Mountaineer wrote:
moda0306 wrote:
All of that is social libertarianism. Not economic. I'd be curious to see how the economic side is coming. And I mean that with no snark or anything. Genuinely curious what people are thinking about taxes, minimum wage, fed policy, entitlements, and regulation
Taxes - 5% flat federal tax for everyone inside our borders - never raise the tax rate no matter what, learn to live within the budget. If you earn no income, then you have to devote one day per week to public service and be willing to do anything from picking up trash to cleaning public restrooms.
Minimum wage - abolish it
Fed policy - abolish the fed
Entitlements - get rid of all of them including all subsidies
Regulation - IRS - abolish it, pretty much the same for all TLA agencies, start from ground zero; establish policy that every agency, including the military, starts with a zero based budget every year and has to prove the benefits of whatever they wish to do if they want any public funding that will come from the federal tax mentioned above.
Radical enough for you?
... Mountaineer
Mountaineer,
Re: Taxes; so 5% flat on ALL income? Including Cap Gains? Dividends? Wages? Inheritence? Any deductions?
Who is going to manage the agency that forces people to work? Fired IRS agents? Sounds quite bureaucratic to me.
Re: Fed; How do we handle all the assets the fed owns (mostly t-bills)... how do we set reserve requirements?... Do we mint new money?? You realize we have a sovereign fiat currency, correct? It's not gold-based. We'd probably have a collapse of the banking system and U.S. economy if we just fired everyone on the fed board and nothing else.
Entitlements: So you want no assistance for the disabled, abolish Medicare, abolish Social Security, and no Medicaid for poor families? It is ok if you say yes... I just want to make sure I understand you... that you want the government (or agents of it) to actively break these promises to people.
Regulation: So no IRS, even though we have to collect your 5% income tax? How do we collect the tax? And how can the defense department do any sort of meaningful planning if they don't know if they will even exist next year? Isn't there
any benefit to some sort of permanence?
Personally, I am not really concerned with whether your government is "radical" or "mainstream." The question isn't even whether the outcome is "good" or "bad," since those are subjective to our respective priorities. But from a "what will occur" standpoint, I think "economic collapse" is a pretty accurate term. Demand way down. Investment way down. Potential monetary/banking crisis. That kind of stuff.
And you thought "dear follower" had a bad economy to be held responsible for.

"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine