Suggestion to Make US the Undisputed Economic Kings Again!

Discussion in 'Economy' started by GHook93, Jan 31, 2009.

  1. GHook93
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    GHook93 Aristotle

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    (1) 0% taxation on corporations in American! Look at the wonders the 0 Corporate tax has done for Dubai and look at the wonders the lowest corp law in Europe has done for Ireland!
    (2) Eliminate the income and payroll tax - this would make our small businesses very very competitive. Especially with the folks South of the border!
    BOTH CAN ONLY BE ACCOMPLISHED VIA THE FAIR TAX!
    (3)Appoint an economic czar,
    But it should be someone with proven creditenials (esp one who didn't get caught cheating on his taxes) , such as Buffet!
    (4) Tarriffs
    Selective use of Tariffs for strategic and endangered industries to prevent their loss. I am very shaking in this one because it goes against a lot of what I believe in and I am a very aware of the effect of the Hawley-Smoot Anti-Tariff's effect in the '20s. But it should at least be looked into.
    (5) WTO:
    Withdraw from the WTO. It doesn't benefit us. It creates agreements that hurt us! We should only consider remaining in it, if we can benefit off it. Listen to Ron Paul on this one, "Its not free trade, if it takes away any advantages to the US and gives it all to the other quote unquote trade partners."
    (6) Control our Balance of Trade Deficit. ==> Yes I know easier said than done. But it should an objective not a fantasy!
    (7) International trade Agreements:
    Analyze every international trade deal. Again listen to Ron Paul, "ask yourself does it benefit America? If the answer NO, then either renegotiate it or eliminate it." Currently most our deals do not. Such as NAFTA and CAFTA! Replace Free trade agreement with ones that actually benefit America and Americans. Also use the Duncan Hunter mirror tactics. If a country uses a block against us, then we mirror that against them. China for example has tarriffs and taxes on some US imports to China, yet we have nothing countering it for their goods.
    (8) Outsource Manufacturing and Technology:
    We should attempt to discourage technology transfer and outsourcing manufacturing if it causes us to lose industries. 0% taxation via the fair tax would accomplish this, in conjunction with selective tarriffs and reduced regulations!
    (9) Enforce Illegal Immigration Law:
    Start with the employers, hospitals, sanctuary cities and landlords. Employers pay illegals pennies for jobs that American citizens can do. It hits all sectors of the agriculture, construction and even manufacturing sector. Yes it saves us money at the store, but it also reduces wages all the way around. Hospitals and schools, especially in CA, AZ, NM and TX, give a lot of free services to Illegals and Americans end up fronting the bill. Why are healthcare and education costs so expensive, hospitals and schools like every American business, needs to make up for losses they incure. When we give free healthcare and education to illegals, they are 100% losses on the hospital's and school's books. Look at CA right now the illegal immigrant center! They are bankrupt! Imagine if you paid taxes in CA right now and the CA government gave you an IOU for your return, yet you pay the highest taxes in the nation. It is said that it the CA government cut off all Illegals from healthcare, education, welfare and unemployment then CA would have a budget surplus!
    (10) Energy!!!
    Drill here Drill now. I saw a report that we have more domestic oil reserves than Saudi Arabia, Iran, Iraq and Venezuela, yet we don't tap into it. The high gas prices are bleeding us dry. I know prices have come down, but remember when they were $5 a gallon, it bled me dry. It will go back up sooner or later. Drill in ANWR, drill off the coast lines, drill in UT, NV & WY and drill in the oceans! In the meantime push big time for alternative fueled automobiles that don't run on our food supply (aka no ethanol!). Build more refineries! Build more nuclear power plants. Lastly, but not least, outlaw future trading of oil. This has driven up the price of oil more than the scarcity of oil. To he11 with the free market on oil future trading, its killing us!

    (11) Promote education! Based in intelligence and behavior!
    And educated work force competes globally. It shouldn't start in college it should start when they are growing. The hell with the PC of treating all children the same, when they turn to adults they will find out quickly (as all of us have) that the world treats us based on the merits of your intelligence, drive, personality, looks, friendships and achievements.

    First, No more free education to illegals. Look at CA free education and healthcare has sunk them
    Second, Have schools sectioned off by intelligence and valid scoring system. Give teachers and schools more power to take actions against disruptive students. Teachers and schools should have more power to remove students that are disruptive to children that want to learn. School should be a year round affair. Promote math and science more, giving more credits to this classes as incentive. Teach business in school including introduction to the stock market and world economy. Education is where it starts.

    Here is how my system works. All children go to general schools starting form 4-8, during this time each child in evaluated while in the class room by specialist. At age 6 the children are split into 5 schools. 1st one is for the genius with low behavior problems. 2nd is for smart, but not genius level with low behavior problems. The 3rd is well the not so smart, but low behavior problems. The 4th is good intelligence but behavior problems and the 5th is the no so smart and behavior problems. Obviously there would be multiple schools for each level. Each school would be geared towards the child. Obviously the geniuses would have more math, science etc. And the low intelligence behavior problem would be gear more towards labor and other jobs and have a more military type approach. From 6-8 they are still evaluated and could move either up or down. Them after that they could still move up or down, but not as easily. This would take a whole thread, so I will stop here.

    (12) Curtail subsidies foreign owned companies receive from our State Governments.
     
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  2. Epsilon Delta
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    Epsilon Delta Jedi Master

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    Why don't you run for President?
     
  3. del
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    del BANNED

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    piracy in the arabian sea
     
  4. editec
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    editec Mr. Forgot-it-All

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    Okay, with you so far.



    Okay, understood, nobody pays income taxes, but I'm beginning to wonder how government pays it bills..but I'm still hanging in there with you so far



    Which is a flat tax, right? What rate do you think everyone would have to pay?

    To do what, exactly?

    FYI the Smoot Harley act happend AFTER the depression ensured. It was limited to some trade issues involving agriculture products and Canada. This constant misiformed belief that it CAUSED the dpression is insane, but continues to plague people, anyway. I don't get why people like you don't already know this fact.

    But as to initiating something approaching FAIR TRADE? hey I'm right there with ya.



    YES.

    Agreed. We had very sane and sensible tariff policies for a long long time. No reason we can't do that again.


    Totally. Most of our current trade policies were devised to help us defeat the Soviet Union by giving those nation a good reason to stick with us.

    The workers who lost their jobs paid for us winning the cold war.


    Well, we cannot actually prevnt technolgoy from migrating to other shores, but we can limit who gets to sell into our markets just like we did for 150 years while we were becoming the world's most productive and wealthiest society


    ABSOLUTELY no argument from me on this point.

    Haing a sane energy policy including drilling, greening, helping people become more energy efficient all good ideas, to be SURE.


    (11) Promote education! Based in intelligence and behavior!
    And educated work force competes globally. It shouldn't start in college it should start when they are growing. The hell with the PC of treating all children the same, when they turn to adults they will find out quickly (as all of us have) that the world treats us based on the merits of your intelligence, drive, personality, looks, friendships and achievements.

    If they stay? We NEED to EDUCATE them.


    I could write volumes about what's wrong with edcuation, but this is PART of the problem, to be sure.

    I actually lost a VERY good position in MASS because I believe in homogenius classroom structures.

    You mean like MY TOWN which just gave millions of dollars in tax breaks to a BRAZILAN company? Tax breaks that wouldn't create even ONE job for we locals?

    I got a better idea...hang the bastards to who allow and facilitate this crap.

    I'm dead serious about that, too. I mean hang the fuckers.

    Every one of them is a whore selling out our nation for a pittance.
     
  5. Truthmatters
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    Press TV - Dubai property market 'near collapse'


    "Dubai is more precarious than it has ever been,” said Christopher Davidson, a professor of Middle Eastern affairs at Durham University.

    "If the property industry collapses in Dubai, it will be finished. Dubai's relative autonomy will come to an abrupt end," added Davidson, the author of "Dubai: The Vulnerability of Success.
     
    Last edited: Jan 31, 2009
  6. Truthmatters
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    The Irish economy's rise was steep, and the fall was fast - International Herald Tribune


    The roots of Ireland's fall date to more than 20 years ago, when a clutch of economists, politicians and civil servants put their heads together in this very pub and planted the philosophical seeds for the Irish economic miracle.

    Known widely as the "Doheny & Nesbitt School of Economics," these beery musings soon became government policy that chopped taxes in half, sharply reduced import duties and embraced foreign investment — a radical transformation that gave birth to the Celtic Tiger and perhaps the most open and vibrant economy in Europe.


    You see it works for a while and then collapses, its not a good long term plan.
     
    Last edited: Jan 31, 2009
  7. Gord
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    Gord Active Member

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    Optimism and Pessimism

    The wrong approach to solving a recession is to look at it as an economist. To get a more realistic perspective it is necessary to look at this recession as a trader. A trader realizes that to understand the market he is trading he must also understand the emotions of that market. The market operates on the principle of fear and greed. Fear drives it down and greed drives it up. When all greed has been fulfilled the market turns to fear. And when fear has been exhausted it turns to greed. The economy also runs on its own version of fear and greed - optimism and pessimism. Optimism drives it up and pessimism drives it down. When the people are pessimistic they stop consuming, investing, opening new businesses, and generally avoid risk. Only when pessimism has been exhausted can optimism return to push the economy up again.

    The Great Depression

    There is no sure-fire economic formula to fix recessions. Ebbs and flows in the economy are caused by the overall emotions and expectations of the populous. The fall into the Great Depression was the response to a combination of events and policies that resulted in a populous without optimism. People ceased to take risks, spend money and took on an attitude of survival, not prosperity. When a market is seized by fear it falls precipitously. When an economy is seized by pessimism it does the same. FDR could not rally the people out of their malaise until they rallied to win WWII. The enthusiasm to win the war was what ended the Great Depression. It was the will to fight and win that turned pessimism into optimism. The mechanisms to supply the war were mostly irrelevant. If FDR deserves any credit it is for rallying Americans to defeat Germany and Japan. But if it had not been for the war coming along some other event and/or leader would have eventually led the people out of their malaise. It was not because of government spending on the war that the recession ended, but in spite of the spending, because Americans were enthused and optimistic again. That is what carried the prosperity beyond the end of the war.

    Today

    It is no different today. The populous is depressed. Government spending will not rally their optimism. The media and politicians are the biggest enemies of recovery with their pessimistic messages. Barack Obama is talking down the economy telling everyone to be pessimistic with trillion dollar deficits for years to come. This is a big mistake that will only send the recession deeper. Better to say nothing at all than to play on the public's fears. And of course the media is ever eager to spread the news of misery and pain. What is needed right now is a leader that can give the populous an optimistic purpose - a reason to work hard, invent, invest and spend - that will turn around this recession. Obama should be proclaiming confidence in the American people that they can turn this recession around, not what he is doing - conveying that only government can fix this problem. Most Americans don't believe the government can.

    Government Interference

    As Paulie said in another thread, time on its own will eventually solve any economic problem because creativity and ambition is slowly pent up in the populous until it overflows into optimism. Government interference through massive borrowing and spending and interference in the economy as FDR did in the GD with higher taxes on the wealthy, wink and nod anti-competition and pro-labor policy, tariffs, sweetheart deals with selected industries, and a massive increase in the size of government can only deepen the overall depressed attitude of the people and hinder a recovery. The public knows that the government is only adding to debt and taxes that will need to be paid at a later date. It is always counterproductive. The only artificial stimulant that the government can perform is to get out of the way by cutting taxes, cutting regulations, and cutting spending so that the populous can regain its confidence. Without optimism no economic approach can be a failsafe solution.

    Government Must Promote Optimism

    To help encourage the populous to turn from pessimism to optimism tax cuts should be introduced that specifically target the areas of the economy most hurt by the recession. Also in those areas regulations should be eased to maximize efficiency of the application of the tax cuts and give them some breathing room until they can begin to work through the system. And to reduce the impact of the initial reduction in tax revenue, government spending (excluding security and defense) should be equivalently reduced (eventually the tax reduction will more than pay for itself as was the case with the tax cuts imposed by JFK, Reagan, the Contract with America, and W). These measures can help turn the pessimism of the populous into optimism. FDR proved the opposite - that massive government intervention only prolongs the pessimism and the agony.
     
    Last edited: Jan 31, 2009
  8. Truthmatters
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    Link?????
     
  9. RodISHI
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    RodISHI Gold Member

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    I'm with ed on this one.
     
    Last edited: Jan 31, 2009
  10. Gord
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    Gord Active Member

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    Link for what?
     

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