My Economic Plan

[helmuth_hubener]

Then you must believe that our government is a criminal organization. You should have been plainer.

You should like my tax plan then, it is guaranteed to bring revenues down.

Sometimes plainness loses to brevity.

I do like any plan which reduces revenues. How much, specifically, do you plan to reduce revenues? This will be the, what, seventh time I'm asking you this? I've been asking for spending numbers, yes, but all spending comes from one type of revenue or another and so I see it as basically the same thing.

Just for good measure, let's ask it again in the same post: precisely how much would you cut from the Federal Budget? How much would your government spend? Or, if you prefer: how much would it tax (and otherwise suck away from the private sector)? Would you support Ron Paul's plan to cut one Trillion dollars the first year?

Will you ever, ever, think your plan through sufficiently to answer such simple, rudimentary questions with actual answers?

 

[TomL]

Sometimes plainness loses to brevity.

I do like any plan which reduces revenues. How much, specifically, do you plan to reduce revenues? This will be the, what, seventh time I'm asking you this? I've been asking for spending numbers, yes, but all spending comes from one type of revenue or another and so I see it as basically the same thing.

Just for good measure, let's ask it again in the same post: precisely how much would you cut from the Federal Budget? How much would your government spend? Or, if you prefer: how much would it tax (and otherwise suck away from the private sector)? Would you support Ron Paul's plan to cut one Trillion dollars the first year?

Will you ever, ever, think your plan through sufficiently to answer such simple, rudimentary questions with actual answers?

I can't be specific because I don't have specific numbers. And my adding machine doesn't go that high. Can you tell me the specific value of the foreign goods and service that crosses the border? Can you tell me the specific value of the revenue from the retail sales of foreign goods and services? Can you give me the specific value of the revenue derived from all retail sales? I don't have those numbers.

My government would spend whatever is needed to fund the 14 departments, offices and agencies listed in my plan. Again, I do not have specific. But as brilliant as you obviously are, you should be able to figure it out. I am not near as intelligent as you.

 

[Shorty Dawkins]

For sure helmuth. I am so tired of hearing that we are headed for certain doom when the counterfeiters lose their power. Opportunity abounds in this abundant world as soon as it is legal to prosper. I believe that the Autumn of 2011 will go down in history as the death of the lying media monopoly.

Honest prosperity is ours if we want it. It is just waiting for us to take it.

Welsh - Land - Hemp ... FTW!

Excellent, Travlyr. Yes, indeed, if we were freed from perpetual serfdom, there is plenty of opportunity. In reality, it is not they who confine us, but ourselves allowing us to be confined. It is all in how you look at it. Fear is used to control us. Eliminate the fear and you can laugh at the Emperor who has no clothes.

Shorty Dawkins

 

[TomL]

Helmuth,

I decided that I don't need specific, real numbers to show you how my economic plan would work. So I will use fictitious numbers.

Total revenue from retail sales.................................... 10 Trillion
10% tax.....................................................................1 Trillion

Revenue from sales of foreign goods & services................9 Trillion
10% tax...................................................................900 Billion

Value of foreign goods & services at the border............ 4.5 Trillion
10% tax...................................................................450 Billion

Revenue of the 50 States.............................................25 Trillion
10% tax...................................................................2.5 Trillion

Total revenue from taxes..........................................4.85 Trillion

Again the numbers are fictitious. The real numbers are probably not that high. This is just to show how my tax plan will work.

What would be spent? All of it. At least 10% would go to paying down the debt. The rest would go to funding the government.

Does this help you?

 

[helmuth_hubener]

I think that philosophically we are just totally different, Tom. My only interest is reducing the size and scope of government.

 

[TomL]

I think that philosophically we are just totally different, Tom. My only interest is reducing the size and scope of government.

I too want to see a reduction in the size and scope of government. The following is the list of depatments, agencies, or offices that would be funded in my plan. Is that not reduced enough?

My spending plan calls for the elimination of whole departments. But I believe it would be easier to list the Departments, Agencies, Offices, etc., not on the chopping block.

1. The State Department
2. The Defense Department
3. The Commerce Department
4. Bureau of Citizenship and Immigration Services
5. The Transportation Department (limited)
6. Bureau of the Census (limited)
7. Copyright & Patent Offices
8. The Federal Court System
9. The Justice Department
10. The Treasury Department
11. The District of Columbia
12. The Federal Communications Commission
13. Congress
14. Social Security Administration

 

[helmuth_hubener]

Not even close.

 

[TomL]

Not even close.

But why? It reduces the size and scope of government.

 

[Luciconsort]

But why? It reduces the size and scope of government.

When you hear the phrase "reduce the size and scope of govt" here it means DRASTICALLY. Even more than you are proposing here. Way More. sorry. Welcome BTW

 

[helmuth_hubener]

TomL, I think after today's caucuses it is time to suspend your campaign and officially endorse Ron Paul. This is just my personal feeling. All the best to you and the poor girl trapped in Italy if you decide to keep on keeping on. But really, at some point, come on, towels are meant to be thrown, and Ron Paul's direction is one ripe for projectile towels.

 

[Zippyjuan]

One place you can start is with a balanced budget. Ron Paul has said many times you need to get the budget balanced before you do anything on taxes. Here are the numbers for 2010:
"Mandtory spending" is considered to be un-cutable. We need to get rid of $1.3 trillion to balance (or some combination of cuts and higher taxes adding to that amount).

