If
I ran for President, I would be a lot more specific on my plans
concerning jobs, wealth, debt, and unfunded government liabilities.
First, I would end all 2200+ Federal government subsidies totaling
over one trillion dollars a year. Next, I would require all healthy
welfare recipients who are not working to work, creating menial
public works jobs if necessary. That takes care of annual deficits
and produces a surplus. I would stop being the only major nation who
taxes companies from bringing their overseas profits to invest in
America creating new jobs in the process.
I
would revise income taxes to be taken at the gross income level
without deductions in a progressive manner, but at a lower tax rate
so that the impact is tax neutral on individuals and as with Social
Security, there would be no tax forms to fill out.
I
would add a Social Security option, based on life expectancy tables,
to fully collect the highest SS check when one spouse dies (just like
today), but with the option on the second lower SS check to collect
some, all or none of it when the first spouse dies by taking a little
bit less of the second lower check when both spouses are alive
(similar to what most pensions do today).
Also
on SS, I would fund it differently. SS consists of a pension,
disability, and child welfare for widows. I would fund SS by having
one SS tax for pensions designed so that people get back what they
put in thus limiting as today the amount of income taxed, and a
second welfare tax for the other two programs which taxes all income
(at a tiny 1-2% which is about all that is needed).
I
would eliminate overtime pay in the calculation of government
pensions to eliminate the fraud of working massive overtime in the
last year of work to boost pensions from 50% of income to 100% at
taxpayer expense.
I
would repeal the Community Investment Act and similar laws that force
banks to make mortgage loans to unqualified buyers "so that the
poor can buy homes" which later they default on their mortgages
because they couldn't afford it in the first place (the real cause of
the 2008 Recession courtesy of Bill Clinton who expanded the original
Jimmy Carter program and which Democrats wouldn't let Bush fix).
I
would fix health care costs by first allowing insurance policies to
cross State lines and compete. Most importantly, since up to 50% of
medical costs are spent on terminal patients in their last six months
of life, I would have two types of insurance policies. One type for
those who just want to be kept comfortable when near death and one
who want every effort expended (driving up costs exponentially) to
keep them alive for a few more weeks (though even with that, I would
have some reasonable government limitations). Those that choose the
comfort option would pay a lot less in insurance than those who
don't. No family member can override the option chosen by the patient
when they bought their insurance.
I
would also have third party insurance companies administer all
government health care programs as they have less than 1% medical
fraud while the government medical fraud rate is estimated at 10 to
25%, costing hundreds of billions of dollars annually.
I
would get rid of the asylum loophole at the border by requiring
foreign asylum seekers to get approval and documentation of approval
from an American embassy to show at a legal point of entry. Without
it, or even with it if they cross anywhere but a legal point of
entry, they are immediately deported without a trial.
I
also would change the definition of citizen. Those born of American
citizen parents anywhere in the world are citizens. Those born in
America of legal permanent residents are ctizens. All others are not
citizens even if born in America. They are foreign nationals born on
American soil.
Finally,
I would take some of the new budget surplus I created to increase the
size of our Army which is now too small to defend ourselves in a
conventional war and is the cause of so many repetitive deployments
overseas by our current troops.
