Analyst Claims Compound Interest
from Untaxed Estates Will Create a
Debt-Free America in 3 Generations.
As we sink further in debt watching politicians
squabble over fiscal cliffs and debt ceiling increases, it should be apparent they have no solution to our
inevitable fiscal implosion. Diet and Exercise are great metaphorically speaking, but
America needs a Pill to overcome an unsustainable National
Solution is simply avoiding excessive inheritance taxes by
creating a free personal financial Legacy of oneself. Estates that yield Compound Interest and the inspirational
words of Wisdom that sum up one's life, will forever leave an impact on our heirs and change the destructive
fiscal direction of ourNation with the
Compounding Love of Humanity.
“The Legacy Will and Trust Bill proposes our government earmark an incentive for EVERYONE to create a (non-govt controlled) free personal
Legacy in the form of an LLC (Limited Liability Company),” analyst explains.
Legacies can eternally provide Passive Income to
Heirs, fuel Wall Street, create Jobs, rebuild Social Security/Medicare, support Charities, facilitate Welfare and
provide FREE HEALTHCARE – all funded by the Compound Interest yielded from the Estates of
"Compound Interest works fast and in just 3
an individual heir could conceivably be receiving
14 taxable Legacy checks before they pass," analyst proclaims.
"If the Legacies of the
deceased are financially supplementing their heirs, less tax will be needed from our descendants to accommodate
the entitlements we can't seem to break free from and we could
ultimately become a Debt-FreeNation
once and for all."
How can I create a Free Legacy that would keep my Estate from being
Who would manage the Estates and under what
Can I trust my lifelong savings will create jobs in our
and not be corruptly lost?
What about Social Security/Medicare, will the financial Ark our
Estates build accommodate the tsunami wave of Baby Boomers and stay afloat during this extensive
flood of entitled retirees?
Does the govt really want me to take out a loan
to pay excessive taxes on an inherited farm?
I would like to create a Free Legacy for my family and welfare of
future descendants. What can I do to ensure the Legacy Will and Trust Bill passes in
Why does this solution seem so easy and why hasn't anyone thought of
Solution is easy, but the project needed "Tweaking".
Can the Legacy Will and Trust Bill answer the
“Fiscal Wake Up Tour” challenge short of Apathy, Narrow Mindedness and/or Corruption?
Fiscal Cliffs and Debt Ceilings???
We Can Fix “IT” and the Solution is just TOO EASY!!!
I would first like to take my hat off to Mr. David Walker the former
Comptroller General of the United States of America and the current CEO of the Peter G. Peterson Foundation,
whom has pledged $1 Billion dollars to find a solution to our inevitable fiscal demise. The World owes a great
deal of gratitude to one of such lucrative entitled govt position to forego these govt entitlements and take a
position of selfless plight for the Fiscal Salvation of humanity. An Endeavor that exemplifies selflessness,
love, charity and faith in humanity.
And a Special Thank You to the Honorable Peter G. Peterson
for providing the
Dollar Prize Money
and humanitarian vision to seek our fiscal solution when wisdom
prevails enough over how much is enough for happiness. I can only imagine the sense of personal responsibility
to ease the suffering of others when enough money has been attained. How much is enough is a very personal
consequences of inaction,
knowing the past, present and future”
This message of inaction is of great importance, but the Apathy that
has crept into our society will be very difficult to overcome. We complain that our politicians kick the can of
fiscal responsibility down the road and in the same breath wouldn't want anything to change with our own
entitlement package. A solution that does not change benefits and the funding is not derived from the living tax
payers is what is needed. The Legacy Will and Trust Bill creates a new source of passive tax that can meet the
requirements of a growing World derived from the Legacies of the deceased. By circumventing a 55% Death Tax and
creating a personal Legacy of oneself, the compound interest yielded would provide passive income to heirs of
which a government tax can be immediately attained upon distribution eternally. This new found tax can rebuild
Social Security/Medicare and alleviate the expense derived from taxes of future descendants.
