www.riseupamerica.us www.dickmcdonald.blogspot.com

I find it a tragic human comedy that all Republican and Democrat talking heads let Obama’s enormous lie at the last debate go unchallenged and unreported. He says he “wants to change the way business is done in Washington.” Yet he states that “the tax code has been written by the well connected”. In no uncertain terms he declares the lobbyists, big business and the rich are the ones who have kept the poor poor and the middle-class from achieving the American Dream by manipulating the tax code.

Now take a moment to realize how common that perception is. Then question yourself. Is that your perception? If it is how do you evaluate the fact that 50% of the people pay 3% of the income tax and a more recent study says 60% of the people pay less than 1% of the income tax. How does that perception square with those facts? It doesn’t. It is a massive lie that Obama is feeding us. And our pundits are asleep at the switch.

The fact is the lobbyists, business and the rich are the whipping boys of politicians. Politicians do political things not logical things. The political thing to do in Washington is to get re-elected. To get re-elected you favor your constituency. For years that constituency has been ordinary Americans who are neither well-connected nor wealthy. Therefore the political thing to do was to take from the rich and redistribute to your constituency – Marxian but effective - and it is an easy and exceedingly lazy sell.

I spent my working life as a tax man and can assure you the income tax code and the income tax rates are skewed to the left in favor of the poor and middle-class voters who generally elect Democrat Congressmen to economically punish big business and the wealthy. The proof being the percentage of income tax they pay. There is no disputing that,

The work of lobbyists is to try to get Washington to do logical things like not imposing regulations that restrict Americans from doing their jobs and companies from growing. Unfortunately politicians are playing to the crowd and continue to unmercifully tax and regulate Americans and American businesses at every opportunity.

Now to add painful comedy to this tragedy the real rape of the American people - primarily by Democrats - are the payroll taxes. These taxes are viciously protected by Democrats who will not even come to the table and discuss the $45 trillion in unfunded Social Security and Medicare obligations politicians – again primarily run up by Democrats – unless privatizing them is OFF THE TABLE.

Even Obama stated that payroll taxes were the most “regressive” of the taxes. Of course he used the wrong word. He should have said the most punishing tax on the poor and middle-class ever devised by an irresponsible Congress. Ordinary Americans invest 15.3% of their lifetime income (employers pay half of this for their employees) in these taxes and at retirement have accumulated no investment – no nest egg. What they get is a embarrassing thing called a “safety net” - sufficient in amount only to stave off starvation for as long as they live.

Privatizing these payroll taxes would return the ownership of these taxes to the individual who paid them and under the Rise Up America plan would involuntarily lock them up in a personal investment account to be immediately invested in the American economy to grow into millions at retirement. Instead of the $1.122 a month “safety net” the average American household ($40,000 a year) would get a $27,000 a month retirement check no matter how long he lived and a nest egg of $3.2 million to will to the kids. See www.riseupamerica.us for the plan and the mathematics.

The Rise Up America plan is quite unique. It will continue paying all retirees and any future retirees the same benefits they presently get - $1.1 trillion. There will be no increase in taxes or cutting of benefits under Rise Up. There will be no 15.3%tax imposed on those making more than $97,000 a year as Obama has proposed.

Simultaneously the $1.3 trillion annually collected in payroll taxes will be placed into the personal investment accounts of the taxpayer and immediately invested in the American capital markets. Under Rise Up no one can touch these funds not even Congress or the courts.

Now to add a touch of sizzle to its plan, it has devised a way to (1) not only pay benefits under the old plan and make those benefits the floor under which no future benefits can fall and (2) not only to place all payroll taxes into the taxpayer’s personal account but (3) the transition plan will also increase the international trading value of the U.S. dollar. See here.

Rise Up America not only makes the poor and middle-class achieve the American Dream of financial independence it infuses the largest amount of new capital available on the planet -America’s payroll taxes – into the economy to immediately spur and accelerate its growth logarithmically. It also avoids the need for foreign capital in our capital markets. See the Mission Statement for additional benefits.

The change Barack Obama promises is further neo-Marxian confiscation of the personal property of the rich, the poor and the middle-class. He takes from the rich by increased income taxes and by lifting the cap on the payroll taxes. He takes from the poor and middle-class by continuing the imposition of payroll taxes and his and the Democrats refusal to consider personal investment accounts.

Yes we need CHANGE and it is called Rise Up America – not Obamamania.