What President Obama Can Do To Fix The American Economy

POTUS

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Regressive Flat Taxation

It doesn’t matter which party you belong to because ultimately we are all USA citizens. I can’t image what goes on in the minds of our leaders that they don’t understand we are all suffering from a regressive flat tax. The poorest people in the United States of America are being taxed at the highest rates. It is done through a regressive flat tax system which is not only unconstitutional but also is killing the USA economy. The USA as a country is now at a time when the only way to preserve the economic prosperity of the country is to tax the wealthiest Americans at extremely high rates. The flat tax must be removed so consumers can spend again not only to put food on the tables for their families but to preserve the dignity of the majority of American People which is to promote the general welfare. Somehow I am unaware of how and when the wealthiest people in this country have gained more rights than the majority in this country. But the class disparity in this country must end as it will only lead to civil war. We need new leaders and not from the corporate monkey Tea Party Movement because we are well aware of their game. But real new leaders who will not stand up in Washington DC to claim we are broke and raise higher regressive flat taxes on the poor of this country. How can the country be so poor when the government has imposed higher and higher progress flat taxes? Where are the revenues from the higher regressive flat taxes? Are they all sitting in a vault or is that revenue source being used to bribe everyone in DC? Washington DC has become this over nepotised criminal institution in which they are so inbreed they have forgotten their duties to the people they represent and the country which they serve.

And this isn’t Democrat or Republican argument for those that wish to argue from those sides but a real honest look at what caused our economic demise in this country. Both Democrats and Republicans have been accomplishes to this regressive flat tax on all commodities and where are the revenues? Where were they spent? If anything this has been the biggest heist in the name of regressive flat taxes in the history of the USA. And all parties including and especially the Tea Party are to blame.

No one in DC is willing to admit the demise of the economy is due to regressive flat taxes on 99% of Americans. And all the newbies in DC want to talk about reducing the debt but will not speak to the revenues generated over the last decade as a direct result of progressive flat taxes. They will not tax the wealthy. Goodness forbid, Hollywood ever have to shell out money like the rest of us.

This has been the biggest heist of American wealth in the history of the USA and t has been going on for a decade. I would like Washington to own it. It is time because there isn’t one of us out here that isn’t fully aware this has been going o in the name of global terrorism.

It has been jihad on the wallets by a regressive flat tax which spares the wealthy from carrying their share of their responsibilities in the USA..


Explanation of Regressive Tax

Incentive to be a Millionaire...Hunger!!

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Both Parties

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Recommendation to Fix the Economy

Recommendations for POTUS to Fix the USA Economy

Although I believe this should come from treasury apparently it hasn’t so I will make these suggestions.

1) Tax everyone that makes over $200 K a year at 50% or Higher.

2) Eliminate the Regressive Flat Taxes Completely

3) Figure out where all of the revenues from the regressive flat taxes have gone over the last decade and then redistribute that wealth.

4) End CEO corporate tax loop holes.

5) Penalize Corporate CEO’s for any wrong doing especially since we are living in a post world comm. And eron environment.

6) Provide tax incentives to corporations to hire American citizens and penalize and convict corporations that higher none USA citizens. I know the role of leader of the free world and president can be confusing but frankly you have obligations to your own people first.

7) End tax credits for people owning more than one home.

8) Impose a slum lord taxation in which any slum lord caught not maintaining their rental properties must pay a 75% tax increase the next year. Raise the slum lord’s rent a 100% if they rent to a none USA citizen and are caught.

9) End prison subsidies. Violent offenders should not be permitted to attend college free while the rest of us law abiding citizens are suffering under the burden of paying for college.

10)Tax organized crime and the drug trade. More drugs are being trafficked and sold in the USA than ever and there is a very visible drug trade that occurs every single day. Go after drug dealers and their property and end the drug trade in this country.

11)Tax Hollywood and all of their off shore bank accounts where they are hiding money in the Caribbean. If taxes are good for the rest of us they must be good for all of Hollywood as well.

Now these are eleven simple suggests to get the USA back on the path to Economic Prosperity. There is lots and lots of money in the USA and it just isn’t being redistributed. In these suggestion, entitlements aren’t touched and revenues are raise which is what everyone in Washington DC claims to want but they just don’t seem ton have a handle on how to do it.