“Unfunded promises escalate the true
debt and the reality of having no savings to accommodate,
and how much do we have?
How much did you say? 56 Trillion as a real debt number? Did you say
our children are being born with an implicit tax burden of $184,000 and growing without a mortgage to back up
that inherent debt? Just a debt to pay back the irresponsibilities of our generations' selfish entitlement
“Families have a tax burden 9 to 10
their family income”
That statement was from 2008 when we were shocked at having a $8.7
Trillion Dollar National Debt. What is the indentured servitude tax per family up to now in 2013 with a $16
Trillion Dollar Debt and growing?
Fiscal Cliffs and Debt Ceilings will come and go, but unless we
implement a viable solution, our fiscal future indicates inflating the debt away and destroying the buying power
of the savers of our society as the only solution.
Cash may be King, but only if backed by real money (Gold &
Silver) or other true assets and not the promise of taxes from a debt strapped Nation via Government Bonds. We
have already seen how our dollars are not purchasing as much as they used to. So is the value of the products we
buy going up in value or is the buying power of the dollar going down? Incomes don't seem to be keeping up with
the value of products nor the increasing fees and taxes all around us. The reality of living on less will be
dictated by our checkbook because the silent taxes are killing us.
“Face the reality of fundamental
What does that mean? What's on second. Who gets to decide which
organizations can justify their entitlement checks and who decides which do not? With govt involvement no one
knows who's on first base. But... they seem pretty clear with political ambiguity about the third baseman; “I
Don't Know” and the shortstop “I Don't Care” as long as the who's who gets their pension funded by the
catcher/payer of entitled taxes; “Today I'm Screwed” at home plate. How long will it take for the players to
determine the seating in the bleachers is a better deal with govt subsidies/entitlements and vote to keep them
in power at the expense of the producing players? And how long can that last?
"Socialism is great until you run out of
other peoples money." - Margaret Thatcher
I contend the corrupt lobbying to facilitate organizations would be
better financially supported if their cause was presented to the humanitarian efforts of society and only
surviving if deemed worthy to exist by non-govt supporters. Having the govt of man pass a bill to provide a
paycheck to entitled causes incites the greed within the men that orchestrate the funds. I'm sarcastically still
funds available for tattoo removal to get a better job.
Pick your own poisoned Pork of government subsidies/waste that tickles and sickens at the same time. When will
mankind accept the fact we personally make lifelong decisions and have to live with the repercussions of those
decisions. You paid to have them put on, don't ask me to pay to take them off. Somebodies getting paid I'll
promise you that. Corruption... can we overcome it?
“America owes more than American's
and the Gap is Growing”
They're saying the same thing in Greece right now. Amidst the fire
and smoke are signs of hard working citizens that didn't get a fair shake in the decisions that shaped their
future made by their own govt officials. Truly Tell Me... is there anyone that believes this couldn't happen to
us here in the U.S.? Greece is being forced to exercise austerity measures meaning a lot of folks are not going
to get what they've been promised. Just imagine my own father's circumstances, he worked for the U.S. Navy for
25yrs and was promised a pension for the rest of his life. Of which he has collected 32 yrs worth of retirement
and still kicking at the young age of 76. I'm not saying I want anyone to not get what they were promised, but
reform should also apply to the govt level. There is no need to attract employees with a lucrative benefits
program any longer, let them be subjected to the same 401K retirement aspirations like the rest of us poor slubs
trying to figure out how to retire under the tyranny of excessive taxes.
“If we stay on a status quo path,
it is clearly unsustainable and imprudent.”
Thank you Mr. Walker for the clarity of fiscal details that impact us
all and the enslaving future of our descendants. I hope people will respect your assessment based on your
credibility from your last job; U.S. Comptroller General.
Care costs are on the bleeding edge
of our fiscal demise.”
