Here is the Tax Plan to save the economy, AND Social Security

Let's get the labels out of the way FIRST; It is a FLAT TAX!

Now on to the Details;

A Flat 18% income tax. No loopholes, deductions, carve outs, No ways for crooked politicians to craft new tax policy specifically for their donors. Only a generous personal exemption of $10,000 per taxpayer, and $5,000 per dependent. THAT'S IT! OH, and if you end up with zero tax liability, or less than $500.00, you MUST pay the MINIMUM tax of $500.00. EVERYONE must have skin in the game. Everyone benefits from society, therefore everyone must contribute.

For Businesses it is ALSO simple. a Flat 18% tax on net operating profits.

Now to the numbers;

According to the IRS; there are 209,000,000 taxpayers earning $12.5 trillion dollars. There are also 62,000,000 dependents. This means that we will lose $2.1 trillion to personal exemptions, under my plan, leaving $10.4 trillion being taxed at 18%, bringing in $1,872,000,000,000.00.

For Business;

According to the IRS there are $1.724 trillion in business profits. taxed at 18%, this brings an additional $310,320,000,000.00 for a total revenue of $2.183 trillion.

Now here is where it gets fun;

TOTAL Federal revenue for 2010 was:

$2.2 Trillion. of which;

$1.1 trillion was income taxes

$900 billion was SS and Medicare/aid

$200 billion was business taxes.

NOTICE, that our income tax plan covers Social Security revenue as well. This is to protect those Social Security recipients collecting, or about to collect social security. For anyone 50 or under, They will have the option to "opt out" of social security. This means that the 12.4% of their pay will keep being paid, but to a retirement fund that THEY OWN AND CONTROL, NOT CONGRESS! Initially only broad based index fund, municipal bonds, and other "safe" investments will be allowed, but those restrictions will ease, as more people opt for that and the burden on the taxpayer eases.

The Flat tax on business, and the prohibition on Congress from screwing this up, will make the economy explode. Gone will be the trademark temporary band aids and uncertainty of the Obama administration. Gone will be the endless need to bribe crooked politicians for favors. Gone will be the need to spend, collectively $600 billion on tax preparation, planning, and avoidance.

The flat tax on individuals will mean the savings of $64 billion spent on income tax preparation, and avoidance. A Flood of new capital for investment, and the opening up of former tax shelters to productive use of capital, as the tax consequences have diminished, as well as the need to avoid future political footballs. Social Security will be funded for those who wish to remain in it, and for those who wish to increase their retirement funds, they will be able to do so.

My loony lefty friends, You may now proceed to attempt to poke holes in this.

Federal Fiscal Idiocy

In a not too distant past, Presidents exhibited LEADERSHIP. This meant that during times of War, the president was front and center laying out his vision for winning, and ending the war. In fiscal crisis, the President was front and center telling the American people What his plan was to deal with the crisis, and why it would work.

OUR President has chosen to "Lead from behind" (in previous administrations this would have been considered FOLLOWING!) Eight months to decide on Military tribunals. Seven months to decide to send more troops into Afghanistan. 37 days of oil flowing into Gulf to find time in his bust golf schedule to meet with the head of BP. Warned by rating agencies of an impending downgrade of our debt, if $4 trillion of debt was not cut, He chose to present a budget with 1,200 NEW spending programs, that would ADD $9.9 TRILLION to the debt over 10 years ON TOP of the $5 trillion already added in the first two years of his dearth of leadership. So disastrous was his budget that in the Democrat controlled Senate IT FAILED TO GARNER A SINGLE VOTE! 0-97!

Here are some sobering statistics, to demonstrate the scope of what failure of leadership has wrought;

The top 10%, or 13,996,058 people pay 70% of the nations bills!, while 240,000,000 PAY NO FEDERAL INCOME TAXES! Since 1982 we have pushed an ever growing burden upon the shoulders of an ever shrinking segment of the populace. And NOW, under the cheering on of the most divisive president in history, those 240,000,000 BELIEVE what their president tells them, that these 13,995,058 are NOT PAYING THEIR FAIR SHARE!

Under our president's direction, the federal government NOW spends 26% of EVERY DOLLAR this nation produces! If you throw in State and Local governments, 49% of EVERY DOLLAR EARNED IN THIS COUNTRY GOES TO GOVERNMENT!

