Tuesday, September 9, 2008
Meet My Vice President
She's a strong proponent of personal responsibility and will do everything she can to promote the personal responsibility of each and every American, and work to inhibit government interference in their attempts to take personal responsibility for themselves.
Together we want to help teach every American to take pride in setting their priorities straight to rely on themselves rather than the government. One way we plan to do that is to privatize social security. The government will no longer take ownership of your social security. You will own that money and it will go into an account for you to invest. It will still come out of your check every time you get paid, but you get to direct the investment of it, and if you die before you retire, the total balance belongs to you to pass on to your family. Once you reach the age of 50 or the balance is $300,000, whichever comes first, you can have access to it. You can also contribute more of your income to it each pay period if you wish. But the point is you can decide how much risk you want to take or not and you will own your money, not the government.
Another plan we have is to reduce the corporate tax rate to 10%. The United States currently has one of the highest corporate tax rates in the world. That's not what this country is about. We want America to have one of the lowest corporate tax rates in the world to encourage American companies that have sent operations overseas, to bring them back to the U.S. which will provide more jobs to Americans that want to work. This will also encourage other countries to come and do business within our borders. This helps you as a consumer because corporations pass the cost of those taxes on to you the consumers. The lower the cost, the less you have to pay for goods and services as long as you the consumers are prudent and the free market is allowed to operate freely to compete against each other.
We'd also like to replace the income tax, that hard working families pay,with a national sales tax. This is currently known as the fair tax. We propose a few modifications to the Fair Tax to impede government growth and takeover in your daily lives and to encourage personal responsibility rather than discourage it. All you need to know now is that you pay taxes when you choose to consume. Each family will receive a prebate every month based on family size to cover the taxes on necessities like food and clothing. Those who consume the most, pay the most taxes. It also means we will now be collecting taxes on tourists, illegal immigrants, organized criminals, and anyone else not currently carrying their fair share in the tax burden. Feel free to read up on the fair tax and ask me specific questions on what I'd do differently.
Finally, we'd like to eliminate the ridiculous death tax. It's government robbery to take money that has already had taxes paid on it once. We'd like to end that horrid practice.
These are just a few of our proposed economic changes to help stimulate the economy by increasing jobs, increasing the purchasing power of you, and giving back social security ownership to the people.