Author(s): Carl Peterson

NZ Non Fiction

"The Zen of No Tax" describes in detail why the present tax system does not, and cannot possibly work to provide sustainable funding to governmentt. A direct mathematical link is drawn between taxes, social dysfunction, environmental destruction, and private debt slavery. Further, taxes unwittingly gift the banking establishment with a complete monopoly on the creation of new money; money that the banks create out of thin air using our properties and equity as security. The book also goes some way in explaining how government, in the absence of all taxation, will be required to inject new interest-free money into the economy in order to balance the new wealth created by extra savings and investment. This new money issue will be needed to prevent the destabilizing effects of the deflation that would otherwise follow; a deflation that would otherwise destroy the fabric of business, and lead to a major market crash. It follows, that much of this new money can be used to fund all existing government liabilities, including an expanded benefit system that will allow poverty and racial tensions to be ended in New Zealand.