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    Genius Act
    Genius Act
    Genius Act
    Ebook130 pages1 hour

    Genius Act

    By DeAngelo Parker

    ()

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    About this ebook

    The Genius Act aims to provide a blueprint for the creation of a New World economy. It was originally intended to be presented to Congress to be enacted as a legislative act that would provide solutions to all of the 21st Century's socioeconomic problems. While legislative is still a viable option I hope that some of the economic and tax reforms discussed are developed into new industries. I hope that the Genius Act will spark a movement that will create a new economic paradigm of wealth generation. It will boldly introduce the "Trickle Out" economic theory that will create a nation of "Genius Society" millionaires and captains of industry to rival the Industrial Revolution. By creating technological innovations like the Water GRID and GENIUS ID we can create an economic New World.
    LanguageEnglish
    PublisherLulu.com
    Release dateFeb 23, 2015
    ISBN9781312943131
    Genius Act

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      Book preview

      Genius Act - DeAngelo Parker

      Genius Act

      The Genius Act

      Created By

      DeAngelo A. Parker

      Copyright © 2015 DeAngelo A. Parker

      All Rights Reserved

      No part of this publication including LOGO can be reproduced in any way, in part or completely without written consent of the copyright holder

      ISBN: 978-1-312-82828-5

      Introduction

      Originally written as potential legislative Act, The Genius Act, provides a loose guideline to redeem America’s economy to model of excellence status that it has maintained throughout most of its history.

      The purpose of the Act shall be as follows:

      To broaden the Treasury’s tax base by reforming the tax code to allow for the easing of the tax burden forall who are engaged in new and emerging job classes designated under this Act. It will lower the income tax burden for corporations and individuals covered under The Genius Act. The Genius Act will also introduce new consumption taxes that will pay for the reduction in taxes that it aims to achieve. Lastly, it aims to lower government obligations and outlays to ensure a prosperous future.

      These job classes covered under The Genius Act include:

      Military personnel to include all new volunteers in intelligence, linguistics, and all air combat controllers.

      Education personnel including all new teachers and professors in the fields of science, math, and medicine. Visiting professors of extraordinary or genius of field merit shall be granted special provisions in tax relief.

      Master farmers and agriculturists who can provide genius knowledge to increase the nation’s Growth Food output.

      New energy development personnel including new energy technology development in fossil and traditional fuel methods.

      A newly created job class of certified tax consultants to be regulated by the Department of the Treasury.

      Law enforcement personnel including all personnel created by the Alcohol, Tobacco, and Firearms (ATF) Authorization Act created by the Genius Act.

      Infrastructure workers at federal and state levels and port workers, merchant marines, and longshoremen.

      Manufacturers who repatriate jobs back into the United States and whose products are at 80% made and assembled in America.

      Employees of the Genius Security Administration who will be responsible for implementing a new social service sector that will eventually replace the Social Security Administration and other government entities.

      All jobs created and funded by this Act will be subject to a new progressive tax rate schedule that will spur exponential growth in all sectors as well as support and auxiliary businesses that will be created. Coupled with a higher minimum wage and higher wages earned by those who are currently hidden in the shadow economy becoming fully engaged taxpayers this Act would become the model for debt and deficit elimination not just reduction.

      The Genius Act morphed into a concept for a Utopian capitalistic society for an increasingly social 21st Century America. Like our ancestors who set off on voyages to discover the New World The Genius Act aims to pay that opportunity forward equally and create a true Genius Society.

      Look What We Would Create!

      1 Million New Corporations

      33 Million New Jobs

      $33 Trillion of New Wealth in the Worldwide Economy

      $1 Trillion of new government spending over the 10 year life of the program

      $9-13 Trillion in New Tax Revenue

      The federal government will also have the option to apply these new progressive tax rates to all jobs created in all classes for a specified period of time in order to provide incentives for job growth. The recommended period of time for this extension of benefits would be limited to two calendar years. The recommended time period for Genius class jobs tax favored status would be no less than 5 years. Along with the creation of the Genius Security Administration to reduce the federal government’s future obligations by 50% or more we can eliminate the possibility of any fiscal, monetary, or economic crisis in the future.

