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Abundant Life Amendment™ Article – 6

Stock Market Reform Act

PART - 1 Starting on the First Day, of the First Month, one (1) Year, from acceptance of this proposal as an Amendment to the Constitution, the language of this Amendment will become Law.

PART – 2 All United States Stock Markets and or Exchanges will be separated into two (2) components as follows: National – which will encompass all activities of investment within the United States and its Trust Territories by US headquartered Companies and Corporations only. International - which will encompass all activities of investment outside of the United States and its Trust Territories by US headquartered Companies and Corporations only? No non US headquartered Companies or Corporations will be listed on any US Stock Market or Exchanges.

PART – 3 Citizens of the United States and Lawfully Registered non US Citizens residing in the United States will be allowed to invest in both the US National Stock Markets and/or Exchanges; and US International Markets and/or Exchanges. Non registered persons residing in the United States and those illegally in the United States will not be allowed to invest in any US Stock Market or Exchange. No Foreign Government, or agency, or agent of a Foreign Government, is allowed to invest in or hold stock in any US Stock Market or Commodities Exchange. Any non-allowable investments discovered will be forfeited to the US Government. Management of any 401K’s, Mutual Funds, Trust Funds, etc., will conform to the language of this Part within two (2) years of the acceptance of this Amendment. No Lawsuits regarding damages or breach of contract will be recognized in any United States Court of Law relating to the compliance of this Amendment; however, mutual respect and binding arbitration, within the Law, will govern any disputes. Meaning: you can not sue someone because they must make contractual changes as it may relate to any part of the langue of this Amendment – however, equalization of any values that must be made to come into compliance with this Amendment that can not be mutually agreed upon, may be reviewed within the Law as it may relate to equalization; but, may not be reviewed as if were a breach of agreement.

PART – 4 The Federal Government may not invest any money under it’s charge, such as, Trust Accounts, Union Pension Funds, etc. and/or any other money from any US source in any foreign stock market, or the US International Stock Market; or place money in any Banking Institution outside of the control of the Congress of the United States, with the exception of, money that may be needed for Embassy use in foreign countries, which will be subject to review and use by the appropriate review procedures of Congress. Note: The use of the word “Congress” in any Abundant Life Amendments is inclusive of both houses of Congress.

PART – 5 Not–for-profit money invested in any foreign stock markets or the US International Stock Market that originate from within the US will not be recordable as not-for-profit and will be subject to all appropriate taxes regardless of its not-for–profit source. Investment by anyone, in either of the US Stock Markets or Exchanges (National or International) will remain subject to current laws of accountability where not in conflict with this Amendment.

PART – 6 Recognized allowable salaries and/or payments: Any Company, Corporation or other Institution of any type, listed on any US Stock Market or Commodities Exchange, will be subject to the following tax on all money paid to anyone employed by them or contracted under an employer, employee type of agreement. Based on a standard forty (40) hour work week, any amount paid to anyone above five hundred (500) times that of minimum wage (annually) will be treated as pure profit by both payer and the one receiving the payment and will be subject to all taxes upon payment that would apply without recognition of any deductions for other taxes paid or credited, donations made, or losses of any kind recorded. Example: If the federal minimum wage is $8.00 per hour, a forty (40) hour work week would be $320.00 X 52 = $16,640.00 per year earnings. Five hundred times that amount would be $832,000.00 which would be the top amount that could be paid and treated as a legitimate deductible business operating expense by the payer. Any amount paid above that could still be paid, but, will be subject to all appropriate taxes by both the payer and the one being paid, FICA, Social Security, State, etc.; no amount of the money payable above the allowable amount will be partitioned off into non taxable accounts (IRAs, Charities, or other tax saving places) before taxes are paid. Dual employee titles that might result in separate wages paid for separate positions held will be treated as one as it relates to being subject to taxes. Note: This does not put a cap on executive pay; what it does do, is put a cap on how much money that can be declared as allowable business operations expense and exempt from being taxed by the payer. Also, Share Holders must approve any payments that total’s above one thousand (1,000) times minimum wage for any salaries, bonuses and severance pay for any Individual of any Company or Corporation, etc… listed on any US Stock Market or  Exchange.  All benefits received will be part of the one thousand (1,000) times minimum wage calculations. Also, the Cap on the amount payable into the Social Security Fund annually is removed, for all tax payers, and the amount and/or percentage paid will continue for all earnings by both the one paying and the one being paid. Note: The above langue of this part as it applies to taxes payable, over the five hundred (500) times minimum wage, will apply to all areas of contractual commerce in the United States. Example: A sports team pays a player Ten Million Dollars for a three year contract – anything above the 500 times minimum wage (when paid) would be subject to all taxes by both parties. Both would still be subject to normal taxes up to the five hundred (500) levels. Contracts that offer a percentage of ownership via stocks, percentage of profit, or other values, will be calculated at the time of payment made. Contracts that offer items such as, free car, free house, etc., which would normally be everyday personal needs unrelated to the true fulfillment of the contracts need, will be included as part of the overall values. Individual private enterprises that show the same five hundred (500) times minimum wage profit, or more, will be subject to the same percentage of taxes. Any amount paid or earned above the five hundred (500) times amount, will be treated by the one receiving it, under the values of a single tax payer, regardless of number of dependents or other allowable deductions recordable up to the five hundred (500) times amount. 

