Boulderite backs boomsday scenario

Boulderite Scott A. Smith has a plan to balance the federal budget, pay off the national debt in eight years, and in the process whittle the federal income tax down to next to nothing.

It sounds too good to be true, but Smith believes his plan could work.

The serial entrepreneur this year co-founded the Partnership for a New Economy, with the goal of promoting and putting into place his revolutionary four-point plan for the U.S. economy.

The key to Smith’s four-part plan is taxing the flow of financial transactions taking place every nanosecond of every day – a whopping $2,510 trillion in…