The Abolition of Income Tax and Usury Party

"The Abolition of Income Tax and Usury Party is the most dynamic party in South Africa and stands unequivocally for an Honest Money System to replace the dishonest one now in existence.

Our Party is the brainchild of a small number of far-sighted individuals and was first formally structured before the 1994 general elections and had the full intention of taking part in that process. However, due to all manner of reasons, not the least of which were the disinformation, obfuscation and seemingly purposely orchestrated campaign to keep small parties from taking part, we found it impossible to register the party at that time. It was therefore put on the back burner while we cooled our heels for the ensuing five years; years which saw a universally admitted degeneration of everything in this once relatively prosperous, safe and contented country.

The Abolition of Income Tax and Usury Party has a FREE-ENTERPRISE POLICY. Government will exert only the absolute minimum interference with the economy and the people will be allowed to find their own level of economic activity.
Protection will in certain cases be afforded the Republic's producers in line with the incentives, protections and subsidisation policies of our major and minor trading partners.

Incentives in respect of exports (and in certain cases imports as well) will be inaugurated to stimulate trade with other countries. The central theme will be focussed on economic growth and self-sufficiency. Exports of excess agricultural production as well as other produce and manufactures will be encouraged while the importation of luxury goods (as well as services) will be taxed for the benefit of local producers, manufacturers, traders and service providers.

Under the Z.I.T. and Z.E.T. system primary and secondary industries will be encouraged and the government under the Abolition of Income Tax and Usury Party (mainly through the Department of Trade and Industry) will concentrate on smoothing the way for all producers, traders, exporters and importers, and levelling the playing field. The establishment and broadening of a genuine free-market, free-enterprise, culture will be one of the highest priorities.

So-called "free trade" will be systematically discontinued and BARTER with our foreign trading partners will be encouraged, thereby significantly reducing the need to maintain foreign exchange reserves.

The Republic's continued participation in the General Agreement on Tariffs and Trade (GATT) and the later Multilateral Trade Organization (MTO) or World Trade Organization (WTO) will be re-examined as to its beneficiality.

So-called "loans" from the World Bank, the International Monetary Fund as well as other international banks will be discontinued and any existing "loans" will be repaid as expeditiously as possible.

Meddling by foreign countries, corporations and/or individuals will be discouraged vigorously but genuine investment with no ulterior motives will be encouraged. The laws pertaining to those individuals, companies or governments who invest in the building of factories or the setting up of businesses of other descrip-tion in the Republic, will be similar to those pertaining to the mining industry - viz. a partnership arrangement with compulsory re-investment of profits for a period of not less than five years.

Chemical, oil and steel industries, electricity and water supply, roads and bridge building, mass transportation, harbours, airports, forestry and wood production, education, health, security of the state, among others, will all to greater or lesser degree resort under state control as is presently the case.

In respect of those industries which are wholly the responsibility of the state (or where the state plays the major role) the workers will share in profits. The workers will get one third of the profits generated by such state controlled industries and the state the balance. In cases where there are investors (local or foreign) their share of the profits will come out of the state's portion.

The Abolition of Income Tax and Usury Party has the view that the economy is important in as much as it affects the happiness and welfare of the citizens of the Republic and it will make every effort to facilitate this. It is an historical verity that from the time the taxing of income came into being successive generations were systematically led to believe otherwise. Since that time the economy became important to governments only as a source of raising revenue while leaving the issuance of money to private individuals or corporations (i.e. the banking industry) to further tax citizens through usury (the non-productive charging of interest). The disastrous results of this approach are today everywhere visible - in high inflation or deflation, personal debt and so-called national debt, all of which serve to impoverish citizens and the state itself.

The time to shatter the false premises that governments should leave the issuance of money to mere individuals while it concentrates on methods to confiscate a share of the labours, expertise and entrepreneurship of the citizens of whom they are in reality the servants, is long overdue. The Abolition of Income Tax and Usury Party means to set the record straight in this regard." (snip) ...

Read lots more about "The Abolition of Income Tax and Usury Party" at this website:
http://www.aitup.org.za