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How to fix the economy and remake America for less than $1 Billion

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Last Edited: February 24, 2009, 4:13 pm

How to fix the economy for less than $1 billion and remake America

All of these steps must be taken as simultaneously as possible. 

1.  Give each and every American citizen with a valid social security number (including all children)  $3 million TAX FREE.  All debts up to $3 million must be paid off within 30 days of receiving this money or the debtor is punishable with incarceration until such debt is paid off as outlined in step # 8 below.  Any person depriving a citizen (e.g., his children) of the $3 million should be punished the same way.  A bank account must be established for each citizen (including children) in order to receive the money and the money cannot be accessed or used by anyone other than the account holder.

2.  Deport all illegal aliens.  Enforce all immigaration and citizenship laws.   Monitor and enforce visas.  Deport violators permanently.

3.  Make ALL usury (debt with interest) illegal.  (This is a crucial step.)  Eliminate the sale of US Treasury notes and all other debt instruments.  Eliminate consumer credit cards.  Eliminate interest bearing accounts.

4.  Eliminate Social Security, welfare, Medicaid, Medicare and all other federal government handouts, including all foreign handouts.

5.  Eliminate the income tax and all other current forms of federal taxation and replace it with a consumption tax (sales tax).  This tax should only be enough to cover the costs of step # 7 (below) and to pay off our foreign debt in a reasonable fashion.  After our debt has been paid off the tax will be adjusted downward. 

6.  Close all US military bases around the world and bring all troops and armaments home to defend our borders.  Ensure Posse Comitatus.  Any violation of this act shall be considered treason and punished as such.

7.  Restructure the federal government to be allowed to do only what it has been specifically tasked to do by the US Constitution (another crucial step.  I believe there are only 20 functions assigned to the federal government by the Confederacy of States).  The nation's money supply must be based on a set commodity such as gold and must be fully controlled by the federal government.  The government cannot create new money except to replace money lost due to circulation.  Eliminate all government agencies except those that are needed to do the specific functions as tasked by the Constitution (that would eliminate almost all federal agencies).

8.  Re-define the banking industry.  Banks will no longer be able to use any of it's customers deposits for any reason whatsoever.  Customers will no longer get interest for accounts.  All banking operating costs and profits must be derived from fees it charges its customers.  Any bank that fails to return 100% of a customer's deposit (minus fees) upon demand will be immediately closed down, assets liquidated and returned to depositors, and its owner and board of directors will receive a mandatory sentence of forced labor within a prison until their depositors have been paid off, or until death, whichever comes soonest.  Forced labor will consist of performing services or manufacturing things for the state at a reasonable wage for that function.  All wages are to be given in equal increments to the defrauded depositors.

(Note:  All forms of stealing should be dealt with harshly and punishment should be focused on repaying the victim.)

9.  Eliminate all futures trading markets.  Limit public trading markets to stocks and bonds issued by corporations.  (No more public trading on currencies, commodity futures, etc.).  The investor accepts ALL risk incurred.  No citizens or government entity outside of the company and its investors are to be held liable for any losses incurred by that company.  Companies convicted of defrauding their investors should be treated the same as the bankers in step # 8.

10.  Return to the rule of law.  Anyone entrusted with enforcing the law (as applied equally to all men) who fails to perform their duty shall be held equally liable and punishable for the same crime.

11.  The $3 million handout is a one-time deal and the citizen must use it to provide for his debt repayment, his own retirement, food, shelter, etc., for the rest of his life.  All future citizens must provide their own money to support themselves from cradle to coffin.  This last sentence must be drilled into our children's heads as a fact of life.  There will be no bailouts, we are responsible for ourselves.

 
We have to eliminate the 'debt/interest' mentality.  We must realize that interest and debt is fake money and has no inherent value.  This concept has been abused to such an extent that it has endangered the future standard of living of all men for the benefit of very few.  We also have to eliminate the "it's the government's job to take care of me" mentality.  We are each responsible for ourselves.  If someone endangers our ability to do that, thay should be dealt with harshly.

This could be a fresh start and get us out of this mess cheaply and permanently.  Unfortunately, it will never happen.

Entry #182

Comments

1.
JAP69Comment by JAP69 - February 24, 2009, 4:40 pm
When do I get my check. LOL
2.
konaneComment by konane - February 24, 2009, 4:54 pm
Me too, am frugal can make it last.
3.
Rick GComment by Rick G - February 24, 2009, 5:38 pm
99% of Americans would benefit. The banks would benefit. Our economy (and the rest of the world's) would reverse itself. At a cost of $1 billion as opposed to multi TRILLIONS that will not do anything to save our economy. It is a bottom-up approach and everyone benefits. It could work if it were allowed to happen.

