How Republicans can give Democrats everything they want - UPDATE

Yes We Can

http://www.newyorkdailysun.com/yes-we-can/1117

What Democrats Want Republicans Should Give Them

http://www.newyorkdailysun.com/what-democrats-want-republicans-should-give-them/1133

UPDATE:

Another article printed by the NY Daily Sun.

Powerful Democrat Says No to Obama’s Plan: We suggest a better plan

http://www.newyorkdailysun.com/powerful-democrat-says-no-to-obamas-plan-we-suggest-a-better-plan/1205

What you might not know about Harry Potter...

Ending Income Inequality?

Self-hating Democrat blames those greedy Jews

GatewayPundit:

Democrat Waxman: Greedy Jews Vote Republican Because They Want to Protect Their Wealth

Where is the money?

It's here.

Does one man have the answer for America?

I emailed Al Martinez (The Daily News) twice about my friend Dick McDonald...and look what finally happened today!

Al Martinez: "Does one man have The Answer for America?"

PS: Dick has a free e-book on his website called "Make The Poor Rich and America Wealthier" that is over a hundred pages of specific details that show why his plan will save our country. (Please forward to your lists and spread the word!)

A Tutorial on Wealth Creation(Tea Party Pay Attention!)

Dick McDonald

According to a recent Rasmussen Poll 63% of the people believe the American Society is fair and decent. Let’s check and see how you feel about that after you read the following.

Super rich people hardly pay any income taxes on their billions.

Bernie Sanders, the socialist Senator from Vermont, last week was railing against the passage of the Bush Tax Cut legislation by informing us that the super rich, according to a recent study of 400 billionaires pay on average only 16% in income and payroll taxes.

That is bunk. I say they pay at a maximum a small fraction of 1%. Generally their wealth is derived from stock ownership and their enormous wealth comes from the appreciation of that stock(s) over the years. As the appreciation in the value of stock is not taxed their wealth is accumulated FREE OF TAX. It is the ultimate tax shelter.

Warren Buffet’s wealth increased $10 billion in 2006 and he claimed in front of Congress that he paid 17% in taxes on his income that year. He testified that he should pay more in taxes because his staff paid on average 32%. He said that was unfair and that rich people should pay more in taxes.

What a whooper that was. He didn’t pay $1.7 billion in taxes he paid less than $10 million (or 10% of 1% - .oo1) in taxes because stock appreciation (his business) is not taxed. Now through some deceptive method of computation he probably said he paid 15.3% in payroll taxes on his $100,000 salary from Berkshire Hathaway and 1.7% in total in capital gains taxes to arrive at his fictitious 17%.

Of course Warren Buffet knew as did all billionaires the Bush tax cuts were of little consequence to them. They don’t pay tax on appreciation of their stock. And even in the case of dividends, they don’t have to pay them if the rate returned to Bush levels. Bernie Sanders and all the uninformed citizens and their propagandists in politics and media swallowed this tax cut propaganda.

Those who really get hurt are the millionaires who don’t use the tax-free stock ownership route and pay these absolutely confiscatory taxes on income. They are the primary job creators – small businessmen on the way up who use Subchapter S corporations and pay taxes personally to avoid corporate double taxation. Double taxation, of course, is just another fallacy. The super rich avoid all taxation on “income and wealth.” Double taxation for the super rich is a myth for public consumption.

Super rich people do not pay estate taxes

One of the stumbling blocks in the tax bill that passed was the rate of estate tax. Liberals were fiercely resisted lowering that rate to 35% for estates over $5 million. They wanted it to remain at 55% on “taxable estates” over $1 million. On the other hand conservatives grumbled that such wealth had already been taxed and to tax it again was unfair double taxation.

Well as any tax man will tell you billionaires don’t pay estate taxes. They take a deduction from the “taxable estate” for all amounts given to charity. As those charities are usually created by the billionaires themselves they can control their money from the grave.

All this publicity by Bill Gates and Warren Buffet getting billionaires to give half their estate to charity is so much baloney for public consumption. These guys are not going to pay any estate tax; they will give it all to charity.

Really intelligent super rich people’s kids don’t pay taxes on wealth

There are a number of devices available to the super rich to avoid having their kids pay estate taxes on the accumulated wealth. Here again the trick is to transfer the ownership of the assets – usually stock – to the kids early on in life and let the non-taxable appreciation accrue for the benefit of the kids. Those assets are then passed on to the kid free of tax at death of the super rich man or woman.

