I propose making the Treasury a lender, maybe a lender of last resort, to the people in certain situations. We have computer technology that could streamline the process that didn’t exist even 30 years ago.
Loans would align with current treasury offerings and be priced 1/2 % above current rates.
Property Tax
I’m accepting this is a state issue and that some services are worth paying for. So we can’t really end it, however, we could offer assistance to individuals as needed.
- Natural Disasters - Allow anyone who needs to can apply for a loan to pay off current / past due property taxes. This way it gives people one less thing to worry about.
- Retirement - Once retired and on SS you can apply to have your property taxes paid for as a loan with the property as collateral. Conditions would apply such as LTV and condition, but once the property owners pass or the property is sold or transferred then the loans would be repaid. This way retired people can’t be kicked out of a house they own.
There may be others…
Medical Payments
This is what Obamacare should have done. Nobody has to have insurance because you can always borrow from the Federal government. You do have to fix the anti-trust and monopolistic nature of the medical system - like why I got charged $978 for bloodwork when they thought I didn’t have insurance only to see the bill drop to $78 when I showed my insurance card. That’s like the mob carrying a brick offering window breakage insurance.
Force the hospitals, etc, to pay Medicare rates or fix the fraud and then people can apply for a loan at 1/2 a point over treasury rates. There will be some people who will never afford to be able to pay it back but most will. For those that truly can’t that’s just a cost of living in a great society. We the people cover it.
There will need to be restrictions - no elective surgeries and whatnot, but for the true “you need it or you’ll die” or even “you need it to seriously improve your life” kind of stuff we can cover it with federal loans to the people.