Top 10 Ideas to Fix Our Tax Code

Part three of the Tax Gap series. In this video, I review my Top 10 Ideas on how to fix our Tax Code and close the Tax Gap, which is the amount Americans are cheating on their taxes annually. In 2019, that amount was projected to be north of $600 billion which would go a long way toward addressing our National Debt problem.

Sources:

IRS History: https://www.irs.gov/irs-history-timeline

IRS 2021 Data Book: https://www.irs.gov/pub/irs-pdf/p55b.pdf

IRS Tax Gap Reports: https://www.irs.gov/newsroom/the-tax-gap Audio Special Thanks:

Once Again by Bensound, Music: https://www.bensound.com

Early Morning by Borrtex,

https://www.youtube.com/watch?v=DtAzKt-UQM4

Readers! Do You Read by Chris Zabriskie is licensed under a Creative Commons Attribution 4.0 License. https://creativecommons.org/licenses/by/4.0/

Source: http://chriszabriskie.com/reappear/

Artist: http://chriszabriskie.com/

Modern Monetary Theory Part II, A Government We Do Not Have

Modern Monetary Theory (MMT) posits that National Debt is not a concern because the Government can’t go bankrupt, but that depends on how one defines bankrupt and what currency and capital are being reviewed…

Special thanks to:

Audio Special Thanks:

Readers! Do You Read by Chris Zabriskie is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Source: http://chriszabriskie.com/reappear/

Artist: http://chriszabriskie.com/

Social Security is an Entitlement Program Structured like a Ponzi Scheme & How to Fix It

In this video, we go back to beneficiary number one, Ida May Fuller, to show how she and many Americans earned their Social Security entitlements and why the structure of the program suggests it is a legal Ponzi Scheme. This information shouldn’t be considered right or wrong, it should just be considered as the Baby Boomer Generation continues to claim entitlements at a rate of 10,000 per day until 2030, and the Trust Fund is drawn down from $2.8 trillion to zero between 2023 and 2030. At the end of this video, I present a solution to not have to cut benefits by 22% as the Social Security Act currently requires by law.

Sources:

IRS Ida May Fuller Article: https://www.ssa.gov/history/idapayroll.html

Social Security Act: https://www.ssa.gov/OP_Home/ssact/ssact-toc.htm

Social Security Annual Reports: https://www.ssa.gov/oact/tr/

Social Security Amendments of 1983: https://www.govinfo.gov/content/pkg/STATUTE-97/pdf/STATUTE-97-Pg65.pdf

FY21 Report of the US: https://fiscal.treasury.gov/files/reports-statements/financial-report/2021/fr-02-17-2022-(final).pdf