NO ECONOMICS IS NOT TOO COMPLICATED FOR US
The D.C. Elites are probably required to read Plato’s Republic to justify their belief that the rest of us lack the capacity for understanding basic economics. In the Republic, Plato asserts that political decisions require judgment and skill and should be left to the experts.
A major flaw in such an arrangement is the assumption that the ruling experts will put the people’s best interests ahead of their own in making their decisions.
When you look at the present state of the country, what do you see:
- $37 trillion national debt
- A national U.S. budget that has only been balanced four times in the past 60 years.
- Crumbling infrastructure
- Excessive regulations that cripple businesses
- Bureaucracy that operates only for itself
- Failing schools
When confronted with questions about the above points, the D.C. Elites say there is nothing wrong with the job they are doing. They dismiss our questions on the grounds that we are just not smart enough to understand the big picture. According to them, if we had their level of insight and understanding, we’d know we are in good hands and not raise those stupid questions.
The D.C. Elites say that we ordinary people can’t understand the continuing “battle” between President Trump and Jerome Powell over interest rates.
Economist Dr. Robert Genetski publishes an economic and financial outlook that is available to subscribers. Robert is also a member of the FAIRtax advisory board.
In Dr. Genetski’s August 25, 2025, newsletter, he points out that there are two components to making money more available to the U.S. economy. Yes, one is interest rates, but the other is the money supply. Here is how he explained it:
- The money supply is determined by the Fed’s purchases and sales of securities as well as changes in bank deposits at the Fed.
- The sum of these two show that there has been no change in the money supply since March of 2025.
- To increase the money supply, the Fed needs to sell securities which increases the supply of money in the economy and then reduce the interest rate.
- The following chart illustrates this.
If less money is available, then the banks will have less to loan. At that point, the law of supply and demand kicks in, and competition for the loans will increase the prices for loans.
CONCLUSION
As Doctor Genetski explains, just lowering interest rates without increasing the money supply is not the answer to making loans cost less and be more available. How tough is that to understand?
The D.C. Elites and almost all politicians and their minions profit from the complexity of the income/payroll tax. They will oppose this simplification unless we the people demand it.
Many of you have labored tirelessly for freedom from the federal income tax and the IRS. You deserve a great deal of credit for your efforts to educate the American people on the need to fund the American government in a way that is good for America and returns freedom to the American people.
It is imperative, though, that we don’t replace the current income tax and the IRS with an alternative system that can still be manipulated by the Ruling Elite. We must let Congress and the President know that the best way to replace the income tax and the IRS is with the FAIRtax.
Make no mistake about it. The FAIRtax is a grave threat to the Ruling Elites. It will strip them of their power and their ability to control us though the tax system. Their opposition to the FAIRtax will be fierce and unrelenting. And don’t think for an instant that they won’t use half-truths, deception and downright lies in their desperate attempt to hang on to their power.
However, with the support of this President, we can finally eliminate the income tax and the IRS!!!
Of course, the best course of action is to not only repeal the income tax and abolish the IRS but to repeal the 16th Amendment as well so no future administration can ever shackle the American people with an income tax again.
We must come together and ensure that real tax reform, the FAIRtax, is not subverted by the Elites in D.C.
This will take the diligent efforts of all of us. We need your financial assistance, and we need your grass roots assistance.
If you have contacts that will allow us to get more information to President Trump about the FAIRtax please let us know.
Please email us at info@fairtax.org and we will give you some options on how you can best help us.
At a minimum, please call your Congressional representative and ask if he or she supports the FAIRtax. If so, thank him/her for their support and suggest they become a cosponsor of HR-25 if they’re not one already. If not, ask why not. If your representative claims to be unfamiliar with the FAIRtax, offer to have someone come to their office and explain it to them.
Please go to this link to invest in AFFT and help us pass the FAIRtax. It’s an investment in your and your family’s future.
THE SOLUTION—PASS THE FAIRTAX!
Why would D.C. pass the FAIRtax and give up this almost unlimited source of donations? The only way that they will is if the rest of us demand it!
Isn’t it time to end this ludicrous tax collection system and the IRS?
HELP BRING ABOUT REAL TAX REFORM AND STOP FUTURE IRS ABUSES
By contributing (investing) $10.40 per month, you help provide a financial base to AFFT. If you can make larger contributions (investments), these will be used not for salaries, as we are all volunteers, but for the needed updates to our economic studies which will be vital for all future years.
Please go to this link to invest in AFFT and help us pass the FAIRtax. It’s an investment in your and your family’s future.