Sunday, April 20, 2014
Economic Policies for 2012 U.S. House Candidacy
The Federal Budget
Balance the budget as soon as possible by reducing military expenditures not essential to our self-defense, abolishing unconstitutional and unsustainable bureaucracies, and enacting balanced-budget legislation.
The Monetary System
Audit the Federal Reserve annually, permit the production of alternative and competing currencies by individual and private actors as well as local governments, and allow interest rates to be set by the market.
The Tax Code
Abolish the Internal Revenue Service, repeal all legislation permitting taxation by the federal government (with the exception of import duties and fees), urge the states to repeal their tax legislation, and urge local government to enact taxes on the creation of income disparity.
The Banking Industry
Support legislation to prohibit affiliation between insured depository institutions and investment banks or securities firms, and strengthen the effects of the Dodd-Frank Act by improving transparency in the Securities and Exchange Commission.
Promote the general welfare over special interests by ending all subsidization, bailouts, restructuring, chartering, and contracting of businesses by the federal government; and urge the governments of the states to do the same.
Abolish the Consumer Financial Protection Bureau, and permit its re-establishment only under conditions of proper ratification of an amendment authorizing its existence and full congressional oversight.
Campaigns and Elections
Diminish the influence of special interests such as businesses, unions, PACs, and lobbyists on elections by restoring limited government which promotes the general welfare; and restore privity and competition to the electoral system through open-ballot reforms.
Facilitate an influx of foreign and domestic capital investment by reducing and abolishing tariffs (with the exception of importation duties and fees) and federal taxes on all forms of income and investment.
Reduce the role of the Department of Commerce to permit federal intervention only when states enact tariffs; monopolies, monopsonies, or outright bans on the provision of goods or services; and end welfare and subsidies to large and small businesses alike.
Phase out and abolish the USDA, eventually eliminating $145 billion from the current annual federal budget. Urge the state and local governments; unions; charity, religious, non-governmental consumer-advocacy and consumer-safety organizations; and private enterprises to increase their provision of USDA-type services and benefits during the process of transition away from the current system of centralized federal regulation of the provision of agriculture, natural resources management, rural development, nutrition, and food safety services.
Abolish the Department of Transportation, allow state and local governments to take up the administration of its functions, allow the privatization of Amtrak, and support the transition of the functions of the T.S.A. to private and local-government agencies.
Abolish the Department of Energy, allow state and local governments to take up the administration of its functions, and advocate for local governments to have the primary role in making decisions regarding exploration for energy sources.
End U.S. Membership in the W.T.O. and N.A.F.T.A., allow the reduction of tariffs on foreign goods and services independently of those agencies, and facilitate compromise between freedom and fairness of trade based on the subjective values of foreign sovereigns.
Written in January 2012
Originally published January 18th, 2012
Text originally appeared at http://dontvoteforjoe.wix.com/2012
For more entries on banking, the treasury, currency, inflation, and business, please visit:
For more entries on budgets, finance, debt, and the bailouts, please visit:
For more entries on commerce, please visit:
For more entries on consumers' issues, please visit:
For more entries on energy and natural resources, please visit:
For more entries on taxation, please visit:
For more entries on theory of government, please visit:
For more entries on free trade, fair trade, the balance of trade, and protectionism, please visit:
For more entries on transportation, transit, travel, and the automobile industry, please visit: