Libertarian Party's Prosperity Plan
Saturday, May 30, 2009

The Bush & Obama Administrations have brought us false stimulus and offensive bailouts. So, what is the Libertarian Party's alternative? Its' 3-point Prosperity Plan:

1)    Repeal the income tax: Adopt legislation repealing the income tax and abolishing the Internal Revenue Service. Until the income tax is repealed, adopt legislation preserving the 2001 and 2003 tax cuts and enacting across-the-board income tax cuts.
2)    Adopt the Balanced Budget Amendment: Adopt a constitutional amendment requiring the federal budget be balanced, and balanced exclusively by cutting expenditures, not by raising taxes.
3)    Abolish corporate welfare and bailouts: Adopt federal legislation prohibiting any federal spending program that provides payments or unique benefits and advantages to specific companies or industries, terminating programs that provide direct grants to businesses, eliminating programs that provide research and other services for industries and ending programs that provide subsidized loans or insurance to businesses.

Taxes are a drain on productivity. Sure, some taxation is necessary in order to fund the proper functions of government, as enumerated in the Constitution. But, that's the limit, for the greater the tax burden, the greater the drain.

We keep hearing that cuts will be 'painful'. Painful? You mean, more painful than our disappearing purchasing power? More painful than having to work longer to keep more of the money you earn? If you have a job at all? Let's try that 'pain' that cuts are alleged to bring.

The bailouts are just wrong. Every parent knows that if you reward a child's naughty behavior, you get more of it. We know that bailing out businesses that make lousy decisions corrects nothing, it only encourages more bad decisions. So, why are we doing it? Ask a Republican or a Democrat.

Those two parties have proven their ineptitude. The more they do, the less prosperous we are.

Get involved. Become a Libertarian candidate. Support Libertarian candidates. Only then will you get real change, and better than that, real prosperity.

Labels: bailouts, Libertarian Party, Prosperity Plan, stimulus, tax cut, taxes