https://patrioticmillionaires.org/w...merica-250_-The-Money-Agenda-Exec-Summary.pdf https://patrioticmillionaires.org/perspectives/america-250-the-money-agenda/ Comprised of four powerful, mutually-reinforcing ideas, The MONEY Agenda: America 250 will permanently stabilize the economic lives of working people, stimulate wide-spread economic growth, and ensure prosperity and stability for America’s next 250 years. The “COST OF LIVING” TAX CUT Act Provides a Cost of Living Exemption (COLE) on federal taxes equal to the median cost of living for a single adult with no children (approximately $41,600 per year); Shifts responsibility for those revenues from the working class to the millionaire class, through a millionaires surtax of 3% on income over $1 million and 8% on income over $10 million. The “COST OF LIVING” WAGE Act Raises the federal minimum wage to the median cost of living for a single adult with no children (currently $41,600 per year/approx. $21 per hour) and indexes it; Protects American workers against the impending disruption of automation and AI by ensuring that every full-time job pays at least enough to support a single individual. The EQUAL TAX Act Equalizes tax rates for capital gains and ordinary income over $1 million, ending the preferential treatment of capital over labor while maintaining a benefit for small investors; Closes the stepped-up basis loophole, disrupting the “buy, borrow, die” strategy used to minimize/eliminate the tax obligations of the uber-wealthy. The ANTI-OLIGARCH Act Phase 1 prevents further wealth concentration by implementing significant taxes on the intergenerational transfer of wealth, on large sums of trust-held wealth, and on the true economic income of America’s ultra-rich; Phase 2 dismantles the existing American oligarchy by taxing the wealth held by the ultra-rich sufficiently, including amending the Constitution if necessary. Rocket River
