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Would this be crazy? Workable? Comments please...

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cpamomfromtexas Donating Member (453 posts) Send PM | Profile | Ignore Tue Nov-16-10 10:14 AM
Original message
Would this be crazy? Workable? Comments please...
Tax cuts for wealthy AFTER

True unemployment reduced to "X% "
Manufacturing in US increased to "X amount".

A host of other measurements should be applied to snap back if they kick in and then the unemployment/job loss/manufacturing/economy (whatever measurement(s) required) goes backwards again. Make the ultra wealthy actually work for the breaks. Oh and perhaps a certain percentage of a household's total wealth should be invested in the US in order to qualify. This would need to be certified annually to qualify for any reduced tax.

Why doesn't Obama have a "green jobs fund" we could invest in to create jobs in America? Make Wall Street compete for our 401K money. And let us invest directly, not through a broker that charges us a fee.
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global1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-16-10 10:26 AM
Response to Original message
1. K& R - Now That's Thinking Out Of The Box.......
some good suggestions here. How do we get these ideas into the hands of the WH and the people that can make these happen?
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cpamomfromtexas Donating Member (453 posts) Send PM | Profile | Ignore Tue Nov-16-10 10:50 AM
Response to Reply #1
4. The trick is to make the wealthy loyal to the US-
their wealth makes them loyal to no country as it is.

It pays to for the wealthy fund Faux news and crazy political ads to program the masses now (for tax breaks)--what if we created a system to create jobs, reduce unemployment, CURE A DISEASE not just treat it (what a concept), educate our people, create clean energy, (the list goes on) and hey- while we're at it, create the best country possible?
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gmoney Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-16-10 10:29 AM
Response to Original message
2. interesting
Edited on Tue Nov-16-10 10:30 AM by gmoney
of course, that's not how it works here... "rescue us big banks so we can continue lending money to small businesses and work to keep people in their homes" "Ok, here's your bailout." "Oh, about those promises, well..."

Reward for performance sounds great, and the republics would have a tough time arguing against it, except maybe their standby "uncertainty" complaint.

Not sure having individuals directly investing in the market is feasible, as the brokerages do perform some sort of gatekeeper and administrative functions, and lend some accountability. You're suggesting I send a check to Apple for a few thousand, and they mail me back a stock certificate? That would lead to anarchy, as millions of people who have no idea what they're doing try to buy and sell shares. It would also slow down trading to a crawl, and make the indexes and reporting hugely difficult and unreliable. It would probably open up huge opportunities for scams and corruption. "Yeah, I'm selling shares in Apple-ish Computers! You betcha! Trust me..." The $10/trade fee that discount operations charge is money well spent, I'd say. I'd even argue that it's opened up the markets to individuals who DON'T have huge sums of assets to justify a full-service stockbroker, like in the olden times.
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cpamomfromtexas Donating Member (453 posts) Send PM | Profile | Ignore Tue Nov-16-10 10:44 AM
Response to Reply #2
3. Direct Investment in companies happens already through DRIPS
Edited on Tue Nov-16-10 10:44 AM by cpamomfromtexas
My plan would differ in that it would be a government run mutual fund for the primary purpose of developing jobs and employing our people.

edited for spelling error
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-16-10 11:11 AM
Response to Original message
5. Oh, hell, just STEAL IT BACK
After all, they stole it through tax breaks partially financed on the backs of working people paying double the social security premiums needed to maintain the system. and partially through debt future generations will have to pay off. The only rational response to what they have done to us is confiscatory taxation at the very top to pay that debt down and finance the infrastructure projects that will support the next generation of industry.

If they're allergic to taxes (and what rich man isn't?), they'll have to invest their money in productive projects to escape it instead of playing financial games to keep their numbers increasing year after year. In other words, to avoid taxes they'll have to assume risk.

Throwing vast sums of money at the top has not worked, is not working and will never work. That money now has to be recirculated at the bottom or this country's economy is finished.
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