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Re: If you were the President, you would...

Jan 26, 2013

Take back the Federal Reserve.

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Re: If you were the President, you would...

Jan 26, 2013

I wouldn't want to be a president. :smileyindifferent:

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First Son
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Re: If you were the President, you would...

[ Edited ]
Jan 26, 2013

DrGadget wrote:

1. Enact the Ryan Plan immediately as it is the "painless" path to restoring the economy.  From there I would make massive cuts and bring the pain.

 

2. Protect Social Security for retirees because people paid in and deserve to get their money back out.  Also the elderly are the least able to rebound from massive change.  No cuts to retiree Social Security benefits.

 

3. If you are living solely because of government handouts (but not Social Security) then you are pretty much a ward of the state.  In essence, you are a child and not paying your share of the taxes.  Being a child and not paying taxes are two excellent reasons why you should not have a say in how the money is spent.  Therefore if you're a ward of the state, you don't get to vote.  Period.  Don't worry though, because I will be quickly phasing out the Nanny State and there will be fewer and fewer of these every year.

 

4. Slash taxes down to the Laffer Maximum.  According to the Laffer Curve (our entire economy is based on it, so you should be aware) there is a point of peak tax revenue.  Raise taxes above this, and the tax revenues actually come back down.  The "natural" revenue rate is 18.5% and is also the Laffer Peak.  There is never any reason to raise taxes above this point unless you're trying to hurt the government and hurt business.  Immediately drop taxes to 18.5% across the board with no deductions for anything.

 

5. Phase in a new tax system within 4 years where there is no income tax at all.  Americans spend about 400 billion dollars each year filing taxes.  That money and effort is subtracted directly from the productive economy.  Eliminate income taxes and this will be an instant and permanent annual boost to the economy of about $400B.  Replace it with a combination national sales tax and corporate tax.  The corporate tax will be 10 percent, with deductions allowed.  The national sales tax will be 10 percent with no deductions.  Corporate deductions will probably drive their tax rate down to around 8%, meaning we're right at that magic 18.5% number again, or the Laffer Peak.  But now we have the bonus of $400B to the economy each year.

 

6. Eliminate the Capital Gains Tax and the Inheritance Tax completely.  The CGT siphons money at the worst possible phase of the business cycle, and the Inheritance Tax (Death Tax) destroys family property.

 

7. Make it so you need a 4/5 supermajority in both houses of Congress to ever raise the effective tax rate above 18.5% or the non-deducted tax rate above 20% ever again.  You would also need a 4/5 supermajority to bring back the CGT or the Death Tax.  For either of these, these taxes can only be raised above 18.5/20 percent and 0 percent respectively for 2 years.  After that, it will take another 4/5 supermajority to maintain them for another 2 years.

 

8. Build about 100 Generation 3.5 nuclear reactors around the country to dramatically reduce the cost of energy.  The economy is divided by the cost of energy.  Drop energy to about 10% of the current cost and productivity will rise to about 10 times the current amount.  If the economy is 10 times larger, and it will be, especially when combined with these other initiatives, the current national debt of 17 trillion dollars will have the effect of a 1.7 trillion dollar debt load on the economy.  It will be almost nothing.  This is when you aggressively attack the debt and pay it off for good.

 

9. Keep building nuclear powerplants until America is completely energy independent.  Then we won't get dragged into any foreign wars over the oil supply.  We won't be importing any oil.  Not our problem.  No more Iraq or Iran entanglements.  Also we won't be transferring billions of dollars to unfriendly regimes so they can attack us.  If we don't need their oil, they don't get our money.

 

10. We would also need to beef up our electrical grid substantially.  There are three main ares we need improvements: power generation, power transmission, and power storage.  Offer large Ansari X-Prize type monetary awards to anyone who can solve the show-stopper problems to getting us there.  We especially want viable fusion power.

 

11. Eliminate legalized abortion on Day 1.  No exceptions.  The determination that "the mother's life is in danger" is currently made by the same doctors who profit from killing babies.  They cannot be trusted.  Whatever happened to "First do no harm"?  No more.

 

12. Do like Switzerland and require that ever household (non-insane, non-felon) keep and maintain a fully automatic military-grade rifle.  They will also be required to attend annual markmanship and safety training.  There will be some kind of token reward for keeping current with your training.  There will no longer be any such thing as a "gun free community".  Since 1950, every mass shooting that resulted in three or more people dead has had one thing in common.  They all happened in gun free communities.  Switzerland deosn't allow it.  They have no violent crime.

