Equalizing Prosperity

In the United States of America, citizens are all too familiar with the two sided economic stances of the major parties, with labor unions and the public sector the favored child of the left, and corporations the darling of the right. And still, after nearly five decades of these policies, there still has yet to be a government which champions the valid proposal of a universal and flat tax, which the National Alliance Foundation firmly believes in.

Feeding the corporations might create a meager sum of jobs in the nation, but it scarcely assembles enough to add a large period of economic plenty to the national markets, thus staying the country in a limbo of inaction and uncertainty. And while jobs within the public realm seem worthwhile in the short run, they have a tendency of damaging the economy further as taxes are drawn from the people to provide for their salaries.

Possibly the most positive element to a flattened tax system would be the removal of the lower income individuals almost completely from the tax brackets in America. Because a universal rate would remove the proportional differences from the amount of tax levied on different income levels, poor and lower middle class would no longer have major stake in tax levels, adding to their overall financial security.

For larger income drawers, the system would help by leaving them with more funds to lend and invest in the markets, benefiting the middle class college graduates and small business owners who are trying to hold unto their personal share of success in the capitalist pool. In a day and age when our largest obstacle to more prosperity is the unwillingness of financial institutions and wealthy citizens to make secure loans to the younger generations, the economy needs a stimulant to help its markets rejuvenate its statistical potency.

Already in several other countries, including the power-brokering state of Russia, flat tax rates have worked tremendously, dragging the nation from a near dead zone at the start of Boris Yeltsin's presidency to yearly growth of 9.5% in 2009. With similar growth in the United States of America, businesses would begin lending and purchasing inventory much faster, pushing the markets out of the recessions abyss and into a more stable, job friendly economy.

Showing this sort of leadership might be difficult for the dusty halls of Congress, yet it is the precise remedy to our slowing national economy. No longer should the capitol act on ideology; it must move to save the futures of Americans in this generation and the next.

Andrew Rimmer

National Alliance Vice President for Communications