Jonathan Herzog

your phone or your computer or what have you, there's all these components in the value chain, right?

The silicone, the glass, the aluminum, the plastic, what have you.

And what a value-added tax enables us to do is get a tiny slice.

Every single Amazon sale, every single Facebook ad, every single Google ad, Uber Mile, and eventually every autonomous vehicle mile, right?

Especially as more and more people get pushed to the wayside.

So that's really the key component is this can most certainly be deficit neutral in large part because we're just missing on all this cash, all this capital sitting on the table because we don't have a value added tax in place.

So if you look at the data on the implementation of a value-added tax, again, on average in Europe of double the level being proposed, a small fraction of the increase in the value-added tax does get transferred onto the consumer.

But because it's at every single part of the value chain, so all the cost of goods sold, all the components in the packaging, it's a self-reinforcing tax.

Because if you're the manufacturer of, let's say, I don't know, the Thai food box, and there's some metal component, there's some paper component, and what have you, you have an incentive to collect and make sure

that the upstream supplier has paid their 10% tax as well.

So by the data, yes, a small fraction of the costs will be passed on to consumers.

But the kicker is we're not just sending this revenue, this cash to go sit in the federal government and get lost somewhere in the pipes.

We're using the most direct and efficient way of direct aid to people, which is then transferring it in turn

through the freedom dividend, right?

So if you spend, to your point about consumption patterns and making your dollar go further, if you spend less than $120,000 a year on stuff, then you are so much better off.

And that's basically 94% of all people in the United States, because there's money coming in from oxygen in the system, from all the transactions, all the production, all the manufacturing, and then

money going out directly to people.

And that completes and reinvigorates the entire cycle and has this multiplying effect in the economy.

So what's great, so there's a couple of points on this.

One is that about two-thirds of those 21 trillion is in consumer spending on the consumption side.