Released on = August 23, 2007, 10:41 pm

Press Release Author = Ownership Society Institute,/Dick McDonald

Industry =

Press Release Summary = Republicans Want Tax Cuts, Democrats want Entitlements -
They can have more of both under "Rise Up" - and that is big news. In Dick
McDonald's NewFREE e-book which you can download at
www.riseupeconomy.com/freebookrequest.html he explains how we can enact the biggest
tax cut in American history and at the same time solve our Social Security/Medicare
funding dilemma thereby assuring the retirement security of older Americans. He
explains and demonstrates how under his Rise Up Theory of Economics Republicans get
a huge tax cut for the American people and an enormous infusion of funds into the
capital markets to fund new businesses, innovation and new jobs while at the same
time Democrats get the poor and middle-class a pool of capital to invest and grow
into millions ( that they own personally) as well as a tax cut that favors the poor
and middle-class. What the Trickle Down Theory did for the rich, Rise Up does for
the poor and middle-class.

Press Release Body = Chatsworth, CA August 24, 2007. Author Dick McDonald makes
the case that both Republican and Democrat voters (96% actually) want their parties
to address and solve the Social Security/Medicare funding mess that the politicians
are ignoring. They want it done now. The voters DO NOT WANT benefits cut or more
taxes imposed to pay for the failures of past Congresses to adequately fund these
entitlement programs. Their kids do not believe those benefits will be there for
them when they retire, The problem is that neither party wants to cut the size of
government and return any power or money back to the people - they want all the tax
revenues so they can pay partisan favors. Dick McDonald develops a plan that would
do the "people's business". By cutting the national tax load almost in half and
reducing the country's annual budget by half, the needs of the American people are
served.
Under Rise Up, the average household earning $40,000 a year would end up with a
$3.2 million nest egg at the end of a 40-year working life and a $28,000 a month
retirement check. (2007 dollars) McDonald provides detailed schedules on just how
that works. See the tables at www.riseuptheoryofeconomics.com Under the old
Social Security there is no nest egg created - just a paltry monthly check until
you die. McDonald asks how can a nation invest 15% of the income of its workforce
for 40 to 50 years and the workers end up with no "investment" whatsoever? On top
of that If you believe the economists, there will be no monthly retirement check
either. Remember today those checks just average over $1,000 a month - just enough
to avoid starvation. The people want a change and it is up to the American public
to ask their politicians why they cannot adopt Rise Up.
McDonald, a lifelong \"tax man\", first as a CPA for an international accounting firm
and then as a tax shelter promoter, turns his focus and energies from helping the
rich save taxes and get wealthy to helping the American worker become rich.. For ten
years he prepared J. Paul Getty\'s personal and trust income tax returns. His plan
warrants your attention.
In his book McDonald exposes why the poor and middle-class seldom have enough money
to retire on. The reason he explains is that they never acquire a pool of capital to
invest in the American economy and benefit by its growth and built-in inflation. In
the \"Rise Up Theory of Economics\" McDonald gets them that pool of capital and does
it with their own earnings. Instead of forfeiting the ownership of the 15.3% of
their lifetime earnings paid to the government in the form of payroll taxes,
McDonald suggests that those monies be invested during an American\'s working life in
a PERSONAL INVESTMENT ACCOUNT which will grow into a million-dollar nest egg OWNED
by the individual worker. CONGRESSMEN AND SENATORS HAVE these \"personal accounts.\"
WHY NOT ORDINARY AMERICAN TAXPAYERS?
UNDER RISE UP, THE GOVERNMENT WOULD GUARANTEE THAT ALL BENEFITS PAYABLE TO RETIREES
UNDER THE OLD SYSTEM WOULD BE HONORED. THERE WILL BE NO DANGER THAT PENSION CHECKS
OR MEDICAL BENEFITS WILL BE CUT; IN FACT DEPENDING ON THE SUCCESS OF RISE UP THEY
MAY BE RAISED.
Enacting Rise Up legislation is what ordinary Americans want. Congress has made the
excuse there is little discretionary room in the budget because of \"mandated
entitlements.\" Rise Up replaces mandated entitlements. It eliminates that excuse.
Get Dick McDonald\'s new e-book \"Make the Poor Rich and America Wealthier\" FREE by
clicking www.riseupeconomy.com/freebookrequest.html


Web Site = http://riseupeconomy.com

Contact Details = CONTACT
Dick McDonald, Managing Director
Ownership Society Institute
9662 Jumilla Avenue
Chatsworth, CA 91311-5610
www.riseupeconomy.com
Tel 818-998-6800
Fax 818-998-6700
E-Mail DMcDonald3@socal.rr.com