An 18 month moratorium on both corporate and
personal tax deductions (with certain exceptions)
will rescue the American economy and provide a
future tool for counterbalancing inflationary measures
such as increasing the money supply through
"stimulus" programs.
Several extraordinary benefits will arise from this
proposed strategy, as follows:
!) Drastic reduction (or, even, elimination) of the current
national debt;
2) Generation of a tremendous influx of revenue to the
Treasury without any tax increases;
3) Avoidance of hyperinflation; and,
4) A new nonlegislative funding source for health,
employment, housing, education and welfare programs..
This strategy will impact stock prices, but markets will
recover rapidly as investors realize stock values
still exist.