Thirty Billion Dollars is a huge amount of money, but it translates into less than 0 per Us person--- a small price that we should all be willing to pay to give the Automobile business time to restructure itself and to save a few million jobs.
Give them the green, but have them pay it back in a more economy and environment friendly manner. Here's the deal:
Replacement Social Security Card Application
Every new American-made car buyer would receive a debit card along with his possession papers. The card could be used for anyone other than the car buy itself. Card amounts would vary from ,000 for "smart" cars, straight through ,000 for fuel-efficient sub-compacts, ,000 for other borderline greenies.
The debit cards would lose 20% of their value per month if not negotiated. All debit cards would function as free passes for all highway tolls so long as they are used with the permissible automobiles.
The 60's gas-guzzler tax would be resuscitated and applied to all V-8's, Suvs, low gas mileage vehicles, and non-commercial-use trucks--- none of which would be eligible for the debit cards.
The tax would apply to all cars, foreign and domestic, and would be paid directly to a new incommunicable enterprise formed by the top ten Us assurance companies. This enterprise would be the prototype enterprise model for annuitizing the existing pensions of communal safety recipients.
And for the rest of us, let's encourage our elected representatives to try this list of popular economic stimulus ideas. Or, maybe a better option, we could just fire them and start over.
One. Phase out all corporate income and nuisance taxes over a three-year period, 50% immediately. Then, assure that corporations use 60% of the savings for job creation and/or non-executive salary increases.
Two. Eliminate all death and gift taxes at any level.
Three. Eliminate all taxation of seclusion income received from any source (including communal Security, Iras, incommunicable pensions, 401(k)s, etc.), and paid to persons age 55 and over.
Four. Slash communal safety taxes 50% for every employed person, and originate a mandatory deferred annuity agenda (see Ssria) for younger workers. Phase out corporate matching communal safety contributions over three years, as above, and matching self-employed contributions immediately.
Five. Implement a tort reform strategy that reduces all claims and legal fees by no less than 60%, and provides controls to assure that assurance premiums are reduced commensurately. Adopt a religious doctrine of personal accountability for poor judgment, ignorance, stupidity, and recklessness.
Six. Found a usury law that limits reputation card interest rates, requires monthly debt allowance for card eligibility, and outlaws all extra late fees and charges. Allow providers to freeze delinquent accounts, but require flexible interest rates based on reputation scores. A rate cap and outlawing the unsolicited mailing of reputation applications is imperative.
Seven. Found a 10% Federal Sales Tax on all cash (currency) payments for goods and services. Federal sales tax receipts would be used to fund annuitizing of communal safety payments and to fund Medicare payments.
Eight. Replace the Internal income Code with a mixture of the Fair Tax and Flat tax proposals that have been circulating straight through the Congress for too many years.
Nine. Adopt ample shareholder safety legislation that would operate and regulate abusive salary and advantage structures afforded corporate executives.
Ten. Eliminate income taxation of all forms of investment income, along with rent, royalties, capital gains, and interest. Landlords would be required to cut rents proportionately.
Or, stop the war and spread the wealth around.
see A Quick Jolt For the Auto Economy, Plus Ten
No comments:
Post a Comment