California IOUs: It has come to this. Incredible.
Here's my advice to state legislators and federal officials.
How to Solve the Budget Crisis
1) Full amnesty for illegal/undocumented aliens. Pay a fine of $2,500 for each adult. Children charged at $25.00.
2) Clunkers for cash: any car more than 5 years of age much be pulled from the streets. Get $5,000 tax credit.Buy GM or Ford, get another $5,000 tax credit. Buy Toyota or Honda, get $1,500. Trade a clunker for a motorcyle, get another $12,000. Or get a bicycle, value up to $1,000, free.
3) Mandatory education (public, private, etc) until the age of 25; this will keep a large portion of the population in education and allow the employment rate to rise significantly.
4) Raise sales tax to 18%. Lower payroll taxes by 75%. Institute a flat tax at the federal level of 11%. Inheritance tax (death tax) set at 75%.
5) Turn prisons in manufacturing plants. Minimum wage per hour set at $25.00. All monies earned will be pooled at paid to victims of crimes.
6) Raise all road fees by 500%. Encourage more mass transit infrastructure. More air travel within the state.
7) Turn all prisons into for-profit corporations.
8) Make English and Spanish official languages.
9) Women who are willing to forgo an abortion should be compensated for bringing the fetus to full term the sum of $25,000. Monies to be paid by adopting parents (regardless of sex or sexual orientation) and church groups.
10) Churchs shall be permitted to be engaged more in community activities and social welfare and educational programmes.
11) Trade in your in-state university student loans for 10 years of public service; loan balance up to $250,000.
12) Body Mass Index ratings for tax credit of $5,000 per person; if BMI is within 2% of recommended level, get tax credit.
Real problems deserve serious debate.
Comments