The federal government’s role should be to solve structural problems,not to micro-manage the economy or the people.
TERM LIMITS
The best way to fight corruption is with term limits. The U.S. congress was designed so that ordinary people would go serve their country for a couple of years and then return home. Corrupt Politicians are bankrupting this country morally and financially.
MONETARY POLICY
Federal Reserve vs Energy Bank
“You can not solve the problems of the world with the same thinking that created them.” - Albert Einstien
In the last ten years the federal reserve has loaned an averge of 620 Billion dollars a year to the 20 biggest banks at an average of 2.2% interest.
2008 – The Federal Reserve printed 2,400 Billion (2.4 Trillion) dollars at 0% to commercial banks. It also printed 500 Billion dollars to foreign banks at 0% interest.
Stop loaning money to banks at 0% interest so they can buy treasury bonds and collect interest from the tax payers.
Give low interest loans to energy companies - The only reason the Federal Reserve loans money to banks is because banking is a utility not an industry.
Energy, Education, Infrastructure
- Cap the amount of money printed every year to 200 Billion dollars.
- 100 Billion for energy – Nuclear, wind, solar and natural gas from coal gasification
- 50 Billion for education – 0% loans for medical students and 3% loans for college or trade schools
- 50 Billion for interstate transportation projects-3% loans for Hospitals, Airports, Trains and Space.
We need to make energy as cheap and clean as possible.
Supporter of Pickens plan.
EDUCATION
Give teachers the tools they need to make learning fun. A projector and a laptop should be provided in every classroom in America for the cost of 2 billion dollars. Create an educational world wide web, a network for schhols where students teachers and principals can share ideas and lessons.
Eliminate the Department of Education- over half the financial aid they give away goes to students that never graduate from college. Instead of giving tax payers money away to failures 50 billion dollars in loans from the Federal Reserve is enough to guarantee every American the opportunity to go to college or a trade school. It will cost us nothing because the loans are being redirected away from large banks and it will discourage unmotivated students from wasting your money. This will also eliminate fraud from students that claim independent status to qualify for financial aid and it will ultimately save us over half the department of educations budget. The only tuition the tax payers should be funding is those who serve this country in the military or peace corps.
TAXES
Eliminate the income tax on labor.
“The hardest thing in the world to understand is the income tax” – Albert Einstein
Flat tax constitutionally limited at 15% (above 100,000) with a 5% retail sales tax (mainly below 100,000)
30,000-0% 42,000-3% 54,000-6% 66,000-9% 78,000%-12% 90,000-15% Limit includes FICA taxes.
Most people will pay taxes through the retail sales tax. A fair tax gives the economy a stable tax base, applies to imports not just American businesses. Sixty million people are working off the books to avoid the current income tax, and the government won’t be taxing Americans out of their homes.
HEALTH CARE
The only person that can manage your health is you. We need to give people who can manage their own health the tools they need. Health insurance needs to be split into 2 types, lifesaving medical treatment and health service.
Make available health savings accounts. Break up HMO monopolies by allowing cross state competition.
Tort Reform- discourage fraudulent law suits by making the loser pay.
SOCIAL SECURITY
Allow people to opt out of social security. Create an actual insurance option that is based on encouraging people to save for their retirement. This insurance will divide your retirement savings by 10 and guarantee that after 10 years of retirement that is what you will receive for the rest of your life.
Example: at 65 you save 1 million dollars and you declare retirement and at age 75 this insurance pays you 100,000 dollars a year until you die. If you save 500,000 and declare retirement at age 65 you will live off your savings for 10 years and at age 75 you will receive 50,000 a year for the rest of your life. This insurance would also guarantee a certain percentage above poverty line after age 65.
- Retirement Account- 401k , IRA, ROTH
- Most retirement accounts have three basic investment options:
- Secure Bonds – safest, mostly government bonds low yield.
- Annuity Payment- Insurance company pension medium yield.
- Stock Market- long term has been highest yield, short term is risky.
Employers pay 6% and employees pay 6% into social security. If you opt out your Employers 6% will pay the insurance premium and you can invest your 6% how you please.
“The whole problem with the world is that fools and fanatics are
always so certain of themselves, but wiser men so full of doubts.”
Bertrand Russell