 

13. Use NASA to plan and execute retrieval of raw materials from the asteroid belt.  This would be iron, aluminum, and precious metals.  Private companies can't feasibly do this because the return of such metals would greatly depress the market for whatever they brought back, making it unprofitable.  Let the government do it, in cooperation with private companies.  Sure it will depress the market for gold or whatever, dropping the value of gold for everyone, but we will have a pile of it, meaning our value goes up by comparison.  Once we bring back this much gold, we put the Dollar back on the gold standard.

 

14. With all this prosperity, we use our newfound resources to clean up the rivers, streams, and lakes.  Preventing new chemicals is not enough because there is already pollution.  Clean them up.  Also plant a billion trees everywhere.  We can always use trees.

 

15. With all this prosperity, see if we can buy extra land from Canada and Mexico.  I'd want to connect Alaska to the Contiguous United States.  Also the northern states of Mexico would be nice to have.  How much do you want for them?  5 trillion dollars?  Done.  We're running a surplus now.  Not a big problem.

 

16. The official language of the USA is now English.  You can speak whatever you want, but all the government agencies and schools will be operated in English.  If you come here, you learn English.  This is not a punishment, as English is the language of commerce and prosperity.

 

17. Make it so that senators and congressmen are no longer elected.  They will be appointed by the States, as representatives of the States, not representatives of the People.  This will partly restore the role of federalism.  The State government employees are and will remain representatives of the People.

 

18. Break the backs of the labor unions.  They haven't done anything good in the last 100 years.  Now they serve only as parasites to destroy otherwise profitable businesses.  GM - unionized and needs bailouts.  Walmart - non-unionized and flowing with money.  The contrast is obvious.  GM was once the largest corporation in the world and the largest employer in the USA.  Those days are gone.  Unions made sure of that.


Like your suggestions a lot I do. Kudos. :smileyhappy:

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Survivor
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Re: If you were the President, you would...

Jan 27, 2013

**bleep** that, if I were president I'd pass a law that forbids any type of movement other than dance!

Then all the killing would stop!

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Sackboy
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Re: If you were the President, you would...

Jan 27, 2013

Like Ted Kennedy said when asked why he wanted to be president. "I don't"

/)/)
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Welcoming Committee
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Re: If you were the President, you would...

[ Edited ]
Jan 27, 2013

D-Arthagnan wrote:

DrGadget wrote:

1. Enact the Ryan Plan immediately as it is the "painless" path to restoring the economy.  From there I would make massive cuts and bring the pain.

 

2. Protect Social Security for retirees because people paid in and deserve to get their money back out.  Also the elderly are the least able to rebound from massive change.  No cuts to retiree Social Security benefits.

 

3. If you are living solely because of government handouts (but not Social Security) then you are pretty much a ward of the state.  In essence, you are a child and not paying your share of the taxes.  Being a child and not paying taxes are two excellent reasons why you should not have a say in how the money is spent.  Therefore if you're a ward of the state, you don't get to vote.  Period.  Don't worry though, because I will be quickly phasing out the Nanny State and there will be fewer and fewer of these every year.

 

4. Slash taxes down to the Laffer Maximum.  According to the Laffer Curve (our entire economy is based on it, so you should be aware) there is a point of peak tax revenue.  Raise taxes above this, and the tax revenues actually come back down.  The "natural" revenue rate is 18.5% and is also the Laffer Peak.  There is never any reason to raise taxes above this point unless you're trying to hurt the government and hurt business.  Immediately drop taxes to 18.5% across the board with no deductions for anything.

 

5. Phase in a new tax system within 4 years where there is no income tax at all.  Americans spend about 400 billion dollars each year filing taxes.  That money and effort is subtracted directly from the productive economy.  Eliminate income taxes and this will be an instant and permanent annual boost to the economy of about $400B.  Replace it with a combination national sales tax and corporate tax.  The corporate tax will be 10 percent, with deductions allowed.  The national sales tax will be 10 percent with no deductions.  Corporate deductions will probably drive their tax rate down to around 8%, meaning we're right at that magic 18.5% number again, or the Laffer Peak.  But now we have the bonus of $400B to the economy each year.

 

6. Eliminate the Capital Gains Tax and the Inheritance Tax completely.  The CGT siphons money at the worst possible phase of the business cycle, and the Inheritance Tax (Death Tax) destroys family property.

 

7. Make it so you need a 4/5 supermajority in both houses of Congress to ever raise the effective tax rate above 18.5% or the non-deducted tax rate above 20% ever again.  You would also need a 4/5 supermajority to bring back the CGT or the Death Tax.  For either of these, these taxes can only be raised above 18.5/20 percent and 0 percent respectively for 2 years.  After that, it will take another 4/5 supermajority to maintain them for another 2 years.

