Friday, September 06, 2019

Civility

Brexit

Split the EU Deal into sections and meet with Labor. Both will privately decide which provisions are accepted, which must be amended but can pass and which must be renegotiated, then vote on each. Consult with EuCom on amended provisions to see if amendments ares acceptable. Decide if Brexit can go forward before open items are finished or more time is required.

Trump

Remember that when official segregation was repealed, any Southern Whites were relieved. It is likely the same thing with the GOP and support for Trump and; MAGA. Pence can then invoke the 25th Amendment and McConnell can get Trump to resign (although if the primaries are short circuited, that would make Pence de facto nominee.

Pence 2020

Pence must repudiate the pro-life Standard Operating Procedure to breach the Blue Wall. The wall is at 278 because Trump is hated. The SOP links presidential voting to Roe repeal. It does not exist and if the Democrats inoculate Michigan, Wisconsin and Pennsylvania by stating so early, they win. If the Court wanted to repeal Roe, they would have ignored Rule 10 and heard the Indiana case protecting Down's children.  The option Pence could pursue instead is to enact larger Child Tax Credit aka Negative Income Tax for each child in families making under $500,000 and agree to $15 minimum wage with indexing, both of which are essential Right to Life measures if repeal is impossible. If he does not, the Democrats will trounce him. Unlike Ford in 1976, it won't be close. Think 1974 instead.

Tax Reform

Most people vote on taxes rather than abortion. A promise to repeal tax filing for all individuals making under $100K will get their attention. This should also be the individual Social Security cap (to lower benefits for the rich). An Invoice Value Added Tax of 19 % would replace both the employer payroll tax and income tax filing for most families. To help poorer retirees and the disabled, recompute payments to the bottom 90% of beneficiaries assuming that employer payroll taxes are equally credited.

A Subtraction VAT fund will fund the Child Credit as offset to the tax. Food Stamps and Welfare would be ended. Another offset would be personal retirement accounts holding employer voting stock (it will fail otherwise. It will include an insurance fund of 34% to go up as Employer FICA  and the I-VAT goes down. The tax should also support for education, including parochial schools, and all medical entitlements, which could be offset with direct funding of care or insurance for workers and retirees. 

An Asset VAT at 22.5% on dividend, gains and rental income with no tax for ESOP sales and zero credit at gift or inheritance. The death tax would be repealed and cash transfers would be free (because the Invoice VAT would be paid when they are spent.

For high income workers would pay a surtax 17% for salaries under 200K and 34% over that amount. The tax would pay down the debt, starting with the Social Security trust fund and fund net interest, military and sea deployments and the conquest of Mars.

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