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2009 Economic problem
The American economy is suffering from a loss of spending and a lack of confidence that a solution is near at hand. We recommend the following course of action:
- Issue every tax payer a 401K type account
- One half of employees' Social Security withholding to be deposited into their 410K account and guarantee it will pay at least as much as old social security
- Remove ceiling on Social Security withholding amount
- Exempt first $10,000 of dividend from income tax
- Reduce business income tax to ten percent
- Implement a national sales tax on products and services to make up for lost business income tax
- Implement the housing bubble fix
- Implement the national health care insurance plan
- Implement the national education plan
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