J. Paul Getty, the “first” billionaire, transferred 2/3rds of all he ever owned to his grandkids in trust in his 30’s. At death the remainder of his estate went to his Museum. He personally as well as his corporations paid no income taxes during his lifetime because of percentage depletion and the deductibility of intangible drilling costs; his corporations’ share of payroll taxes were paid for by passing those costs on to the consumer and he paid no death taxes nor did his kids or grandkids. As I said, the super wealthy pay no taxes.

The wealthy make the free market grow and the country prosper. Poor people are in line to do that too.

Now you may believe as many working men and liberals do that it is very unfair that the super rich pay little or no taxes. You may believe that the rich store that wealth in a way that it never comes back to benefit the economy. You would be wrong. Wealth is always at work benefitting the economy. If it is invested in stocks – it is working. If it is in the bank the bank has to lend it therefore – it is working.

The Pitch to the Tea Party

This little tutorial on wealth creation was written to expose the poor, the middle class and even the rich to the wonders of tax-free appreciation in stock. As you know we are in a world of hurt economically. If we could get all those citizens to follow the lead of the super rich and invest in the stock market two things will happen – (1) the less than super rich will get wealthy and (2) the economy will take off and millions of jobs will be created.

In this crucial time in our history, America needs new ideas on how to reform our government. I contend that to do that we need to avoid the austerity the politicians are planning to impose to make the government more solvent and promote a new blueprint that solves poverty, income discrepancy, freedom and free market problems at the same time. It is time we focus on prosperity. Are you listening Tea Partiers?

There is a blueprint of new ideas that you might consider. Going down the path the Debt Commission and all politicians are promoting will lead to riots in the streets. Those interested in a logical redo along the lines our Founders designed see here. More importantly it outlines where the poor get the capital to invest in stocks as well as where to get the funds to pay for our existing entitlement obligations.

Dick McDonald is a former Arthur Anderson C.P.A. who did the taxes of the richest man in the world at that time, J. Paul Getty

Wanna get rich???

Then you'd better check this out first: War Against the Wannabe Rich

Obama Poised to Cede US Sovereignty, Claims British Lord

At [the 2009 United Nations Climate Change Conference in] Copenhagen, this December, weeks away, a treaty will be signed. Your president will sign it. Most of the third world countries will sign it, because they think they’re going to get money out of it. Most of the left-wing regime from the European Union will rubber stamp it. Virtually nobody won’t sign it.

I read that treaty. And what it says is this, that a world government is going to be created. The word “government” actually appears as the first of three purposes of the new entity. The second purpose is the transfer of wealth from the countries of the West to third world countries, in satisfication of what is called, coyly, “climate debt” – because we’ve been burning CO2 and they haven’t. We’ve been screwing up the climate and they haven’t. And the third purpose of this new entity, this government, is enforcement.

How many of you think that the word “election” or “democracy” or “vote” or “ballot” occurs anywhere in the 200 pages of that treaty? Quite right, it doesn’t appear once. So, at last, the communists who piled out of the Berlin Wall and into the environmental movement, who took over Greenpeace so that my friends who funded it left within a year, because [the communists] captured it – Now the apotheosis as at hand. They are about to impose a communist world government on the world. You have a president who has very strong sympathies with that point of view. He’s going to sign it. He’ll sign anything. He’s a Nobel Peace Prize [winner]; of course he’ll sign it.

And the trouble is this; if that treaty is signed, if your Constitution says that it takes precedence over your Constitution (sic), and you can’t resign from that treaty unless you get agreement from all the other state parties – And because you’ll be the biggest paying country, they’re not going to let you out of it.

Read the whole thing

The #1 thing Obama doesn't know and would refuse to acknowledge

A powerful quote from Pastor/Dr. Adrian Rogers (1931–2005):

“You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it.”

Why is there wealth?

“Capitalism is the greatest system ever created for alleviating general human misery, and yet it breeds ingratitude. People ask, ‘Why is there poverty in the world?’ It’s a silly question. Poverty is the default human condition... The interesting question isn’t ‘Why is there poverty?’ It’s ‘Why is there wealth?’ Or: ‘Why is there prosperity here but not there?’ At the end of the day, the first answer is capitalism, rightly understood. That is to say: free markets, private property, the spirit of entrepreneurialism and the conviction that the fruits of your labors are your own... In large measure our wealth isn’t the product of capitalism, it is capitalism. And yet we hate it. Leaving religion out of it, no idea has given more to humanity. The average working-class person today is richer, in real terms, than the average prince or potentate of 300 years ago. His food is better, his life longer, his health better, his menu of entertainments vastly more diverse, his toilette infinitely more civilized. And yet we constantly hear how cruel capitalism is while this collectivism or that is more loving because, unlike capitalism, collectivism is about the group, not the individual... Meanwhile, billions have ridden capitalism out of poverty. And yet the children of capitalism still whine.” —Jonah Goldberg

