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Name one single regulation you would end, and tell us by how much production would increase by ending it. Every civilized country in the world has a minimum wage; that's not going down and it's not going away.
1996 called. They want their stupid tax proposal back. This is a regressive tax structure. That's what we have now (this is even more regressive), and it's one reason why the income inequality in this country is getting worse everyday.
Oh, the old refrain of "cut spending," "it's out of control!" without listing a single thing you would cut. You will not make a dent unless you cut social security, medicare, and/or defense. So which of those will you cut, and what is your solution to the backlash that will ensue? How many old people's benefits would you like to eliminate?
Right, highly unlikely, because all you did was spew GOP talking points from the past ten years. (Actually like 20 years with that ridiculous Steve Forbes flat tax proposal.)
What to cut?
1. Close all foreign military bases with the exception of one base in each of strategic theaters
2. raise social security eligibility to age 70
3. raise medicare eligibility to age 70
4. allow only two years enrollment under medicaid for a ten year period
5. balanced budget amendment
6. eliminate the departments of energy and education
7. ban the EPA- those decisions can be made by congress
8. turn control of medicare and social security to the states- we have duplication of services
9. ban any state or federal expenditures for non-citizens
10. when predicted mortality is greater than 95%, stop medical treatment (except pain control) to all those on government healthcare (medicare or social security)
11. allow energy exploration on federal lands
12. stop the war on coal
13. cut corporate taxes to 15% flat rate
14. personal income taxes 20% flat rate
15. return election of US senators to the state legislatures, rather than state elections
16. ban lobbying
17. stop agricultural subsidies for "CRP" programs
18. cap military spending at 20% of previous year's revenues
19. stop NAFTA and China most favored nation trade policies
20. enforce illegal immigration
If some control is not achieved (it will not, as our representatives have never shown fiscal restraint), at some point states will be forced to break away from the US, rather than suffer the economic consequences of federal irresponsibility.
I actually do think taxes are the answer. I would propose a penny tax on all items purchased in our country except grocery items, to go towards paying down the debt over a ten year period.
1. Close all foreign military bases with the exception of one base in each of strategic theaters
2. raise social security eligibility to age 70
3. raise medicare eligibility to age 70
4. allow only two years enrollment under medicaid for a ten year period
5. balanced budget amendment
6. eliminate the departments of energy and education
7. ban the EPA- those decisions can be made by congress
8. turn control of medicare and social security to the states- we have duplication of services
9. ban any state or federal expenditures for non-citizens
10. when predicted mortality is greater than 95%, stop medical treatment (except pain control) to all those on government healthcare (medicare or social security)
11. allow energy exploration on federal lands
12. stop the war on coal
13. cut corporate taxes to 15% flat rate
14. personal income taxes 20% flat rate
15. return election of US senators to the state legislatures, rather than state elections
16. ban lobbying
17. stop agricultural subsidies for "CRP" programs
18. cap military spending at 20% of previous year's revenues
19. stop NAFTA and China most favored nation trade policies
20. enforce illegal immigration
If some control is not achieved (it will not, as our representatives have never shown fiscal restraint), at some point states will be forced to break away from the US, rather than suffer the economic consequences of federal irresponsibility.
For the bold above and especially the red, I don't understand how they will be of any benefit fiscally.
Why would we not want our senators elected by the populace who they will represent?
Thay'll change them to something else and you won't get a dime.
Maybe you should start removing government restrictions on ORDINARY business instead, and see if you can free people up enough to get some genuine economic activity?
They are raring to go. Only government is holding them back, with all these restrictions and uncertainty as to what government will do next. Why don't you get out of the way? Do you honestly believe things will get WORSE than they are now? Or better?
Change into what? Derivatives are not a specific category, it's a very broad category. SO, what are they going to change it into that it won't be taxed?
For the bold above and especially the red, I don't understand how they will be of any benefit fiscally.
Why would we not want our senators elected by the populace who they will represent?
Because they believe that more Republicans will be elected that way. Same reason they don't ever want the District of Columbia to have congressional representation. It would mean an extra Democrat in the House and two in the Senate.
More taxes are the answer. Tax Wall St. derivatives a 1% per transaction. That will raise trillions in revenue. Our national debt problem would be gone. Send a couple trillion of that to the states to finance infrastructure projects at 0% coupon rates, financed by the Federal Reserve, and that will result in a multiplier effect, raising even more tax revenues
I actually do think taxes are the answer. I would propose a penny tax on all items purchased in our country except grocery items, to go towards paying down the debt over a ten year period.
Two questions
How much will that raise?
How do you guarantee that this money is applied to the debt?
If deficits remain we will just be adding to the debt just at a slower rate
As things are progressing today... one answer comes to mind.. go bankrupt.
It isn't possible for the US government to go bankrupt. Taxes can be raised, services can be cut, the dollar can be devalued, entitlements can be changed, debt can be inflated, but bankruptcy isn't an option.
I actually do think taxes are the answer. I would propose a penny tax on all items purchased in our country except grocery items, to go towards paying down the debt over a ten year period.
not a bad idea, however you do have to remember that we are talking about the government here, and they havent met a tax they dont like. what is to stop the government from making the tax permanent? and what is to stop the government from making the tax bigger?
three years ago here in arizona we added a one cent sales tax to everything, and it was designed to last three years only and then go away. everything went to plan until it came time for the tax to go away. at that point there was a movement to make the tax permanent, fortunately jan brewer opposed the move, and i dont remember if the bill died in the legislature, or if brewer vetoed the bill. either way that is the first time in many years that a tax was eliminated by the government. the last time in arizona was when we eliminated the tax on groceries.
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