The collective Legacies of the deceased can charitably fund an entity
created by the people for the healthcare needs of the people. This entity would be eternal and made up by the
physicians and nurses that derive a paycheck making them members of this entities LLC thus surviving eternal
“Healthcare Costs Can Bankrupt
Healthcare Costs will bankrupt America Mr. Walker unless we start
utilizing the principles of compound interest to our advantage via the Legacies of the deceased.
Level of Debt is Set to Explode. The Problem is not the Past,
the problem is not the Present, the problem is the
Yes it is, especially when you consider the tsunami wave of “Baby
Boomers” entering into retirement and filing for their Social Security/Medicare entitlements anticipating a
ponzi scheme to provide what they've been promised.
When America had debt to pay for wars
it owed it to its people.
Now the debt has been borrowed from foreign entities.”
I wouldn't count on those foreign entities wiping a clean slate
without a fight. As we forge forward with borrowing, we condemn our descendants to indentured servitude to those
that hold the debt, like China.
“American's are great at
but not very good at saving.”
There's a good reason for that Mr. Walker. Our schools do not teach
financial literacy and our children are tempted by consumerism that keeps the tax machine going. I had to go
outside a 16yr scholastic curriculum to figure out why I went broke doing business while attempting to keep up
with the Joneses. What a nightmare from a credit induced Materialistic Hell.
I appreciate your campaign of“WeCan”,but I'm afraid that the living
tax paying base can not achieve this without a catalyst. Apathy abounds and a defeatist attitude has permeated
the hearts of many American's. The spiraling effects of negativity are catastrophic and almost impossible to
change in the hearts of individuals.
I love how you close your argument as a case for your own
grandchildren being choked with the Debt our generation leaves. The problem continues to lie with the promises
that folks have come to rely upon and the ability to pay for these promises that strangle our descendants with
"Over Promised and Under
The principles are the
same in any business and many go out of business as long as they don't have a World's Currency printing press
that allows them to continue doing business at the expense of our children. That status is subject to change if
the World loses faith in the U.S. Dollar.
“It's about values and
We have a responsibility to leave this World better off and in a better position for the future, financially,
environmentally and other ways. We're not doing that right now and that needs to
I believe the World is ready for that change Mr. Walker, there just
needs to be a non-intrusive viable solution that Americans and the World abroad can believe in. Your
Grandchildren nor mine caused this problem, but you are correct, it is their problem unless we fundamentally
change how we bequeath our life long assets.
“That's not only fiscally
but morally reprehensible.”
That's quite a Legacy our generation leaves to mankind. We leave a
morally reprehensible debt that enslaves our descendants to owe more than they are worth to the company store
with an ancestral debt of ignorance and greed. I know what it is like to I Owe, I Owe, so it's off to work I go
Mr. Walker, but we can't sink further in debt to support the company store any longer. I'm happy to see the
Mafia Unions being shaken up. There was a time for them in our Nations development and there is a time for them
in developing Nations, but when one is justifying a job with one's own needs, inevitable corruption
The Legacy Will and Trust Bill will address all your concerns that
lead to our fiscal implosion. Compound Interest applied to the Legacies of the Deceased can avert any fiscal
cliff and archive the thoughts of debt ceiling increases. Major reform is still needed, but mankind can begin to
see the charitable effects almost immediately when we begin to create personal Legacies of ourselves for the
future compounding benefit of our descendants.
