The writing is on the wall (street, that is), and is telling us that we need to reaffirm the United States as the dominant force in the global economy, and we must do more to protect our citizens' retirement and investment programs.
Most economic research suggests that the tax code replacement surgery is essential for long-term economic progress. The goal of my plan is to ensure that they do not complain of ten years about the same things that trouble you today. Here's a fifteen-point plan to end the cycles of economic frustration and global disrespect during this administration:
One Take Social Security from the public and replaced by a mandatory scheme the deferred benefits, fixed, single-life annuity program Maintained by providers of existing annuities. Employee contributions would be reduced by almost 50% and employer contributions eliminated over a period of five years — immediate application for freelancers. The participants have no investment discretion or access to funds until retirement.
Two. Mandate that no less than 50% of all self-directed benefit plan of operations will be invested in government securities, and not qualified for withdrawal until retirement. Bring all alternative investments (options commodities futures, hedge funds, etc) under the supervision of the SEC, and subject to the same standards of fitness that the recommendations of RIA's.
Three. Institute a 3% federal sales tax on all goods and services purchased by end consumers, but not VAT. Subsidize a universal basic health care health insurance and public education expenses from sales taxes more 5% tax on personal annual income, of any kind, in excess of $ 5 million. Cap State and local taxes at 3%. Eliminate all nuisance taxes in utility bills, hotel room expenses, gas prices, etc.
Four. Tort Law Reform at all levels, and protect both companies and individuals from frivolous lawsuits. Adopt a standard of personal responsibility for their own stupidity and clumsiness. Submit any product liability, negligence medical claims and demands personal responsibility to qualified arbitration panels instead of juries. Class action suits to ban all types and jury awards and lawyer PAC compensation to 50% lower than average levels.
Five. Remove all goods and gift.
Six. The mandate a limit of ten years to all members of Congress, retroactively, and impose a mandatory retirement age of judges of the Supreme Court. Reduce compensation from the Congress of taxpayers by 50%.
Seven. Simplify the Internal Revenue Code by the adoption of an equitable tax 10% for all persons with annual employment income above $ 40,000. Eliminate all forms of tax deferral and stock option programs that available proportionately to every company employee. State and local taxes would be subject to a flat 4% of household income above $ 80,000. The tax avoidance schemes would also be banned — 10 years retroactively.
Eight. Abolish all taxation on any form retirement income.
Nine. Abolish all taxation on any form of investment income, including rents, royalties, interest, dividends and capital gains. Increase the federal sales tax by 2% once numbers 8 and 9 have been implemented.
Ten. Eliminate the Corporate Tax and create auditing entities to ensure that the savings translate into new jobs, higher salaries for non minimum-wage workers, prices products lower and higher dividends for shareholders.
Once. Appoint federal supervisors to the Board of Directors of public companies to pay annual salaries of more than $ 3 million. Board members, corporate attorneys and financial officers are required to allocate performance incentive compensation on a dollar for dollar for all employees, including part-timers but excluding minimum wage recipients.
Twelve. To examine the impact government economic regulation and oversight in many industries, particularly small business practitioners in personal services fields. Provide an arbitration system and review to identify and control abuses of regulatory power and a separate department within each agency to address small companies.
Thirteen. Reduce government staff in all departments and at all levels at least 10% per year over the next three to five years. Reduce in 50% the number of jobs filled by presidential appointment Government.
Fourteen. Reduce all import tariffs to zero for countries that reciprocity and to ensure the quality of its exports.
Fifteen. Set up a relief fund for victims of disasters of all types of natural disasters throughout the U.S..
In all instances, regulatory services are necessary to ensure implementation consistent with the intent of the new code. Any person or entity that takes advantage of loopholes in the new rules, or manipulates normal operations to match new definitions will be fined. Its legal advisors and tax, if any, will be responsible for 60% of the fine.
The plan outlined here is investor and ecological economics. When jobs are lost work, new entities will be needed, based on the premise that regulated capitalism can work well. As buyers and homeowners, as retirees and employees, entrepreneurs and investors, this is the reform plan we need.
Is it real? Could be. The investors represent the largest block voting in the country. We elect the next president, change the tax code, fix Social Security, and strengthen the economy. If only they were not the most apathetic group of people on the planet. As investors, we want less government, lower taxes, and regulation of a purpose. We want laws that freedom of economic aid, and legislators and judges who facilitate it.
Survey Question: What is vote for the person with the courage to propose this plan?
Fighting for the Soul of Native America — USA
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