A Ninja Idea

Here's a Ninja solution by Chris

Let the Ninja Masters review!

Manifesto For Economic Stability-

To increase economic stability government influence must be reduced! To accomplish this I have laid out provisions in each of the three areas of money raising debt, printing money, and taxes. Keep in mind I am not an economist so any constructive criticism is encouraged! My goal was to bridge the gap from what we have now, government interventionism, to a more perfect market based system.

Debt-
-Reduce foreign holdings to under 20%. (eliminate significant control) We need to reduce the amount of control foreign governments have over our currency and reduce the amount of interest paid to foreign countries. (Japan&China hold nearly 50% of our debt)
-Balance the Budget (with some kind of incentive)

Printing Money-
-Limit the amount of money creation to a calculated inflation of 2% or less.
-End interest rate control by the Fed, allow markets to determine rates. (forcing many to save before buying if rates are high)
-Bring fractional banking reserves to 50% and mandate banks cover their debt with enough capital.
-Privatize all banking institution w/ no government backing.
-Improve regulations and oversight by the SEC, also hold the SEC accountable by investors and shareholders of failed institutions.

Taxes-
-Allow private organizations to compete for tax payer money in education & welfare.
-Allow tax payers to choose between private organizations or government when paying taxes. (percentage apportioned to education & welfare)
-End Social Security tax for those 45 years old and younger.
-Reduce corporate tax to 25% & end loopholes in tax code.
-Reduce capital gains tax to 5%
-Increase estate tax to 50% over a 5 million dollar threshold (except for family business such as family farms)
-Increase luxury tax
-Increase income tax on wealthiest 1%, to 40% (keep in mind this money can be sent to private organizations)
-Reduce subsidies except for R&D and alternative energies.


Military-
-Stop policing the world, bring troops home, reduce the size of the military, reduce its armaments, and overall spending. (Military costs us 400 Billion a year, half of the nation's budget!)


Hopefully we can wean ourselves off of government control of the economy by privatizing expensive and inefficient government monopolies in education and welfare, by reigning in the power of the Fed, keeping a balanced budget, and reducing our military spending. Also, by lowering corporate and capital gains tax mixed with a more likely, higher interest rate, Equity financing would be encouraged as apposed to debt financing. I know the tax increases go against the conservatives and libertarians but my intention wasn't to penalize the rich for making money but to penalize the rich on spending money. This is because trickle down economics doesn't work if the rich spend their discretionary funds instead of investing it for the good of the economy. Finally, if banks were able to cover their own debt instead of having the government bail them out we wouldn't have the mess of 1929 or 2008!