Some suggestions

2 posts / 0 new

We need another stimulus program.

We should forget about the deficit and work on jobs. Plenty of time to work on the deficit after that. The gun issue while important should be ignored until the job problem is solved.

1) We should increase tariffs. This would encourage business to make things in the US. It would bring in revenues that would allow reducing the debt and increasing working class deductions. It would get people off welfare.
2) There are many things we need in the US that aren't made here. The government should open and run factories to make TV's, Computers, and appliances. It would take a while to get off the ground but it would provide jobs from day one. Once up and running the profits could be used to reduce the debt.
3) The banks are sitting on a lot of money they should be nationalized with appropriate compensation to the stockholders.
4) The retirement age should be lowered to 60.
5) The cap on social security taxes should be removed.
6) Business expenses deductions for moving a job out of the US should be ended. Today moving expenses can be deducted regardless of destination.
7) We should go to medicare for all.
8) The first 10,000 in money dividends from stocks should be tax free anything above that should be taxed as ordinary income. Stock dividends should be taxed in the year given at strike price.
9) A 1/4% tax per stock trade should be enacted to discourage speculation.
10) The US should close all military bases in Europe and the middle east after a 2 year notice. The Europeans can afford to defend themselves.

sbtbill's picture
sbtbill
Joined:
Jul. 31, 2007 3:01 pm

Comments

Excellent ideas. Thom has mentioned some of these but not all. Not so sure about government run computer and TV building. The problem with electronics assembly is that it is very tedious work and better done by robots. A lot of things could be done by robots.

My additional and very controversial solution is to pay everyone a stipend. Those who want more can take on a job and create a business which is another thing is to help rather than block people who want to start their own business. Libertarians and Righties complain about too many regulations and actually there are but the problem is we have no mechanism to get rid of outdated and obsolete laws that add to regulation. Perhaps a rule that for every new law to be passed two need to be retired would be a good idea. As for funding the stipend some folks have already worked that out and you can find them by searching on "stipends for everyone."

captbebops's picture
captbebops
Joined:
Jul. 31, 2007 3:01 pm

Currently Chatting

The Death of the Middle Class was by Design...

Even in the face of the so-called Recovery, poverty and inequality are getting worse in our country, and more wealth and power is flowing straight to the top. According to Paul Buchheit over at Alternet, this is the end result of winner-take-all capitalism, and this destruction of the working class has all been by design.

Powered by Drupal, an open source content management system