 

8. Build about 100 Generation 3.5 nuclear reactors around the country to dramatically reduce the cost of energy.  The economy is divided by the cost of energy.  Drop energy to about 10% of the current cost and productivity will rise to about 10 times the current amount.  If the economy is 10 times larger, and it will be, especially when combined with these other initiatives, the current national debt of 17 trillion dollars will have the effect of a 1.7 trillion dollar debt load on the economy.  It will be almost nothing.  This is when you aggressively attack the debt and pay it off for good.

 

9. Keep building nuclear powerplants until America is completely energy independent.  Then we won't get dragged into any foreign wars over the oil supply.  We won't be importing any oil.  Not our problem.  No more Iraq or Iran entanglements.  Also we won't be transferring billions of dollars to unfriendly regimes so they can attack us.  If we don't need their oil, they don't get our money.

 

10. We would also need to beef up our electrical grid substantially.  There are three main ares we need improvements: power generation, power transmission, and power storage.  Offer large Ansari X-Prize type monetary awards to anyone who can solve the show-stopper problems to getting us there.  We especially want viable fusion power.

 

11. Eliminate legalized abortion on Day 1.  No exceptions.  The determination that "the mother's life is in danger" is currently made by the same doctors who profit from killing babies.  They cannot be trusted.  Whatever happened to "First do no harm"?  No more.

 

12. Do like Switzerland and require that ever household (non-insane, non-felon) keep and maintain a fully automatic military-grade rifle.  They will also be required to attend annual markmanship and safety training.  There will be some kind of token reward for keeping current with your training.  There will no longer be any such thing as a "gun free community".  Since 1950, every mass shooting that resulted in three or more people dead has had one thing in common.  They all happened in gun free communities.  Switzerland deosn't allow it.  They have no violent crime.

 

13. Use NASA to plan and execute retrieval of raw materials from the asteroid belt.  This would be iron, aluminum, and precious metals.  Private companies can't feasibly do this because the return of such metals would greatly depress the market for whatever they brought back, making it unprofitable.  Let the government do it, in cooperation with private companies.  Sure it will depress the market for gold or whatever, dropping the value of gold for everyone, but we will have a pile of it, meaning our value goes up by comparison.  Once we bring back this much gold, we put the Dollar back on the gold standard.

 

14. With all this prosperity, we use our newfound resources to clean up the rivers, streams, and lakes.  Preventing new chemicals is not enough because there is already pollution.  Clean them up.  Also plant a billion trees everywhere.  We can always use trees.

 

15. With all this prosperity, see if we can buy extra land from Canada and Mexico.  I'd want to connect Alaska to the Contiguous United States.  Also the northern states of Mexico would be nice to have.  How much do you want for them?  5 trillion dollars?  Done.  We're running a surplus now.  Not a big problem.

 

16. The official language of the USA is now English.  You can speak whatever you want, but all the government agencies and schools will be operated in English.  If you come here, you learn English.  This is not a punishment, as English is the language of commerce and prosperity.

 

17. Make it so that senators and congressmen are no longer elected.  They will be appointed by the States, as representatives of the States, not representatives of the People.  This will partly restore the role of federalism.  The State government employees are and will remain representatives of the People.

 

18. Break the backs of the labor unions.  They haven't done anything good in the last 100 years.  Now they serve only as parasites to destroy otherwise profitable businesses.  GM - unionized and needs bailouts.  Walmart - non-unionized and flowing with money.  The contrast is obvious.  GM was once the largest corporation in the world and the largest employer in the USA.  Those days are gone.  Unions made sure of that.


Like your suggestions a lot I do. Kudos. :smileyhappy:


Let me go back and expand upon #4.  I intended to put this in, but you know how it is when you can't type all your thoughts in any reasonable amount of time.

 

The Laffer Maximum is around 18.5%, and this is where we need to be to solve our current problem of runaway debt.  But we also have a runaway spending problem that is directly tied to the debt.  After a few years of stability at 18.5%, we would pay off the debt completely, build much needed infrastructure, invest in research technologies we could desperately use, and greatly improve our domestic power grid.  All good things.

 

But after that, we simply won't need to bring in so much money a year.  Imagine an economy 10 times as large and we're raking in 6-7 trillion a year in tax revenue.  What are we spending it all on?  There is no more debt to pay off.  There are no more expensive projects to fund.

 

This is where we would see a distinction between true conservativism and true liberalism.  Liberals would want to maintain the high 18.5% tax rate.  Conservatives would want to drop it to the point where it just barely pays for the government's operating expenses.  Below the Laffer Peak, the drop in tax revenue ought to be nearly linear in regards to the tax rate.  So if you're bringing in 6 trillion dollars at 18 percent, you should bring in about 2 trillion dollars at 6 percent.  Give or take.  Thus, a truly relevant debate would open up.  How low do we want the taxes?

 

This is combined corporate tax, not accounting for deductions.

