Old Title: A Flat Tax AND Wealth Cap To Distribute the American Dream So the smallest Americans rise with the strongest Americans.
NEW TITLE is: A Friendly 5% Flat Tax AND GREED Cap of 99% To Make Americans Dream Achievers Friendlier with America’s Youngest in pursuit of the Dream. The SMALLEST Americans should rise with the STRONGEST Americans.
Introduction:
To buffer the disparities created by rapid wealth accumulation in modern high-tech free market capitalism, this policy proposes a structured taxation system designed to promote economic merit and equity that, incentivizes the meritorious to help the weakest, and ensure that wealth growth at the top is contingent upon improvements at the bottom of the economic pyramid.
MAGA Tax Policy Proposal
5% Flat Tax with a wealth (greed) cap 99% tax System:
- If you have less than $50 Million in the bank you are poor in America and your taxes will be 5%: (with no tax on tips)
- Flat Tax Rate: 5% on everything. This low rate encourages economic growth and personal investment without disproportionately burdening the middle class or small businesses.
- If you have over $50 Million you are rich and have a 99% tax on what’s over 50 million:
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A 99% tax on High Wealth at the greed Cap of 50 million (for now):
*Tax everything above $50 Million BUT BUT BUT the CAP can MOVE proportionate to our youngest citizens ability to read, write and math. Key the wealth/greed cap of 50 million directly to seeing our CHILDREN (our future AMerican caretakers) on percentage reading, writing, and mathing better and sooner.
Keyed especially to the weakest youngest American citizens. Meaning the rich cannot rise higher if there are American children who cannot read. The better they read the higher you can rise. Fact is a child who reads is much less likely to become a violent criminal. etc.
* Another exception will exist to incentivize more inventers than game players. The inventors will cap at 200 million the speculators and bankers will cap at 10 million. If you want to make more become a doctor, builder, or scientist. Also own a company that contributes to job creation, GDP and child literacy and the threshold is higher. This is to incentivize American Dream distribution through economic development rather than personal accumulation of big toys while the poor still can’t read. Reading, writing and math is the key to self-help and American wisdom.
Adjustable Wealth/ Greed Caps:
Greed under our preamble is un-American. Meaning in America, Americans are NOT supposed to be RICH; WE ARE supposed to be fellow citizen KINGS in an abundant land or Constitutional KINGDOM. In line with the adage “Every man’s home is his castle.”
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Dynamic Greed Cap Adjustment:
- The $50 million cap on GREED triggering the 99% gross tax rate, FIRST should be periodically adjusted based on national EDUCATION primarily on reading and math scores. THEN economic factors of inflation, GDP growth, in the averages of the lower economic strata. This ensures that the policy remains relevant and fair over time.
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Differentiated Caps Based on Contribution: (for wisdom’s sake)
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Inventors and Innovators: The greed Cap could be set at a higher level, say $200 million, in recognition of their contributions to technological or societal advancements.
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Financial Speculators and Usery Bankers, for them, a lower greed cap, perhaps at $10 million, due to the perceived lower contribution to real economic growth or societal welfare.
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Additional Measures:
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Tariffs:
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Implement high tariffs on ALL foreign goods imports (NOT only luxury) to protect the domestic money multiplier effects; protect our jobs.
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Sales Tax:
- A small, uniform sales tax could be applied to ensure everyone contributes to national revenue, BUT NO tax on tips.
Philosophical Underpinning:
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Fairness and Contribution: The ethos of this policy revolves around the idea that wealth should correlate with our good American citizens being able to understand their constitution and participate in the genius and abundance of America. Those who directly enhance the possibility of the American dream happening for the most Americans (like doctors or inventors) are incentivized more than those who might profit from financial maneuvers with less tangible societal benefits.
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Proportionality: The policy seeks to address the disproportionate benefits accrued by leveraging technology or market fluctuations by setting caps that reflect contributions to the real economy.
Implementation Considerations:
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Monitoring and Enforcement: Robust apps must make contributions to GDP, job creation, and to induce a sense of charity not tax evasion.
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Public Discourse and Adjustment: Given the uniqueness of such a tax system, it should be introduced with a public referendum or extensive legislative debate to ensure it aligns with the will of the people and can be adjusted as needed based on educational outcomes. I say education NOT economic because wealth in America is not more money BUT happy thriving grandchildren.
This policy aims to redistribute wealth in a manner that encourages real economic activity while curbing what could be perceived as excessive gains by gambling on stocks, aligning with a vision where economic success is tied to children being able to read and math better than ever. If the children thrive, America wins.
BTW we can easily carry Mexico with us if we crush the cartels there and get them reading well too.