- As President of the USA, I will benefit the middle class by eliminating personal income tax. I will benefit the lower class with a compassionate consumption tax, infrastructure works program and American Wealth Accounts for all Citizens. I will restrain the upper class through taxes on established (paper wealth) wealth.
- Compassionate Consumption Tax (21-27% on all goods sold – except basics of life=>compassionate)
- Everyone should support the country –foundations, tax exempt companies, churches, everyone
- Favors lowest income citizens – no sales tax on basics of life (compassionate)
- Consumption Tax income distributed to cities/counties (1/3), states(1/3), Federal government(1/3)
- American Wealth Accounts (AWA) for every citizen, including each child
- Option to replace Social Security – Account principle transferred to heirs
- Guaranteed personal account gain (~3%) above Cost of living
- Transfer US Debt payments to US citizen’s AWAs as interest
- Tax Established Wealth – Paid to federal government
- Annual Paper Wealth Property Tax – above 1 M$ (1% @10M$ to 5%@100B$)
- Paper Wealth Transaction Tax – 5% per transaction (paid by buyer upon sale)
- Eliminate Inheritance Taxes
- Reduce Business Taxes to 10% on profit –no set asides, special allowances, etc
- All business tax revenue to be spent only on government business related expenses
- Repay national debt by allocating all government income to payment of debt (oil royalties, rents, profits)
- As President of the USA, I will minimize the size and power of federal government on every citizens life through reallocation of tax funds and responsibilities to the states
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- Eliminate all Federal set asides, mandates, programs that fund the states and transfer the majority of funding going to the states directly to the state governments.
- States will no longer send tax income to Washington and get portion back if states obey Federal Mandates
- Federal Government receives on 1/3 of Consumption Taxes
- Cities and states receive 2/3 of Consumption Taxes
- Federal government receives paper wealth taxes
- Reduce size of many Federal Government agencies
- Transfer Federal lands to States – set only guidelines
- 2/3 Consumption Tax Funding already reallocated to cities and states
- Fed Agencies Tasked to only set guidelines and collect state performance data
- Federal government only handles things related to country as a whole
- Defense
- Energy
- Homeland Security
- State Department
- Interstate Commerce
- Environmental Protection
- etc
- I will strive to employ all citizens without employment in service of the country’s infrastructure.
- Updated Works Projects Agency through Americorps
- Manage the presently unemployed to insure they receive
- Health services
- Child support
- Food support
- Housing support
- Education and job training
- Work projects focused on infrastructure through military style management and private sector oversight.