affairs of U.S. citizens.  It would restore economic liberty for all America.

It is time to move.  There is no other plan in America. Period.

The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens.  It is a comprehensive plan with long-term economic and social benefits for citizens and government.

The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2576) 

“He who will not apply new remedies must expect new evils.” – Sir Francis Bacon

The U.S. Health Care Freedom Plan is a dynamic health care initiative with the power to restore citizen-centered health care for America.

The U.S. Health Care Freedom Plan grants a substantial initial deposit, $25,000 per family member, into a participating family’s Medical Savings Account (MSA). This robustly-funded MSA would make it possible for families to pay cash for their day-to-day, primary care healthcare needs over the course of the initial 5-year plan period.

Cash payments for day-to-day health care needs would give patients the freedom of choice in choosing their providers, taking greater ownership in their healthcare decisions, and avoiding unnecessary red tape and delays in treatment.  It would avoid penalties families might otherwise pay — for not doing things, precisely, according to government mandates.

The U.S. Health Care Freedom Plan would eliminate massive amounts of administrative costs and bureaucratic overhead.  It would allow American families to tailor their spending according to their individual needs, rather than requiring costly coverage in areas that are irrelevant to their needs.

It would provide millions of Americans (those left “uncovered” by the current health law) with access to primary care – without expanding Medicaid.

Cash-paying customers would open the door for countless new efficiencies to be woven back into the system.

It would be a welcome development for nearly all providers.  Instead of turning patients away, due to unacceptable reimbursement rates, they would find ways to appropriately accommodate patients in this newly energized system.

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Our current big government program is a massive, inefficient, bureaucracy-driven quagmire…

Columnist Holoman Jenkins, Jr., WSJ  9-25-13:

“Our point is that when Washington legislates on a grand scale, it sets in motion a game whose long-run outcome nobody can predict.  

ObamaCare, to be sure, was not reform—it was a piling on of subsidies that can only throw fuel on the fire of health-care inflation. Not even the usual mouthpieces pretend otherwise anymore.

But a society can’t give a subsidy to everybody for the same reason you can’t give a subsidy to yourself—you end up paying for your own subsidy and aren’t better off.  In fact, you are worse off thanks to the administrative overhead involved in taking money away from you and giving it back to you.      

You are also worse off because of the perverse incentives engendered by diverting yours and everyone’s health-care spending through a common pot. 

These pathologies have undermined U.S. health care for two generations, and nothing has been solved, nothing has been fixed…”

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The U.S. Health Care Freedom Plan

It is time for a new strategy – that puts citizens back in charge of their health care resources and decision-making..

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The U.S. Health Care Freedom Plan is the only comprehensive, citizen-centered health care plan in America.  It ‘resets’ the health care industry to present a clean, efficient and responsible system.  Most importantly, this plan restores individual freedom and liberty for all participating Americans.

The Plan:

1. The U.S. Health Care Freedom Plan is available to each and every U.S. citizen – with no coverage mandates. Each U.S. citizen who wishes to participate will be granted a full and complete exemption from the ACA.
2. This plan offers freedom of choice and equal justice for all. Those Americans who might wish to stay with the ACA may stay (‘If you like your ObamaCare, you can keep your ObamaCare’).
3. Each participating U.S. citizen shall receive a credit extension, through a special Federal Reserve Citizens Credit Facility, of $25,000, electronically deposited into a Medical Savings Account (MSA) – for direct allocation toward family health care needs.
4. Private insurance – Families shall be allowed to enroll in high-deductible ($10,000 – $15,000) major medical plans, to include basic, ‘no frills’ medical plans which best suit their individual needs and desires. These streamlined plans would lower premium costs for employees and employers, encouraging employers to cost-share savings with employees through incentive-based employer MSA contributions.
5. Policies would not be automatically loaded with expensive government healthcare mandates.
6. Those with extraordinary medical issues may be included in a high-risk category, with such plans being eligible for a government subsidy (similar to current Medicare Advantage).
7. Federal / state programs – Individuals enrolled in Medicare / Medicaid / VA / TRICARE / FEHB programs would maintain their covered status, with an annual deductible of $5,000 per year per enrolled family member, for a period of five years for those benefits. The dedicated MSA funds would fully fund the offset for the higher ($5,000) deductible feature for that five-year period. MSA funds could also be used to pay Medicare supplement premiums and other potential co-pay obligations.
8. Where health care services paid by patients directly with MSA funds, providers would not be bound by federal / state rules pertaining to Electronic Medical Records (EMRs), and other unnecessary administrative burdens.

Benefits:                                                                                 

Lower health care costs – With the elimination of millions of minor insurance claims across the nation over the course of each month, system-wide efficiency would improve, medical costs would drop significantly, and the direct patient-provider relationship would be restored. Medical professionals would not have to answer to HMOs, insurance companies, or government agencies in providing basic day-to-day healthcare access for their patients.

Scoring – if 300 million U.S. citizens were to participate in the plan, the total dollar transfer into family-based Medical Savings Accounts (MSAs) would amount to $7.5 trillion.

