1. Tax Relief
Regardless of your viewpoint, people can agree that less taxes should ultimately be a good thing. Reducing taxes puts more money in the pockets of citizens and businesses and should help the economy by providing more disposable income and profit. Monetary reform allows for tax reduction without increasing the debt or reducing the safety net, services, or investments in society.
2. The Debt
The United States debt is currently 33.7 trillion dollars and anyone that lives under a household budget knows that this amount of debt and our annual deficits are unsustainable. Monetary reform allows for the eventual elimination of existing debt and future spending without new debt.
3. Wage and Income Disparity
One of the biggest problems plaguing all demographics and corners of society is the growing wage and income disparity. Monetary reform could allow for the creation of a living wage and for businesses to afford to pay their employees more through the elimination or reduction of corporate and personal taxes.
4. Infrastructure Improvement
Monetary reform could fund the trillions of dollars needed to rebuild our infrastructure and provide for more renewable resources without increasing the debt or privatizing public infrastructure.
5. An Improved Safety Net
Social Service programs as structured today, whether in the form of SNAP, TANF, or other programs can be virtually eliminated or reduced with monetary reform. The traditional methods of utilizing wealth redistribution practices have created animosity in our society between various economic classes. Monetary reform can provide people with jobs at a living wage, remove the need for such programs, and provide for a dignified retirement.
6. Smaller More Efficient Government
A smaller active government that still provides for citizens without becoming intrusive can also be an outcome of monetary reform. The reduction or elimination of state, local, and federal taxes reduces government intrusion in everyday life by its very nature.
7. Global South Development
The economic development of the Global South countries would allow those countries to stimulate development and provide jobs to their citizens. This eliminates the need for US assistance and outside investments in these areas while also reducing the instability seen in many countries by providing better economic prosperity for its citizens. Every country has the ability to enact similar legislation for monetary reform in their nations.