Wednesday, April 11, 2012

Reduce Taxes on the Wealthy, BUT....


06:20 on 11 April 2012
Another Socialist Economic Plan?
Some may call this yet another socialist program, but it is not when you read the entire plan.
  • For one, it substantially lowers the taxes for wealthy individuals and businesses.
  • Secondly, it enables lower income Americans to take the money provided and reinvest it into the ailing economy.
  • It would help to ease the unequal class balance between the wealthy and the poorer.
  • Lastly, by providing the money directly to Americans, it would boost the economy more quickly, which would also enable businesses to earn income faster and create new job more rapidly.
Have every wealthy individual and corporation WITHOUT A LOOPHOLE that make over $1 million annually to take $300,000 and place it into 1 collective fund that will channel the money directly to every poor family earning less than $60,000 per year.

Every poor family in the US would get a $100,000 gift that would help with their mortgages and/or daily living expenses.

Those applying for the "gift" must show proof of need, including the last 2 Federal Tax Returns, 2 years of bank statements, etc.

Anyone on Welfare, a.k.a., Medicaid is ineligible, since they already receive Federal funding.
The plan is a win-win proposal.

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