5 Point approach to fiscal responsibility and revenue generation.
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End the Fed and re-nationalize our banking system, basing our currency on an acceptable finite specie. Make compound interest and predatory usurious schemes illegal.
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End all taxes except a 4% sales/earn tax and corporate taxes set at a flat 25%. 4% of every dollar spent, split between federal, state, county, and municipality of spending from 1% each. 4% of every dollar earned the same split. This ensures the purchasers, AND the purchasees areas are properly incentivized through tax revenue to promote good commerce. Make all other taxes illegal. No death tax, no unrralized gains tax, no income tax, no additional sales taxes.
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Put in place a 10% tarrif on RAW GOODS, we want to support our raw goods manufacturers, but we also want to protect our environment. a 25% tarrif on MANUFACTURED GOODS, and a 25% corporate service tax on INTERNATIONALLY OPERATED COMPANIES will protect our manufacturing industry and revitalize our service industry. Remove the tarriff if manufactured in the us. Remove the service tax if call centers etc are run on american soil with american employees. Provide a 10% tax break for FULLY AMERICAN RUN companies(manufacturing+sercie). This reduces the taxes to a flat 15% for these companies.
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End ALL social programs(medicaid ebt tanf college grants etc) and implement a flat ubi (1000 - 1200) per registered adult citizen instead. This provides the option to utilize said money however a person wishes/needs, and ensures equal opportunity for opportunity. Need to go to the doctor? Pay that bill? Buy food? Go to college? Start a business? You have that money as the catch all leg up. What you do with it it up to you. Fail at your own peril.
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Remove all regulations. All of them. Instead of regulating as a separate uninterested uninvested party, establish vertically integrated self regulated industries to provide necessities and essential products/services at a set 20% profit margin. This sets a gold standard in the economy of wage value, quality value, and profit margin earnings. If govco bread cost 2.50 a loaf, and their bakers are paid 15 an hour, we might buy qualco bread at 3.50 a loaf because they use better materials and pay higher, but we wont pay 6. We may buy cheapco bread at 2.20 a loaf knowing they cut corners. Anything above or below a range will be forced out of the market. Self regulating reduces the bureaucratic bloat seen in the current morass of government complexiry. A streamlined, competitive, self regulated entiry in the market produces far more efficient regulatory pressure than our current model does.
By reducing our government spending on special interest groups, removing burdensome and complex tax laws that harm citizens while allowing corporations to escape taxation, implementing straightforward carrot/stick incentives to businesses to repatriate industry to american soil, streamlining government bloat through a ubi system, removing the gigantic cost of running the thousands of ineffective special interest programs we currently have, and invreasing generated revenue by beconing a self regulated player in the free market instead of an external regulatory force, we could change the face of our nation.
The current costs are MORE than what we would spend implementing these changes and the money we currently generate would be about 15% less by my calculations. This depends on several factors, but the net gain is always positive.