Time to Legalize Counterfeiting
June 8, 2009
Contributed By Harold Witkov
Many Americans today believe certain illegal vices in our society should be decriminalized, taxed, and regulated. The most popular of these vices include marijuana smoking, prostitution, and all forms of gambling. The proponents for decriminalization believe that the new tax revenues produced would help support schools, healthcare, and the impoverished, ease the pain of taxpayers, and reduce the deficit. They also believe that transgressions such as these will take place no matter, but, if properly regulated, would be safer for society in general. It would be a win, win situation.
Unfortunately, when it comes to lowering taxes and helping the downtrodden, the best-laid government plans seem to fall short of expectations. However, there is one vice, one small illegal indiscretion, that, if decriminalized would solve all our problems. The United States needs to legalize the victimless crime known as counterfeiting.
Once legalized, counterfeiting would be for everyone. This could be accomplished by making Federal Reserve paper (complete with silk threads, watermarks, etc.) available to the public. With the correct paper, most computers with the right software would have no trouble replicating U.S. currency. If a household did not have a computer, special over-the-counter counterfeit kits could be made available, with instructions in both English and Spanish.
Once in place, universal counterfeiting would prove to be the ultimate stimulus package for the economy. Employees would always have enough money and never have to go on strike. Citizens would have no trouble paying their mortgages and never face foreclosure. Everyone would gladly pay his or her taxes and there would be no need to have an IRS.
Free market consumerism would return with a flourish. People would purchase whatever they wanted and stores would only have to worry about having enough merchandise on hand. Stores could charge the consumer whatever they wanted and the consumer could still afford it. Every shopping day would be like the day after Thanksgiving and the day before Christmas.
Once legalized, counterfeiting would still have to be regulated. Parity and fairness would dictate that families earning over $250,000 would only be allowed to print $1, $2, $5 and $10 denominations. Families with combined incomes of less than $250,000 could print $20 and $50 bills. The unemployed could print $100 bills, and ACORN workers and UAW members would be entitled to counterfeit a new denomination, something even larger than the $100 bill (with President Obama on the front).
Universal counterfeiting could be the entitlement program that ends all other entitlement programs and sets us free. It is time to stand up and tell our legislators we want universal counterfeiting. If they protest, "You cannot just print money," then promptly respond in kind, "Why not? It works for you."