Forum Post: A better way to work toward more fair distribution of wealth and income
Posted 11 years ago on Oct. 30, 2011, 7:59 p.m. EST by TraderLouie
from Savannah, GA
This content is user submitted and not an official statement
If we ever want to get a fair distribution of income and wealth we have to accomplish the following. We've actually got a real shot if only we can keep up this momentum and do these things in the order I have put them.
To get the changes, we must act as one and work this strategy:
The first thing is for everybody to vote against your incumbents. We need ONE-TERM limited representatives and they will never do it voluntarily. Support a candidate that promises to amend the Constitution to enact term limits. We need a Citizen Congress. We need to stop RE-elections. That is where the corruption starts. We need to get rid of career politicians, the longer they are in office the more powerful and thus the more corrupt they become.
Outlaw political contributions and enact Public Funding for every Federal Campaign. Everybody gets the same amount--No more rich 1 percenters buying an election! They way it works now only the wealthy can win a national election. With Public Funding the American Dream will be valid again. Every American boy and girl who dreams of being the President will actually have a chance!
Once we clean out the "Country Club Congress" and get real Patriots running the government we can get the following done:
Throw out the million page tax code and implement a consumption tax of some form such as :The Fair Tax". The 1% will never pay their fair share with the current system. (If you're not familiar with The Fair Tax, get the book. It's short, concise and can be read in one sitting)
There are 4 million new Americans born every year. Give every child born a share of the United States of America in the form of an Annuity, say $10K to $15K each, set up in an Irrevocable Trust Account that can't be touched by the beneficiary or by the Government until the Beneficiary reaches retirement age, The money is invested in the markets.
Fund it with a Net Worth Tax on the top 5% or 10% of the wealth holders. The cost will be $40 Billion to $60 Billion per year, just 1% to 1.5% of the Federal Budget.
We will gradually phase out the current Social Security and Medicare. Every natural-born American citizen will be guaranteed to retire rich. To guard against market swings, the Trust Fund Investment Returns will be guaranteed by $X amount of Gold from the US Government's (Read OUR) Stockpile of Gold sitting idle in Ft. Knox and in the basements of the Federal Reserve Banks.
I have more on this but it would run too long in this space.
Did you put serious thought into this? Just wondering. Other then The Fair Tax, you kinda lost me, well, other then term limits. One term? Seriously?
New people in corrupted parties wont work. First we need this: http://www.facebook.com/pages/Occupy-Congress/109181762526876