There will be a decline in the prices of premiere real estate in major American cities. The Saudis and the Chinese are extremely cash strapped and have been liquidating their investment portfolios in the West. Unfortunately the sell off reflects a withdrawal of large amounts of capital from the US economy. The economy in the US, already on a shaky foundation of borrowed, printed money, Federal reserve gimmickry and an anti capitalist Obama administration, will decline further.
1. Eliminate ALL corporate tax.
1a. Eliminate ALL depletion allowances and depreciation allowances.
2. Eliminate ALL current IRS regulations.
3. Set the individual tax rate at 10% regardless of income.
3a. Perquisites at taxed at 10% of cost.
3b. Withhold at the rate of 11%, to get a refund you have to file taxes, but there is no legal imperative to file.
4. Tax ALL money coming into the country at 0% (yes, ZERO%).
5. Tax ALL money leaving the country at 10%.