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Re: Share the wealth
by
Nate S.
There are two issues at play. I have been doing the numbers and it amazes me that a FLAT TAX can generate so much capital. What is equally amazing is that if the congress uses what I call DECORELA (Debt Consolidation Relief Act) something I as an ordinary citizen developed that people (even those with poor current credit) get a fresh start and level the playing field. Everyone could build wealth and we would not be creating slaves but creating partners in not only a great democracy but a great economy.
It is interesting that our 58+ Trillion dollar debt could be paid and the foriegn debt repurchased and turned into capital assets with an across the board debt and tax plan in a paper entitiled "I am no one special, but I have something to say".
While I enjoyed the various tables in this website I things some of the table that I have created just might open some eyes.
fixing the economy is a three step process:
(1) Debt consolidation with a flat interest rate allowing all forms of debt to be put into one loan package.
(2) Flat Tax. This would eliminate the need for reams of tax code and begin to move the nation in as little as four years to a BALANCED BUDGET Ammendent. People knowing there government was responsible and not spind thrift would encourage people and corporations to be more responsible and if done properly reward good economic practice instead of poor practice. This would also move the natio toward the elimination of the IRS and turn it into more a more user friendly organization.
(3) Developing DECORELA Bonds would allow all Americans to purchase back debt from foreign nations so that our HOMELAND SECURITY would not be at risk in the hands of a foreign power that could and would hold hostage the American people.
In any event, regardless of who achieves the goal of President-elect, both Obama and McCain will need to lead. Consider these words:
Consider that:
Happiness is when what you think, what you say, and what you do are in harmony. - Mahatma Gandhi
Great leaders are almost always great simplifiers, who can cut through argument, debate and doubt, to offer a solution everybody can understand. - Colin Powell
It's fine to celebrate success but it is more important to heed the lessons of failure. - Bill Gates
Nate S (Virginia)
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Posts and comments are solely the opinion of the author and not that of the Tax Policy Center, Urban Institute, or Brookings Institution. Read the Terms of Participation Recent Entries
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