Poor people who earn $5000 per month, pay them $20,000 per month. Reduce the salaries of high paid professionals such as CEO, managers, world leaders, politicians, MBA, Chartered accountants (CA) and others by 50% because they are responsible for present never ending financial crisis.
Salaries of government people such as federal reserve and bankers should be reduced by 75%. President and politicians should work for $0 salary. Only a person who is worth $10 Billion should be the President. He should pay for his president expenses. The same applies to other politicians. When you are serving the country why do you need salary. President job and politician job should be charity job.
If anybody is not happy with 50% less salary or 75% less salary (Fed and bankers) or charity job then they can always work as prostitutes (male or female), or do farming or beg on the streets. Start watering 25 Trees everyday and you will understand what I mean.
One of the best most transparent systems is to simply tax monetary exchange. US Debit cards tied to US treasury accounts issued to all people and businesses world wide that transact in $. The Govt clears transactions between parties exactly like the credit card companies and collects 1% from the receiving party. No loopholes, no exceptions and paper money and coins will phase out to an all digital currency. Eliminate all other taxes: state, federal etc. and eliminate all tax filings. Any social welfare programs will deposit directly into verified citizen accounts. Eliminate the IRS & FINCEN's bloat and banking secrecy crap because all transactions are recorded.
Credit cards and debit cards thefts and frauds are extermely dangerous because somebody else who is 20,000 miles away can use your credit or debit card.
Salaries of Secret Service and Army must be increased by 100%. Salaries of police and FBI must be reduced by 50% because they blindly obey idiot politcians. They cannot fight back. If you cannot fight you are handicap (mentally and physically).
Take it a step further - off-shore the consumption tax - fund all gov't expenditures with tariffs on imported goods.
The Fed levies the Invisible Tax - Inflation. Inflation is a regressive tax, since it adversely affect the middle-class and poor the most. Since the estimate is that the dollar has lost 95+% of it's value since the creation of the Federal Reserve, it seems the saying "America was built on the backs of the middle-class" is particularly true.
wasteful consumption --------------------------------------- another liberal scumbag word you idiots throw around. Wasteful Consumption? Who are you or anyone else (GOV) to tell me what I can and can't spend my money on? What is Wasteful Consumption? That terms is fucking useless. If one is to buy two Audi's, A beach house and spend 20k a month on clothing. IS THAT WASTEFUL CONSUMPTION? How about all the "JONES who think they are rich" buying more house than they can afford, leasing HUMMORS for 7 years and spending mad money at Starbucks, that they can't afford. How about controlling DEBT and making lending harder to obtain. How about you have to have "ASSETS" before your able to buy a house.. How about you fools on ET who put up 5k and trade on huge pooled margin....oh wait that game is over as they are raising all capital requirements now. FLAT TAX is the only Fair tax. CONSUMERISM IS 7O% of the GDP! How about that Wasteful Consumption now you trolls and Parasites? Consumption is not the problem, CREDIT AND THE EASE OF WHICH 90% of the ASS CLOWNS on this site and in this country were able to access with "ZERO NET WORTH". And all a "Consumption tax" would do is punish those that have the money . Just as the SIN TAX only punishes those who can't afford to pay for their SINS in beer, cigs, etc.