EXAMPLE OF HOW THE LEGACY WILL AND
CAN WORK IN A PERFECT WORLD WITH
BENEFIT - $1 MILLION
YEAR STARTED - 1985
ANNUAL INTEREST YIELDED – 10 %
1986 1050000 50000 7500 5000 37500
1987 1102500 51250 8268 5512 41343
1988 1157625 57881 8682 5788 43410
1989 1215506 60775 9116 6077 45581
1990 1276281 63814 9572 6381 47860
1991 1340095 67004 10050 6700 50253
1992 1407100 70355 10553 7035 52766
1993 1477455 73872 11080 7387 55404
1994 1551327 77566 11634 7756 58174
1995 1628894 81444 12216 8144 61083
1996 1710338 85516 12827 8551 64137
1997 1795855 89792 13468 8979 67344
1998 1885648 94282 14142 9428 70711
1999 1979930 98996 14849 9899 74247
2000 2078927 103946 15591 10394 77959
RULE OF 72: 72 DIVIDED BY THE 5% RE-INVESTED = 14.4
COMPOUND INTEREST HAS DOUBLED ORIGINAL LEGACY
"THE MOST POWERFUL
FORCE IN THE UNIVERSE IS COMPOUND INTEREST" - Albert
If in 1985 $1 MILLION
had been invested into our economy via a LEGACY WILL AND TRUST :
THE PRINCIPAL BALANCE COULD
TOTAL DISBURSEMENTS COULD HAVE
THE GOVERNMENT COULD HAVE
BASED ON A LEGACY TAX RATE OF 15 %.
A HEALTHCARE ENTITY COULD HAVE RECEIVED $217,259 TO FUND MEDICAL PAYROLL OF PHYSICIANS AND
NURSES BASED ON A 10% CHARITABLE
AND THE HEIRS COULD HAVE EQUALLY SHARED A TOTAL OF
THE 2008 DISBURSEMENTS ALONE COULD HAVE BEEN:
HEALTHCARE ENTITY $15,357
FROM JUST ONE ESTATE/LEGACY
THAT CIRCUMVENTED A55% DEATH TAX
To: Congressman Jo Bonner
I believe Mr. David Walker, the former U.S. Comptroller General can best explain the looming
financial crisis that our Country presently forges a path towards if a solution is not found. Mr. Walker
issued a "FISCAL WAKE UP TOUR" challenge to the American people and I would like to submit the Legacy Will
and Trust Bill Proposal as a solution to said challenge.
This concept of bequeathing life long earnings via personal foundations/Legacies can eternally
provide Passive Income to Heirs, fuel Wall Street, create Jobs, rebuild Social Security/Medicare, support
Charities, facilitate Welfare and provide FREE HEALTHCARE – all funded by the Estates of the Deceased. All I
ask in return, is that you take to heart the following:
Traditionally, we bequeath our life long earnings to our spouse, children
and grandchildren etc... the money gets excessively Taxed (55%+), squandered and we are long forgotten. Each
personal foundation creator can determine how much to leave immediately to their heirs, then invest the remainder
into the investment vessel of choice. This eternal injection of cash will stimulate growth into our Economy and
create jobs. 50% of the yielded compound interest will be re-invested and 50% disbursed to the heirs, charities and
passions of the foundation's creator. The recipients/members will ETERNALLY receive semi-annual LEGACY checks from the LLC that he/she names upon CREATION of
the Living Trust. Each Legacy check's memo contains whatever inspirational words he/she wants to be remembered by.
These Legacy checks will be subject to (I pray) a 15% tax. This NEW PASSIVE
TAX stream for the U. S. Government could be used to rebuild Social Security/Medicare, an
ENTITLEMENT that we will never break free from.
*RULES AND REGULATIONS*
FOR MEMBERS AND CHARITABLE ORGANIZATIONS
1 *EACH MEMBER IS ENTITLED TO AN
SHARE OF DISBURSEMENTS AT AGE 18.
