- Thu Jul 26, 2012 1:24 pm
#9428
No entitlements and governmental preferences for the wealthy, high income, and businesses.
Basic equitable social support for all U.S. citizens. Give benefits to one and all. Everyone gets basic medical and dental coverage. Everyone gets the same social security. Everyone gets to contribute to the same tax deferred (revenue deferred) retirement accounts with the same maximums. This not only supports our American citizens, it also creates a better environment for entrepreneurship in this country. No more business concerns and expenses for benefits. No more social benefits provided by businesses.
Change the bankruptcy codes. All employee compensation should be regarded as delayed income, second in line for payout after taxes. All executive compensation should be last to be paid out in bankruptcy.
Simple equitable tax code with no spending in the tax code. None. Say a 4% income tax on all U.S. revenues of all individuals, all businesses, all corporations, all imports, all exports. No credits/ No deductions. No preferences. If government wants to spend money let them spend in in an open straight forward and public way in a spending bill.
Any restrictions/preferences in the free market, like patent protection, crop subsidies, oil depletion allowances should expire on a date certain and should carry an extra return to the American people. If you want to form a monopoly, an oligopoly, you should only be able to do so with temporary government sanction and a clear return to the American people. Laissez Fair is not free market capitalism any more than communism is free market capitalism. Every violation of free market capitalism creates a suboptimal economy and an excess return of capital to a privileged wealth class create by that preference. Adam Smith was right.
Simple fair campaign finance laws. Only humans may contribute to campaigns, and only those humans eligible to vote in the campaign. Local elections should be local. State elections should be state election. Federal district elections should be only in the district. National elections should be only national with no foreign money.
People who commit fraud, financial skimming, and violate free market capitalism regulations should go to jail for long periods of time and need to give back every penny of excess gain and a huge penalty. No more free ride for financial criminals, including government officials.
Separate financial businesses that have natural conflicts of interest.
Eliminate gambling (book making) in the financial markets. No more uncovered options and contracts in the financial world. They should be allowed honestly where they belong, in the gambling markets, openly and honestly presented to the public on an equal footing.
etc.
- By johnforbes
- By Administrator