Posts tagged ‘the usa plan’

December 14, 2012

Yes We Can – Eliminate Poverty in our Lifetime

theUSAplan-LOGO

On December 1, 2010, the President’s Debt Commission issued a report recommending specific budget cuts and tax increases.   To date, these austerity measures have not been acted upon by the administration.

Written by Dick McDonald, founder of www.theusaplan.com

During the recent campaign, the Republicans promised draconian spending cuts to the national debt and tax cuts for the 2% of “job creators.” But these, it seems, were largely perceived as attacks on government welfare and entitlement programs; and the people re-elected President Obama and a majority Democrat Senate.

All that was heard from both parties was “no we can’t” – compromise our cradle-to-grave policy or sink-or-swim principles.  What the nation desperately needs is some meaningful “Yes we can,” and they need it in big doses because we are heading off the proverbial social as well as fiscal cliff.

This is why I started the Prosperity Commission to give Americans the “hope and change” no government in the history of man has ever given its poor and working class – wealth. That is a big idea; one the people will actively support.

Granted, America has the “wealthiest “poor in the world, but that “enrichment”  is supported by government entitlement and welfare programs that have run up debt  amounting to a $1.2 million liability for each and every household in America. See http://www.usdebtclock.org.

The Prosperity Commission is promoting its USA Plan.  The “USA” stands for the Universal Savings Account. At its core, the plan expands trickle-down economics to include (1) the poor, (2) the middle-class and (3) rich people who aren’t “job creators,” like movie stars and sport stars. We prefer to call it the Rise Up Theory of Economics.

Making all Americans job-creators will lead to a citizenry that can afford, out of their own pocket, to retire affluently and acquire the best healthcare on the planet.  Considering our current unfunded $121 trillion of debt attributable to the existing Social Security, Disability and Medicare programs, the government is clearly not up to the task.

It is time for the people to assert their sovereign right to change the way government works as specified in our Declaration of Independence. The USA Plan is step in that direction.

The USA Plan funds each taxpayer’s Universal Saving Account (USA) by diverting his or her Federal payroll taxes (the 15.3% of their gross income withheld or paid) into their personally owned account, which is unreachable by the government or the courts and administered by an independent trust not associated with Wall Street.

Over the 40-year working life of the average $50,000-per year taxpayer, that 15.3% withheld or paid amounts to an investment of $300,000 (40 x 15% x $50,000).  Invested weekly into the stock market (not bond or money market) will accumulate and compound into a nest egg of $ 4 million,  based on the average rate of return for 40-year investments in the S&P 500 since 1911 – the period of 1871 to 1911 being the first 40-year period. See the USA Plan website for the year-by-year calculation of the $4 million nest egg and the historical record of the S&P 500’s rate of return.

The logical response to the diversion of payroll taxes into USAs is, “Where are we going to get the money to pay existing Social Security, Disability and Medicare benefits?” The answer to that is much simpler than you think: The USA Plan upon enactment will immediately cut the $138 trillion of “funded” and “unfunded” US debt to $30 trillion. READ FULL ARTICLE  Yes We Can | New York Daily Sun – The Trusted New York Daily Broadsheet.

November 18, 2012

A Bi-Partisan Plan to Make the Poor Rich and End Poverty

A Plan To End Poverty

2012’s Forgotten Class ­the Poor

by Dick McDonald The USA Plan

The 2012 election has been focused on the Middle-Class. The poor in America have hardly been mentioned. Both political parties and their presidential candidates seem to have forgotten the ever-growing class of Americans designated as poor. They drone on exclusively about the middle-class.

Their campaigns have been silent when it comes to the poor.

In matter of fact there are now more people designated as poor than any time in American history. That is an American tragedy. The $17 trillion spent on the War on Poverty in the last 43 years has been a national failure of inestimable proportion.

It is no wonder why their campaigns remain silent. They haven¹t got a solution to stamp out poverty. So why bring it up.

It didn¹t have to be. The American people could have been smarter and forced their representatives to pass laws that eliminated the poor; but they didn¹t. Instead their representatives have created enormous dependency on government by too many Americans who if they had been smarter would by now have the personal wealth to be financially independent. They missed their chance at the golden ring ­ the American Dream of financial independence.

These politicians could have legislated this many years ago. They could have had America¹s workers invest their own payroll taxes (15.3% of their income) in the American economy and personally benefit from the growth in value in their own stock portfolio. As explained at www.theusaplan.com the combined net worth of the American population would have been $460 trillion today rather than the paltry $20 trillion it is now. (115 million households would each have on average a $4 million nest egg).

Taking all Americans to financial independence is still possible. We can do what we did in Japan after World War II. Americans Joseph Morrell Dodgeand Edwards Deming changed the course of world history by taking Japan from its war-torn last place in GDP (gross national product) to second in the world in only 10 years. Banker Dodge did it by giving a tax break to the workers ­ all the workers ­ they didn¹t have to pay income taxes on earnings from investments in the newly created Japan Postal Bank. That worker capital fueled their exceptionally rapid growth.

The USA Plan is much more potent than even the American-crafted Japanese plan. Close to a trillion dollars a year will be invested by American workers in common stocks and the accumulation, compounding and growth in every worker¹s portfolio will generate an average $4 million nest egg for each worker at retirement.

Unfortunately the American worker cannot rely on their representatives to institute the Plan because those representatives have had the opportunity to make the poor rich and the country wealthier for 75 years and have done nothing about it. It will take a popular uprising ­ a non-violent non-confrontational one to force Congress to pass such legislation.

You can help the Prosperity Commission to educate and promote The USA Plan by going to the website and contributing something to the effort that will benefit you and your family for all time. The Prosperity Commission will be an organization that will not tread lightly but a Super-Pac that will confront those who refuse to make the poor rich and the country wealthier.

Make no mistake some will complain because their financial ox will be gored for the common good. You may have heard the term ³social justice.² What greater justice can there be than making the poor rich and the country wealthier? It is up to you. Contribute today.

%d bloggers like this: