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     NESARA: A Moral Economy
       FairTax is a band-aid. NESARA is the operation.

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FairTax is not fair. It could be if the necessities of life such as groceries (unprepared food), rents/leases, insurance, and medical services were exempt from the sales tax.  Everyone has a special interest in these things: to eat, have a home, have insurance, and receive medical care.

These exemptions must be made, otherwise, taxing the necessities of life is proven immoral by the mere fact someone's concience wants to create some massive government rebate/welfare program to make up for it, - which should itself proves FairTax's moral deficiency.

See for more info on why FairTax is not fair, and why the NESARA proposal is much better.  FairTax addresses symptoms. NESARA attacks the root cause: unsound monetary and fiscal policy systems.

Now, I want to talk to you about NESARA: The National Economic Stabilization and Recovery Act

(This is not to be confused with an internet hoax with a similar hijacked name that calls for some wacko alien conspiracy)

Proposed by Dr. Harvey F. Barnard at the NESARA Institute at in Greenwell Springs, LA, NESARA trumps FairTax and any other tax proposal out there because it accomplishes the following:

- Doubles the standard of living for all Americans in 20 years
- Eliminates $1 trillion of the national debt immediately
- Eliminates the rest of the national debt within 30 years
- Forces the government to live on a balanced budget and to borrow the old-fashioned way: from the current money supply
- Eliminates inflation
- Provides new monetary tools that don't act as sledgehammers on the national economy but is better suited for "fine tuning" in periods of economic stress.

- Increased prosperity could theoretically eliminate the future need for social welfare programs like Social Security and Medicare within 20-30 years
- Changes banking rules to better serve a progressive economy
- Americans can own their homes in 17-18 years instead of the usual 30
- Compound interest is abolished on all secured loans and replaced with a simple "monetization fee" based on simple interest
- Principles on secured loans are required to be paid first before banks collect their monetization fee, greatly eliminating debt-service burdens, and bank defaults
- New loan equations are retroactive on all current loans as well as future loans
- Banks make the same or more profit under NESARA with increase in reserves, and volume of customers they can serve with new loans

- Fiscal provisions eliminate the income tax, corporate gains taxes, estate taxes, and all other forms of income tax
- Establishes a national sales tax of 14% on all non-essential-for-living retail items
- Essentials of life such as groceries, rents/leases, insurances, and medical services are exempt from the sales tax.
- The rich who eat out more, own their own home, and get cosmetic surgery wind up paying more of the burden for the sales tax due to their choices, whereas the poor who spend almost 90% of their income on the "essentials of life" listed above wind up paying little if any.
- Spending decisions determine when and how much you get taxed.

- The balance of trade tips in America's favor as the income tax which hid the true cost of goverment and added as much as 30% to the cost of domestic goods and services, is eliminated, and foreign imports are subject to the sales tax.
- Businesses who left offshore for cheaper labor or to evade tax laws, now have an incentive to return due to increased domest competitive pressures
- Market speculation on securities is discouraged with a 1.4% sales tax on secondary sales of securities (arrived by applying 10% of the national sales tax rate; a figure high enough to discourage rampant speculation, but low enough to prevent capital flight out of the country, and generate signifigant volumes of tax revenue)
- Primary sales of securites, such as initial stock offerings (since they are direct investments in the companies themselves) are exempt from any sales tax; thus spurring interest in long-term investment
- and many many many more benefits to the nation, businesses, and private citizens...

... and all this for the cost of printing and using new currency, and the elimination of obsolete Federal Reserve and IRS staff.

In short, NESARA's effects are incalculable, and if introduced into Congress and passed, it would be hailed as the greatest achievement of economic design, development, and implementation in the 21st Century... perhaps for the millennium.

I want to urge you to take a look at it, and voice your opinions about it. If you would like to find out more, please read the bill here:

or read about the frequently asked questions here:

or discuss NESARA here:


NESARA Discussion Board

Feel free to contact me, or talk directly to Dr. Harvey F. Barnard who drafted this proposal and founded the NESARA Institute at:

Dr. Harvey Barnard
NESARA Institute
P.O. Box 70
Greenwell Springs, Louisiana 70739
(225) 634–3228

(Edited by inigmatus 5/9/2005 at 1:34 PM).

Posts: 2 | Posted: 1:22 PM on May 9, 2005 | IP

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I went through the website you provided. It is full of promises but no substance.

It is hard to reason how the changed monitory system would fix the economy or the tax system. I am also not sure about the "moral" claims made.

That said, I am supporting the idea of a national sales tax and elimination of all payroll taxes. It seems that this proposal is somewhat similar in spirit. I think the Fairtax proposal is fairly balanced and takes care of the essential consumption needs (food, living) through the very simple and very effective “prebate” idea.
I don’t think that you are so far off and perhaps you should consider joining the fairtax ranks instead of splitting the reform forces with descending proposals.


Posts: 1 | Posted: 9:21 PM on May 24, 2005 | IP

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Full of promises and no substance?

Au contraire. The promises come from the substance provided. It doesn't take a rocket scientist to figure out that if compound interest on all secured loans is eliminated, and even backdated, that a signifigant number of home-owning americans will find themselves debt-free, and such a concequence can results in an equal increase in discretionary monthly spending.

If you want substance: homeowners paying today beyond their 17th year of mortgage payments, when NESARA is passed, will find themselves with their home completely paid for as their loan principles would be required paid first before the lending institution receives its monetization fee (formerly known as interest).

This also make home ownership possible for many Americans who could not afford otherwise. Most home loans after the monetary provisions of NESARA is passed could be paid off at the same rate in 17-18 years, instead of today's traditional 30 years! What would YOU do with an extra 12-13 years of debt-free housing? Save for retirement? Invest in new business? Send the kids to college?

Monetary reform is needed in this country more so than just tax reform.  Hand in hand, NESARA's tax reform and monetary reform provisions do realistically double the standard of living for all Americans within 20 years.

This is based off an assumed "conservative" economic growth increase of at least 2.5% every year (and there isn't a person I've met that says the current system can not be improved), so even with this modest expecation, within 20 years you have 100% increase in economic growth.

The FairTax prebate idea is inferior to NESARA's over-the-counter exemptions on the necessities of life. Why force the poor to register every year with the government just to get yet another welfare check based on arbitrary and not individually realistic variables?

What about those who don't want to register with the government yearly about their whereabouts, their income, and want government out of their private lives? If you support FairTax beause it eliminates that income form you have fill out; then you contradict yourself because you are still forcing the poorest of our society to continue doing that just to get some check from the government that in actuality may or may not cover the increase in their cost of their daily purchases as a result of the consumption tax.

NO!!! Why not make the exemptions over-the-counter! Do we have to make it difficult? Everyone has a special interest in eating, going to the doctor, having insurance, and having a home. Why not simply exclude housing rents, medical services, groceries and unprepared food, and insurance from the consumption tax for all Americans, regardless of your yearly income status.

You forget that the prebate idea of FairTax also increases the size of government, and the expense of its administration. It removes the financial decisions of the poor people to the closed offices of the beuracracy.

With simple over-the-counter exemptions, a poor person doesn't need a rebate check. Anything exempt they can get without paying consumption tax. No forms, no registration, no government meddling.  If that same poor person wants to spend his hard-earned cash on booze and cigarettes, which are not considered "morally necessary for living," then they pay the consumption tax.

But take FairTax. The poor person gets the check. He can spend it on booze and cigarettes and he still pays the consumption tax on everything, including the essentials he may later need.  We have not helped this person make responsible decisions. We have simply supplied him with more dough to keep him doing what he's always done.

What's even more preposterious and immoral is the fact that incarcerated and people with criminal records are exempt from the rebate checks for their families! Well, who else do you think make up the breadwinners for these families? The children? Ridiculous. Why punish these families more by denying them any help at all, and only increase in the cost of their basic necessities?

If you still need a moral magnifying glass to make this clear: FairTax taxes the poor (including families where a felon is the head of household) more overall, than any other people group that will be affected by FairTax!

Everyone should be exempt from paying a tax on the necesities of life... could you imagine having to pay a tax for simply breathing the air? Immoral!

Now you see why NESARA thinks FairTax is a good step in the right direction, but it can do more.

One way or another, America will be crushed by its unsustainable debt, and a monetary system dependent on ever-increasing debt.

NESARA heads this off at the pass with a economically engineered 21st century solution rather than still running on a 1913 Federal Reserve idea.

Since you probably only checked out you probably haven't checked out my message board that gives more "substance". Check it out:

We both agree reform is needed. That is all the unification between NESARA and FairTax supporters that is needed to get national attention to the issue.  The debate can come later, but at this rate, FairTax seems to be such a popular bandwagon that solutions to its obvious flaws are not even being discussed.

What will get people joining the bandwagon - and I mean, simple-minded Americans, and not just those who can debate economic and tax theory, is NESARA. The monetary provisions part is very simple:  own a home in 17 years. Already paid more than 17 years, your mortgage is now paid.

Couple with the tax reform provisions of NESARA, just look at how NESARA handles real sales taxes:

Real estate sales are taxable but credit is allowed for taxes paid on previous retail transactions or for taxes that would have been paid had NESARA been in force. A home purchased for $100,000 several years ago and sold for $150,000 after NESARA becomes law has a $50,000 taxable base. If it sold for less than $100,000 no national sales tax would be due. For purposes of establishing an initial taxable base, transactions in progress when the Act becomes law may be considered as completed.

Under NESARA, new real estate developments suddenly become more expensive, older properties more valuable. This inevitably slows the mad dash to abandon existing property. A new $200,000 suburban home carries a $28,000 national sales tax burden. Many people could achieve the same increase in standard of living, spend less money and avoid most of these taxes by playing This Old House with an older property. The net effect revitalizes inner cities and older neighborhoods at little or no cost to the government. In fact, federal, state and local governments all collect revenue from these activities while avoiding the expense of supporting new expansion projects. Taxpayers win by spending less, avoiding some sales tax, but also with lower property taxes due to more efficient use of the existing infrastructure.

as you can see, NESARA is better in many ways. I suggest you read these two links as I don't think you did "read the site":

NESARA Discussion Board

Posts: 2 | Posted: 2:10 PM on June 21, 2005 | IP
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