Have you ever weighed a 16 volume ounce mason jar full of Pennies, Nickels and Dimes? Well, you would find that the overall weight of these raw materials well more than you would expect...
Why am I even talking about this?
Check this out...
When was the last time you purchased a product using only pennies, nickels, and dimes? Exactly...I know that I have not done that personally in the past decade. So what does that mean to you and the American Economy?
What if all of these coins were removed from circulation and melted down for scrap THEN sold to developing countries as raw industrial material? Cost of production...minimal, we already have the scrap metal (not sorry for calling these coins scrap.) All that is needed is to sell, making the profit putting revenue back into the economy instead of losing the money required to produce these futile coins.
Potiential Issue #1: So what about products that cost less than $1.00?
As a whole, is a company truly making a profit off of an item that is marketed for less than a dollar? I highly doubt it. Not with the cost of the resources and man power required to make your remarkable fake dog poop prank toy at Dollar General. By eliminating all but the Quarter, we could set the minimal purchase price of an item to $1.00, and then round current goods and services market value to the nearest whole dollar value. Then, we could implement a 25% sales tax on purchases and trades of private and commercial goods and services.
Potiential Issue #2: This really solves issues for the Federal budget, but what about the States?
If this were to be implemented, we could keep (reasoning to follow) the current State Tax rates. By eliminating the failing Internal Revenue Service, monetary income to the Federal Budget is through a 25% Fair Tax on consumer and business goods. Now that you are collecting your entire paycheck not raped by Uncle Sam, there is no need for yearly tax returns. Instead, at years end, the States of America are entitled to their current sales tax percentage as a percentage of return from the Federal Government revenue collected from private and business sales and trades throughout the year. States are still entitled to aquire income through registration(s) of motor vehicle(s), permission(s), property(s), and liscense / liscensing(s) as justified and deemed lawful by the State and / or the Federal jurisdiction.
Potiential Issue #3: This affects the poor the most, while the Rich will be secure!
Fabrication. Those of less fortune are not likely to justify the purchase of their 6th $100,000 sports car over the purchase of a loaf of bread. This plan puts financial responsiblity on EVERYONE to not live above their means as we have done since we thought capitalism was cool when Reagan was elected. There are no tax loop-holes, it is a straight tax on purchases.
I believe in America and her ability to raise herself from this dark time in her life. I believe that the more ideas I share, wrong or right, at least I did my civil duty to stand up to an inactive government due to partisanship, lobbyists, and general fear of trying something new. Thanks for viewing and I hope your voice reaches mine so that we can do something and share the word.
No comments:
Post a Comment