Mandatory spending: $2.173 trillion (+14.9%)

$695 billion (+4.9%) – Social Security
$571 billion (+58.6%) – Unemployment/Welfare/Other mandatory spending
$453 billion (+6.6%) – Medicare
$290 billion (+12.0%) – Medicaid
$164 billion (+18.0%) – Interest on National Debt



Discretionary spending: $1.378 trillion (+13.8%)

$663.7 billion (+12.7%) – Department of Defense (including Overseas Contingency Operations)
$78.7 billion (−1.7%) – Department of Health and Human Services
$72.5 billion (+2.8%) – Department of Transportation
$52.5 billion (+10.3%) – Department of Veterans Affairs
$51.7 billion (+40.9%) – Department of State and Other International Programs
$47.5 billion (+18.5%) – Department of Housing and Urban Development
$46.7 billion (+12.8%) – Department of Education
$42.7 billion (+1.2%) – Department of Homeland Security
$26.3 billion (−0.4%) – Department of Energy
$26.0 billion (+8.8%) – Department of Agriculture
$23.9 billion (−6.3%) – Department of Justice
$18.7 billion (+5.1%) – National Aeronautics and Space Administration
$13.8 billion (+48.4%) – Department of Commerce
$13.3 billion (+4.7%) – Department of Labor
$13.3 billion (+4.7%) – Department of the Treasury
$12.0 billion (+6.2%) – Department of the Interior
$10.5 billion (+34.6%) – Environmental Protection Agency
$9.7 billion (+10.2%) – Social Security Administration
$7.0 billion (+1.4%) – National Science Foundation
$5.1 billion (−3.8%) – Corps of Engineers
$5.0 billion (+100%-NA) – National Infrastructure Bank
$1000.1 million (+22.2%) – Corporation for National and Community Service
$0.7 billion (0.0%) – Small Business Administration
$0.6 billion (−14.3%) – General Services Administration
$0 billion (−100%-NA) – Troubled Asset Relief Program (TARP)
$0 billion (−100%-NA) – Financial stabilization efforts
$11 billion (+275%-NA) – Potential disaster costs
$19.8 billion (+3.7%) – Other Agencies
$105 billion – Other

And your starting point for revenues (these figures for 2009 while the spending figures are for 2010- most recent available):
http://en.wikipedia.org/wiki/2009_United_States_federal_budget

Estimated receipts for fiscal year 2009 are $2.7 trillion (+7.1%).

$1.21 trillion - Individual income tax
$949.4 billion - Social Security and other payroll taxes
$339.2 billion - Corporate income tax
$68.9 billion - Excise taxes
$29.1 billion - Customs duties
$26.3 billion - Estate and gift taxes
$47.9 billion - Other

 

[TomL]

TomL, I think after today's caucuses it is time to suspend your campaign and officially endorse Ron Paul. This is just my personal feeling. All the best to you and the poor girl trapped in Italy if you decide to keep on keeping on. But really, at some point, come on, towels are meant to be thrown, and Ron Paul's direction is one ripe for projectile towels.

I have endorsed Ron Paul a long time ago. Where have you been? Of course, I have done so on my own sites. You probably never seen it.

 

[JackieDan]

The problem with your plan is that it contains many confusing taxes. Most people are tired of all the taxes that are in existence. I have said this many times before: Eliminate all taxes, and then institute a 10% nation-wide sales tax. That would be enough to fund the federal government.

The reason why I like the sales tax is that it isn't aggressive. No one tells you what certain time or date you must pay your taxes. You do it in a deliberate fashion when you go out and shop.

Now, obviously you cannot fund all entitlements and other programs that exists today with my listed tax plan, but this is something that should be considered after all debts, entitlements, social security etc. are gone. It's like restarting the whole process.

In my opinion, the u.s. government should just default the dollar and reboot with a gold standard and an entire new economic system. I don't think anyone will be able to lay down the scope of the current expenditures... I'm sorry to say, but it has to collapse.

I strongly recommend this budget simulator,
http://www.kowaldesign.com/budget/budget.html

 

[TomL]

The problem with your plan is that it contains many confusing taxes. Most people are tired of all the taxes that are in existence. I have said this many times before: Eliminate all taxes, and then institute a 10% nation-wide sales tax. That would be enough to fund the federal government.

The reason why I like the sales tax is that it isn't aggressive. No one tells you what certain time or date you must pay your taxes. You do it in a deliberate fashion when you go out and shop.

Now, obviously you cannot fund all entitlements and other programs that exists today with my listed tax plan, but this is something that should be considered after all debts, entitlements, social security etc. are gone. It's like restarting the whole process.

In my opinion, the u.s. government should just default the dollar and reboot with a gold standard and an entire new economic system. I don't think anyone will be able to lay down the scope of the current expenditures... I'm sorry to say, but it has to collapse.

I strongly recommend this budget simulator,
http://www.kowaldesign.com/budget/budget.html

What makes my plan confusing?

 

[TomL]

Please check out the updates in the OP. See if you like it better.

 

[TomL]

One place you can start is with a balanced budget. Ron Paul has said many times you need to get the budget balanced before you do anything on taxes.

A balanced budget is embedded in my plan.

 

[Fox McCloud]

I still don't like your protectionism embedded in your plan.