The potential cost savings from the $5,000 deductible provision for the approximate 150 million people currently enrolled in Medicare (55 million), Medicaid (72 million), VA (6.16 million), TRICARE (9.5 million), and FEHB (8.2 million) would amount to just  under $3.75 trillion over the first 5 years (or, one-half the $7.5 trillion initial roll out cost).

Summary:

This plan would generate trillions of dollars in cost savings from streamlining, vastly improved efficiency, and reductions in waste and fraud.

This plan would improve quality and ease of access to health care for all participating Americans.

 For patients: It would dramatically lower the cost of health care, while improving quality and access for all who chose to participate.

 For providers:  It would restore the patient-provider relationship and significantly reduce massive cost and time burdens imposed by a centralized system.

 The U.S. Health Care Freedom Plan an integral part of a larger, comprehensive economic plan:

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2570)

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Notes:

Exemptions:                                                                                         ObamaCare currently offers hardship exemptions for individuals who have a recognizable inability to pay for a plan or pay the penalty. The ACA also currently offers exemptions from certain provisions within the health care law, such as the reinsurance provisions, for various union organizations.

And certain U.S. Territories are exempt from specific ACA measures: The Hill, 7-17-14:  “Insurance companies in Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands and the Northern Mariana Islands are no longer required to implement a number of ObamaCare measures such as the community rating system, a single-risk pool, the medical loss ratio or guaranteed benefits.”

Administrative costs – bureaucracy:               

The Federal government has spent hundreds of billions of dollars to construct the monstrous ACA ‘machine.’

Billions of dollars have been spent on the roll out costs, insurer subsidies, management, monitoring, advertising, technical ‘fixes,’

There will be hundreds of billions of dollars yet to come with legal costs/prosecution, audits, regulatory costs/burdens, and much, much more.

September 2012: “QE3 – Pay Attention If You Are in the Real Estate Market” by Catherine Austin Fitts

Excerpts:

[Note:  The Mortgage Electronic Registration System (MERS) is a private company that electronically tracks and records ownership and servicing rights of mortgages across the country.]

“The Fed is now where mortgages go to die. Thousands of mortgages on homes that do not exist or on homes that have more than one “first” mortgage are now going to the Fed to disappear. Thousands of multifamily and commercial mortgages will be bought up as well. As this happens, trillions of dollars that have been amassed offshore will be free to come back into the US to buy up and reposition land, farmland, residential and commercial real estate and other tangibles.”

With documents shredded, criminal liabilities extinguished and financial institutions made whole, funds can return without fear of seizure.

QE3 proves beyond any shadow of a doubt that the extent of the fraud was as bad as I said it was. You can count up the bailouts and QE1, QE2, QE3 the numbers speak for themselves. The fraud was indeed in the many trillions of dollars. It was intentional. It was a plan.

Now, the $64,000 question for those whose house is underwater or whose mortgage is in default is whether or not you still owe on your mortgage.  Certainly, you still do as a legal matter.  If the bank has been paid off, arguably in some cases several times, why not you? Let’s see if Fannie, Freddie and the big banks are under orders to quietly pass through a portion of their largesse to troubled homeowners in amounts sufficient to unfreeze the market. If you are in a workout situation, you need to take notice. If enough mortgage write-offs flow through, the Democrats will quickly amass a lock on the elections in November.

If you are in the market to buy a home or other real estate, you also need to pay attention – a major turn is now underway. Watch to see how much the banks pass through to homeowners and property owners to see how fast and big the turn may be. Watch to see the inflow of funds from offshore. This is not only funds returning but investors around the world looking to exchange their dollars for tangible assets to protect themselves from debasement of the dollar denominated deposits and securities they hold. Watch to see what the renegotiation of federal tax policy and the reengineering of the federal budget in response to the “fiscal cliff” do to reposition housing and real estate prices and cost of financing for an inflow looking for large accumulations.

Finally, the way the Fed has engineered the Slow Burn to date is to continually offset monetary inflation with labor deflation. It is worth contemplating how much labor deflation will be required to offset QE3 and how sufficient additional labor deflation might be engineered. Ben Bernanke was quite clever to tie QE3 to unemployment. The problem has become the solution, which is the basis for QE-Infinity.”

About the Author
Catherine Austin Fitts began her career on Wall Street and eventually rose to managing director and member of the board of the firm Dillon, Read & Co. Inc. In 1989, she was appointed Assistant Secretary of Housing – Federal Housing Commissioner in the first Bush administration. Following this appointment, Catherine became president of The Hamilton Securities Group.

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Again… “With documents shredded, criminal liabilities extinguished and financial institutions made whole, funds can return without fear of seizure…. The fraud was indeed in the many trillions of dollars. It was intentional. It was a plan.”

The Fed buried trillions of dollars in fraudulent real estate loans on its own books, and in the process ‘relieved’ major banks and insurers of massive financial liabilities and erased the trail of criminal enterprise.

It is now time to “retarget” liquidity infusions to upgrade the financial health of U.S. citizens.

The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens.  It is a comprehensive plan with long-term economic and social benefits for citizens and government.

The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.

The Leviticus 25 Plan 2018 –  $75,000 per U.S. citizen

The Leviticus 25 Plan 2018 (2559)