But then again DC would have to admit they have used a regressive flat tax which has collapsed the USA economy and cause subsequent financial hardship on their constituents and the world economy. It has been my experience DC never takes personal responsibility.

I know everyone claims it will never get passed but since it is both parties I can’t see why they can’t simply suck it up and fix what they broke. We know out here now. Time to fix it and if anyone suffers it should be the DC crowd and not the people outside the beltway who have been paying the regressive flat tax for the last decade and supporting DC’s addiction to spending. Everything that has been done in the last decade has been to force people to consume so they would pay higher regressive flat taxes to generate revenues, feed the spending addicted Congress and prevent taxes on the wealthiest Americans so no shared sacrifice.

Time for the rich and the DC crowd to feel the pain the rest of us have endured for over a decade.

The Debt Reduction Committee which I want to be on isn’t going to address any of the serious financial issues of this country unless they eliminate the regressive flat tax and tax the corporations ad the wealth in this country. They will only save face in the international community.


In Obama's Own Words

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Comments 9 comments

HSchneider 5 years ago from Parsippany, New Jersey

Excellent recommendations JTWalters. Thumbs up.


Nspeel profile image

Nspeel 5 years ago from Myrtle Beach

If only it were really Obama's call. Excellent article though voted up


JT Walters profile image

JT Walters 5 years ago from Florida Author

Hi HSchneider,

Thanks for the read, oomment, review and rating. It is appreciated.

JT

Hi Nspeel,

Thanks for the vite up but as I stated in the article it isn't a Republican or Democrat or Tea Party Movement problem it is a problem with the way Wshington DC does busiiness period. I wrtoe another article called throw the bums out and that goes for everyoe who can't do their job.

JT


graceomalley profile image

graceomalley 5 years ago

While I think these are great recommendations, and would get the US back on the road to an equal society, i think that the very wealthy have gained such an advantage that reversing this trend will be very difficult. it has all been framed in terms of "freedom," and tax breaks for the wealthiest will give prosperity to all. Unfortunately, the gap has only widened between rich and poor in the last ten years.

As to where the money went - 1) Wars are very expensive and 2) I personally think at least some has funneled to offshore accounts.

One thing I would add. We should all be under the same system. Let Congress participate in the same healthcare system and retirement benefits as evryone else, and when they vote on policy, let it be the policy which will directly affect them and their loved ones. We would see a very different system then.


JT Walters profile image

JT Walters 5 years ago from Florida Author

Hi Graceomalley,

The USA makes money in wars. Between the heroin deals, arms deals, oil deals and the nation building deals the USA has done quite well for itself in these wars. The question is why hasn't that wealth been redistributed and it is a good question since a flat regressive tax was used on all of America except the wealthy to pay for the wars, then it only goes to reason that all of America except the wealth should prosper from the wars. But for some reason the government has choosen to redistribute the wealth only among the wealthy who haven't paid taxes and haven't bared the flat regressive tax to pay for the wars?? It really doesn't make any sense. Those that paid should be paid back first.

So

1) The USA has made a lot of money off these wars and wrapping up in North Africa will also produce a hefty oil profit.

2)I agree the money has been moved out of the USA and into other countries including but not limited to Liechenstein and the Carribean and Canada.

And yes, I think Congress should have to live the life of their weakest and worst treated citizen every single day they serve in office so they can truly represent. They and their families should live the fate of their worst deals. It is their Karma.

Thanks for reading, commenting and taking the time to provide feedback.

All My Best,

JT


Ralph Deeds profile image

Ralph Deeds 5 years ago

You're on the right track on this one.


JT Walters profile image

JT Walters 5 years ago from Florida Author

Hi Ralph Deeds,

It is good to hear from you. From your lips to Obama's ears.

Thanks for reading, commenting and providing feedback.

JT


poshcoffeeco profile image

poshcoffeeco 5 years ago from Cambridgeshire

Nice article..love the cartoons. All governments seem to make money out of war one way or another I think. They would say different. But when did a politician last tell the truth or answer a direct question ?


JT Walters profile image

JT Walters 5 years ago from Florida Author

Hi poshocoffeeco,

Probably the last time a politicain told the truth is when they were last caught in a lie. So me a poor politician and I will sow you an honest one. I don't know a poor politicain.

Thanks for reading, commenting and providing feedback.

JT

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