Wednesday, May 12, 2010

TOP 5 Policy Changes Yet To Be

Still Up!

1. Proportional Public Campaign Finance

Either ban or significantly limit private funding for elections. Give political parties/candidates, funding based on previous election results. This would require elections with automatic runoffs.

2. Tax Free Investment

Of course you should pay taxes on money you earn (including deductibles). But you should be able to deduct 100% of cash investment that is not "cashed out." If you touch it (AKA sell), it's income and you pay taxes on it. Of course there should still be a Roth IRA option for a limited amount of your investing in mutual funds. Just think, tax-free Roth! Eliminate capital gains and losses.

3. Progressive Taxation With Unlimited Deductions

We really need to raise taxes. Really. Personalized tax brackets. Taxable income is $20,000; You pay 10% flat. Taxable income is $21,000; You pay 10.1% flat. Something like that. Plus, every expense that is necessary or required by law would be fully tax deductible regardless of income. Increase personal exemption and eliminate tax credits. People with high income and low expenses would see a tax increase.

4. Nuclear Power

Of course, I'm nearly guaranteeing a nuclear disaster of epic proportion, but compared to the oil spill in the Gulf of Mexico, nuclear meltdown almost seems preferable. At least we have a plan for that. Even environmentalists are starting to get on board with this one.

5. Medicare Buy-In

The thing that Lieberman supported before opposing it. At least start by letting citizens 55 and older to buy Medicare at a predetermined, income sensitive premium. Just because we're getting rid of preexisting conditions doesn't mean health care will be affordable for these people.

Okay, I'm going to bed. This is getting ridiculous. Fun though.

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