Free Republic

To pay off the ~$21 trillion dollar federal debt, which amounts to about $60,000 per American, it is probably necessary to have annual federal wealth taxation. It is best to introduce the federal wealth tax when asset values are high, so a smaller percentage of rich people's assets have to get taxed to pay off the national debt. The tax might be levied upon the total of net personal property financial holdings and the equity in real property. The rates might be: 1% on the equity in real property habitually resided in by the filer(s), 2% on the equity in...

This is what needs to happen. The government should sponsor a "americal idol of innovation" contest, that is broadcast nation wide and has a $100,000,000. prize for anyone that can create a energy solution that does the following: (please feel free to add to the list) Creates fuel that runs in existing cars without retro fit. Creates a solution from an overwhelming abundant resource that does not require a company to produce. Or Can be created at home with less than $100.00 of parts Is clean burning, Can be posted on the internet for people to test and report in...