What does an expert say? Following is a question that was posed to one of the nations leading experts in economics. Along with some background information.

Angelo Pesce, President of the United Citizens of America, recently had an opportunity to listen to one of Brian Wesbury’s speeches, and asked a question that is a personal pet peeve of his and the organization he oversees.

The exact question was:

Q. You claim that there is nothing we can do to stop the pain of job loss rampant through our American families. I would agree with you, but only if there were not massive waste of our tax money occurring at all levels of our governments. Now, given the model of “for every $100 dollars in tax cuts, $40 dollars goes directly to the economy” – it is obvious that tax cuts work. My question to you is; there are two major views of a new tax system for our nation. One is a Consumption only tax system, and the other is an Income only tax system. In your opinion, which is the BEST for our nation?

And Mr. Wesbury’s answer:

A. An Income Only Taxation System

Mr. Wesbury went into great detail concerning Mr. Pesce’s question, but “cutting to the chase”, the answer is exactly what the U.C.A. is fighting for. An Income only taxation system called U-ACT – a Universal American Citizens Tax.

Brian did acknowledge the unrest associated with today's job market. "There is unease in our country right now and it's because of the unemployment figures," he stated. "And I understand the pain, and it's justified." He pointed out the recent closing of Maytag in Galesburg, Ill., where 1,600 jobs were lost. He continued: "It's gut-wrenching. This kind of thing rips communities apart. The pain is very real and also unavoidable."
Following is some information on Mr. Wesbury that you may find interesting.


BRIAN S. WESBURY
First Vice President
Chief Economist
Griffin, Kubik, Stephens & Thompson, Inc.

Brian Wesbury is Chief Economist at Griffin, Kubik, Stephens & Thompson, Inc., a Chicago-based investment bank. The Wall Street Journal ranked him the nation’s #1 U.S. economic forecaster in 2001. The Chicago Tribune has called him “Chicago’s most prominent New Era Economist.”

In 1995 and 1996, Wesbury served as Chief Economist for the Joint Economic Committee of the US Congress (JEC), chaired by Senator Connie Mack of Florida. While at the JEC, Wesbury advised members of Congress on economic issues relating to federal budget, tax, trade, and monetary policy.

Prior to his role in Congress, Wesbury was Chief Economist at Griffin, Kubik, Stephens & Thompson for three years. He has also worked as a Vice President and Economist for the Chicago Corporation, and as an Economist for Chicago’s Harris Bank. Wesbury’s academic background includes a M.B.A. from Northwestern University’s Kellogg Graduate School of Management and a B.A. in Economics from the University of Montana.

Wesbury is regularly featured on CNBC and CNN-fn and comments weekly on economic issues for WPTT radio in Pittsburgh. In Chicago, he may be seen on Channel 11’s “Chicago Tonight” or heard on WBBM radio.

His regular monthly column “The Outlook” appears in The American Spectator magazine. In addition, he is a contributor to the editorial page at the Wall Street Journal, and his comments and writing have appeared in Barron’s, Investor’s Business Daily, Forbes, and the U.S. News and World Report.

Wesbury’s first book, “The New Era of Wealth. How Investors can Profit from the 5 Economic Trends Shaping the Future”, was published by McGraw-Hill in October 1999.


Universal American Citizen Tax TM

Our Proposal:
To Force our government to implement an Income Only Flat Tax System
All Americans will contribute 10%, 20%, or 30% of our income to government bodies by way of income tax only.

The Benefit:

Will Ensure Americans keep Working in America
Will Limit Political Abuse of our Tax Dollars
Will Force Government and Corporations to Work for the People
Americans will Keep more of the Money they Earn ($4000/yr on avg.)
NO MORE Future Tax Increases. If Americans earn more annually through raises and bonuses, so will governments, if not, neither will our government. We ALL Succeed Together
No More TAX Lies for votes
Will Force governments to budget carefully and be more Frugal in their Spending Habits
Will Keep more Tax Dollars in the Communities where people live.
Will Ensure a Thriving Economy for Generations.
Will Help our senior Citizens relax in their Golden Years. They Earned it.
Companies will realize more profits thus ensuring more American jobs and stability
Everyone pays the same proportion of his or her income based upon their income bracket
Unemployed Americans are tax-free until new employment is obtained.

For more details, CLICK HERE


Under the U-ACT TM proposal, 92 million taxpayers would receive, on average, tax relief of $4,500 in 2004.
46 million married couples would receive an average tax relief of $5,473 each. $10,946 total household.
34 million families with children would benefit from an average tax relief of $6,517 each. $13,034 total family.
6 million single women with children would receive an average tax cut of $4,500.
13 million elderly taxpayers would receive an average tax cut of $3200 each. This could double if both qualify and are still married.
A typical family of four with two earners making a combined $39,000 in income will receive a total of $4,100 in tax relief under the U-ACT plan.
According to our projections, the U-ACT plan will help the economy to create 6.5 million jobs over the next three years vs. the 1 million projected by the Bush tax. With 16 MILLION Americans currently out of work, U-ACT will have all of America working in 5 years. The current tax system will take 16+ years.

Despite the bleak employment picture, congressional leaders and the White House are moving forward with plans to expand the number of foreign guest workers admitted to fill U.S. jobs. Under pressure from some domestic industries and the Mexican government, serious negotiations continue in an effort to add to the legions of foreign guest workers already working in sectors of the economy ranging from high tech, to manufacturing, to construction, to agriculture. “The most amazing thing is that there is not even a hint of embarrassment on the part of American business or our government that millions of Americans are receiving pink slips, while they work feverishly to bring more foreign workers to this country,” said Dan Stein, executive director of the Federation for American Immigration Reform (FAIR). “Many sectors of our economy seemingly believe that access to cheap foreign labor is their right. Meanwhile, the politicians who talk about jobs, jobs, jobs seem to be more than willing to trade jobs for campaign dollars.”

In addition to the disingenuousness of pursuing an expanded guest worker program at the same time that unemployment is growing rapidly, FAIR noted that the rush to move more foreign labor into this country potentially threatens national security. “By their own admission, the new Department of Homeland Security is still feeling its way around as they try to play catch-up on decades of inattention to the connection between immigration and national security,” said Stein. “On top of dealing with the formidable task already before them, a new guest worker program would require significant time, manpower, and money to vet a new influx of workers from dozens of countries.
Make no mistake, based on guidelines of what defines a dysfunctional company, WE DEFINITELY HAVE DYSFUNCTIONAL GOVERNMENTS, at ALL LEVELS. When companies cannot correct their ineptitudes, they eventually accumulate so much waste in either time and/or money that they eventually fail miserably. Our government is well on its way to failing miserably. And if you think it cannot fail, just take a look at the history of the Roman Empire.

Here is a question - What could $87 billion buy? It would solve all the budget crises for every school district in the entire country. It would buy health insurance for 15 years for every American child. It would feed 6 million children who died from hunger in the world for the next seven years.

The number of new government jobs created since 2000 = 721,000 and private sector jobs lost since 2000 = 2,692,000

Hey America – WAKE-UP! Join the Fight! It is time to stand-up and fight for your life, your dreams, and your money.

Read More Abuse News Only American Citizens can stop this non-sense. If you don't, nobody else will - Guaranteed! We NEED your donations.