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A Modest Proposal: How to fix the American Economy

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Democrats have some interesting ideas on how to fix the American economy.

Most of those "ideas" revolve around Americans going further in debt so that Washington lawmakers can decide how and to whom they would like to dish out money.

Massive tax increases on the most productive Americans are also on the table.

How about this counterproposal:

1. Cut payroll taxes on firms with less than $500,000 per year in gross revenues to ZERO until at least 2015.

2.Eliminate the income tax and replace it with a National Sales Tax on all non-food and medical product purchases pegged at 8% and adjusted every 5 years to the CPI.

3. Cut federal spending 2% EACH  year for at least 10 years.

4. Close the borders, ports and airports to all foreigners from countries whose governments are hostile to the United States. Also ban long term visas to all those who do not (at least) hold a bachelor's from an accredited international university. Foreign visitors may not stay in the United States for more than 96 hours without registering with the DHS.

5. Any company that manufactures its products overseas and hires mostly foreigners but considers itself an "American" company must pay an extra fee of at least 25% yearly gross revenues to remain headquartered in the United States. This fee money will go to the states with a note encouraging its use for "job training programs". ;)

6. Let interest rates float on the open market and not dictated by the central planners at the Federal Reserve.

7. In fact, let's END THE FED.

Well what do you think?



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