There are two possible visions for America. Imagine two major league baseball stadiums.
In one stadium there are billionaire owners in sky boxes, millionaire players on the field and in the stands there are people at work selling soda, popcorn and peanuts and working for peanuts. The workers in the stands live in public housing, send their kids to public schools, have public health care, take public transportation, live on food stamps with government subsidized utilities and retire onto public pension plans. The billionaire owners and millionaire players pay taxes to support all those government programs.
In another stadium there are billionaire owners in sky boxes, millionaire players on the field and in the stands there are people at work selling soda, popcorn and peanuts, but they are not working for peanuts. The billionaire owners and millionaire players pay the workers in the stands enough money to live in private housing, send their kids to private schools, have private health care, use private transportation, buy their own food and pay for their own utilities and retire onto private pension plans.
Which one is your vision for America?
How You Get to the Second Baseball Stadium:
If you received a $1000 tax deduction for giving a person $1000 for food, would you do it?
If you received a $5000 tax deduction for giving a child $5000 for education, would you do it?
If you received a $10,000 tax deduction for hiring a person and paying them $10,000 for health care, would you do it?
This tax deduction is called “Cash in the Hand” and this is how the tax deduction works.
For Individuals:
- If you could deposit your income tax payment in a Health Savings Account, would you do it?
- If you could deposit your property tax payment in a Education Savings Account, would you do it?
Waiters and Waitresses:
- Would you like all the sales taxes collected each day by your employer to be divided equally between all the workers in the restaurant and deposited into a Housing Savings Account for you?
Workers in a big box store:
- Would you like your employers property tax bill divided equally between all the workers and deposited in your Education Savings Account for you?
- Would you like your employers corporate income tax bill divided equally between all the workers and deposited in your Retirement Savings Account?
The education, retirement, health, housing, and transportation savings accounts can be one account that each individual controls.
Benefits of the Tax Deduction “Cash in the Hand”:
Gives every American Worker a Profit Sharing Plan with their Employer
Improves Public Education
Destroys Socialism
Eliminates Unemployment Benefits
Provides Health Care to People with Pre-Existing Conditions
Eliminates Farm Subsidies
Reduces Corruption in Politics
Enables the Public Option of the Health Care Law
Eliminates Corporate Subsidies
Solves the Immigration Problem, Both Legal and Illegal
Reduces the Trade Deficit
Eliminates the Movement of Jobs Overseas
This is a partial list of some of the problems that are reduced or eliminated by the tax deduction “Cash in the Hand”. I will explain how this is done in a separate paper for each topic.
This and other papers can be found at www.cashinthehand.org
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