Abolition of Income Tax and Usury Party
Abolition of Income Tax and Usury Party | |
|---|---|
| File:PartylogofinalimageJuly02 AITUP.gif | |
| Leader | Stephen Goodson |
| Founded | 1994 |
| Headquarters | Pringle Bay |
| Slogan | Progress and Prosperity |
| Website | |
| www | |
The Abolition of Income Tax and Usury Party was a South African political party founded in 1994.
Objectives
Its principal objective was monetary reform, which it wished to achieve by the establishment of a state bank, which would issue all South Africas credit free of interest. This would, the party believed, enable the abolition of personal income tax, a reduction in value added tax (14%) and a substantial expansion of social upliftment programmes.
Commercial banks and private banks, which currently provide the nation's money supply at interest by means of fractional reserves, would become full reserve banks.[1] The party has, unsuccessfully, contested one national and three local government elections.
Election results
National elections
| Election | Votes | % | Seats |
|---|---|---|---|
| 1999 | 10,611 | 0.07 | 0 |
Stephen Goodson
The party's former leader, Stephen Goodson, who has since joined the Ubuntu Party, is a former director of the South African Reserve Bank (2003–12).[2] Goodson is a leading expert on the intricacies of central banking and monetary reform and in 2014 published A History of Central Banking and the Enslavement of Mankind[3] and Inside the South African Reserve Bank Its Origins and Secrets Exposed.[4] References[edit]
