Wednesday, August 22, 2012

A good start!

Here is what I would call a good start.

1st Re-instate the Glass – Steagall Act to keep banks from using the FDIC to insure their bad investments of our money. Separating the commercial and investment banking sides once again. This will help stabilize our economy and halt the coming depression.

2nd In-act term limits on Senate and Congress seats to serving no more than 6 years in office stopping career politicians from becoming puppets to special interests and limiting the amount of damage big business can do with bribes \ campaign contributions.

3rd Impose a new tax plan that favors the people and the nation not the rich. No taxes are to be paid by anyone making $50,000.00 per year or less. Incrementally taxing those that make slightly more than $50,000.00 per year insuring they don’t take home less than $50,000.00 until they make enough over the $50,000.00 per year that they can afford a flat tax of 25% across the board. NO BREAKS.  That means if you make $1,000,000.00 per year you pay $250,000.00 in taxes.  Also no taxes on small businesses that make less than $100,000.00 per year in profit with the same incremental increase over the $100,000.00 cap until they too pay a 25% rate.   

4th Legalize the commercial growing and distribution of Marijuana for recreational and medical purposes. Regulating the industry and taxing recreational marijuana sales federally at 400%. If you think this sounds extreme look at tobacco companies. If they were to sell a pack of marijuana cigarettes in a store today they could make $3.00 per pack federal tax would be $12.00 the state could tax another $5.00 per pack and you would still only be paying $20 for 20 marijuana cigarettes of the finest quality. They could also market and sell many other THC infused products bringing in huge tax revenue. The plant waste could also be used to make other products like paper, rope or millions of other things.    

5th In-act a bill making it illegal to withhold pay from any active serviceman regardless of any budget concerns. If we can’t take care of the men and women we depend on to keep us free, what does that say about us as a country?  

Occupy Freedom LA