All forms of banking shall become federalized and publicly owned.
Commercial banks, and other private banking financial institutions shall be converted to a singular infrastructure and merged with the US Postal Service
Paid Interest on loans shall serve to offset federal spending and taxation
Payday Loans, and other similar services shall be explicitly illegal activities
All consumer loans shall be set to 1% interest rates
Car loans shall have a maximum loan period of 10 years
All Commercial/Business Loans shall be set to 1% interest rates
Commercial loans shall have a maximum loan period of 30 years
Credit scores shall be abolished
Credit history shall be kept to determine financial burden, and debt to income ratios
Rental History shall be taken into consideration when making home buying inquiries
Reinstating the Glass-Steagall Act of 1933 to ensure that any further banking reforms, minimally, cannot reintegrate retail and investment banking
Taxable income brackets shall begin at $100,000
Effectively no persons making under $100k/ year shall be taxed at the federal level
States, counties, and other tax collecting governments shall abide by the same tax bracket system
SSI and Medicare shall be uncapped
Corporate taxable income shall begin at profits above $100,000 of net profit to be in line with income tax brackets
All corporate subsidies shall be canceled
No Stock Buybacks
No other corporate loopholes
Everything outlined in this link, shall be abolished
All current tax breaks shall be slashed and eliminated.
Only personal deductions shall be allowed
New Tax brackets shall be as follows:
$0 - $99,999.99 – Taxed at 0%
$100,000 - $199,999.99 – Taxed at 10%
$200,000 - $299,999.99 – Taxed at 15%
$300,000 - $399,999.99 – Taxed at 20%
$400,000 - $499,999.99 – Taxed at 25%
$500,000 - $999,999.99 – Taxed at 30%
$1,000,000 - $9,999,999.99 – Taxed at 40%
$10,000,000 - $99,999,999.99 – Taxed at 50%
$100,000,000 - $999,999,999.99 – Taxed at 75%
$1,000,000,000+ - Taxed at 99%
Tax Exempt entities must adhere to the following
Failure to adhere to requirements will result in a permanent revocation of tax-exempt status, and persons in leadership positions shall be barred from establishing, chairing, or working with tax exempt entities in perpetuity
Salaries shall not exceed $100,000 for any member of the entity
All received donations, funds, etc. must be spent on social, civil, or community actions
Debt Forgiveness, Cancellation
Debt forgiveness, Cancellation, and Erasure shall all be redefined singularly, to be referred to as Debt Cancellation and shall no longer incur any taxable events.
Debt Cancellation shall be the act of an institution, or government rendering null and void any additional payments to a loan, or debt
Immediate erasure of Medical and Student Loan debt, universally across the country
Every 10 years, all debts below $100k that have been faithfully paid throughout the 10-year period, shall be forgiven.
Specifically, if a home loan was issued for 30 years, and for 10 years on time payments have been made, the amortized interest shall have already been collected for that 10-year period, and the remaining principal shall be voided
Modernization initiative for the following
High Speed Rail and Distribution Hubs
Investment into a transcontinental High Speed Rail system for both civilian travel, and transportation of goods.
Distribution hubs every 500 miles from coast to coast above the 45th parallel and between 45th – 40th, 40th – 35th, and 35th – 30th parallels
These hubs will connect longitudinally as well creating a grid for commercial rail systems and potentially for similar civilian travel routes.
The hubs will allow for Freight to be transported via truck in 250-mile radii drastically improving work life balance for trucker drivers, associated industries, and improve their efficiency and delivery times.
These centers, and hubs will dramatically increase the economic impact of the states that have these hubs established turning less populated areas into thriving industrial areas
Environmental impact will be taken into consideration
All technologies will be based off of green energy options
Fiber Optic Internet
Modernizing the entire nations internet infrastructure to become Fiber Optic
Federalizing the internet
Drastic improvements to networks for both civilian and industrial needs.
Long overdue upgrade to government systems
Rural areas will have access to the same high-speed internet as populated zones.
The longevity of fiber optic lines will meet or exceed current copper lines used for the internet
Additionally technological advancements will utilize existing infrastructure
Turning all of our paved areas into solar energy creating surfaces
Can integrate all fiber optic initiatives as well
Guaranteed network access in even the most remote parts of the country
Drastically reduces the impact of natural disasters on aging power grids
Can divert energy from high sunshine areas, to locations in distress
Can become a net exporter of energy as storage technologies improve
Smart highways can also be used to charge electric vehicles
Major incentive to transition into electric vehicle usage and development
Each dollar spent on highways currently returns around $7, with smart systems the return on investment is exponential
Modernization of Schools, Hospitals, Libraries, etc.
Invest funds from gathered taxes due to: High Speed Rail, Smart Highways, Fiber Optic Internet, Federalization Programs, Legalization of Cannabis, etc. to modernize and improve all schools, libraries, and hospitals in the nation
Job creation in the Trade sector for guaranteed projects stretching for at least a decade
High skilled, high wage jobs drastically impact economies at all levels
With Universal Education initiatives, no incurred debt, and immediate job skills through apprenticeship programs
Clean Energy Initiatives
Complete divestment from fossil fuels by 2035
All non-federalized entities shall be given tax credits to develop clean energy technologies in all related fields
Smart Highways alone can generate all of the energy needs of American Citizens, Businesses, and government agencies
Hydrogen fuel, Thorium, etc. for all modes of transportation including, land, sea, air, and space
Land, Air, Sea, and Space Travel
Federalization of all transportation services, including but not limited to: air travel, rail, and public transportation (taxis, uber, etc.)
Elimination of Toll Roads
Implementation of Clean Energy Initiatives for all modes of transportation
Significant budget increases for the Department of Transportation and NASA
Reappropriated funds from bloated military spending
Increased tax revenues can be utilized for budget increases as well
The Federal Reserve shall take into consideration the financial capabilities of the consumer when adjusting interest rates, above all else.
The purpose of the Federal Reserve shall be to strengthen the dollar, and achieve deflation, without harming the spending power of the citizen