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Stop printing monopoly money and raise the fed funds rate a few points over the real inflation rate. Cut taxes, especially marginal corporate rates, to the bare bones (this keeps us out of freefall while the dollar recovers), then get regulations that prevent wealth creation out of the way and sh*t can Obamacare, the China Trade Act of 2000 and NAFTA while you're at it.
Do that, and I'll go on record as predicting a dollar nearly as strong as the one we had in May of 1984, eight percent GDP, an inflation rate near zero and unemployment dropping more than three percent, and all this in less than two years.
The level of economic sophistication and understanding here is truly of cockroach proportions.
Don't bother. Seems most people on here are either lobbyists for big business or have been influenced by lobbyist of big business.
Seriously, how many times have you heard the call for increased taxes or regulations in good times or bad? Everyone always wants to contribute less and take more regardless and it seems this is the perfect opportunity to remind people that this is a good policy. It's sad that people actually believe and generalize that regulations and taxes are the reason we are in this mess.
Without getting into the technicalities of taxes, there is a segment of this population that believes government can operate without funding. These people tend to disconnect themselves from reality. (Climate Change, Evolution, etc.)
What do we do when there are panhandlers and homeless people on every street?
Round them up and get rid of them.
Quote:
Originally Posted by Pequaman
Now if the Gov't were to increase taxes by $1 Trillion on $1M+ earners and lower Social Security taxes by 50% on workers and employers, that would yield the most economic bang for your buck and activity.
That would be impossible. Even if you taxed those earning $1+ Million at 90% you'd only pick up about $550 Million.
Clinton also cut capital gains taxes from 28% to 20% and cut taxes on 90% of businesses, which lead to an increase in revenues which ALMOST balanced the federal budget.
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