Nowadays the official financial equity of all private persons in Belgium amounts to 1.150 billion euro, mainly consisting of:
- Saving-, Current- and Deposit accounts 324 billion euro
- Shares 275
- Life insurance products 180
- Investment funds 145
- Bonds 81
- Pension funds 75
- Cash 30
The corresponding financial obligations are roughly 250 billion euro, mainly composed of mortgage loans, reflecting a net financial equity of about 900 billion euro.
The yearly earnings of the global Belgian government are about 205 billion euro, in relation with 215 billion euro expenditures. The accumulated Belgian governmental debt is approximately 400 billion euro. Earnings as well as expenditures are mostly related to the private equity. So far the enrolment of the official capital.
As far as the unofficial equity concerns we can be very brief, namely it is unofficial and unknown! Because of the existing banking secret and the uncontrollable money flow, it is ‘deliberated’ impossible to make a proper estimation of the non-registered and untaxed financial means. However it is a public secret that the unofficial property is considerably significant.
This is the real cause of the crisis and at the same time the only logical solution! A waterproof enrolment of all equity can only be realized through implicit abolishment of cash money and exclusive use of digital money. Through the detailed registration of the global expenditures, all income will be recorded. The equivalent of fraud money automatically will become official. Each income will be subject to a transparent, proportional and fair but substantial lower social and fiscal taxation. Supposing hypothetically, the unofficial capital would be as much as the official private equity, actual taxation could be halved correspondingly. The average purchasing power will be higher, spending’s fundamentally will be encouraged. Employment will boost and the crisis will be solved!
The key message is that only a fair and healthy financial management can guarantee a decent existence for everyone. Consequently, the present criminality and terrorism will also fall. Sick minds always will continue to exist, poverty however can be attacked and eliminated.
A ‘black’ economy cannot survive without a ‘white’ economy. A ‘white’ economy only will become better without a ‘black’ economy!