Unfunded mandates

That last post was in response to Billkinner.

At first blush your plan is not a bad idea EXCEPT that millions of people now in the market would be mad as h e l l if the Congress passed such a plan. As you know our pols in Washington want to be elected to office and re-elected. Maybe it might work if it was a surcharge depending on one's financial assets, but even then people would bring up the 'class warfare' argument and it also would end up being a paper nightmare.

Consider this: In New York City which is also in New York State, the TOTAL PROPERTY TAX BURDEN ON RESIDENTIAL PROPERTY IS LESS THAN 1% OF MARKET VALUE. In Chautauqua County most communities carry a tax burden of 3-5% of market value. Why is New York City so much cheaper? It's because their government is proportionate to the size of their population and tax base. Chautauqua County has way too much government and too many school districts. Our leaders know this but they fear change and the impact on elections.

I am not convinced that state mandates are the problem. The real problem is our structure of government in a county of only 133,000 residents. We can only justify one government and one school district based on our population. But what do we actually support with our tax dollars" We support 27 towns, 15 villages, 2 cities and 18 school districts. The solution should be obvious and it has nothing to do with state mandates.

I am not convinced that state mandates are the problem. The real problem is our structure of government in a county of only 133,000 residents. We can only justify one government and one school district based on our population. But what do we actually support with our tax dollars" We support 27 towns, 15 villages, 2 cities and 18 school districts. The solution should be obvious and it has nothing to do with state mandates.

While millions of people remain unemployed. I have, a deficit reduction plan and a jobs creator. The plan would rapidly reduce our deficit and immediately create millions of new jobs.

Approximately 32,000,000 trades or transactions ocurr on Wall Street on a daily basis.

The plan is that our Congress enact a law that creates a new "TRUST FUND" placing a $25 (twenty-five dollar) "TAX" on all buy/sell transactions.

Final analysis is that long-term investors are not hurt. Day traders, market players and speculators must pay the piper or vanish. The monies collected, by Wall Street then be transferred by "E.F.T." within 3 (three) business days to the new "TRUST FUND". Provides a ready flow of support capital.

The money would be used exclusively for "DEBT REDUCTION" and jobs to re-build our "INFRASTRUCTURE". Creates "MILLIONS" of manufacturing support jobs, thereby reducing unemployment.

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