Create Jobs - Suspend The Income TaxSubmitted by Robert Timsah on Wed, 06/20/2012 - 01:59
This is an example of what Fat Libertarian's plan would be if he ran for President. Please read the entire thing before down voting or responding in anger. There's a plan behind this.
- Suspend Income Tax For Two Years.
- END Several Federal Departments.
- END Minimum Wage.
- END Capital Gains Tax.
- Bring Troops Home and No Policing The World.
RESTORE THE ECONOMY AND REDUCE SPENDING.
Kill the minimum wage, capital gains tax and suspend the income tax for two-three years. In order to "afford this" we then cut spending drastically by bringing troops home, and ending entire government departments.
Even if we lose jobs from the cuts - the income tax suspension and minimum wage removal will encourage more hiring. Individuals and businesses will have more money to spend or pay off debt.
This might even go a long way toward repairing the housing market? Employment would certainly flex back and forth between public and private sector hiring for awhile but eventually the economy would be able to reset.
After the economy explodes, and people have so much more money to spend they'll never want the income tax back and then they'll be right there with us in wanting to eliminate more government.
(Ron Paul mentions suspending income tax here - http://www.youtube.com/watch?v=VyqFasQv9X8&feature=player_de...)