THE CULTURAL EFFECT ON TAXES

The USA Plan Triggers the Largest Tax Cut in History.

It will include all payroll taxes, Medicare, Disability, etc. Those taxes will become the weekly contribution to a person’s own Universal Savings Account ( a “USA”).The Universal Savings Account should also generate the largest increase in government tax revenues ever recorded.

The infusion of a trillion dollars a year into the country’s investment capital pool will generate new jobs, expand businesses, create new entities, and substantially increase the economic activity of the entire economy.   In turn, that increased activity will balloon government tax revenues thereby offsetting much of the decrease in revenues caused by the creation of the USA’s.

Presently one trillion dollars of Social Security and Medicare taxes are being collected by the government.  All of that money (and some amount added by the Treasury) is used to annually pay for the Social Security and Medicare costs of retirees.

With enactment of the USA Plan, that one trillion will immediately go into the USA accounts of individuals.  Simultaneously with the enactment of the USA Plan the Unfunded Liabilities of the government will drop from its present $122 trillion by more than $50 trillion because it will be unnecessary to record any unfunded debt for those with more than 20 years to participate in the USA Plan.

As the cumulative USA nest eggs accumulate and compound the gross unfunded liabilities will decrease actuarially. For a more complete understanding of the debt issues see Debt and the USA Plan   and  Debt Cut by the USA Plan.

From a cultural standpoint, income taxes have always been a sensitive subject for all sides of the issue, This website addresses many of them. However, the USA Plan was devised to seriously reduce the need for taxes by substantially increasing wealth in the “Rise-Up  Manner”. 

Personal

The USA Plan will bring forth the feeling of personal self-reliance which will be the driving force behind its enactment into law.

Family

The USA Plan has been constructed to induce family creation and maintenance. Couples who decide to have the mother stay home will still retire millionaires.

Compassion

The USA Plan is the kindest most compassionate legislation ever advanced. It extinguishes poverty as we know it and will shine a light on the future of civilization.

The Obama Economy Was A Disaster

The Obama Economy Was A Disaster As a part of this mid-term election, former President Barack Obama has hit the campaign trail. It appears in joining this fight his main target is countering the enormous success of the Trump economy. Barack contends that...

read more

Do You Want to Fix Our Economy?

You should. After 241 years, according to the USDebtclock.org total US debt is just as large as all private and public assets combined. You can’t pick one reason for such a disastrous result for the most powerful, richest, and the freest country on the...

read more

Do You Want to Make the Working Poor Rich?

When asked that question many people reply with a question. Who is going to clean my house, who will pick up the garbage, where will we get stoop labor to pick our crops? Some will think this is selfish, but the reality is very compelling. If everyone is...

read more

Are You Planning for Retirement?

At some point in life, everyone must consider how to pay for retirement. That was not an issue when the Constitution was written. In those days families took care of the elderly. Today, that is the exception. Individuals have had to turn to private and...

read more

Are You Concerned About Poverty?

If you are an average American, it is unlikely that you are deeply concerned about poverty. 100 million Americans receive some sort of government financial assistance and that doesn’t include people on Social Security or Medicare. When you add government...

read more

Prosperity For All

Prosperity for all is possible with Universal Savings Accounts "We have an opportunity to make the world a better place. Rather than wasting time compromising the political ideologies of progressives and conservatives, Americans could use that time to...

read more

The Economic Framework For The USA Plan

The American Government needs to work better for the people. It needs a redo. As long as it does, let’s try to make it a comprehensive redo in which many goals are reached. The USA Plan is a step in that direction. The USA Plan multitasks to reach the...

read more

Contact Us

13 + 1 =