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US250 - Borrow away the debt and end federal tax
| First buy back the Federal Reserve for the required $1,000,000,000 and bring it under actual government control. | |
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Description
Then when you have the Federal Reserve under government control create or borrow 100 trillion at least. Invest most of it in across the board profitable investments with income of several times the interest that goes to government anyway. Then end all federal tax!!! and watch those investments soar funding all obligations including if we want state tax. We could also build a cheap way to space and mine more income.
Arguments
Another approach would be to just Tax federal reserves interest earning at 100% minus operating cost. Then force it to give the government a sufficient loan for investments and then start slashing taxes to nothing when income is well above needed. But leave one last tax. The one on the federal reserve interest. Ironically...
Gives a ton of income to government and potentially ends federal taxes maybe even state taxes. Though unlikely to ever be enacted in this exact layout .
Counterarguments
Inflation and waste would have to be well in check as plan is enacted to work effectively.
1 Topic
Discussion
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last reply by Quantum on Aug 16
What is this $1,000,000,000 figure you speak of? (1 reply)