Government

Fixing The Economy IS Easy

Social Security
Means test benefits. If you made twice the median salary in your last 5 years of employment, you  get reduced benefits.
Eliminate the income limits. Why should you stop paying in just because you made more than $106,800? There are no income limits on medicare.

Revenues
Legalize and tax marijuana. That may be $40 billion to $100 billion in new revenue!
Legalize and tax sports betting. Although only 35 states currently allow "gaming", that number is sure to grow. Adding $50 million to a state budget will help to eliminate the need for federal dollars.

Economic Growth
A natural gas based economy. Get fleet vehicles and 18 wheelers running CNG. Get Detroit making those vehicles. And export LNG to other countries (USA natural gas is $2.76 but it can be liquified and sold much higher.

Homeless
Make shuttered schools into shelters. They have showers, gyms, bathrooms, cafeterias, computers, and plenty of room for beds. Laid off teachers can re-train these folks in the Cheapo Groovo system, which has no layoffs or outsourcing.


The Best Tax System

0%.

Did you know that we had no federal income tax until 1913 and no withholding until 1943. So what did we do until then to operate?

If we need a system, it should be a flat tax on all income (including passive income such as capital gains, dividends, MLP distributions, etc.). We could make the rate 35% but exempt the first 30K of income (the yellow line).

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Alternatives to Trumpcare and Obamacare

Get insurance out of health care altogether, except for catastrophic, unanticipated injuries. After all, insurance is about managing risk. You wouldn’t have your car insurance pay for routine oil changes, or your homeowners insurance pay for a new coat of exterior paint on your house. The very idea is absurd from an economics perspective, cost-prohibitive, and goes against the very definition and purpose of insurance. Having one’s insurance pay for a routine tooth cleaning or simple physical checkup makes no more sense than having insurance pay for a new tires or a home termite inspection.

General Insurance Coverage:
Join a health care sharing ministry. These are voluntary, charitable membership organizations that agree to share medical bills among the membership. Samaritan Ministries, Christian Healthcare Ministries, and Christian Care Ministry. They operate entirely outside of Obamacare’s regulations, and typically offer benefits for about half the cost of similar health insurance. Members are also exempt from having to pay the tax for being uninsured.

Critical Illness Coverage:
Acts like an insurance policy if you have kidney failure, heart attack, stroke, etc. I'd get the highest benefit amount possible.http://www.ehealthinsurance.com/critical-illness-insurance

Accident Coverage:
You should max out your medical and uninsured/under-insured driver coverage amounts
under your auto insurance policy, which can pay medical bills if you are hurt in a car accident.

Concierge Medicine
Contact local doctors and see if they offer services for a monthly fee. In my area, $60 gets 24/7 access.


The Tyranny of the Tax Man

In 1913, the entire federal tax law, plus explanations and other related material, fit into a single 400-page volume. Today, they total 40,500 pages in 22 volumes. And the list below shows you all the taxes that have been added. Yet the government is broke??????

  1. Accounts Receivable Tax
  2. Building Permit Tax
  3. CDL License Tax
  4. Cigarette Tax
  5. Dog License Tax
  6. Federal Unemployment Tax (FUTA)
  7. Fishing License Tax
  8. Food License Tax
  9. Fuel Permit Tax
  10. Gasoline Tax
  11. Hunting License Tax
  12. Inheritance Tax
  13. Interest Expense Inventory tax
  14. IRS Interest Charges IRS Penalties (tax on top of tax)
  15. Liquor Tax
  16. Luxury Taxes
  17. Marriage License Tax
  18. Medicare Tax
  19. Property Tax
  20. Real Estate Tax
  21. Social Security Tax
  22. Road Usage taxes
  23. Sales Tax
  24. Recreational Vehicle Tax
  25. School Tax
  26. State Unemployment Tax (SUTA)
  27. Telephone Taxes such as federal excise, universal service fee tax, federal, state and local surcharge taxes
  28. Utility Taxes
  29. Vehicle License Registration Tax
  30. Vehicle Sales Tax
  31. Watercraft Registration Tax
  32. Well Permit Tax
  33. Workers Compensation Tax

 


Pay Out Social Security Contributions Then Shut Down the Program

SsOf course you can't do that because that would save the government literally trillions of dollars!

Take me as an example. I have paid in $69,058 as of 1/1/2011. Assume I could request a check for that amount right now and not collect Social Security at retirement.

If I live to 75 (male life expectancy from wiki) and retire at 62. I would receive $828 every month for 156 months from Social Security. That is $129,168.

The government saves $60,110.

Over the next 20 years, 74 million boomers will retire. If my situation is "typical" the government could save $4.45 trillion!


Food Pantries Should Use Extreme Couponing Techniques

Cpns
Instead of individuals doing the leg work and then donating their stockpiles to charity, why don't the non-profit institutions (that avoid taxation) do the work? It is easy to learn here and here.

We can even get the governemt employees who administer food stamp programs to use extreme couponing as well.