How a Transaction Tax and a Sovereign Wealth Fund Can End Debt, Restore Trust, and Fund America Forever
This book proposes a fundamentally different approach to taxation and funding the governement: by replacing the entire federal tax code with a single, one-percent General Transaction Tax collected automatically at settlement across modern payment systems.
Note: See the infographic below that shows how the proposed One Percent Solution works.
Written by Edward Thurston, Narrated by Rich Germaine. Foreword and Aftwerword written and narrated by Jim Stovall, author of the New York Times best seller, The Ultimate Gift.
Length: 2HRs:31Min with digital voice of Rich Germaine
Listen to a sample
| $9.95 |
Audiobook Description
How a Transaction Tax and a Sovereign Wealth Fund Can End Debt, Restore Trust, and Fund America Forever
The One Percent Solution challenges the foundations of America’s tax system, arguing that it was built for an industrial economy that no longer exists. Despite record tax collections, the federal government remains permanently indebted, while households and businesses face growing complexity, compliance costs, and economic distortion. The problem, the book contends, is not political ideology—but a system that punishes work, rewards avoidance, and concentrates fiscal power in the wrong places.
How It Works
The book proposes a bold alternative: replace the entire federal tax code with a single, one-percent General Transaction Tax collected automatically at settlement across modern payment systems. By taxing money in motion rather than income after it is earned, the system harnesses the immense scale of today’s transaction volumes to fund government without filings, audits, payroll taxes, or income reporting—allowing Americans to keep 100 percent of what they earn.
Crucially, The One Percent Solution pairs this tax with a structural safeguard: a constitutionally protected Sovereign Wealth Fund of the People that receives all transaction-tax revenue and distributes funds to government only within strict, balanced rules. The result is a permanently solvent public-finance system capable of funding healthcare, income security, retirement, education, defense, and rapid debt elimination—while restoring growth, transparency, and trust. This is not a new tax burden, but a system upgrade—one that asks the economy to work smarter, not harder.
