NationStates Jolt Archive


How would you fix the US economy? - Page 2

Pages : 1 [2]
Partybus
21-03-2008, 20:36
The Plan...

Part 1) Legalize industrial hemp...

Part 2) Legalize cannabis, and tax the shit out of it!

Done and Done!
Llewdor
27-03-2008, 19:26
So then a correlation to loans might be to raise interest rates on the loans for people from the 'high-risk' zip code, but not to deny people from there loans outright.
Sure.

But since that would increase the required payments, that would effectively prevent residents from that area from borrowing large sums.
Majoritarian States
27-03-2008, 22:56
---:headbang: Foreign Policy...Value Added Tax (VAT) on imports, no tariifs per say. No foreign aid due to the economic hole the nation was birthed into. Military spending of around $400 billion per year (down from USA spending of $700+ billion per year). We outspen the next 15 largest defense budgets in the world by ourselves. Of those 15 nations, 13 are allies. N.Korea and Iran are the 2 bad guys...we outspend them 75 to 1 combined. If we cut our spending in half it would still be more than twice what the #2 military in the world spends (China). Border controls of medium-high standard. Border intelligence is extremely good. I cut the 300 billion dollars by cutting 145 billion on war in iraq, 150 out of the 300 billion spent on keepeing troops all over the empire. S. Korea, Vietnam, Europe are all places we don't need to defend from Communism any more. All are capable of defending themselves.

---:sniper: Law and Order...We only have curfews for children under 18. We won't allow people in the military till 21 (from 18). Drinking, smoking, and all drugs are legal at 21.Cuts huge prison and Dept. of Justice budgets. Plus we imprison 25% of the worlds incarcerated while only having 5% of the population. Some 60% of our criminals in prison are nonviolent. Community police forces are to funded locally. Only specialists carry guns in the police force. Full legal aid is provided to anyone 3 times the poverty line, or worse, for a jury trial on request. Prostitution and gambling are fully legal at 21. Prisons are being converted to rehab centers. We over fund our intelligence services. Speed cameras generate revenue, but only near schools, residential neighborhoods, and high accident areas, and pictures cannot be used in criminal court for crime unrelated to the "warranted use" (only car related, not Big Brother CCTV).


:mp5: Taxes...gasoline tax is oppressive. Car tax is horrid. All drugs are taxed pretty highly. Income tax has been abolished completely. A National Sales Tax is in effect at 34% for the top 32% of the earning population. The next 8% of earners (top 40% total), only pay on luxury items. Social Security and Medicare (SCHIPP, Medicaid, etc.) is paid by only citizens that will recieve it and matched by companies that employ them (payroll tax, like USA), those ages 41-65 and older. All those 16-21 also pay into SS and Medicare. At 21-40, individuals have to enter the HSA/RSA (Healthcare Savings Account/ Retirement Savings Account) programs. Because our currency (the liberty dollar...lol.) is based on precious metals, it inflates predictably at 2% per year, allowing savings to be enough to retire on. With the new higher rates, of course. SS/Medicare-HSA/RSA tax is 32.6% (16.3% from the worker, 16.3% from the employer), which used to be 15.3% (7.65% from each party). Corporate tax has been abolished, in it's place is the PST (Profit Sharing Tax). After all the SS-HSA/RSA contributions have been tallied every quarter, it must be expressed by a percentage. So as an example, let's say it added up to 17% of the years net profits. After all payroll, reinvestment within reason, and bills are paid for the quarter, you payed 17% for contributions to SS-HSA/RSA. Now, as a corporation under the corporate income tax you may have faced several different tax rates. Under PST all rates have been changed. Any company that paid 10% or less under the old tax system, pays no PST. Any company that paid rates of 11% or higher may be eligible for PST. To determine if eligable, take the percentage of 25% and subtract from it your total percentage of contributions to SS-HSA/RSA. So to keep using the same example, let's say you used to owe 35% in corporate tax under the old income tax. But so far this quarter you paid only 17% in SS tax. you subtract 17% from the PST flat corporate tax rate of 25%, and you get a remaining PST liability of 8%. So 8% of your profits will be shared directly to your employees in a bonus check. PST does NOT go to the government. Companies may not be eligible for PST at all, it will be case by case. This is designed to help recover the middle class, while cutting taxes 10% effectively across the board for corporations. There is also a big marriage tax break (return) for married couples. No actual returns, rebates, prebates, or entitlements will exist in 50 years. Sales tax (unlike the Fair Tax) doesn't require them. All those eligible for tax exemption or exception will recieve a card yearly to swipe for these tax privilages. No card, full tax...period. This avoids the Fair Tax's entitlement woes, while taking advantage of the lowered DWL (Dead Weight Loss) of the VAT or National Sales Tax. No other taxes exist, as property tax has been outlawed. States must levy against added sales tax or corporate income tax. All the HSA/RSA policies absolutely demand a sound currency. Also, debt will rise for 25 years until we escape the gravitational pull from SS. It is the number one expenditure right now, and will consume the entire national budget in 50 years if we don't do something drastic to get back to sound inflation rates and saving for retirement versus risking on stocks.


