Organizing for America | James Chirico's Blog: Flat Tax, Republican Stimulus, Mutual Healthcare

Flat Tax, Republican Stimulus, Mutual Healthcare

By James from Brooklyn, NY - Jul 12th, 2009 at 8:54 am EDT

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A flat 5% redistribution of income tax should be levied on corporations and individuals. The money will be disbursed via a bank issued credit card with corresponding photo-id. Voting registration, additional security services (like airport pre-clearance with background check), census should all be available. A full share goes to Americans 18-65, a third share for seniors and dependents, a 2% share for wards of the state. The money can only be spent on American made goods, medical (incl cosmetic), education (incl parochial), public transportation, adoption, and funeral costs. To qualify and stay qualified for a full share you must make $20,000 or work 1000 hours or similar combined time doing community service. Housewifes/husbands, clergy, students, the handicapped, people caring for the elderly, sick, handicapped or raising children are all exempt. A free full physical, paid from this tax, available every three years, submitted once every ten years, would allow early diagnosis of disease and cheaper treatment. The fine for washing credit card dollars is a years denial for the seller and a $5000 fine for the buyer. The Reagan investment tax credit should be passed to quicken the rebuilding of our manufacturing base. A giant national manufacturing mutual should be created for cash poor filers to pledge their credit. This mutual will set up it's own helthcare system nationally using the Target Co. model. Employees of the mutuals coverage cost can then allow outsiders in for the same price. Cash investments in ground up, ecologically safe, fuel efficient plants and industrial parks can bring the ITC to 15%. The hit on the treasury will be enormous and the ITC should end when we have rebuilt our manufacturing base. The rebuilding of the base will create 10 million jobs and the restored base 20 million. Even Republicans would agree this is a tax cut for investment in America (5% vs 10-15%). No tax credits allowed against redistribution tax.

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