To: Andrew N. Cothran who wrote (437812 ) 8/10/2011 3:19:48 PM From: KLP 2 Recommendations Read Replies (1) | Respond to Hubby added a few comments before the current downswing to the original note, including ideas to fix the situation.....PS: In case you may be interested, a plan for recovery with a chance to succeed would probably involve the following elements: Repeal the income tax. Institute a "Flat Tax". Eliminate the Federal Reserve / return responsibility for currency management to Congress where it belongs. Eliminate the IRS and its Statist extralegal over reach operation through fea and coercion. Impose term limits on Congress (i.e., 2 - 6 years terms in the Senate / 3 - 4 year terms in the House). Eliminate the Capital Gains Tax. Eliminate the Corporate Income Tax. Shrink the size of government by about 40% on an orderly basis. Redefine / reconfirm government functions consistent with the 17 limited government "legitimate" functions specifically laid out in the Constitution. Rescind the overreaching laws and regulations emanating from the tortured expansion of the "Commerce Clause" interpretation (i.e., mandated Obamacare insurance purchase / costs under penalty of law, light bulbs, toilets, market interference, bail outs, et al). Etc., etc. I realize that this seem radical. That just goes to show how far we have strayed from our roots. Even a partial implementation of the above would serve to reignite the proven miracle that is the envy of the world and the "City on a hill" promise of the United States. As it is now, we have weighed our system down to the point that it can not function. Our only hope is to rely on the private enterprise resources to grow our way back to financial sanity. In summary, the above is some of what Benjamin Franklin meant when he said "…if you can keep it."
