Zurück zur Website » injury lawyers. Doctors would ne

An Economic Plan Worth Considering
By Ziad K. Abdelnour

We've heard so far a number of economic plans from a number of the GOP Presidential candidates. Some very solid and detailed Johan Larsson Youth Jersey , others barely scratching the surface.

Given my 30 year experience on Wall Street, I thought I'd share some of my personal thoughts against the plans we've heard so far and maybe compare notes.
I believe the first thing to be done is to abolish the Federal Reserve. It is owned by and operated for the benefit of the biggest banks in the world. Its sole purpose has been to enrich the few at the expense of the many through its insidious use of inflation and debt issuance. It has been around for less than 100 years and has debased the USD by 96%. The U.S. Treasury has the authority to issue the currency of the country. It did so from 1789 until 1913.

The 2nd thing to do would be to have the Securities Exchange Commission be an essential part of the corrections needed on Wall Street because Wall Street's business ethics are frankly at the lowest they have ever been and Wall Street simply cannot be trusted to manage its business properly anymore. $34 trillion in wealth destruction since 2008 & bankers from major institutions still haven't been held responsible for financial crash. Insanity at its best.


The FASB would be directed to make all banks and financial corporations value their assets at their true market value. This would reveal the mega Wall Street banks and corporations like GE and the likes to be insolvent. An orderly bankruptcy of all insolvent financial firms involving the sell-off of their legitimate assets to well-run risk adverse banks that didn鈥檛 screw up would ensue. Bondholders and stockholders would realize their losses for awful investment decisions. The economic system would be purged of its bad debt.


The currency of the US would be backed by hard assets. A basket of gold, silver Kyle Okposo Youth Jersey , platinum, uranium, and some other limited hard commodities would back the USD. If politicians attempted to spend too much Jake McCabe Youth Jersey , the price of this basket would reflect their inflationary schemes immediately.


The 16th Amendment would be repealed and the income tax would be scraped. It would be replaced with a national consumption tax. The more you consume, the more taxes you pay. Wages, savings and investment would be untaxed. The tax code is the source for much of politicians鈥?power. Its demise would further reduce Washington DC control over our lives. By the same token Jason Pominville Youth Jersey , Donald Trump's bold tax plan is something seriously worth taking a close look at.


All corporate, farm, education Jack Eichel Youth Jersey , and social engineering subsidies would be eliminated. All Federal employees would have their pay slashed by 10% and the workforce would be reduced by 20% over 5 years. Federal health benefits and pension benefits would be set at average private industry levels.


The Social Security System would be completely overhauled. Anyone 50 or older would get exactly what they were promised. The age for collecting SS would be gradually raised to 72 over the next 15 years. Those between 25 and 50 would be given the option to opt out of SS. They would be given their contributions to invest as they see fit if they opt out. Anyone entering the workforce today would not pay in or receive any benefits. The wage limit for SS would be eliminated and the tax rate would be reduced from 6.2% to 3%.


The Medicare system is unsustainable. It would be converted from a government program to private market based program. The Federal mandates, rules and regulations would be eliminated. Senior citizens would be given healthcare vouchers which they would be free to use with any insurance company or doctor based on price and quality. Insurance companies would compete for business on a national basis. Doctors would compete for business. The GAO would have their budget doubled and they would audit Medicare fraud & Medicaid fraud and prosecute the criminals without impunity.


The healthcare bill would be repealed. Insurance companies would be allowed to compete with each other on a national basis. Tort reform would be implemented so that doctors could do their jobs without fear of being destroyed by slimy personal injury lawyers. Doctors would need to post their costs for various procedures. Price and quality would drive the healthcare market.


The entitlement state would be dismantled. The criteria for collecting welfare, SSDI Evander Kane Youth Jersey , food stamps and unemployment benefits would be made much stricter. Unemployed people collecting government payments would be required to clean up parks, volunteer at community charity organizations, pick up trash along highways [url=http://ww