Ever since barrack Obama Clinched the presidency Investors and corporate investers have invested billions more dollars into foreign banks and offsore accounts due to the rising fear of higher taxes and increased banking regulations. Heres the Kickoff-The USA Today reported that in order to try and lure americans to disclose hidden assets, the IRS announced a six month program that offers lower penalties. This could lure investors to return some assets to American banks, but we have already learned that it will be nothing significant. AIG itself invested over 25 billion in european banks with bailout funds and the governement took a roll at the crap table when Bernank (Federal reserve Chairman) announced that the federal reserve has decided to print a monopoly money of U.S. Dollars of 1 trillion dollars. This is not the change we were promised nor the change that we need.
Now is the time to increase efforts to pass the fair tax. Especially since Barrack Obama has comissioned a tax board to find a way to simplify the tax code. This is our chance to bring not a trillion dollars into the American BAnking system, but 6-12 trillion dollars without raising the national dept. This is our chance to stimulate the American Economy-not by adding earmarks and special intrest spending projects to bills along with cheap tax cuts that make llittle difference in the context of a burdesome tax system, but by empowering middle class Americans to decide their own futures.
Ask yourself this question-What will you do to make this happen?