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Before Income Taxes

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Editorial credit: CaseyMartin / Shutterstock.com

President Trump wants to cut taxes for the good of the nation while the Democrats wail “Tax cuts for the millionaires and billionaires!” (gasp)

We say the right cuts will expand the economy and enable America to better serve the world.  We are only 4.5% percent of the world’s population, but we have produced 50% of all the food in many years.  Our putting 40% of our corn crop into bad motor fuel is starving millions of people.

 

Food is our greatest defense:  Russia will never attack us because we are their “lifeline” when they have crop failures as happens frequently in a country where their grain-growing areas are north of Chicago.  Our grain surpluses keep the world grain price down so Russia can afford to feed its’ people in bad years.  Starving people replace their governments violently and the Russians know that well as it is much of their history.

The Democrats claim “the rich” are cheating taxes by carrying over loss years.  Many projects take more than one year and during that time the property or movie developer has no income.  When his payday comes he has been able to spread the income over the several years it took to complete the project which is fair.  In the progressive system we have a man getting a paycheck has been taxed in year instead the five it took to make the money! Progressive taxes make development more difficult and that is from where most of our jobs come; from our many small developers and producers.

“Unbiased America’s” Kevin Ryan points out, “during the no income tax time we invented the cotton gin, suspension bridge, fire hydrant, refrigeration, Morse code, sewing machine, combine harvester, steam shovel, circuit breaker, vulcanized rubber, jackhammer, safety pin, paper clip, clothes pin, clothes hanger, dishwasher, electric stove, escalator, vacuum cleaner, repeating rifle, machine gun, torpedo, ratchet wrench, rotary printing press, motorcycle, barbed wire, paper bag, tape measure, sand blasting, grain silo, jeans, fire sprinkler, dental drill, phonograph, central heating, microphone, photographic plate, photographic film, carton, cash register, oil boiler, metal detector, electric iron, electric fan, blood pump, solar cell, thermostat, dissolvable pill, skyscraper, mixer, fuel pump, file cabinet, calculator, induction motor, drinking straw, ball point pen, pay phone, stop sign, cereal, smoke detector, tesla coil, rotary phone, zipper, bottle cap, tractor, mouse trap, surgical gloves, muffler, charcoal briquette, remote control, semi-auto shotgun, airplane, nickel-zinc battery, fly swatter, thumbtack, assembly line, safety razor, hearing aid, air conditioning, offset printing press, windshield wiper, automatic transmission, paper towel, paper shredder, headset, autopilot, electric blanket, traffic lights, and much more.”

The US Patent Office notes:  Only one of 1300 US Patents makes more than its’ fees.  Does that mean 1299 of the ideas were bad?  No, it means the capital and business tax climate were not equitable.  Imagine all the new and wonderful things we would have if we were not so highly taxed.  We feel that much of high taxation comes from two elements of the elected ruling class, i.e. The Establishment.  “Money under the table,” corruption and the thirst for personal power.  These are people who want to be applauded wherever they appear.  The last thing they want to be is you or me.

Researcher Dylan Matthews once wrote “Where Does The Laffer Curve Bend” for the Washington Post noting Art Laffer became famous on the idea there is an optimum rate between taxers and payers for an economy to thrive. This is critically important to America as we are only 4.5% of the world’s population, but make half the world’s food, fiber and films.

Matthew’s contribution is that he queried academicians and members of the elected ruling class on the concept. First up was: Dr. Emmanuel Saez, the E. Morris Cox Professor of Economics at UC Berkeley, who wrote:

“The tax rate t maximizing revenue is: t=1/(1+a*e) where a is the Pareto parameter of the income distribution (= 1.5 in the U.S. and easy to measure), and e the elasticity of reported income with respect to 1-t which captures supply side effects. The most reasonable estimates for e vary from 0.12 to 0.40 so e=.25 seems like a reasonable estimate. Then t=1/(1+1.5*0.25)=73% which means a top federal income tax rate of 69% (when taking into account the extra tax rates created by Medicare payroll taxes, state income tax rates, and sales taxes) much higher than the current 35% or 39.6% currently discussed.”

You do not have to be much of a mathematician to tell this is utter nonsense designed to overwhelm. The last thing this guy wants  is for you to understand it.

The optimum taxing rate was known in antiquity. When early scribes compiled the Torah, and later the Old Testament, in the first chapter, Genesis 47:26, they wrote “…that Pharoah should have the fifth part…” The scholars of Medieval Europe learned by experiment and called it, “The King’s Fifth.”  It was the tax code of Europe until Karl Marx declared success evil.

In 1987 I spent three days in a public library translating “The Statistical Abstracts of the United States” into a constant Dollar base for comparison as the inflation we have suffered since President Wilson reducing the Dollar to a penny, if that,  I found the optimum rate is 18.3% by statistical analysis.

When we had that rate our economy expanded 10% to 30% per year. The whole world wants our stuff. Now we are gouged 40% when you sum all taxes and the elected ruling class wants 60%! The result will be a huge decline in revenues, but the elected ruling class will have more through graft.  They dream of the day when on their arrivals we fall to our knees screaming, “We are not worthy!  We are not worthy!”

