Change is the only true constant in the world. As such, it is only natural that political positions may change when exposed to the people. Through constant discussion with folks online and offline, good points get me thinking about some of the plans I initially laid out. Thus, like software, I updated to reflect my new awareness.
Some might think this makes me a flip-flopper. They point to other candidates to show how steadfast they remain, even in light of solid evidence against their policies. That's just bad leadership. It's totally fine to have a bad opinion that can change with evidence; it's not ok to say your tax plan is amazing and will still generate billions when most every tax organization analyzing your plan can't figure out any way said plan prevents even larger deficits. A real leader sees potential, comes to grip with reality, and changes. This is where strategy and tactics intersect, where policy and reality meet.
Plus there is just some new information to share!
- Added paragraph on Ted Cruz's tax plan.
- Added comments to the Capital Gains/Dividends section to clarify differences between the rates given there and Universal Investment Accounts.
- Raised capital gain rates on Universal Investment Accounts for yearly growth over $100,000 from 13/15/18% to 15/20/25%.
- Adjusted carried interest tax rate for under $250,000 from 20% to 25% to bring it in line with personal income rates.
- Raised rates on qualified dividends from 0/10/18% to 10/20/28%.
- Changed the elimination of capital gains for those employed in a full-time job down from $250,000 to $100,000. This is done to push for the Universal Investment Account idea even more. The majority of Americans should partake in UIA's versus traditional investment vehicles offered by various brokerages.
- Edited some sentences here and there for better flow.
- Broke the page out from one massive wall of text into multiple sections. The original wall of text was part of the "speech" I had written back in Spring 2015.
- Added text and links to studies done by the National Bureau of Economic Research concerning the cost of "me-too" drugs. In short, they cost taxpayers billions.
- Updated the section on DoD/VA electronic health records to discuss the EHR systems chosen by the DoD over the summer and the impact such billion dollar contracts will have. Interoperability is a "high risk" problem according to the Government Accountability Office, with delays in treatment, wasteful spending, wasteful man-hours, and more resulting from the DoD and VA not working together.