Financial Whistleblower Gives Blueprint for Populist Trade and Banking Reform, But Will Politicians Listen?
Prominent whistleblower Victor X is calling for a trade and banking plan that may offend some traditional conservatives: increasing taxes on the financial elites.
Victor X, who is currently under asylum and lives with a different name at an unknown location in the United States after exposing a Turkish money laundering scam that put his life in serious danger, believes a radical realtering of the current financial sector is necessary to fund the U.S government and keep America prosperous.
Under his proposal, the federal government would impose a transaction tax of 0.5 percent on all stock trade purchases over $1,000 USD, which would bring in over $75 billion in additional U.S. revenue each year to the Treasury Department. Coupled with the elimination of the income tax, these financial service taxes, as well as tariffs, could fund the legitimate functions of the federal government while restoring economic freedom to millions of Americans.
Victor X is also calling to completely reform the trade taxes that currently exist between the United States and Europe, arguing that the current regime in place is broken and bankrupt. As of right now, there is a general 25 percent duty imposed on goods that are exported from the U.S. to Europe, but conversely, when exporting from Europe to the U.S, the tax system is so byzantine and very complicated to understand without an army of lawyers and accountants at your disposal. This allows well-connected firms to be able to get around a substantial amount of taxes. That tax burden evaded by the elites is ultimately borne by the Middle Class.
An additional solution to fund the government would be to impose a transaction tax of 0.2 percent on each currency exchange into the U.S. dollar, taking advantage of the dollar’s status as the world reserve currency. America must take full advantage of its superior standing in the world, or we will lose that economic power before long. Victor X is calling for task forces, committees, and additional study groups to determine how the financial sector can pay the burden to fix this broken system and resew America’s ailing social fabric.
Victor X projects his proposed policies would inject $340 billion in additional US dollars per year into the Treasury Department. These are funds that the country could use to invest in the U.S. infrastructure, clean up destitute and decaying cities, help combat the suicide epidemic among military veterans, and give mental health care to the homeless. The point is not to increase the size and scope of government, but rather to improve the current system and find alternative funding mechanisms that can prevent collapse while lowering the burden on working-class families that are already stretched to the limit.
Victor X is demanding Attorney General Merrick Garland and the Department of Justice act to give him federal authority so he can help enact these reforms, making it clear that this move is not some sort of partisan stunt. Whatever administration is intelligent enough to capitalize on his ideas, whether Republican or Democrat, will create a national voting bloc, unlike anything that has been experienced in the modern era.
The ambitious proposal by Victor X should jolt conservatives into accepting that there are profit-driven forces out there who are driving all the policies they despise most. The radical left could not have seized power that they have without the approval of Corporate America. Monolithic corporations realized that the Leftist’s demoralization, deracination, and atomization of the American people could help their bottom line, so they cynically assisted in the nation’s destruction. Their greed and avarice have reshaped our society to the point where nothing is recognizable anymore, and only the tarnished veneer of civilization remains.
Other policies, like offshoring labor to third-world countries, flooding the nation with limitless immigrants, and getting into bed with Chinese communists, were ruthlessly pursued by corporate interests as well to our great national peril. It is past time to punish these entities. They still rely on America to protect their economic dominance throughout the world, at least for the time being. Let their immense wealth fund the restoration of America, using Victor X’s proposal, and let the American public reap the benefits rather than be crushed under the boot of corporate globalist hegemony.
The chattering class among the Republican Party, who only seem to care about tax cuts for the rich and not much else, are going to hate this proposal. The dogmatic conservatives have been trained like Pavlov’s dogs to attack anything that might hinder global capital, citing out-of-context lines from a Milton Friedman book to justify their orthodoxy. But in a populist, America First new Republican Party, led by leaders such as Donald J. Trump, these sort of forward-thinking ideas can be embraced to lead our civilization out of the abyss. It starts by listening to bold pioneers like Victor X.