How to get rich

Break Socialism’s Back
Start A Capitalist Revolution www.riseupamerica.us
Teach Your Teachers A Lesson

One way to destroy socialism is to take away the perception that socialism can deliver the “common good”. Academics may embrace it theoretically but in practice socialism has never has nor will it ever deliver the “common good.” Therefore why don’t practical people attack it at its weakest point – the entitlement fallacy. Entitlements have never made the poor rich. They have just put a band aid on socialism’s perpetuation of poverty. Man needs to replace entitlements with a plan that makes the poor rich – rich enough to make their own way in this world - and there is a way capitalism can do just that.

If so, America’s youth needs to start a capitalist revolution to reverse the creeping socialism that plagues the free world

The Rise Up America plan employs capitalism and lets that economic miracle eradicate poverty from the American experience. It does so by not asking Americans for tax dollars to redistribute to the poor - nor does it ask the poor to invest that which they don’t have. It merely diverts those monies presently taken by the government in the form of payroll taxes and places those monies in a personal investment account owned by each individual taxpayer who immediately invests those funds in America’s capital markets.

Leaving those funds in the personal investment account to compound into millions throughout his or her working life allows a retiree to afford an affluent retirement, the best medical care on the planet, a million-dollar nest egg to will to the kids and freedom from a dependence on government. The millions in their personal accounts deliver the American Dream of financial independence that socialism promises but capitalism delivers

We hope to arm the American youth with the Rise Up Theory of Economics with which to fight this battle and instruct their revolution.

The Rise Up Theory of Economics does for the poor and middle class what the "Trickle Down" Theory did for the rich - it makes them wealthy. It is a simple concept, It redirects the 15.3% presently paid by individuals (and in the case of employees, their employers too) in the form of payroll taxes into a personally-owned investment account that will grow into millions over the citizen's working life. The funds are invested in safe indexed stock funds that have historically been growing at an average rate of over 10% for the last 30 years. See the schedules, tables and graphs at www.riseupamerica.us to verify the millions an ordinary American can accumulate during their working life and the history of the rates of return on indexed stock funds.

This is not a Republican or a Democrat plan but an American plan. A plan that transcends politics and immediately creates an American economy annually infused with over $1.3 trillion of new capital with which to grow at a more rapid rate than at any time in its history.

Adopting Rise Up will not only make America and Americans wealthier it will reduce the size of government by half; generate the biggest tax cut in history; pay off all unfunded entitlement liabilities; economically emancipate women and minorities;; reduce crime, poverty and gangs; eliminate the need for government pensions and Medicare; eliminate the need for business to fund retirement needs and a myriad of other benefits – see the Mission Statement at www.riseupamerica.us.

Under the Rise Up plan, the government will guarantees to pay all benefits presently payable to retirees and welfare recipients under existing programs. The amounts so payable will be forever frozen at existing levels and the government will guarantee they won’t be altered.

The Rise Up plan also includes a unique method to finance the transition from existing programs like Social Security and Medicare to personal investment accounts. An exciting feature of that method will be the manner in which it will increase the value of the US dollar internationally.

All organizations and individuals interested in improving the American experience are invited to endorse and promote the Rise Up America plan. Please contact Dick McDonald, Managing Director of the Ownership Society Institute* at 818-998-6800 or e-mail him at dickmcdonald73@att.net for further details.

It is important that the youth if America “rise up” and take charge of its future. The path to further stagnation through socialism must be reversed. Taxing the rich is a failed prescription – un taxing the poor and middle-class is the prescription to free Americans and enable all of them to reach the American Dream – painlessly. Take that to your teacher and see if he or she supports making the poor rich or if he or she is in favor of keeping the poor permanently poor?

* OWNERSHIP SOCIETY INSTITUTE
The Ownership Society Institute is a new think tank dedicated to increasing the wealth and property of all Americans and the reduction of taxes imposed on them. It sponsors ideas and plans that reduce the size of the Federal and state governments while at the same time increasing the efficiency of their constitutionally mandated responsibilities. It sponsors the enactment of the Rise Up Theory of Economics and the elevation of the power of the individual over the power of the state. It opposes the weaknesses that the state imposes by making its citizens rely too heavily on government to so lve their problems and fund their failures. See www.ownershipsocietyinstitute.com

Make the Poor Rich and America Wealthier

by Dick McDonald

I may have made a mistake putting “Make the Poor Rich” in the title of my book. Most poor people don’t consider themselves poor; most consider it a temporary condition. Those that pretend to care about the poor are generally more interested in the political power attached to their advocacy. In Los Angeles the City Council considers the poverty line at $56,000 a year. Yet only people making less than $20,000 a year in Los Angeles consider themselves poor.

