What do I want in a new Administration

· Habeus Corpus

· National HMO

o All citizens automatically subscribed.

· Sunset Laws – All Federal laws expire after 20-25 years.

· A more representative Democracy – 1 representative per X citizens: X = 100,000 – 150,000 – 200,000 – TBD

· One basic Income Tax deductible – poverty level for your category/location.

o No Itemization

· Linear progressive income tax – up to 40% for income in excess of presidential salary – details TBD.

o Maybe another 10% for every multiple of the President’s Salary?

· A National Service Education Bill, similar to the GI Bill I used through college in the ‘70s

o 3-4 Years of Military, Community, National, Service Qualifies

· Pay for medical school in exchange for 10+ years of service in National HMO or other Public Health Service

· National Guard not activated and deployed outside of US Territory without declaration of war or declaration of National Emergency – by Congress.

· Reserve Forces not called up to active duty without declaration of war or declaration of National Emergency – by Congress.

· Reserve Forces and National Guard not deployed into combat zones without declaration of war – by Congress.

· Recognition that the President is NOT a king, that the president does NOT represent the People, that the president executes the instructions of Congress.

· Anyone with more than 15 years legislative experience in Congress can not hold a committee or sub-committee chairmanship or a speakership.

· No monetary foreign aid to non-democracies, kleptocracies and countries in civil war.

· No military aid anywhere.

· Only registered voters are allowed to donate to political campaigns.

· Revision of Capital Gains Taxes

o No tax paid on selling one stock/fund/security to reinvest in another stock/fund/security

o Tax only when stock/fund/security is sold and is not reinvested

· Revision of Estate Tax

o No tax on physical property, e.g. land, art, heirlooms, private businesses, etc.

o Tax on money/stocks/funds/securities overseen by SEC or its international equivalents.

o Tax on physical properties only when sold. e.g. you inherit a Renoir and don’t sell it in your lifetime- you are never taxed for it – and you can pass it on to the next generation. If they sell it they are going to pay a lot of taxes on it. ($0 cost basis)

o Tax inheritance (as noted above) at something like 60-70% for any estate worth more than 10 times the president’s annual salary. Less than that can be treated differently

· Corporations are not persons – legally

· Corporations must subject to regulatory oversight

o Regulatory oversight requirements reviewed every 5-10 years

§ Regulations shouldn’t be a straight jacket

§ More protection against gaming the system

o If an individual wants to run a business and doesn’t want to incorporate, they are not subject to the regulations that govern corporations, nor the protections.

· If a Federal Agency has certified that a product is safe for public use, then the Federal government is liable for any suits brought against the product

o Strong Inspector General office to ensure against collusion

o Strong certification process – who cares if it takes 20 years to evaluate.

o Vendor may release with preliminary approval but without protection

· Any compensation dispensed in excess of the President’s annual salary is considered corporate profit

· FEMA should set up Emergency Distribution centers at the various large military reservations around the country and pre-stock emergency supplies. Consumables can be rotated through with various international relief efforts. Trailers may be aired out before they are needed.

· President’s Annual Salary equal to ten times the median household income.

Dinner Party

I was listening to the Thomas Jefferson Hour this past weekend and the question was asked about what four people Thomas Jefferson would have for a dinner party. The select party was Isaac Newton, John Locke, Francis Bacon and Maria Cosway. An interesting group to be sure.

That leads me to wonder who I might invite. I think I will start with a longer list and then try to trim it down.

    Plato
    Socrates
    Confucius
    Eleanor of Aquitaine
    I Newton
    F Bacon
    J Locke
    T Jefferson
    M Twain
    C Darwin
    A Huxley
    GB Shaw
    J Maxwell
    A Einstein
    O Wilde
    T Roosevelt
    E Roosevelt
    B Cosby
    B Fuller
    F Nietzsche
    FL Wright
    HG Wells
    Cleopatra
    Hammurabi
    Sun-Tsu
    L Da Vinci
    C Sagan
    I Asimov
    D Parker

Start a list like this and there is always someone else bubbling to the top. Time to stop it and trim

Let me see if I have this straight

Let us say I am making $200,000 a year and paying 10% tax on that. My take home would be about $180,000.  So I wouldn’t want to exert myself a little harder to make, say, $300,000 because I would be in a higher tax bracket. For $300,000 I would pay the same 10% on the first $200,000 (Take home $180,000)  and, say, 20% on the next $100,000 (Take home $80,000). Because then I would be taking home only $260,000 instead of $180,000 and there isn’t any incentive in the world that would make me exert that extra effort.

I wouldn’t want to move into the top 2% of earners in the US because I would have to pay more taxes for making more money. Nevermind that I am earning such a comfortable income because I am using the social infrastructure this country has developed with tax dollars. No, I have gotten to this level on my own and nobody gave me anything along the way and they shouldn’t expect me to give back to some imaginary community that makes it all possible.

Yeah, that sounds straight enough.