2*MEMBERS MUST REGISTER WITH INVESTMENT
BROKER 30 DAYS PRIOR TO EACH BIRTHDAY WITH
PROOF OF LINEAGE AND BIRTH CERTIFICATE
3 *ORGANIZATIONS THAT FAIL TO REGISTER
ANNUALLY WILL BE DELETED AND PROCEEDS TO GO
INTO MEMBER PROCEEDS
4 *NO LIENS MAY BE ATTACHED
5 *NO BACK PAYMENTS
6 *IF INVESTMENT BROKER FEES ARE EXCESSIVE
THE RATE OF RETURN FALLS BELOW X%
MONTHS IN THE LAST X YEARS. A MAJORITY
MEMBERS MAY CHANGE INVESTMENT BROKERS TO
A DIFFERENT LEGITIMATE BROKER UNDER PRE-SET
GUIDELINES. TIE NO/YES CHANGE
7 *MINIMUM LEGACY CHECK IS $100 AFTER FEES AND
EXPENSES, OTHERWISE ACCOUNT WILL RE-INVEST
100 % UNTIL THIS CAN OCCUR
8 *ONLY DIRECT BLOODLINE LINEAGE QUALIFIES,
EXTENDED FAMILIES (UNLESS SPECIFIC REQUEST )
9 *SPOUSE OF
MEMBER DOES/DOES NOT QUALIFY
AS A MEMBER
UPON MY DEATH
10 *MUST REGISTER ALL BIRTHS OF YOUR
WITHIN FIRST YEAR. INCOME STREAM MAY NOT BE
SOLD FOR ONE LUMP SUM. BOTH OF THESE
INFRACTIONS RISK LOSING YOUR SHARES AT A
MAJORITY VOTE. TIE NO/YES
11 *FUND MUST HAVE A POSITIVE YIELD OR
WILL BE NO LEGACY CHECK FOR THAT PERIOD
12 *IF NO HEIRS OR CHARITIES, DIRECT MY LEGACY
HEALTHCARE ENTITY YES/NO
LEGACY WILL AND TRUST
must be built and managed by a non-Govt entity and the Peter G. Peterson Foundation
has $1 Billion dollars to invest into a solution to our inevitable fiscal
demise. PGPF can build this Free Legacy creating Website, much like
the self service model used by LegalZoom. I pray PGPF will build a website that will enable everyone to
create their own Will, Living Will and Personal Foundation/Legacy Free of charge. This would be a public
service that is long over due. Families continually are divided at a time that should be celebrated due to
the expense and/or knowledge of the deceased.
STATEMENT“Our mission is to increase public awareness of the nature and urgency of key fiscal
challenges threatening America's future and to accelerate action on them. To address these challenges
successfully, we work to bring Americans together to find and implement sensible, long-term solutions that
transcend age, party lines and ideological divides in order to achieve real
"Legacy of Deficits"
I humbly request our Government to support this concept via incentives to
it's Citizens, encouraging them to create a Free Personal Foundation/Legacy for themselves. A small Govt incentive
(e.g. $10,000) invested at the time of death from each U.S. Citizen into our market place creating jobs, can yield
compound interest to their future heirs and earmarked as a subsidy to their heirs future income, which taxes will
be paid and/or entitlements supplemented. These Govt incentivized Legacy checks may one day alleviate the need for
the working class to facilitate those who can not via higher taxes.
Please find the attached illustration of a family tree and how the beauty of compound
interest can grow into 14 or more TAXABLE Legacy checks in just 3 generations.
Compound interest doesn't always work to our detriment (Natl Debt), it can work to
our advantage (LEGACY).
I have presented mycase
with mathematically proven Compound Interest evidence and have endeavored through Government and
Academic Protocol, yet still no answer. Can you please end my torment by
telling me short of Apathy, Narrow Mindedness and/or Corruption why our collective Legacies won't answer the
"Fiscal Wake Up Tour" challenge?
$1 Billion Dollar Prize to fund Gods Legacy
for the EternalHealing Benefit of Mankind.
Or you could
ask your friends Georgios.
share this concept of Taxing the Dead... with your friends and contact your
to find out the status of the Legacy Will and Trust Bill
buried at the House Ways and Means Committee.
contact Mr. David Walker, phone number 203-382-1000, he is the spokesman
for a fiscal movement that can change the indentured enslavement of ancestral debt our generation is destined
to leave as a Legacy to our children's children.