Good stuff!
1. The highest marginal income tax rates for individuals and businesses shall not exceed 28 percent.
2. There shall be no reduction or elimination of income tax deductions and credits unless matched dollar for dollar by further reducing tax rates.
3. All assets will be indexed to inflation for the purpose of calculating capital gains.
4. No gift, estate or inheritance tax shall have a top rate of more than 10 percent and no such tax shall be imposed on any such transfers of $10 million or less, annually adjusted for inflation.
5. The federal government shall generously fund research and development, which are the foundation of the nation’s prosperity, skilled jobs and material quality of life.
6. The dollar shall be defined as a fixed weight of gold legally convertible thereunto by any person or entity, foreign and domestic.
7. The Treasury and any other instrumentality of the United States shall not incur any additional bonded liabilities except upon approval by two-thirds of the legislatures of the states.
8. Civil asset forfeiture to the federal, state or any municipal government is prohibited and criminal and civil fines shall be proportional to both the ability of the adjudicated party to pay these and to the severity of the infraction.
9. No regulation affecting more than $100 million in economic activity shall be adopted until enacted by the Congress of the United States and signed by the president.
10. No government shall exercise control over wages or prices, including the pricing of telecommunication services, rent or imposition of a minimum wage.
I like!
I know that Freepers are all supposed to loathe McCain-Feingold. Back then we thought corporations were the last stand for conservative support so we wanted corporations to be as influential in the election process as labor unions.
However, now we see that major corporations are woke and are working against the average Joe. But we always knew that they spent millions, or even billions, lobbying politicians to do their bidding in and out of election years.
In a totally free market it is OK for corporations to purchase politicians and legislation. So it seems that if we don't want free enterprise to degenerate into crony capitalism that we need to make some purchases illegal, namely the purchasing of politicians and legislation.
How we go about doing this is a difficult problem, but I believe is workable.