If you were in charge of revamping the tax code of the nation what sort of tax plan do you think would be most fair and best for your country?
- Flat Tax?
- National sales tax?
- Fair tax?
- 9, 9, 9
- Other?
A wise U.S. General once said to me years ago,
"Amateurs study tactics, and professionals study logistics". So let's start with the logistics of how wealth is obtained, and more importantly maintained.
My Grandfather taught me that all true forms of sustainable wealth have only three sources:
1. Manufacturing
2. Farming
3. Mining
Our tax code changes, economic policy, monetary policy, energy policy, international trade policy, and NASA policy need to stand on this very foundational principle in a systematic coordinated way. We need change, and the change needs to be orchestrated on many levels. We need policies that push this country from a 'service, tax, spend, and debt' economy to a "manufacture, mine, farm, tariff, and save" economy.
Since change is the most difficult thing that humans do, it is easier to accomplish in stages over a reasonable, but not long transitional period. The changes in the tax code need to include monetary system changes such as eliminating the Federal Reserve, establishing tariffs on imported goods from China and all other countries, removing bureaucratic controls on domestic drilling for oil and gas, and the re-prioritization of NASA's objectives to support Helium 3 fusion. Andrew Jackson had many things right, we should study his successes.
I propose a three year transitional plan that systematically phases out personal income tax, re-energizes mining (drilling for oil and gas), and restores the U.S. manufacturing environment to one of potential profits. The energy policy is key, and must be jump started to fuel the soon growing resurgence. We have witnessed in the last 10 years the largest transfer of wealth in human history. The money has left the U.S. and Europe, and been firmly placed in the pockets of Middle East oil barons.
The economy cannot recover, nor our long term future secured, without changing the logistical flow of cash for oil, so that our wealth remains in the U.S. Economy. Day one we must start drilling for oil and gas, and mine enough of these resources to wean us off foreign oil.
The transition must be from oil to natural gas wherever applicable with an eye on the future transition to Helium 3 fusion. God showed us how to power his universe, and fusion is the ticket anywhere large amounts of energy are needed. I would be happy to provide more detail but this post is knocking on the door of what is too long by TOL rules so here is the summary.
Year 1:
1. Hybrid flat tax sales tax system, with no tax on food, medicine, clothing or shelter. The poor who cannot afford these things should not be taxed on them, neither should anyone else, they are life’s necessities, over the age of 70, no more taxes; you have done your job it’s time to relax, no tax on active military or Guard or Reserve paychecks or any other Federal salary, paying more money to just take it back wastes everyone’s money and costs taxpayers; it is just a stupid, needless activity cost.
2. 15% tariff on all imported goods, no exceptions, none.
3. Abolish the Federal Reserve, EPA, OSHA, DoEd, Shrink every other agency 15 percent, FBI 50%.
4. Shift 33 percent of the tax burden away from individuals, and place them on energy corporations. Give the energy corporations that solve strategic problems big tax breaks for actual solutions. Give manufacturers tax breaks only for increasing full time jobs with corp. paid health care.
5. Task NASA to focus on helium 3 fusion only, and getting back to the moon, pronto.
Year 2:
1. Remove the Flat Tax and only allow the consumer sales tax to remain, same exemptions apply.
2. Tariffs raised to 20% across the board, no exceptions.
3. Abolish the IRS; establish a new agency focused on honest sales tax collection enforcement. Reward corporate research that solves strategic problems don’t fund it. Give 10 year tax credits to corporations who relocate international factories to the U.S.
4. Shift 33 percent more of the tax burden away from individuals and on to importers and corporations.
5. Begin combining NASA with the Department of Energy focused on strategic goals.
Year 3:
1. Eliminate entirely individual tax. Amend the Constitution to forbid taxing individuals by the FED.
2. Taxes on all imported goods to 25%, no exceptions.
3. Pass a balanced budget amendment that prevents congress from spending more money than they actually collected the previous year.
4. Reward heavily any industry that transitions to natural gas.
5. Reward any private industry that advances us to effective fusion power generation.
6. Cut the Federal Bureaucracy by another 10 %