Government needs to get out of the way and leave it to the people. This is a truth of antiquity, but our elected ruling class is too stupid or evil to want the best for the people. Truth is in the Genesis Curve.”

The opinions expressed in this commentary are solely those of the author and are not not necessarily either shared or endorsed by iPatriot.com.

Adrian Vance

Trained as a science teacher, with eight years classroom experience, he has been writing professionally since the age of 15. He was the youngest person to be published in Journal of the Illinois Academy of Science at 17 as a result of a paper he wrote suggesting a revision in the science teaching curriculum. Publication was accidental as his teacher headed the selection committee and his paper was sent to the printer in error. Nonetheless, it received positive response. It proposed teaching General Science, then Physics followed by Chemistry with Biology in the senior year given the then new molecular focus in Biology. During his college years he worked on the school newspaper, primarily as a photographer and did an occasional feature, some of which caused him to be called to the Dean's office. "You don't like the way we do things here?" was the usual opening remark followed by the expected suggestion. After his third year, exhausted and without direction, he left for one year, but returned, when Sputnik and Admiral Rickover's books documented a crisis in American education. He felt called to teach and completed a B.S. in Physical Science at Illinois State University with a major in chemistry, minor in biology, near minors physics and education. He did graduate work in both Illinois and California completing a California Life Diploma teaching credential in 1962. While teaching he saw many needs and opportunities in educational publishing so he wrote and produced educational materials, primarily filmstrips and sound recordings. He also wrote for photographic magazines as film work put him in touch with many photographic and production problems. He has 325 screen credits in educational, industrial film and filmstrip as a writer-producer. In 1976 he won the Learning Magazine “Best of the Year” award for his “You in the Universe” filmstrip series and the New York Film and Television Festival Silver Medal for “An Introduction to Cells” filmstrip series. For a partial database of Adrian’s publications please click on http://www.worldcat.org/search and you will see them listed by series title and publisher. Each series title included four to 30 filmstrips and all are not fully listed in this database. The grand total is over 800. Over that 30 years Mr. Vance also wrote other material: two books, published in New York: “UFO’s: The Eye and the Camera” for Barlenmir House and “Audiovisual Production” for Amphoto Books. He wrote and illustrated over 100 features and columns for photography magazines. He was a Founding Contributing Editor for Peterson's PhotoGraphic Magazine and the West Coast Editor of Popular Photography from 1974 to 1978, writing a monthly column for the magazine. As a result of underwater photography work he contributed to SKIN DIVER magazine in the 70's. His "Timing Waves to Enter The Sea" article, first appearing in SKIN DIVER, is now a chapter in a classified U.S. Navy Seals training manual. "UFO's, The Eye and the Camera" documents his "Two channel information theory for the analysis of events simultaneously seen and photographed." It is the first comparative analysis of vision and photography written with the idea of combining information from both sources into a single analysis that can be used scientifically and forensically. Mr. Vance is also credited with solving the mystery of how complete maps of Earth were drawn in antiquity and he rediscovered Captain Cook's secret method of locating Pacific islands so well their positions have only recently been improved. He is cited with discovering the method in the seventh edition of "The Maps of the Ancient Sea Kings," by Dr. Charles Hapgood and he later contributed to a definitive article on cartography in antiquity for The Smithsonian Magazine as they confirmed his method. On February 19, 1976 Mr. Vance got a “Certificate of Appreciation” award from the Los Angeles Police Department “in grateful recognition of his generosity in make available to officers of this Department the talents and training of his German Shepherd, Boris. The ready willingness of Mr. Adrian Vance to become involved and to make available his valuable dog in a potentially hazardous situation deserves the gratitude and approbation of the entire Los Angeles Police Department.” This incident was critical to the LAPD administration’s realization that trained dogs could be of value in police work and they are now employed by the LAPD. When the computer replaced film the school market audio-visual field he switched horses at full gallop and produced 460 computer educational disk systems for the Apple II computer over 15 years. During that time he became a professional broadcaster in the 90's to promote the State Water bond issue in Santa Barbara, California as he felt it was critical for the town. He was publicly credited for having been one of the top ten reasons the measure passed thanks to his book “Drought in Paradise” and radio work. The collapse of his software business when Apple Computer discontinued the "II" machine line in 1995 crystallized the failure of his second marriage. With no clear direction in the school market supplemental materials field he sought a career in broadcasting in Las Vegas, Nevada doing shows on both KDWN and KXNT. This was unsatisfying due to the "star" economics of commercial radio where a few performers make millions and everyone else starves. Mr. Vance has also been a day trader, strategist, system developer and author on the equities markets and trading. He now trades stock, land and develops residential property. His website and trading information service, "The Stock Surfer" was a leading Internet service for seven years. He has been developing “The Young Americans” series of Young Adult novels promoting conservative values as well as his personal memoir, “A Long Way From Normal.” You can buy Adrian Vance’ books or downloads at Amazon.com December 21, 2010 he was awarded US. Patent 7,855,061 for his “Fuel Farm” that makes a gasoline equivalent 100 Octane fuel, butanol, from CO2, water and sunlight with algae and bacteria. You can see the full disclosure websites regarding his inventions at: http://CO2Au.blogspot.com and http://fuelfarm.i8.com -30-

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