As a self described radical moderate, I have to navigate some
choppy waters out in the middle of the raging river. Yes, I know, that means that I am “all wet” much of the
time. ; ) I may tend to lean to the left on
social issues that I feel need to be addressed for the poor and justice. But I lean right in my concern about
fiscal issues that need to be managed for the financial solvency of the nation
currently, as well as for future generations.
I believe that budgets are moral documents that should reflect
the intentions of the people that populate a nation. I realize much of what I
propose here is rather utopian, and certainly would be open to much debate and tweaking
before it would ever be realistically considered. And honestly, we’ll be lucky if only a quarter of these
concepts were to get consideration. Additionally, I really have no idea if
these numbers would actually add-up to what needs to be done to reduce the
massive debt and runaway spending. But I think they would all be steps in the
right direction. So, here is what I feel--in my radically moderate worldview--needs
to be done to work on the fiscal issues confronting this country.
Over the next ten years, the following cuts need to be
phased-in:
1) Reduce all entitlement
programs by 25%. Primarily accomplished through cost-cutting of overhead,
overcharges, etc.
2) Reduce military spending by
50% (we currently spend more on military than the rest of the world COMBINED).
3) Reduce foreign aid to
advanced nations by 75%.
4) No more corporate welfare
(like tax cuts to oil companies, mega-farms, etc).
5) Drastically reduce the
overlap and redundancy in government programs. This might pocket at least 5% in
savings per year.
Over the same time period, phase-in these tax reforms:
1) Create and enforce a much
simpler tax code based primarily on some basic flat rate (probably around 20%)
with very few deductions.
2) Raise the retirement age to
67.
3) All businesses pay a 25%
fixed tax rate.
4) All non-profits (including
churches) begin paying a 10% tax rate on their income as well as annual
property taxes.
5) All investments get taxed
at 20% per year on whatever gains they generate in a given year.
6) Have a ½ of 1% tax levied
on every single trade made on Wall Street. Whether it is a $200 purchase on several shares of stock, or
massive multi-million dollar transaction.
7) No more out-of country tax
shelters unless you have exclusive citizenship elsewhere.
8) Increase tariffs on
products imported from overseas that are also manufactured in this country.
9) The federal government will
be required to have a balanced budget each year--if not, all members of
congress will be dismissed with no life-long benefits.
10) After this is
implemented, if there is a certain point where the deficit is reduced and there
begins to be a surplus, then put to a public vote the idea of universal
healthcare.
11) Also, if the surplus
continues to grow, then there will be once-a-year refund checks sent to
everyone based on splitting half of that surplus according the amount that they
put into the pie in that previous year. For instance, the people who paid the
most in taxes would get the largest refund. The people who paid the least would
get the smallest refunds. But this only happens when there is a surplus.
12) If the deficit
grows again, no refunds.
While I’m at it, here are a few other areas that need to be
addressed:
Election reform:
1) There will be massive
campaign finance reform where candidates will have a preset maximum cap on what
they can spend based on the population of their constituencies.
2) Citizens United will be
repealed, so no outside money allowed to be spent, either.
3) Campaign season for general
elections will last 6 weeks. For
primaries it will be 4 weeks for each state/district.
4) If any candidates are found
to exceed these boundaries, they will immediately be removed from the ballot,
and all remaining campaign monies in their coffers will be seized.
Lobbying reform:
1) No more lobbyists.
2) Only private citizens will
be allowed to interact with government employees.
3) No money will be given to
government workers outside of their salary for any reasons whatsoever. If they
are found to be doing so, they not only forfeit their jobs and pensions, they
also go to prison for five years.
OK, feel free to comment.
Please be kind to me and each other. I am not posting this to create some sort of political
firestorm. I would just like some
thoughtful give and take and what our options are moving forward. Let’s keep things good-natured,
open-minded to various concepts, and let’s keep it focused on the items listed
above. The challenges we face
should not be defined by political party or persuasion. We’re all in this boat together, and
hopefully we can solve it together.
: )