:p Public Services...Education from cradle till grave is free. All college is free. Money is taken from the sales tax proceeds and poured into the education pool. From there vouchers are given to all students and they (or their parent) can decide where to go to school by free market principles. No standardized tests, no guaranteed funding. You can switch schools twice per school year. More, in college. The HSA prgram and Medicare take care of healthcare. Free meals are provided in schools (good food). Free vaccinations, eye exams, and ear exams are provided to children. All HSA and Medicare is done on vouchers also, maximizing freedom of choice. Religious schools and hospitals can be used with the vouchers. Stem Cell research, cloning, and Organ Donation (voluntary) are all legal. The media has one nationalized channel. All the other channels are free media. No less than 100 owners of the media are allowed, with no more than one station per medium (TV, radio, newspaper),per market, per owner.

:gundge: The Economy...Heavy funding to technological subsidies, heavy funding to rural and urban development subsidies, and heavy subsidies to small business. No tax shelters exist. Emission limits are placed are cars. Recycling is not funded by the federal government, but laws have been passed. Stricter controls on industrial pollution has been adjusted also.

:fluffle: Welfare...Social Security/Medicare (and all encompassing programs) will be gone in 50 years. All people remaining in need of the program will represent a tiny minority number. In 25 years, the last entrant into the SS rolls will be in the program. 25 years later, when the last (well last who is not totally needy) one dies, you'll have no need for the vast SS system we had in USA. So in balance with ending SS, in 50 years the HSA/RSA will be our retirement and healthcare service. And it is not a government service at all. Childcare (daycare) is provided 100% from the federal level. As need for public housing, food stamps, and unemployment fall...so will the funding. All of those programs should be gone in a decade.


All political parties should be promptly outlawed. LOL. Now, only free people above 18 can vote or run for office on their own ideals and opinions. Teleprompters were banned from campaigns. Speech writers were banned from debates and campaigns. Lobbying was flat out banned. All political contributions go into a federal pool (or state, or local, depending on level of campaign) that disseminates the funds equally to all candidates. All Tv ads are equal, and radio too. The President is picked by regional (North, East, West, South) primaries. Those 4 candidates run a year long national campaign. To reach the national primary from one of the 4 regions, one has too win his town, county, state, and region. Then they showdown nationally as a quartet. No parties, no labels. Supreme Court members only serve for 20 year terms, and must be considered on experience over youth.


Replace our auto and petroleum industries with alternative transportation needs, to create a larger middle class than ever before, more self employeed people than ever before, a 100% employment state, a 0% poverty state, a crimeless society, and the most healthy and educated society to ever be enlightened to seek popular sovereignty. Check out the effects on our GDP and average income. Use the Fair Tax model, without the prebate entitlements. Remember that job growth will be humungous due to the fact no corporation is paying anything to the government except SS/Medicare. HSA and RSA are privately controled, although not withdrawable for just any reason. DWL is lessoned dramatically. True, we could go to a VAT completely to get even less DWL, but then no money would be left for the PST and the big growth incentive tax cut I gave. I don't know, let me know what you think.

"Government, Where Need Requires".
Jello Biafra
28-03-2008, 02:39
Sure.

But since that would increase the required payments, that would effectively prevent residents from that area from borrowing large sums.Perhaps yes, but it's not the same as denying them loans outright purely for being from there.