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How to turn the economy around?
Aug 7, 2013 12:36:03   #
OPP Newsletter
 
http://www.financialpolicycouncil.org/blogdetails.aspx?id=35/How-to-turn-the-economy-around

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Aug 7, 2013 17:29:19   #
faithistheword
 
If just the Federal Reserve were dismantled. we'd be on the road to recovery.
I'd love to see the welfare system dismantled, too. Unlike our esteemed representatives, I wouldn't care what the democrats called me , as long as it were gone. How did it get this bad? We conservatives knew we were on the wrong road, but we didn't elect people strong enough to stop it.
Now, at least half the populace thinks they're entitled to an education, health care, food housing, etc., etc. I guess they don't equate our situation with that over in Europe. The Russians, the Chinese, and the Japanese are the only capitalists left, even though China is a communist country in reality. Maybe Australia is clinging to capitalism, too.

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Aug 7, 2013 20:51:52   #
Whatamess Loc: SC
 
OPP Newsletter wrote:
http://www.financialpolicycouncil.org/blogdetails.aspx?id=35/How-to-turn-the-economy-around


I work in the assited housing industry and would love to see
all of those receiving 100% rent subsidy have to perform community services.

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Aug 7, 2013 21:19:34   #
ABBAsFernando Loc: Ohio
 
OPP Newsletter wrote:
http://www.financialpolicycouncil.org/blogdetails.aspx?id=35/How-to-turn-the-economy-around


Identify communist liberals and kick them out of power! Follow the law as defined in the Holy Bible.

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Aug 8, 2013 08:54:12   #
Albert Maslar Loc: Absecon, NJ
 
faithistheword wrote:
If just the Federal Reserve were dismantled. we'd be on the road to recovery.
I'd love to see the welfare system dismantled, too. Unlike our esteemed representatives, I wouldn't care what the democrats called me , as long as it were gone. How did it get this bad? We conservatives knew we were on the wrong road, but we didn't elect people strong enough to stop it.
Now, at least half the populace thinks they're entitled to an education, health care, food housing, etc., etc. I guess they don't equate our situation with that over in Europe. The Russians, the Chinese, and the Japanese are the only capitalists left, even though China is a communist country in reality. Maybe Australia is clinging to capitalism, too.
If just the Federal Reserve were dismantled. we'd ... (show quote)


Turn the economy around by turning the tax system upside down. Obama told Joe the Plumber that he wanted to spread the wealth around, while the Maslar plan would spread the burden around. The so-called 47% are a drag on the economy, so turn them all into taxpayers so they appreciate it because something that costs zero is considered to be worth zero.

Under the Maslar “Three-Page Tax Plan” (Available from albertmaslar2@gmail.com) all residents would be required to file the new simplified 1040 that treats all income the same; no exemptions, no exclusions, no tax-free, no capital gains etc, with limited deductions, and all welfare would have to be listed and subject to the Simplified Income Tax (SIT). If no income, the Social Security number, name, address, phone, email address, must be listed for information and Universal Medicare Purposes, and the signature affirms the truth and completeness of the form. After it is proven that the 3% National Sales Tax (NST) can carry current Budget, make payments to reduce National Debt, and cover Universal Medicare (UMC), the Simplified Income Tax would be gone along with the IRS. Businesses would deposit Sales Tax Collections in the same manner as they deposit Withholding Taxes. Many States have lotteries and the special cash registers and handling of monies could be used as a template for collection and payment of NST collected. Meanwhile, the new 1040, income or not, would be used as an annual census replacing the ten-year census because the economy changes so much year-to-year that the ten year figures and conclusions are long obsolete. The new 1040 would be used to determine the amount or percent of medical co-pay each resident must pay or they may purchase secondary insurance if they wish from whomever they wish. And there must be means testing as Social Security should not be paid to those not in need, the upper 20% or so. Nuisance taxes should be eliminated and when debt is also being paid down, payroll taxes can be proportionately reduced until hopefully they can also be eliminated along with death taxes that too often break apart successful companies and ventures, resulting in job loss hurting the economy. Note the UMC benefit to the 50 States that would be virtually free of massive Medicaid costs.

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