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The Future Is Calling It Wants A Refund The Center For Fiscal Equity
Authors:
Michael Bindner
Cover Type:Hardcover
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ISBN: 979-8557378680
Book publisher: Independently published
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Book Summary: This Version Is A Bit More Radical. The Age Of Trump Will Do That To You. Chapter 1 Is An Executive Summary.Chapter 2 Includes Election And Campaign Finance Reform; Appointing Better Bureaucrats; Civil Service Reform; And Regional Government With Seven Regions Of About 71 Electoral Votes Each. If You Want To Cut Budgets, Make Regions Responsible To Enact And Fund Them With Higher Or Lower Value Added Taxes. (doing So Will Require The 29th Amendment - ERA Is 28). Chapter 3 Covers Discretionary Spending: Budget And Appropriations Reform (realistic Caps And Automatic Appropriations If Congress Does Not Finish In Time); A Bottom Line In Government (comparing Administrative Cost), And Regional Defense Spending. Chapter 4 Covers Entitlements, From The Real Cause Of The Social Security Crisis (which Is Aging, Not Funding), Cost Savings Through Medical Lines Of Credit And Health Savings Accounts, A Compromise Using Single Payer Catastrophic And How This Will Lead To Single Payer Comprehensive Anyway When A Public Option Is Added To The Current System (catastrophic Is The Republican Solution That They Won't Talk About). Senior Healthcare - Aka - Medicare Part E To Take Senior Medicaid Off The States Financial Ledgers Is Probably The Most Essential Piece. Chapter 5 Rewrites Macroeconomics As We Know It. I Discuss How Fiscal Policy Affects Economic Growth By Regressions Using The Financial Margin (deficit/surplus + Net Interest As A Percentage Of GDP) Correlated With Economic Growth In The Next Year To Allow For Multiplier Effects, Using Data From Reagan To Obama And Enactment Of The TCJA. I Then Repeat A Lot Of Nasty Stuff About The TCJA (as Well As What Worked About It - Which Is The Confluence Of Tax Rates On Capital Gains And Returns. The Trump Economy That Resulted Is Described. It Was Breaking Before COVID. Chapter 6 Is A Total Rewrite Of What Was Chapter 9, Which Was A One Page Summary Of The Current Debt Has Turned Into A Book In Its Own Right, Settling (and Squaring) Accounts: Who Owns The National Debt? Who Owns It? This Is The Updated Version Of Class Warfare 101, With Advanced Class Warfare On How Much The Rich Earn And Owe Included In This Volume. Chapter 7 Addresses How The Accumulation Of Wealth And The Creation Of Money Creates Leverage Over Workers, How A Wealth Tax Could Be Levied And Why Doing So Won't Work. We Lay Out What Will Work: Our Tax Reform Plan. Our Tax Plan Includes A Receipt Visible Invoice Value Added Tax (I-VAT); A Carbon VAT; A Wage Surtax, An Employer-paid Subtraction VAT; And An Asset VAT. The Last Bit Is Marked To Market At Option Exercise And The First Sale After Gift Or Inheritance (or Loss Of Tax Records) And It Is Zero Rated For Sales To A Broad Based ESOP. The Surtax Could Be Married Into The Subtraction VAT, Although The Highest Rates Would Be Separately Collected, With The Option Of Purchasing Tax Prepayment Bonds. The SVAT Will Also Be The Key Feature In State And Local Finance (allowing Many Social Welfare And Education Costs To Be Privatized.
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