The following is a modest proposal to fix many of the most insidious problems with the US by envisioning the future of our capitalist economy reshaped by one simple conviction – our people are our economy’s primary and only unique asset.
1) Americans First
2) Unburdening Business
3) Investing in our Children’s Future
4) Liberty, Responsibility, and Freedom
- federal minimum wage and social security.
- income tax and any other federal tax on individual income.
- private health insurance and any requirements that businesses offer such benefits.
- in every US citizen living within the borders of the US with a monthly check from the federal government in an amount representing ½ of a livable minimum wage per adult and ¼ of that amount per dependent. Current focus on $15/hr as a livable minimum wage would imply monthly checks of $1200 per adult and $600 per dependent. Alternatively, the amount could be indexed on an annually updated federal definition of poverty. That amount would currently be about $1000 per adult and $400 per dependent.
- in the health of US citizens by replacing fee for service health care with a subscription model of health care that packages preventive, wellness, regular, mental, surgical, prescription, labwork, emergency, and other health care costs. That subscription cost would be paid on behalf of every citizen by the federal government directly to a hospital or network of physicians who would be responsible for covering or contracting out for the full cost of any necessary medical treatments, visits, or procedures; subsidizing any recommended treatments, visits, or procedures; and providing options for self funded elective care at the discretion of the patient.
- the liberty and freedom of every citizen to work and contribute their full potential to the economy by ensuring a) equitable access to K-12 education and associated resources (such school funding would be decoupled from location to the maximum extent allowable under state laws and public education funds would be restricted to publicly accessible school systems); and b) affordable access to technical or undergraduate college degree/certificate programs (individual out of pocket expenses per degree/certificate capped at an amount equivalent to no more than one year of the federal poverty income level for all public universities, with no interest federal loan options available for all who qualify for admission)
- American job opportunities by setting a high minimum wage for non citizen workers (anyone engaged in work on US soil that is not a US citizen) equal to or greater than the livable wage equivalent above (or alternatively twice the hourly wage equivalent of the annual poverty definition).
- The health and potential of non citizens by ensuring the availability of subscription health care as described above at all hospital systems or provider networks that offer federally funded subscription care, with cost capped at no more than the per person average cost paid by the federal government on behalf of US citizens.
- businesses on the dispersal of wages or other money and assets from the business to any US citizen or another worker living on US soil at a progressive annual rate (the more an individual receives each year through wages, stock options, and the like, the higher the rate at which the business is taxed on that transfer of wealth) that remains at 0% at least until the second half of an annual livable minimum wage is provided for that individual (or alternatively, twice the poverty wage).
- individuals on the profits made through the sale of stocks or similar business assets (including bonds, loan forgiveness, ownership share, etc) at an equal progressive rate to that in a).
- individuals on the transfer of their wealth to another individual, again at a progressive rate equal to that in a).
- non citizens’ income at a progressive rate equal to that charged to a business in a). (To maximize tax revenue, the system for documenting immigration status and work potential (work visa, green card, etc.) must be revamped through higher caps on immigration and a radical shift in emphasis from deportation to documentation for anyone without a criminal record.)