      The Genius Act© Tax Reforms

      The Genius Act will create a new simplified tax rate schedule for all jobs created or funded by the Act. Employees of corporations created by the Genius Act would be granted to exclusive tax favored status under the following revolutionary programs:

      Creation of the Medical & Retirement Savings Tax to replace Social Security & Medicare payroll taxes for employees and employers. Work income would be reported on newly created W-2GE

      Creation of a Genius Tax Rate Schedule for all income received by Genius status taxpayers including retirement plans, capital gains, dividend and interest income. Income tax rates would be lowered but deductions would be limited to cover budget shortfalls.

      New corporate tax rate schedules for Genius class job creators to spur economic activity through increases in hiring and production output

      Creation of new National Retirement Savings Accounts and a modified Retirement Savings Credit for Genius status taxpayers.

      Introduction of Vice Tax initiatives to produce revenue by decriminalizing behavior that has become a burden on the criminal justice system.

      The Genius Act Jobs Creation Bills

      The Genius Act shall create provisions for several Jobs creation Bills that will be presented to Congress for funding. Congress would then authorize the creation of a cabinet level position to be called the National Jobs Czar. The Jobs Czar along with a newly created Deputy Secretary of Treasury for Workforce Innovation will oversee implementation of several ground breaking programs.

      These revolutionary programs if implemented fully would cure the ills of long term unemployment and provide measures for negative unemployment or full employment plus in the foreseeable future.

      These Jobs Bills would include the following:

      Creation of the first national Water G.R.I.D (Gathering Removal Inland Distribution) system to decrease the harmful effects of hurricanes and super storms on America’s coastlines.

      The Prison Reform & Reconciliation Act to create "Genius Wage Jobs for non-violent felons to have working wages while they serve their sentences and obtain skilled trades before their release back into Society.

      The Farm Aid of 2013 would fund the creation of the Master Growth Food Project as well as the Goodwill Farming Project to develop new food sources through the use of alternative energy sources to grow food on federally appointed lands and military bases.

      The Military Reassignment Jobs Act to train veterans and honorably discharged military personnel in newly created job classes of Agricultural Engineers and Energy Engineers. Combat veterans will be given preference in receiving transition jobs through the Army Core of Engineers.

      The Repatriation of Manufacturing Jobs Bill for multi-national corporations who reinvest in new manufacturing jobs or new products that are more than 80 percent made of American made parts. This would include an Alternative Energy and Hydroponic Growth Provision as a joint venture with the Department of the Interior, Environmental Protection Agency, and the Department of Agriculture to accelerate the use of indoor growth facilities and spur investment in new energy technology.

      Creation of the Certified Tax Preparer program with the Department of the Treasury to subsidize the cost of Income Tax preparation for nearly all taxpayers who use nationally trained tax preparers.

      The Genius Wage Reform Act to raise the minimum wage to at least $9.00 per hour while decreasing payroll tax liabilities or the most vulnerable workers to increase their spending power to perpetually stimulate the economy.

      Social Changes to Create a Genius Society!

      The Genius Act will pursue a progressive agenda through legislative and social programs that will create the greatest generation in American civilization: The Genius Society. Similar to FDR’s New Deal or LBJ’s Great Society the Genius Act aims to fast forward America on a new path of greatness through the implementation of various initiatives including:

      Voting Rights Act of 2013- Legislative act that if implemented would make the first Tuesday of November not the first a National holiday to allow for voting on all federal and state referendum initiatives. The law would also include a mandate for National same day registration in all states to increase voter turnout.

      Welfare Reform Act of 2013- Legislation to allow states to require unemployed recipients of state and federal assistance to be required to perform volunteer service of 20 hours per month and to be recertified bi-annually with exclusions for elderly, disabled, student, and veteran recipients.

      America Bikes Program- Wellness program designed to encourage healthy lifestyles by sponsoring an initiative of using celebrities and athletes to promote bike riding for children and adults for daily exercise and offering tax credits to bicycle manufacturers and on bicycle purchases.

      Food for Guns- Social program sponsored by the Department of Agriculture

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