Economic policies to revitalize the United States

Joe Biden has asked for alternatives to the present 'American Jobs bill' or the investment package that has 2/3rds of pork in it. Rather than allot certain amount of dollars here and elsewhere, I intend to answer the President by outlining a strategy of what we should do with the money, and how we can encompass a strategy that would boom the economy.

Our current GDP is that of 22 trillion, by comparison the US Debt is at 28 trillion dollars. The issue is relatively simple: Either lower the debt than the GDP(IE: Cut it from 28 trillion to 21) or raise the GDP to 29 trillion.

As an independent, I have always firmly rejected the philosophy that taxing the dollars in circulation(be they of the rich or not) would be sufficient for lowering the deficit. Since we as a country look at cuts only at best in A: times of austerity and b: as a means of last resorts. That means by default, we must look to ways to increasing our gross domestic product.

Let me repeat: A high or low tax rate is irrelevant. You could tax them 60% and the only thing that'd do is to essentially short-flatten the economy. We want the economy to grow and expand, not flatten.

Solution #1: Install a 15% universal flat tax.
Because the US tax code is so overly complicated, the American taxpayer is already losing money anyway in regards to filing the taxes. So the idea that they aren't getting their fair share is lost, because they're losing money to an outdated and overly complicated system to begin with.

So let's end the problem with a universal tax around the board. 15% is fair. It's sizable enough that it will fund the government, and it's small enough that 85% of our universal income remains in our possession.

Taxes aren't a massive part of my strategy, but the universal tax code is a part of it nevertheless.

Solution #2: Eliminate student loan debt/credit debt

The average student is at least 38K in the hole and the average credit card user is 6k in the hole(the student who actually has a credit card then is 44K in the hole before they're like what, 20?)

So let's wipe the slate completely. The total debt at present amounts to essentially 2 trillion dollars. That would be around 10% of our current debt. Such a massive debt forgiveness program would allow us to expand the economy greatly.

Solution #3: Raise the retirement age to 70/re-organize social security and medicaid for the 21st century.

There's way too many people on social security and medicaid, the overt demand on the system has caused the system to be financially insolvent, but it also has caused taxpayers to put their money into a black hole from which there's no escape. Instead, what I propose to do is to raise the retirement age to 70. In it, we can have a secondary system of a 'partial retirement' wherein someone can retire at the atypical 66-67 ages, but not gain full benefits(but some) until the full retirement age of 70.

By raising the retirement age, that in of itself will relieve some pressure. But I also want to reorganize social security and medicaid into a 'prioritization' system. And it'd go something like this:

Green: Those who are to immediately receive their benefits are first in line and to be removed from the system as their benefits are received.
Yellow: Next in line, the ones to be processed after the Greens as they become the new Greens.
Red: Last in line, these would be the younger adults in the age group, who will eventually become Greens in like 2-4 decades.

By reorganizing and eliminating the cogs that are cogging up our public systems, the public debt will be reduced and our money as private citizens saved.

Solution #4: rebalance the equation of workers/consumers and entrepreneurs

Solution #4 is my biggest undertaking yet, it is my life's work for the United States. I hope for it to be fulfilled in some fashion. The biggest reason for our debt/deficit problem is because we had become a consumer economy. 90% of us are consumers to varying degrees and 10% if that are entrepreneurs. 90% of us are workers and 10%(maybe even lower) actually own a business company of some sort.

I intend on the other hand for a massive program that involves training on how to open a business and how to sustain a business, and to inject capital into start-ups. The more we can increase and sustain new entrepreneurship in America, the better. Likewise, I want to promote higher wages for all workers, not just the bare minimum. So as more workers become entrepreneurs, that will leave a natural void to fill. That void will be filled by the underpaid workers who will now have to take higher positions.

And as they take higher positions, the new generations of Americans will take the entry level positions, and so forth. By making more Americans capable of self-generating wealth and production, our productive capabilities will increase several times fold.

In conclusion, I plan to increase our economic capacity by several means of efficient adjustments. Be it adjusting the tax rate to acceptable levels for all, or adjusting the retirement age or adjusting our spending habits to spend as an investor rather than just a consumer. I intend to tackle macro economic problems, rather than tax levers and calling it a day.