Gallegos Presentation

I’m here to show you a single policy that will resolve the three most chronic and sticky problems with modern economies, whose benefits are so great and universal and hence such a political winner that, if effectively communicated, won’t even need the stupendous funding political campaigns now require because its So incredibly beneficial for EVERYONE, and last but not least it could enable a sorely needed psychological evolution of the general social mood and even reverse the decline of the republic. I know these are grandiose claims, but I stand by them.

I hasten to say that there is an entire stabilizing policy program that attends this single policy, but the one I’m focusing on today is the very expression of the new key monetary and economic paradigm concept and, as I will also demonstrate, is the same concept whose beneficial effects have always been the aspect or aspects of every historical paradigm change.

Ok. So what are the stickiest problems I referred to? #1 chronic erosive inflation which #2 diminishes everyone’s purchasing power and #3 big ticket/asset prices that require private financing also go up which eventually de-stabilizes the economy…which enlightens the fact that PRIVATE individual and corporate debt is the problem NOT government debt which the treasuries that fund it we know is actually an investment that is a payment to the private sector.

Now how do the banks and the government create new money? By no other means than using the accounting operations of equal debits and credits that sum to zero. In other wprds they open a new T account and say: “Okay here is your $1 million dollars, oh, and by the way you OWE us a debt of $1 million dollars plus the interest on the loan” The government as I’m sure you know funds any “deficit” between taxes paid and spending legislated via the same accounting operations with the creation of US Treasury bonds.

Ok, what is the single policy that resolves these problems? I call it the 50% Discount/Rebate at retail sale. And the best way for one to see its real world benefits is to simply act out the policy so one sees the realities for both the customer and the merchant.

So you go to Wal Mart and buy $100 dollars worth of groceries and state, county and city sales taxes make the total of the bill $109.90. (This is another benefit for the Discount/Rebate policy which is that the monetary authority not only pays 50% of the price of the groceries it pays for 50% of the sales taxes as well. Wal Mart says okay we’re reducing your bill to $54.95. Wal Mart then books the $54.95 into the T-Accounts titled Total Sales Discounts and Sales taxes and the monetary authority rebates them the daily total of both accounts so they are made whole on their entire price plus half of the sales taxes Wal Mart collects for the state and local governments.

With the $60 EV the price and taxes are reduced by half and the rebate is again the other half. The $66k-$33k = $33k total…but the retail point of your loan is your car payment and the monetary authority pays for half of that total which means the consumer will actually pay only $15k plus half of the total sales taxes for the $60k EV. In the case of a $500k house the consumer ends up only paying $125k plus half of any applicable taxes.

This policy creates BENEFICIAL price and asset deflation, doubles everyone’s purchasing power and consequently the potential demand for every enterprise’s goods and services so it integrates the self interests of both merchant and consumer and makes it Christmas every day and even multiple times per day with a gift of price which in the healthy and smart person should evoke gratitude. Serendipidously, the greatest benefit of this policy is that its the greatest opportunity to self actualize gratitude since meditation and prayer. Visualize the potential social and psychological benefits of that.

Rebuttals and other policies and regulations: 1) Permanent 2% per annum inflation rate allowed after which all inflations are taxed at a rate of 100% and also Discount is indexed to computed comprehensive honest rate of inflation. 2) New Deptartment of Innovation, Competition, Boycotting and The Public’s Bully Pulpit 3) $1000/mo. universal dividend at age of 18 for entire adult life, 4) Job Guarantee and new acculturations of positive purposes including employment 5) After first two years of post secondary schooling grace period universal dividend is reduced by half ($500/mo. if individual does not average 20 hrs./wk of employment for 5 years and when 5 years of part time employment is accomplished full $1000/mo. dividend is re-established 6) Sliding scale of gifted money taxed and placed in 6% eco-energy R & D Treasuries and for new and updated Infrastructure. (mitigates excess consumption and is still a gift, just a gift of investment) 7) Dividend enables us to eliminate payroll taxes for welfare and unemployment insurance 8) income taxes are able to be reduced as inflation is terminally resolved 9) sliding scale based on annual income of reduced retail discount with earners over $1 million receiving only a 10% discount.

New monetary paradigm fulfills every signature of accomplished paradigm change

Natural philosophical concept of grace is the concept behind every historical paradigm change

Concept of the mega-paradigm change

Fallacy and fetishism of “free” market theoretics and how the monetary paradigm transforms the chaotic unworkability of that framework into a more stable, abundant and free flowing economic system with known and enforceable barriers.

It actually greatly expands and stabilizes the market for finance because how many more people will now be creditable and with the increase in purchasing power even want to own multiple homes for which the banks will receive the full interest on their loan of $250k? (Mention current monopoly paradigm wielded by the banks is parasitical as it is always either post retail sale or pre-production.)

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