0-4 % - Libertarian

5-8 % - Conservative

9-12 % - Moderate

13-16% - Liberal

17-20 % - Massive spending

 21 - 100 % Now I just want to cripple the economy for no good reson because I hate America (we should never allow it to ever get this high again)

 


Of course, this would be balanced against the current needs of the nation.  If we're fighting a re-hash of WWII, then we want the highest rate, and we will do what we can to avoid said war, especially by dissolving as many "foreign entanglements" as we can.  Nothing drags you into war faster than a peace treaty.  The assassination of Archduke Francis Ferdinand ignited World War 1, as all the various peace treaties kicked in, along with their promises of mutual protection.  Basically millions of people dead because one man and his wife died.  Madness.

 

Avoiding all the foreign entanglements (mainly wars and pre-wars) we could bring the troops home and lick our wounds for a while.  We could replace our worn and damaged tanks, aircraft, and other weapons systems.  Then we could just chill in relative peace for a moment or two.

 

Meanwhile, with all the immense properity that comes from a 10x economy, there will be jobs galore.  We have cut social spending drastically, and it's not a huge problem since we have more jobs available than people to fill them.  Nobody will want to be on Welfare in an "80's on steroids" economy.  Everyone will become upwardly mobile again.  We haven't heard that term in a few decades, have we?  Upwardly mobile - ready for promotion, more work, more responsibility, more money.

 

The combination of more people working and almost nobody on government handouts will mean a far reduced role for the federal government.  There will be far less to spend money on.  Instead of spending 4 trillion dollars a year, we would be spending more like 800 billion dollars a year.  That's about whet we spent in the early 80's.

 

So that brings us right back to the question of tax rates.  If we're only spending 800 billion a year, but we're bringing in 6-7 trillion a year, why does the federal government need so much money?  We could easily cut the effective tax rate down to 3% and bring in around 1 trillion in taxes.  Anything left over would become a tax rebate.  But do we do this, or do we initiate a grand and ambitious plan like de-toxifying the rivers?  That would be the new subject for debate.

 

And of course, we stipulate that there will be no grand ambitious plans that take over 2 years to complete.  These things tend to turn into careers.  In my experience, anything that promises results in 5-10 years never delivers the promised results.  It always costs 10 times more, and drags out for twice as long.  But that's OK for the people in charge of it initially, because they have moved on by then, leaving the failure for some other hapless fool.  So instead of 20 years to clean up all the rivers, how about 2 years to clean up all the rivers in New York?  We'll see how that goes.  There has to be a definite expected completion date of 2 years so we can see real results.

 

This 2 years is a maximum, not a minimum.  More ideally, do it in 2-6 month chunks.  This is where we see real results.  Larger projects would be done in phases, showing tangible progress along the way.

 

There is a possibility that a project might actually need 10 years to bear fruit, like maybe that mining mission to the asteroid belt.  Still, wherever possible, we should break everything down into digestible chunks of 2 years or less.  We don't commit to the mission until we have a propulsion system, tested the artificial gravity, and have perfected space mining.

 

And for a huge project like this, we would have a separate tax.  Let's say the base tax rate is 4%.  There is another 1% tax specifically for the space mining project.  If this project gets canceled due to success or failure, we immediately eliminate the tax.  Why collect taxes for a program that no longer exists?  And none of this renaming it to suit some new project.  If you want funding for that, you create your own new tax for it.  In no case will the total undeducted tax rate exceed 20% without a 4/5 supermajority in both Houses.

 

Can we have underwater cities?  Sure, but there will be a separate tax for that, and we need results in 2 years.  Can we have mag-lev trains connecting the country?  Sure, but there will be a separate tax for that, and we need results in 2 years.  Can we have cleaner rivers?  Sure, but there will be a separate tax for that, and we need results in 2 years.

 

I hope you see the pattern here.

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PlayStation MVP
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Re: If you were the President, you would...

Jan 28, 2013

I love this thread, great post gadget.

 

You and I should run for pres/vp :smileytongue:

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Re: If you were the President, you would...

Jan 28, 2013

PLYMCO_PILGRIM wrote:

I love this thread, great post gadget.

 

You and I should run for pres/vp :smileytongue:


I am an American citizen, and I approve this message.



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Re: If you were the President, you would...

Jan 28, 2013

construct a Moon White House and live there forever, throwing rocks at Earth.


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Re: If you were the President, you would...

Jan 29, 2013

If I was president I would order a secret experimental atomic weapon under the Capitol Building. Then after I lose the resulting election I would hold an assembly with the entire chain of command and both houses of Congress present with all the Supreme Court Justices present as well.

 

Then I would give them all ice cream and have the craziest party ever!

Deadly Neurotoxin!
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