1. Let businesses who have made bad investments/loans/etc. fail. Others who start new businesses will learn from the mistakes these businesses have made.

2. Tax reform - no more income tax at all. Sales tax only. Pay taxes on what you buy. Doesn't matter if you're in illegal immigrant or Donald Trump. Pay taxes based on what you buy - not what you make.

3. Heavily tax imports. All imports - even imports that are just parts of something actually constructed here in America. For jobs to be created here we need to quit making it so easy and affordable (if you call slave labor overseas affordable) to out-source the labor.

 

This would be a good start imo.

We as a nation were living far beyond our means believing that the growth in our economy would continue unabated. That kind of growth is unsustainable, unless you have a much needed commodity such as oil. Face it, we were living like kings on imaginary wealth.

 

In my opinion, nothing should be done by the government. This correction was unpreventable and much needed. We need to learn to live within our means again. Instead, the government is throwing ridiculous amounts of money at the problem, hoping to bring us back to the 1990's.

Exactly, this has been my stated position all along.

3. Heavily tax imports. All imports - even imports that are just parts of something actually constructed here in America. For jobs to be created here we need to quit making it so easy and affordable (if you call slave labor overseas affordable) to out-source the labor.

 

This would be a good start imo.

 

This is a TERRIBLE idea. The Hawley-Smoot tariff during the Depression did nothing but sink the entire global economy into a state even deeper than before. High import tariffs would not only be a violation of countless trade agreements (including the most basic policies of the WTO) but are an awful idea and would only serve to make this country worse off. In a time in which people are out of work and salaries repressed by the economic crunch, your solution would be to make goods even more expensive? The poorest get poorer as prices rise and development projects designed to get us out of this become unaffordable. The economy is global... and has been for the last century; placing barriers on trade will not help anyone... not the businesses on Wall Street, not the consumers on Main Street and not the workers in Mexican city streets.

4. Here is another one a lot of folks may not like:

Restrict credit. Not just mortgage companies, but restrict the amount of credit the credit card companies can offer. Restrict the amount of credit a person can have for a car loan.

I agree with the above statement that we have spent imaginary money and that the economy needs to correct itself.

5. And one everyone but the politicians will like: We should vote on the pay scale and retirement packages for politicians. The way they are paid for the rest of their lives after serving a minimum of one term.

This is a TERRIBLE idea. The Hawley-Smoot tariff during the Depression did nothing but sink the entire global economy into a state even deeper than before. High import tariffs would not only be a violation of countless trade agreements (including the most basic policies of the WTO) but are an awful idea and would only serve to make this country worse off. In a time in which people are out of work and salaries repressed by the economic crunch, your solution would be to make goods even more expensive? The poorest get poorer as prices rise and development projects designed to get us out of this become unaffordable. The economy is global... and has been for the last century; placing barriers on trade will not help anyone... not the businesses on Wall Street, not the consumers on Main Street and not the workers in Mexican city streets.

 

I'm not going to claim to be a global economist, but the basic premise of my thought is that instead of having a toy made in China for sale that the same toy (with paint and plastic that is much less likely to kill a child) made here in the US would actually create additional jobs. The more work we do here at home, the better in my opinion.

Eliminate capital gains for 3 years. Then have a tiered approach to bring them back in year 4 on a scale. Year 4 say 3%, year 5 at 5%, then cap them at 6% in year 6. I can promise you that $3T setting on the sidelines will flood back into the markets.

Eliminate capital gains for 3 years. Then have a tiered approach to bring them back in year 4 on a scale. Year 4 say 3%, year 5 at 5%, then cap them at 6% in year 6. I can promise you that $3T setting on the sidelines will flood back into the markets.

:thumb:

4. Here is another one a lot of folks may not like:

Restrict credit. Not just mortgage companies, but restrict the amount of credit the credit card companies can offer. Restrict the amount of credit a person can have for a car loan.

I agree with the above statement that we have spent imaginary money and that the economy needs to correct itself.

5. And one everyone but the politicians will like: We should vote on the pay scale and retirement packages for politicians. The way they are paid for the rest of their lives after serving a minimum of one term.

 

I like #4.

One of the things that bugs me the most about these bailouts and stimulous plans is that no one is doing triage before the money is handed out.

 

If you don't know what triage is, you take your injured and sick (companies in this case) and divide them into three categories:

 

1) Those who are likely to live, regardless of what care they receive;

2) Those who are likely to die, regardless of what care they receive;

3) Those for whom immediate care might make a positive difference in outcome.

Eliminate capital gains for 3 years. Then have a tiered approach to bring them back in year 4 on a scale. Year 4 say 3%, year 5 at 5%, then cap them at 6% in year 6. I can promise you that $3T setting on the sidelines will flood back into the markets.

 

I would like to get some opinions on what I stated above.

If this stimulus needed to be voted on by Friday b/c of how dire the economy was and a member of Congress had to be flown in to vote even though his mother had recently died, why did it take so long to get signed by O? Maybe they could have voted on it today so that everyone could have had a chance to actually read it.

I'd start by legalizing marijuana and using that additional revenue as a "bailout".

 

It wouldn't cost us taxpayers any additional money. Chances are we wouldn't have to build any more prisons because the ones that are overflowing would have less inmates due to marijuana related crimes.

 

And those inmates who are being released could head back to the workforce in blue-collar jobs, which fits in perfectly with President Obama's plan to improve infrastructure.

I would build more schools. I would put a cap on school size around 800 per building.( I would hope this would destroy the idea of districts. I would also make all sports apart of community leagues not used by the schools.(sorry if people can not afford, tough) I would also cap teacher pay at 45,000 for Bachelors, 65,000 for masters paid by the tax payers, 75,000 for Rank I and 85,000 for PHD, 95,000 National Certified. and PHD. (Guess which one I have:D)

 

 

Think about this, more school's equal construction equal construction jobs. Schools mean teachers, janitors, principals, and other jobs(sp).

 

Smaller schools equal more one on one education, which in turn means a better product.

 

More educated people educating, what a novel idea.

 

No sports so funding could be used elsewhere, say in the classroom... interesting!

 

All paid for by the U.S citizens. Which in turn goes back out into the communities, which in turn goes back to the citizens.

If this stimulus needed to be voted on by Friday b/c of how dire the economy was and a member of Congress had to be flown in to vote even though his mother had recently died, why did it take so long to get signed by O? Maybe they could have voted on it today so that everyone could have had a chance to actually read it.

 

Excellent point!

I would build more schools. I would put a cap on school size around 800 per building.( I would hope this would destroy the idea of districts. I would also make all sports apart of community leagues not used by the schools.(sorry if people can not afford, tough) I would also cap teacher pay at 45,000 for Bachelors, 65,000 for masters paid by the tax payers, 75,000 for Rank I and 85,000 for PHD, 95,000 National Certified. and PHD. (Guess which one I have:D)

 

 

Think about this, more school's equal construction equal construction jobs. Schools mean teachers, janitors, principals, and other jobs(sp).

 

Smaller schools equal more one on one education, which in turn means a better product.

 

More educated people educating, what a novel idea.

 

No sports so funding could be used elsewhere, say in the classroom... interesting!

 

All paid for by the U.S citizens. Which in turn goes back out into the communities, which in turn goes back to the citizens.

 

 

Intersting ideas. I would start school for kids at the age of 3 too. I know it would be a different set of teachers for 3 year olds w/ different problems, but there are studies saying that if a child hasn't learned how to read by age 5 it becomes a lot harder and they never read at the same level as a child that learned by 4. The amount of people in this country who can't read is staggering.