FERGUSON (2005) NEW REPUBLIC 8/15/ 18-21.

The New Deal part II should be based on the following:

1. Moderate progressive tax.
2. Universal health insurance.
3. Basic income at retirement of 40% of annual income.
4. Intergenerational equity.

TAXES ON:

Retail sales plus rebate to the poor. Tax would be transparent so it would come from estate, dividends, and income.

Workers pay 7.15% of income or of dividends. The fed would invest money in global markets.

Healthcare based on vouchers that are regulated by age and infirmity. Thus, older sicker workers get more than younger, healthier workers.

All of this would be based on Retail tax, plus rebate to indigent.