A Proposal of U.S. Constitutional Amendment for Monetary and Taxation Reform

By W. L. Andrews · Wednesday, August 10, 2011

The sixteenth article of amendment to the Constitution of the United States is hereby repealed.

The Congress shall make No Debt for this Union, or the several States, lest the monies be appropriated for the common defense, or the exigencies of War declared by Congress.

Money IS, and ought, and Shall Be the Common Currency of Commerce, Trade, and Law; the Common Denominator of the Commons Property; One of the fixed - Standard of Weights and Measures, metes and bounds, of the Common Wealth of We The People of the United States of America, and- All, Each, and None, of the People - Own the Money coined and issued in our Name, our Full Faith and Credit. By denomination, the Money possessed of each Person is equal; having the same consistent regulated value thereof.

Each Person, and Citizen, or Inhabitant: Possesses Stewardship, as though they shall Own, and for their exclusive purpose until use, that Money having been obtained by neither force or fraud, which is upon their own Person, or is otherwise in their possession, or upon deposit in their own Name at any bona fide federal or State chartered financial institution. And any or all such Money shall Not be seized, lest due process as proscribed by the fourth, sixth, seventh, thirteenth, and fourteenth articles of amendment to this Constitution; shall have been adjudicated. And no Person upon sole reason of accumulative debt shall be deprived of life or liberty.

Each Person or Entity, within the federal jurisdiction, is subject to, the Legal Tender User Fee; to be used as federal revenue for Constitutional [enumerated powers] purpose. The Fee, of three percent, is assessed and collected from both the Buyer and the Seller equally, six per cent total per transaction, at the time and place of any recorded transaction which shall exceed two dollars; except upon transactions of Demand Accounts on deposit at any financial institution, and these others which shall be exempt: Sustenance, Tithe, Charity, Care, and Pension. Also, upon any transaction, which shall be final after periodic payment transfers with interest; the Fee will be assessed and collected only upon the amount of and at the time and place of each periodic transfer. Each of the several States, may assess and collect in like manner, a Legal Tender User Fee, not to exceed the federal collection of each like transaction, to be used as revenue for Constitutional purpose.

The federal government in all transactions, shall receive the Fee portion of Five and one Half per cent, and shall retain the Fee portion of one Half percent of such Money in private interest bearing Investments for present or later supplemental application to the Care and Pension of all Citizens: retired, disabled, and feeble. And the Seller in all transactions shall receive a collection stipend of one Half per cent and shall retain the Fee portion of such Money in like Investments for present or later supplemental application to the Care and Pension of all employees: retired. The federal government urges each Inhabitant to obtain like Investments, which shall be free of any Fee or other Tax, for present or later supplemental application to the Care and Pension of: themselves, their heirs or dependents.

The Congress shall appropriate annually, Money sufficient to pay the Interest service, and an amount equal to two per cent of the total Interest service to be paid upon the National Debt. The President shall annually propose to the House of Representatives such expenditures from the Treasury as - he may deem requisite and responsible for Constitutional purpose.

Congress shall have sole un-delegated power, to regulate the standard Measure of interest by Class, Collateral, or Period, and the calendar Measure of periodic payment intervals upon borrowed money; and by annual resolution shall have sole un-delegated power, to issue coin and currency as legal tender Money and regulate the consistent value thereof, and to affix the appropriations of money for expenditure from the Treasury.

The Coining and issuance of Money being essential to Commerce, Trade, and Law; by annual resolution, the House of Representatives by a majority simple plus three, shall have the sole un-delegated power to annually resolve the quantity of coinage and issuance of Money from the Treasury, to be used as federal revenue and appropriated to Constitutional purpose. The quantity to be issued based: upon growth of population- calculated as subsistence necessary for each new Inhabitant, the growth of economic productivity- calculated as additional gross domestic product, and the interest charged upon borrowed money within the federal jurisdiction- calculated as the current annual quantitative money amount of interest collected. Such coinage and Issuance shall not exceed a quantity necessary to equal these basis, and shall require the advise and consent of a majority simple of the Senate.

Congress shall Not increase rates or forms; either by percentile or quantity, of Fee, or Tax, or of the Measure of Interest charged upon borrowed Money whether by Class, Collateral, or Period, -lest passed by two thirds of the members of the House of Representatives and by two thirds of the members of the Senate in separate session, and a subsequent vote of three fifths of the State delegations of both Houses in Joint session, each delegation having One Vote; except no increase of Fee or Tax shall be passed for a Term longer than six years.