But we have to stop the debt/interest game. It was created by the bankers for the bankers and it goes back to the 1800's. Presidents and statesmen going as far back as Washington warned us of the bankers. We just didn't heed them. We didn't realize how evil they could be. A fresh slate would allow us to start anew with a new plan and cut the puppet strings once and for all.



4.
TenajComment by Tenaj - February 24, 2009, 5:55 pm
If I accept the 3 million can I move out of America because God would have to destroy it.
But I like the rest of your ideas.
5.
jarasanComment by jarasan - February 24, 2009, 6:25 pm
The math doesn't work $1,000,000,000 divided by $3,000,000 pays only 333 people.

$100,000,000,000 pays 33,333 people

$1,000,000,000,000 pays 333,333 people.

$10,000,000,000,000 pays 3,333,333 people.

$100,000,000,000,000 pays 33,333,333 people.

I think this is the right number: $200 trillion to give approx. 60,000,000 taxpayers the $3 million.

With a billion you can only give 60,000,000 people $16.66. But..................................

if we eliminate Item 1 and leave the rest it will still work, I don't want Tenaj to leave.
6.
Rick GComment by Rick G - February 24, 2009, 7:50 pm
Bad math (thank you for pointing that out jarasan).

Oh well...back to the drawing board.
7.
LOTTOMIKEComment by LOTTOMIKE - February 24, 2009, 8:53 pm
rick i wish you were president.those sound like good ideas.honestly these washington politicians will never do things the easy way.they do things either halfway or totally underhanded that most americans don't believe their promises.
8.
jarasanComment by jarasan - February 24, 2009, 9:00 pm
My favorite is #5.
9.
time*treatComment by time*treat - February 24, 2009, 10:22 pm
Interesting ideas, Rick G. With some luck, maybe Quinn will consider you for Burris' seat. In the meantime, you may want to avoid flying for awhile, just to be safe. One of those remote-car-starter thingies might be a good idea, too. :)
10.
emilygComment by emilyg - February 24, 2009, 10:52 pm
Sign me up.
11.
truecriticComment by truecritic - February 25, 2009, 1:42 am
I was really liking #1.
DARN!
12.
justxploringComment by justxploring - February 25, 2009, 4:50 am
Totally unrealistic except your last 4 words.
13.
Rick GComment by Rick G - February 25, 2009, 8:11 am
Thanks for all the responses. It was a fun exercise even though I had the math screwed up. By the time they add up all this 'bailing out' to every street but Main St., it would still be a decent chunk of change that could have gone back to the taxpayer who would have given it to the banks and retailers. The taxpayer would have directed it to where it's needed instead of into a CEO's untaxed Cayman account.

Re: # 5...I read yesterday that 44 representatives proposed a fair tax bill. That would be some change we all could believe in!
14.
konaneComment by konane - February 25, 2009, 9:16 am
Fair Tax when read and understood that it in fact would NOT raise prices we pay at checkout .... and would be this century's Tea Party.

We pay EMBEDDED taxes which we don't even realize ... Fair Tax is simply making taxes known so they can not be manipulated as they are now. Everyone including drug dealers, illegals and the ultra rich will be paying their fair share because all tax shelters would be abolished.

Additionally since lottery/gambling wins are considered ordinary income not subject to FICA there would be no tax on lottery wins .... unless the Reids, Pelosis and Fwanks get in the middle of writing it. Am reposting this vid link I posted on Jarasan's blog yesterday. Is he a sociopath or does he really believe these bold-faced lies.....?????????????????????

"Paying income tax in America is Voluntary

http://www.youtube.com/watch?v=R7mRSI8yWwg
15.
TenajComment by Tenaj - February 25, 2009, 10:13 am
Thank you Rick G for posting a TRUE blog on the economy and not making it political or whine about the present administration. Never once did you mention your affiliation, cut down the people who's writing the bills and posting links to what you want people to believe.

It would had been interesting to hear the cause and effect/new problems? on each point.

i.e. #2, #6, #7, #8 and #9. Especially the new problems #1 would have created created
16.
Rick GComment by Rick G - February 25, 2009, 1:58 pm
@Janet...I wanted to include more cause/effect, but it would have been too lengthy. Good point though, and to do it properly, I should have covered that because there are reasons behind each point and drawbacks as well.

As far as your first paragraph goes, thank you. You may have noticed from my previous blogs that I am not a party person. There are good ideas on both sides of the aisle. What is most important to me is what is the right thing based on constitutional law. My two favorite congressmen are Dennis Kucinich and Ron Paul...a democrat and a republican. They would make a 'dream ticket' (in either order) in my opinion. It pains me to see the political division in this country. We are going to need each other as brothers and sisters in unity to overcome the challenges we face. For example, I want my anti-gun neighbor to realize that I will defend his family with my rifle if the need arises.

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