I have authored the Rise Up Theory of Economics to rescue not only the poor but the middle class from the indignities of never having enough income during their working life to build independent wealth to retire on. To do that I had to build a theoretical economic engine that would power that vehicle. I found that repealing entitlements like Social Security and Medicare and replacing them with personal investment accounts was the best way to do it. The plan is simple.

Take the 15.3% of our income that is sent to the government by or for us as withheld payroll taxes and put them in our own personal account and invest them weekly in the capital markets (indexed Stock and Bond funds). We chose indexed funds for security and growth. We involuntarily invest each week during our working life and we end up with a million dollar nest egg when we retire. Even a poor man making a minimum wage of $7.25 a hour (no overtime)for 40 years will end up with a $1.2 Million nest egg that throws off $10,000 a month retirement check.

The personal account is a simple solution. It has not escaped the attention of politicians in Congress – each of them already has a personal account even though many tell their constituents that personal accounts will destroy Social Security and Medicare. No, politicians know all about personal accounts and their desirability; they all are presently enjoying the benefits they deny us.

Many people have been fooled into believing that personal accounts are too risky, too costly and the transition to that method would bankrupt us. Were any of that the case why has the Congressional plan worked so well. It not only covers Congressmen but also 3.3 million Federal workers. It has been operated for almost 20 years and it has proven that personal accounts like Rise Up proposes are not too risky, not too costly and appreciate into million dollar nest eggs.

The Rise Up Theory is a wealth creation tool. It is better than Trickle Down as it invites the poor and middle class as well as the rich to the party. In addition it annually pours 15% of the personal income of all working Americans into the capital markets which will fuel a geometric rise in America’s wealth thereby vastly improving our quality of life. In today's consumer-driven marketplace Americans spend all of their income and pour nothing into the capital markets.

If you are interested in Making the Poor Rich and America Wealthier visit www.riseupeconomy.com. You can get a free e-book there that explains the whole plan replete with graphs and tables to prove the mathematics; but don’t be fooled into believing that making the poor rich is some religious or social exercise. Rise Up is just the means to make America immensely wealthier, its culture fairer and free market capitalism more appealing to the rest of the world’s population.

Read about it here

"Make the Poor Wealthy" -"The Way to End Poverty, Fix Social Security and Save Medicare"

Coming soon to your local bookstores!

Wanted: Book Publisher

I know someone who actually CAN provide the solutions presented below and he has a completed manuscript to prove it (along with a VERY distinguished background). There's no doubt he will find a publisher for this just-completed manuscript, but if you are (or know someone) who is interested in publishing his book, you'll be at the head of the line--just leave a comment below.

• Make the poor rich
  
  
• Deliver the American Dream to even those that can’t compete
  
  
• Honor the capitalist system by using it to solve these many problems
  
  
• Create Personal Accounts for everyone
  
  
• Provide retirement checks that allow retirees to live affluently
  
  
• Force a 15% Savings on citizens at no new cost to them
  
  
• Create wealth by compounding
  
  
• Reduce the National budget by one-half
  
  
• Eliminate $65 Trillion of potential entitlement liabilities
  
  
• Deliver the biggest tax cut in history
  
  
• Give the disadvantaged a reason to live and care about their life
  
  
• Reduce crime, victimization, and dependence on government
  
  
• Reduce stress caused by crime and financial difficulties
  
  
• Eliminate the need of the private sector to finance retirement
  
  
• Make business more competitive by eliminating costs their competitors don’t have
  
  
• Eliminate the union’s need to bargain for retirement funding
  
  
• Solve State and municipal pension concerns and unfunded obligations
  
  
• Energize the economy with an immense injection of capital
  
  
• Teach 50% of Americans about capitalism and stock investing
  
  
• Infect America with the optimism this plan can effect
  
  
• Reduce ethnic and racial tensions by making everyone wealthy
  
  
• An air-tight way to eventually deliver the American dream to everyone
  
  
• Bring back the market to areas convoluted by government intervention
  
  
• Make America the shining light it once was before this dissonance surfaced
  
  
• Get everyone on the same page pulling in the same direction
  
  
• Infect the population with a desire to win and increase stock values
  
  
• Restore America’s confidence in her politicians