Some people were commenting on the size of the military
budget of the United States of America. I simply agreed that it is rather
large, but I thought a little more about it and realized that the more than six
hundred billion was enough to pay attention to, and it is even enough to do
something with. As we all know, the U.S.A. is more than twenty trillion in
debt. The military budget isn’t enough to eliminate the debt, but it might get
us on the way, but not directly. We should take half of the military budget (or
maybe a little more) and give each citizen a million dollars.
A million dollars isn’t as much now as it was when John
Beresford Tipton gave that much to a random person every week on the TV show,
but a million could still help many people. People could pay off student debt,
instead of writing that off, and they would still have enough to go out and but
something. Others could payoff or buy a house, and that would be extremely
handy for the homeless.
The would be a kicker in it. It would be taxable, but it
would e at the new flat rate of 15% on all income. And they'd have the money,
so they could and would pay the income tax, especially since it had been withheld.
But with the new habit of paying income taxes, people would start to pay down
the debt, and that would strengthen the U.S. economy, which would have the
effect of making everyone wealthier. And it would make the government
wealthier, because fifteen percent off the top would be a much larger amount
that the negative income that the government is charging now. Fifteen percent
is so little that even perennial scofflaws like Trump would be willing to pay
some taxes, for a change.
It wouldn't take many years of collecting fifteen percent
and applying it to the debt would make a major difference, and if we kept the
custom of putting half of what the defense department was looking for to debt
reduction the debt would decrease.
That would also make the dollar stronger and lower the Treasury
Department's cost of borrowing. That wouldn't decrease the carrying cost, but
it would lower the rate when the Treasury had to refund an issue.
That little fifteen percent (maybe we should make it twenty)
tax would pay for everything that the feds have been doing, adjusting for the
decrease in military spending, and it would make it easier for people and
businesses to make money, so the economy would boom, especially after we get
rid of Trump's tariffs.
The only downside would be unemployment among accountants
and IRS workers, but some of them could switch to the improved tax scheme, so maybe
there wouldn't be much unemployment, or maybe the accountants could do
something useful instead. But with all the previously penniless people rolling
in dough, they might become financial advisors.
With all the additional wealth, Americans could live the
lives they only dreamed of, and life in America could truly be better.
