Speech Transcribed 

Tax Reorganization in California

"There have been many solutions offered to transition our tax code over the last three decades during the technology revolution. Due to numerous reasons—chiefly the collusion between political decision‑makers and economic leadership—none of those proposals were ever fully implemented or even taken seriously. I have been told, repeatedly since 2007, that we won’t be able to introduce any of these solutions until the economic system collapses or until voters, feeling the pain of rising living‑costs, and elect someone who will actually apply what is needed."

Why Conventional Solutions Miss the Mark 

"The “atheist‑Marxist class‑warfare” idea of taxing the billionaires who create jobs, fund charities, hospitals, and new businesses is not the answer. Economics 101 has proven, time and again, that punitive taxes on wealth destroy the very engines of growth we rely on."

A Single Viable Solution

"There is, however, one billionaire who has a viable solution for individuals in California who earn less than $250,000 a year. For the years 2026 and 2027, every federal income‑tax payment made by those Californians would be reimbursed while we restructure the entire California tax code and redirect revenues toward the infrastructure, social‑safety‑nets, and health‑care services that are needed. This solution is legal and will become the benchmark for other states plagued by fraud, abuse of taxpayer money, and ineffective federal programs. President Trump will be watching this closely and will stamp his approval on the implementation."

Why Crypto Is Central to the Plan

"When automation wipes out large swaths of traditional payroll and personal‑income‑tax receipts, governments need new, reliable sources of public money. The cryptocurrency sector—by virtue of its digital‑asset nature, high‑velocity transactions, and emerging financial‑services layer—offers several concrete levers that can be turned into tax‑friendly revenue streams." (Scott Shields, 2007)

The Regulatory Landscape

"While Many May Believe They Could Be Johnny Come Lately And Apply The Solutions - Scott Spent 2 Months In Washington DC After President Trumps Election, Attempting To Explain To The SEC, Treasury, Commodities Futures Trading Commission, The Crypto Commission And Crypto Caucus How Best To Implement The Needs Of The Public Sector And The Wants Of The Private Sector. While President Trump Relies On These Agencies & Organizations To Develop And Implement The Correct Solutions, They Cannot Do So Because Of Their Bureaucratic Allegiances Of All The Following:"

"In the United States, beyond the SEC, Treasury, and CFTC, agencies such as FinCEN, the OCC, the Federal Reserve, CFPB, NCUA, DOJ, FDIC, OFAC, and numerous state regulators play pivotal roles in supervising crypto‑related activities ranging from AML compliance to consumer protection and banking safety. Globally, each major economy has a dedicated financial‑services regulator (e.g., FCA, MAS, BaFin, ASIC, FINMA) plus a central bank that oversees payments and stablecoins. The FATF provides the overarching AML/CTF standard that ties them together. Coordination is unattainable multilateral: MiCA in Europe, FATF’s Travel Rule, and G20 statements are pushing toward a more dreamland harmonized global regime, while national authorities wish to retain jurisdiction over securities, banking, and consumer‑protection aspects. None of this collusion and possible corruption represents decentralization of the separation of powers which Americas Founding Principles are built on, as well as, what the Crypto Sector was built on."

Strategic Choices – Where to Start

"I informed my lobbyist that, because of this fragmented regulatory landscape, it is best to apply the correct solution at the state level first, followed by other states. I gave my opinion, that the federal government and worldwide authorities have zero ability to achieve the required results without causing major downstream calamities. It is therefore better to do nothing in Washington, D.C., and worldwide than to apply what these agencies and organizations are attempting. Please pass this on to the President; I will try to implement it in California. My lobbyist asked me, why don't I go to Arkansas, where I would only have to deal with Governor Huckabee Sanders and cooperative economic leadership. I replied that I have lived in California for over forty years, so I will attempt the plan there first". I added:

"Argentina might also be an option, but I must try my home state first. If America cannot “DeMarxify Itself” as Argentina has begun to do, then it clearly becomes an alternative. Arkansas could probably DeMarxify very quickly and become the wealthiest state in the Union. Let’s hope California voters decide that California is the right location to lead this transformation."

Call To Action

“California voters, the choice is yours. Approve a bold, legally sound plan that reimburses your federal taxes, modernizes our tax code, and invests in the services you need most. Let us show the country that responsible, innovative fiscal policy is possible—without the heavy hand of class warfare or endless bureaucratic gridlock. Together we can set a new standard for the United States and inspire the rest of the world.”