The Money Agenda

This is interesting
Very Interesting

Rocket River

 

https://patrioticmillionaires.org/w...merica-250_-The-Money-Agenda-Exec-Summary.pdf

https://patrioticmillionaires.org/perspectives/america-250-the-money-agenda/

Comprised of four powerful, mutually-reinforcing ideas, The MONEY Agenda: America 250 will permanently stabilize the economic lives of working people, stimulate wide-spread economic growth, and ensure prosperity and stability for America’s next 250 years.

The “COST OF LIVING” TAX CUT Act

• Provides a Cost of Living Exemption (COLE) on federal taxes equal to the median cost of living for a single adult with no children (approximately $41,600 per year);
• Shifts responsibility for those revenues from the working class to the millionaire class, through a millionaires surtax of 3% on income over $1 million and 8% on income over $10 million.

The “COST OF LIVING” WAGE Act

• Raises the federal minimum wage to the median cost of living for a single adult with no children (currently $41,600 per year/approx. $21 per hour) and indexes it;
• Protects American workers against the impending disruption of automation and AI by ensuring that every full-time job pays at least enough to support a single individual.

The EQUAL TAX Act

• Equalizes tax rates for capital gains and ordinary income over $1 million, ending the preferential treatment of capital over labor while maintaining a benefit for small investors;
• Closes the stepped-up basis loophole, disrupting the “buy, borrow, die” strategy used to minimize/eliminate the tax obligations of the uber-wealthy.

The ANTI-OLIGARCH Act

• Phase 1 prevents further wealth concentration by implementing significant taxes on the intergenerational transfer of wealth, on large sums of trust-held wealth, and on the true economic income of America’s ultra-rich;
• Phase 2 dismantles the existing American oligarchy by taxing the wealth held by the ultra-rich sufficiently, including amending the Constitution if necessary.

Rocket River