PART – 7  The language of this Article shall be deemed superior to any powers and laws of the federal government; laws or rights of the states, or parts of the Constitution where it may be in conflict.

PART – 8 The Congress shall have power to enforce by appropriate legislation the provisions of this Article.

PART – 9 The Title of this Amendment will be known as: Abundant Life Amendment - Article Six.

PART – 10 The languages of this Article and Application Guidance Section can only be amended by a majority vote of the People via a Public Referendum.

Application Guidance Section

SECTION – 1 National: Any and all operations, facilities, products made, produced or services rendered within the areas and boundaries of the United States or it’s Trust Areas and subject to the oversight of the Congress of the United States will be considered National. National – Any money invested in the National Stock Marked must be invested, or reinvested in the boundaries of the United States, or it’s Trust Areas. Up to ten (10%) may be invested in other Democratic countries if the investment can show a true benefit to the US economy from the investment without any negative effect on the US economy. Note: Simply speaking, buying something cheaper and selling it for less in the US is not the same as a “true benefit”. All Stock Market Rules, Laws and Regulations that now apply, or will apply and that do not conflict with the langue of this Amendment, will remain in full effect and will govern the National Stock Market in any and all investments, but will not subvert, challenge, or undermine the following, or any part of this Amendment. The following relates to the US International Stock Market as Foreign involvement is prohibited in the US National Stock Market: No US Company, Corporation or any type of business listed on the US International Stock Market or Exchange can be Foreign Owned, or Controlled, or have more than forty percent (40%) of its Stock Owned or Controlled by Foreign Investors; and no more than ten percent (10%) of the (40%) can be owned or controlled by any one Foreign Investor, or associated group of Foreign Investors. Current ownership and investments (except for Commodities) will be Grandfathered for the next six (6) years - but, new investment amounts may not be added to current holdings - and before the end of that time be diversified per Fair Market Value to compliance of this Article. US generated Agriculture Commodities and all (future) Natural Resources will be excluded from Foreign Investment and/or oversight upon acceptance of this Article. Note: This Amendment is designed to create International Competition and restrains International Dominates; also, if it is shown that Foreign ownership or investors conduct becomes negative to the Company, or Corporation of their involvement during the (6) years of transition allowed, upon proof and a court’s order, transition may be expedited. No money from either the US National Stock Market, or the US International Stock Market can be invested by redirecting it into any foreign stock markets or exchanges; note: this does not prevent anyone from investing in any foreign stock market or exchange, as stated above, pay your taxes and make your investment.

Note: International Competition - the thing that makes a person or a country strong is competition, the greater the resistance you face and over come the stronger you will be. It is the same in all areas of life, if you want to win you have to put in the effort to succeed. But - if one has the ability to buy, payoff or cheat another who is better than they are, they might claim them self as the winner – but they will still be a loser. There is an old saying, “he that dies with the most toys wins,” but – He that control's Heaven's calculator will decide the true winner.

