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A.L.A. - 6

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


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 U.S. headquartered Companies and Corporations only.
 
International - which will encompass all activities of investment outside of the United States and its Trust Territories by U.S. headquartered Companies and Corporations only?
 
No Foreign, or non U.S. headquartered Companies or Corporations will be listed on any United States Stock Market or Exchanges.

NOTE: Wall Street and our other markets should only be for and concentrating on the U.S. economy; non U.S. Companies and Corporations should never be allowed into the structure of them as their activities while seemingly beneficial, may very well be counter productive. Upon acceptance of this proposal, Righteous and profitable details will be provided relating to foreign activities that will be allowed involvement in the U.S. economy.

PART – 3 Citizens of the United States and Lawfully Registered non U.S. Citizens residing in the United States will be allowed to invest in both the US National Stock Markets and/or Exchanges; and U.S. International Markets and/or Exchanges.

 

Non U.S. Citizens and non registered persons residing in the United States and those illegally in the United States will not be allowed to invest in any U.S. 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 U.S. 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 U.S. 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, or other disclosable usage in foreign countries, which will be subject to review and usage 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 Upon the closing bell on the last day of all current Stock Market(s) and their structures, changes being made in those stock markets and all values of their stocks will be divided 50/50 National/International within the folders of everyone and anyone, including promised Stock or deferred agreed upon Stock based upon contractual agreements will also be divided; unless the stock can prove it has no relationship to foreign activities in which cases(s) the full value will be National.

 

Any attempt to circumvent the language of this Amendment, before it has become fully active, by means in violation of normal trading practices, for the sake of profit or control of a stock, will be subject to the Rules of Laws covering Insider Trading when it does becomes known.

NOTE: Once this proposal is Law, there are greater things to be made known and coming for both the U.S. economy and other countries economies that are beyond your foresight – so don’t try second guessing the future - or you may lose.

PART – 6 On the first opening day after the split, any new Stock may be bought and sold as desired in either the National or International markets, subject to the language of this Amendment, but all National stock that was part of the split may not be sold or traded until Thirty (30) Days from the date of the split and its value will be frozen at its worth at the time of the split until the allowable sell date, at which time the stock’s value will be adjusted to market day value.

PART – 7 Any new International Stock may be bought and sold as desired after the split, subject to the language of this Amendment, but any stock that was part of the split may not be sold or traded until One Hundred and Twenty (120) Days from the date of the split and its value will be frozen at its worth at the time of the split until the allowable sell date, at which time the stock’s value will be adjusted to market day value.
 
Example: If you have 100 shares of company X – those shares would be divided 50% National and 50% International with the value of each stock and their number remaining frozen until their allowable sell dates.
 
Reasoning: To allow both markets a chance to adjust to the necessary changes that will have to be made; and too lessen as much as possible any negative effects on foreign operations – in fact, some foreign operations may have more investment value as a result of the 50/50 division.
 
While either National or International Stocks can be bought, sold or traded on or after there appropriate dates, at no time can they be traded between each other. Simply, you can buy or sell one or the other, but not exchange one for the other; however, you could trade National for National or International for International within the same market structure with all transactions within the boundaries of this Amendment; and any profit or loss involved in a trade will be treated accordingly with the tax related valuations of this Amendment.  

NOTE: Foreign concerns - and I am sure there will be many and will be strongly expressed – but once we get our own house in order and if they are willing to agree with Democratic and Righteous competitive trade, their own economies and people can and will strongly benefit from our willingness to take this needed Righteous action; and as our economy recovers, it will pull other economies upward with it.

PART – 8 All accounting practices including banking, personnel expenses, office space, etc., or any and all other activates will be totally treated as separate business activities and only the National will be treated with standard allowable business expenses write-offs, subject to any other language of this Amendment or any other Amendment or regulations; only allowable International expenses are strictly limited to activities within and beneficial to the U.S. economy.
 
Example: Office Space, Utilities, Personnel expenses of a U.S. Citizen or Lawful Resident while active within the U.S. and purchases of Made in the USA items for use in the USA or Foreign usage would be allowable expenses; foreign made items that are not available in the U.S. and are intended for use in the U.S. only, would be allowable expenses – but, only if the item(s) are not affiliated in anyway with the US user and it is a pure purchase without other considerations involved. Any time or expense relating to activity outside the U.S. would not be allowable deductions.

PART – 9 Not–for-profit money invested in any foreign stock markets or the U.S. International Stock Market that originates 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 U.S. Stock Markets or Exchanges (National or International) will remain subject to current laws of accountability where not in conflict with this Amendment.

