Tea Party Plan for AmericaSubmitted by Robert Timsah on Sat, 11/06/2010 - 00:28
This starter plan is intended to deal with the immediate problem of joblessness and to lay the foundation for future limited government objectives, such as ending the Fed, IRS and more. This is a plan we can run on without going too far into the "weeds".
The fiscal nightmare our country faces has only gotten worse under both President Bush and Obama. We're faced with two simultaneous problems which make it difficult, without major changes, to directly resolve either of them. Because of the growing deficit the Federal Government requires more tax revenue. However, because of the recession, income is already strained and raising taxes may not raise more federal income and will only further hurt the already ailing economy. Something must and can be done. Below are some ideas I'd have to change the course of our country and break the death spiral.
1. The Economy
In order to stimulate the economy we must fundamentally change the economic situation for all Americans. And to do so in a way which will allow them to pay off debt, rebuild savings and spend more money. What better way to do that than to suspend the income tax for two years and let the young people opt out of social security? Doing so will almost double some people's income on every paycheck. Think about what that would do to the ability of Americans to pay down debt and stimulate the economy. In an economy based on spending this would create an economic boom, perhaps never seen before. And it's something everyone would see immediately. The goal is to get people addicted to not having an income tax. They'll never want it back. Progressives know this, which is why they'd rather SPEND MORE on Stimulus and bailouts which don't do anything long-term. So, yes I want to eliminate the IRS and income tax but that's going into phase 2.
We must work to remove onerous rules and regulations surrounding hiring employees. A commission should be put together to determine the most onerous job killing regulations and then get rid of them entirely. We should also end the minimum wage. Getting rid of the minimum wage will go a long way toward maximizing employment and because there would be no income tax and young people can opt out of social security withholding, they'll probably make more in this system than the current one. At least they'd have jobs.
There's no doubt that suspending the income tax for two years will (by itself) hurt the already massive budget. In order to help with that we'd have to; Bring our troops home from around the world and end the empire which would save anywhere from $500 billion to $1 trillion a year, which is more than we get from the income tax. We get around $150 billion a year from the income tax. We must also end the departments of, energy, agriculture, education, homeland security, commerce, labor and the interior. Put together a commission who looks at the best ones to end first and how to end them. Ending those programs and the warfare empire would go a large way toward shrinking government and the deficit. Then finally we either use a very small, temporary national sales tax or tariffs to help pay off the debt while we suspend the income tax. Either method is better than the immoral and economically stifling income tax.
The reason you've never heard this kind of solution is because it would work. It would work for the people, but not for the banking system or federal government. It would cut government and its influence drastically. The $800 billion dollar bailout is much more expensive than suspending the income tax for two years, not to mention the complete wasted stimulus plan. Suspending the income tax would have 100 times the positive effect on the economy.
Here's a quick summary of my Tea Party plan to actually reduce government debt, create jobs and grow personal wealth.
* Suspend the income tax for two years.
* Eliminate minimum wage.
* Let young people opt out of social security.
* Reduce job killing regulations.
* Bring the warfare state to an end.
* End useless federal departments.
* Institute a minor, temporary national sales tax or tariff.
Doing these things would create long lasting wealth, reduce government and help to pay off the national debt. This Tea Party plan should be the first major step toward a future based on the principles of freedom, peace and prosperity.
Phase 2 would go at the heart of our monetary system and remaining entitlements. The object of the starter phase is to create clearly defined steps and goals which will illustrate to the American people that these kind of changes and cuts can be done with positive results. The 2ndary phase will be the permanent end of the I.R.S. and the income tax. From that you'll inevitably wind down the welfare and warfare state.
A lot of libertarians bitch and complain about the current system, but rarely offer any sort of definable road map to achieve their vision. If I see another interview with a Tea Party candidate who's unable to name what they'd cut, I'm going to lose it. How can they cut spending if they've no idea what to cut? Well, it's time we lay it out there in an easy to follow plan.