Silhouette
Gold Member
- Jul 15, 2013
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- #121
It shouldn't be a question of automation vs. manual labor. The fact is that there are millions of Americans who are willing to work, yet are unemployed.
There has to be something that these people can do to be productive and create wealth. People are far more complex and productive that machines. We are suffering from a huge waste of resources by not employing these people.
The fact is that the wealthy just aren't interested in investing and creating jobs for these people.
Here's a plan:
The government should start a $10T, 5 year infrastructure and R&D stimulus program AND they should raise the maximum tax rate to 75%.
The $10T spent will go to consumers stimulating demand. Company profits will soar - so the wealthy will still continue to be wealthy despite the high tax rate.
The government could then use the increase in revenues to pay off the national debt.
It's kind of like having the government just print money to pay it's debt, but instead the money would be filtered thru the economy first.
The wealthy will fight that tooth and nail. [See my last post for why that is]. Mandating the rich step in to save our country is like asking a muslim to denounce Allah on the public square in Tehran.
I get that you want to loosen up all that wealth being hoarded right now. How about this idea instead?: http://www.usmessageboard.com/curre...o-the-economy-without-hurting-capitalism.html