SECTION 2 – International: Any and all operations, facilities, products made, produced or services rendered by any US Company, Corporation, or Individual and (NOT) generated within the areas and boundaries of the United States or it’s Trust Areas will be considered International and subject to the following: Any money, or other value, invested in the US International Stock Market, or any Foreign Stock Market, will be treated as Profit and must show that all appropriate taxes have been paid on the money involved, without regard to any other values of profit or loss of the investor. No write-off of any kind on any US Taxes of losses from Foreign Investment(s), Stock Market, or non-Stock Market activity including the US International Market. All Foreign Investments will be treated individually as they may relate to profit and loss. Any profit(s) made on Foreign Investments that are brought back into the United States will be subject to appropriate profit Tax on the amount above that which was originally invested and has shown the original amount of Tax paid. Example: If you invested $1,000 in a company registered on a foreign stock or the US International Market or Exchange and have already paid the Tax on the $1,000 – if you made $2,000 and brought back into the US the full $3,000 - you would only be taxed on the $2,000. If you invested the $1,000 and lost $500 and brought that back into the US that amount would not be subject to any tax; but, no losses on any kind of foreign investments will be recorded as losses on any US Tax Document. No US tax money will be used to bailout any non US Government International debt. All records of Foreign Investments must be maintained and any investment money brought into the US must reveal the original source of the money. Money earned and exchanged from one foreign stock exchange to another and not originating from the US will be treated as, and Taxed as, profit if/when brought into the US, regardless of profit or loss, relating to its origin. Any act or attempt, to launder money via a Foreign Stock Market, or any Foreign Investment will result in a fine of not less than Ten Times (10) the amount in question and mandatory imprisonment of the maximum jail time relating to Money Laundering.

NOTE: Part of the reason for the separate stock markets is - if the US economy slows down or falters it does not have as great of effect on other economies or stock markets and vise-versa. Also a future proposal will balloon prosperity, which is needed, but unfortunately inflation will go beyond realities needs if not put in check; along with this proposal and a couple of other safeguards, prosperity can occur based upon need and not greed; and not just for the US, but if the Citizens of other Democratic Countries wait until we get our own house in order and in the mean time insure that they are in charge and it is written in their Constitutions that they are the Government, with the power to enact, their economies will balloon as well. Just a thought in passing: I don’t think most investors in the Stock Markets give a lot of thought to where their money ends up; GM for example, may have a plant in your town and you buy GM stock thinking you are helping maintain and supporting the workers down the street - however – the truth is, GM (or anyone else) can spend your money in any country they want, without regards to the needs of the people in your community. FACT: Hundreds of Billions of Dollars of US Stock Market Money ends up invested in Foreign Countries (period)

Something Old - Nothing New

“We have lived to witness one of the most extraordinary paradoxes that have ever puzzled the world:

General poverty produced by universal plenty!

The earth has been sick of a plethora, and her bowels have burst with their abundance,

and yet distress and want were never so universal.”

Hannah More: Village Politics – 1793

If after reviewing this proposal you favor it - please petition your elected State and Federal Officials and let them know of your support of it and of your desire to have it become part of the Constitution.

www.firstgov.gov

On His behalf – James

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Please give serious thought to the following: That which is last shall be first (Article - 7) and that which is first shall be last (Article - 1)….7-6-5-4-3-2-1™ - that is the order in which that you should have your legislators vote on supporting the proposals as amendments. There will be those who will try to delay the passage of some of the Articles in hopes of trying to find away around the Righteousness of the proposals for personal and/or political gain and advantage on behalf of themselves (and especially their major political contributors) by enacting Article - 1 first as an attempt to delay some of the proposals.

PS: I am sure that this proposal lacks some of the grammaticalness that should be part of its linguistics; however, having only a computer spell check and thesaurus - along with my eighth grade education as a prove reader – some grammar as need be, will be adjusted “BY ME” - but the intent of, or spirit of the proposal will remain the same and no corrections by anyone is allowed without my written permission.   -  James

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