This means that the producers, have to work TWICE AS HARD to feed their own families because the government takes half of their production. As the Envirowackos say, "This is unsustainable"!

What ARE "worker's rights"?

We hear a lot of discussion about worker's rights. usually the people doing the talking couldn't care less about the individual worker, but more about using that individual to advance their own political agenda.

So let's examine what "rights" workers should enjoy. First, when a worker is hired by the company that employs them, their hiring is, in effect, a contract between the company, and the individual. The individual agrees to provide the best of his efforts for a fixed sum of money. The employer agrees to provide certain delineated conditions, pay, benefits in exchange for that labor. This is basic. But those who purport to defend worker's rights, do not have this basic exchange in mind. Their efforts are aimed at emasculating the employer to the increasing benefit of the worker.

Providing the employer adheres to his end of the bargain, should the employee be able to force the employer to pay more than his labor is worth to the company? The union bosses would say YES!, however I would be willing to bet that if the company demanded less pay in exchange for the same work, they would howl. But how can it be "fair" for one side to hold the other hostage, but not the reverse?

Does the worker have the right to lay down his tools and stop work at any time? Yes, This practice is usually followed by the end of that employment. Is this fair? Yes, Absolutely, the worker, by ceasing to provide his labor, assuming that the employer was holding up their end of the bargain, broke the deal.

Does the worker have the right to demand better pay or working conditions? YES, they do, but if the employer is not willing to meet their demands, they are free to continue working, or leave, NOT to hold that business hostage until their demands are met.

Does the employer have the right to cut worker pay arbitrarily in bad economic times? NO, The pay is a fixed sum agreed upon hire. The worker must get paid before the owner gets paid.

These simple basic rights are NOT what your politicians in Washington refer to when talking about worker's rights. They mean "card check" which is the abolition of secret ballot voting for union representation. They wish to replace the secret ballot, with forced unionization upon signing of a card, regardless of circumstances. They mean "living wage", which means a FORCED minimum wage of between $12.00- $20.00 per hours REGARDLESS OF EMPLOYMENT STATUS!

Who pays for all of this demanded largess? We all do in higher prices, lower competitiveness, fewer jobs, more regulation.

It is time to Kill Robin Hood

All throughout our childhood we learned the story of Robin Hood. Immortalized, and taught to us as the triumph of the poor over the rich. Robin is ALWAYS pictured as a champion of the poor. But is that the truth?

The popular, and politically motivated, version of the story is that Robin Hood stole from the thieving rich to give to the downtrodden poor worker. Aww, does there exist a more potent symbol for the Socialist utopia?

The TRUTH is that Robin Hood was not a champion of the "poor", but of "property". Prince Richard(the government) was stealing through ever increasing taxation the fruits of the poor farmers labors. The Farmers(the private sector) who was receiving little direct benefit from this legalized theft, were actually supporting their oppressors, while being powerless to stop it.

Along came Robin Hood and his band of merry Men, to save the day. They stole back form the Prince that which he had stolen from the farmers, through excessive taxation, and returned it to it's rightful owners.

If the story were acted out today, in it's literal accomplishments, Robin would be an anti-tax collector of sorts, retrieving our purloined monies from the IRS to restore to those who had it appropriated from them, which in today's America would mean 69.94% to the top 10% of income earners, 16.4% to the next 15% of income earners, 11% to the next 25% of income earners with the bottom 50% of income earners getting the 2.7% left. As that is today's income tax distribution.

We now live in a time where the Ruling party in Washington has governed for 953 days without the LEGALLY required budget. hence, with no spending plans or restraints upon them they have increased spending dramatically, But EVEN THEY, as corrupt and self centered as they are, could not approve Obama's budget proposal which further increased spending by $9.7 trillion dollars. While the President demand more tax revenue, neither he nor his party can tell you what they are going to do with it. WHY would we give them more of our hard earned money, for them to blow as they have the last three years?

The future success of our Nation directly correlates to our perception of stories like this. The more people see it as stealing from the thieving rich to give to the poor workers, the further we slouch towards Socialism. The more people see it for what it is, The workers RIGHT to own the fruits of their labors, the Freer our nation will become.