How to fix the economy

[gunsq]

Subject: HOW TO FIX THE ECONOMY
Disclaimer: This came to me via e-mail



This is from an article in the St. Petersburg Times Newspaper on Sunday.

The Business Section asked readers for ideas on "How Would You Fix the Economy?"

I think this guy nailed it!

Dear Mr. President:

Please find below my suggestion for fixing America 's economy.

Instead of giving billions of dollars to companies that will squander the money on lavish parties and unearned bonuses, use the following plan.
You can call it the Patriotic Retirement Plan:

There are about 40 million people over 50 in the work force.

Pay them $1 million apiece severance for early retirement with the following stipulations:

1) They MUST retire. Forty million job openings - Unemployment fixed.

2) They MUST buy a new American CAR. Forty million cars ordered - Auto Industry fixed.

3) They MUST either buy a house or pay off their mortgage - Housing Crisis fixed.

It can't get any easier than that!

If more money is needed, have all members of Congress and their constituents pay their taxes...

[gunsq]

Could just ask for volunteers.

[gunsq]

Thereby increasing the employment demands, increasing salaries.

Wanda the Faye said:

Sounds pretty good,....simplistic, but good...with the exception of #3 since many people either already have a house or have paid it off by age 50.

He did miss a benefit though....by retiring early, the travel industry would see a boon as some of these people would surely enjoy going places since they are still young.

[Timothy Platt]

I have a habit of swiping pictures that I like. I was very interested in this chart that shows the top tax rates were once 91%. It is interesting to note a rising national debt is associated with decreasing taxes. Republican rhetoric appeals to our emotions, particularly - greed; A substantial tax increase on the wealthiest Americans would be the best stimulus package.

Just think, taxation at 70-96% on the wealthiest segment is, for all intent and purpose, socialism. America functioned as a socialist nation for nearly all of the 20th century. Reducing taxes in the 1920s led to the Great Depression of the 1930s; and Reaganonomics in the 1980s eventually led to the current economic crisis.

[gunsq]

I just love the irony of history.

Timothy Platt said:

I have a habit of swiping pictures that I like. I was very interested in this chart that shows the top tax rates were once 91%. It is interesting to note a rising national debt is associated with decreasing taxes. Republican rhetoric appeals to our emotions, particularly - greed; A substantial tax increase on the wealthiest Americans would be the best stimulus package.

Just think, taxation at 70-96% on the wealthiest segment is, for all intent and purpose, socialism. America functioned as a socialist nation for nearly all of the 20th century. Reducing taxes in the 1920s led to the Great Depression of the 1930s; and Reaganonomics in the 1980s eventually led to the current economic crisis.

[Alendar]

There was concern over the fact that people are buying foreign cars with the cash-for-clunkers, but by making it mandatory that people buy American is the same as putting a tarriff on foreign cars, which is a declaration of a trade war. Trade wars, to my memory, always end badly for both sides.