PART – 10 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, or paid them while working on their behalf as an independent contractor, or paid on a commission basis or salary.
 
Based on a standard forty (40) hour work week, any amount paid to anyone above Twenty (20) 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. Twenty (20) times that amount would be $332,800.00 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 (100) 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 Hundred (100) 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 Twenty (20) 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 Twenty (20) times minimum wage (when paid) would be subject to all taxes by both parties. Both would still be subject to normal taxes and tax allowances up to the Twenty (20) times 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 and/or personal enterprises that show the same Twenty (20) times minimum wage profit, or more, will be subject to the same percentage of taxes.
 
Any amount paid or earned above the Twenty (20) 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 Twenty (20) times amount.
 
Any Tax Laws more stringent or not in conflict with this Amendment will remain enforce as it relates to business and/or personal taxing requirements.

PART – 11 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 – 12 The Congress shall have power to enforce by appropriate legislation the provisions of this Article.

PART – 13 The Title of this Amendment will be known as: Abundant Life Amendment - Article Six.

PART – 14 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 percent (10%) may be invested in other Democratic countries if the investment can show a true benefit to the U.S. economy from the investment without any negative effect on the U.S. economy.
 
No partnership with their own, or other U.S. International Stock Market activities as it relates to the (10%) allowed. Note: Simply speaking, buying something cheaper and selling it for less in the U.S. 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(s) 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 U.S. International Stock Market as Foreign involvement is prohibited in the U.S. National Stock Market: No U.S. Company, Corporation or any type of business listed on the U.S. International Stock Market(s) or Exchange(s) 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 two (2) years - but, no new Foreign investment amounts may be added to current holdings if the holdings would exceed the above listed percentages - before the end of the two (2) years time, current holdings above that amount must be diversified per Fair Market Value to compliance of this Article.
 
United States generated Agriculture Commodities and all (future) Natural Resources will be excluded from Foreign Investment and/or oversight upon this Article becoming Law; with the exception that Natural Resources will be allowed four (4) years transition into full compliance of this Article, at which time contracted involvement as may be appropriate will or maybe be allowed. Note: Details of related values that may be involved in these changes will be made known after acceptance of the Amendment and Righteous detailed contracted rules provided, including compensation for foreign investors. There is nothing in this proposal done with the intent of causing harm or loss to foreign investors – but only allowing for the US to regain control of its own assets.
 
If it is shown that foreign ownership or investors conduct becomes negative to the Company, or Corporation of their involvement during the four (4) years of transition allowed, upon proof and a court’s order, transition may be expedited. No money from either the U.S. National Stock Market or the U.S. International Stock Market can be invested by redirecting it into any foreign stock markets or exchanges; note: this does not prevent anyone from personally investing in any foreign stock market or exchange - pay your taxes and make your investment where ever you like.

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. All U.S. International investments will be treated individually as they may relate to profit and loss.

 

Any profit(s) made on the U.S. International Markets will be subject to appropriate profit Tax; but, no write-off of any kind on U.S. Taxes of losses from Investment(s) in the U.S. International Market(s) or any foreign stock market.

 

Investments in any non U.S. foreign stock markets, any amount invested originating from within the United States, must show that the amounts invested are clear of any tax liabilities.

 

Any profit(s) made on the U.S. International Markets, or any foreign stock market, will be subject to appropriate profit Tax on the amount above that which was originally invested and has shown the Tax on the original amount has already been paid. Example: If you invested $1,000 in a company registered on the U.S. International Market, or on a foreign stock market or exchange and have already paid the Tax on the $1,000 – if you made $2,000 and withdrew the full $3,000 - you would only be taxed on the $2,000. If you invested the $1,000 and lost $500 and withdrew that amount, that amount would not be subject to any Tax as that money had already paid its Tax; but, no losses on any kind of foreign investments will be recorded as losses on any US Tax Document.

 

All records of foreign investments must be maintained and any investment money not originating from within the U.S. and brought into the U.S. must reveal the original source of the money. Money earned and exchanged from one foreign stock exchange to another and not originating from the U.S. will be treated as, and Taxed as, profit if/when brought into the U.S., 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 (10) Times the amount in question and mandatory imprisonment of the maximum jail time relating to Money Laundering.

 

In order to be listed on the United States International Stock Market or Exchanges a Corporation or Company must first be eligible and listed on the U.S. National Stock Market or other U.S. Exchange.

 

No U.S. Tax money will be used to bailout any non U.S. Government International debt.

NOTE: Part of the reason for the separate stock markets is, if the U.S. 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 U.S., 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 U.S. Stock Market Money ends up invested in Foreign Countries AND the Politicians (both parties) in Washington allow this.

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.

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