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#28
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Then eliminate all income and capitol gains taxes, remove all anti-business regulations, and turn private enterprise loose. The economy would BOOM, and there would be plenty of jobs for those on the public tit to move to the private sector. Institute a national sales tax that is fixed by law at 5% , with exemptions for purchases using savings that have already been taxed. Use short term borrowing from China to keep the drastically reduced federal government afloat until sales tax revenues can cover the budget. The displaced federal workers would have to go on welfare until they could find a private sector job, but this should have no effect on the national bottom line since they currently contribute 0% to the growth of the economy. Social Security is a contract between the government and the people who's money was confiscated for this Ponzi scheme. The contract must be honored. Once the economy is booming and sales tax revenues increase, offer lump sum buyouts to SS recipients, and sales tax credits for those who have contributed but are not near retirement age. The contract between the US and anyone joining the Armed Forces should include that wounded Veterans will receive whatever it takes to make them as 'whole' as possible for life, and that spouses of KIAs should receive retirement benefits for life. The cure is to get the government out of the nanny business, and back to the scope spelled out in the US Constitution. They could start by sealing and defending our borders, and bouncing the illegals back to where they came from. The above would be painful for some, but it would only take a couple of years to bear lasting fruit for our nation.
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1983 V20 Cuddy, 3.7L/165hp Mercruiser Fishing out of Portsmouth NH |
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