How Would YOU Fix The Economy?

[Kuronin]

The economy doesn't need fixing. It's government that caused the problem and is making it worse.

 

The reality is that we follow a 60 year cycle of boom and bust. Sure there are peaks and valleys along the way but the larger cycle is what must be dealt with and prepared for.

 

Another point is that when the economy retracts like it has, government doesn't. Spending in the market has decreased bringing about a decrease in tax collection. When an individual suffers a decrease in income there must be an appropriate decrease in spending otherwise the balance sheet fails.

 

For some reason, government thinks that it's just fine to print more money when tax collections decrease so they can go about spending more money. Printing more money simply devalues the current dollars in circulation causing inflation. Government believes that by selling debt at today's dollar and paying it back with devalued dollars in the future is a fine way to do business.

 

The sad part is that this game of dollars does nothing to help the citizens which bear the brunt of the inflation. In fact, the only two times this game has been played resulted in the collapse of the economy of Zimbabwe and the Weimar Republic.

 

Those that fail to understand history are bound to repeat it.

 

Ohhh I get it.... so we should open orphanages for lost kittens!

[LoArmistead]

Elaborate

 

EDIT: If you are talking about what I would do to stem the tide of illegal immigrants, my answer is nothing.

 

For lack of a better way to word it without sounding like an butthole, I'll yield the explanation to Saint Milton Friedman, who always had a knack for eloquently getting sensitive points across:

 

If you have free immigration, in the way we had it before 1914, everybody benefited. The people who were here benefited. The people who came benefited. Because nobody would come unless he, or his family, thought he would do better here than he would elsewhere. And, the new immigrants provided additional resources, provided additional possibilities for the people already here. So everybody can mutually benefit.

 

But on the other hand, if you come under circumstances where each person is entitled to a pro-rata share of the pot, to take an extreme example, or even to a low level of the pie, than the effect of that situation is that free immigration, would mean a reduction of everybody to the same, uniform level. Of course, I

[Kingfisher]

There is no such thing as illegal immigration. There are legal immigrants and illegal aliens.

 

Anyone not here legally should be forced to leave the country immediately. Children of illegal aliens have no constitutional right to reside in this country much less be granted citizenship by default since their parents were criminals upon entry. Shut off all taxpayer money provided to illegal aliens. Seal the borders and enforce stringent fines and jail-time for anyone that hires illegal aliens.

 

Once this is cleared up we can re-evaluate our city populations and more appropriately get an accurate census for political districts. This will return the proper value to "one citizen-one vote" that has been out of balance for far too long.

 

Additionally, this would resolve the unemployment situation since there would be lots of jobs available for citizens to take.

 

On the other hand, no one has the courage to stand up for citizens and put a stop to this anarchy.

And how do you propose to round up all of these aliens?

It would cost the taxpayer more money than 100 straight years of Democratic reign in Congress multiplied by infinity.(Ok I really am exagerating here)

 

One way to solve this is granting immunity to the existing people here and

closing the borders. If that even is a reality.

 

Those aliens you so dearly want to get rid of contribute to society and I don't know about you but we need every person we can find to help get out of this poor economic slump by spending their money and putting it back into the economy.

 

Giving our tax dollars to the feds and trusting them to do away with these aliens is about as secure as trusting them to get us out of the economic slump. It isn't going to happen.

 

It makes me laugh and think back right after the elections. (during one of the chicago news telecasts)

A reporter was going house to house asking people what they thought of Obama winning. A lady was singing and dancing yelling " I gonna get free cars and free gas"

 

Folks, you are not going to get anything free in life. Especially from the good ol friendly government.

[LoArmistead]

WHE' IT DA GUBMENT?!

[jammin]

Hmmm, how would I fix the economy?

 

Hit it with a big stick!

 

No, that's not going to work is it.

 

To be honest, I don't really know what I would do. Along with that, I'm not really sure about anyone who says they know what to do to fix it (well those who do so with a particular level of apparent certainty anyway).

 

Anyway, personally I'm choosing to look at all the potential good that can come out of such an event. There will be a lot of motivation for change and a considerable amount of taking stock and seeing how we can move forward, which is always a good thing in my book.

Edited April 9, 2009 by jammin

[Andrewr05]

Maybe because I have (to my knowledge) never seen an illegal alien and I only really here about them from the media and such but I DO NOT care what they do to the economy (whether it be aid or hindrance) they are here ILLEGALLY.

 

I realize they are attempting to help their families, their home country may be third world and they need work but they are not legally residing in our country.

I just don't understand why some people can't get it through their thick skulls that what they are doing is not legal, if you broke a law in your own country would you expect to be punished?

 

Why should a person who is not legally a resident of your country be allowed to have things that a lot of legal residents can not obtain for free as well?

 

No one feels bad for you and lets you get away with illegalities and gives you aid when you're broke and you're a mother effing legal resident of this country!

(yes I realize you can get some aid from the government and such but its a lot harder than you'd think, you have to essentially be dirt poor and proof of 0 income or be a conniving arsehole and lie to the government)

 

 

_____________________________

 

and just to let you guys know I'm not trying to be "ist" anything, I don't care if you're man/woman gay/straight black/white/brown/yellow/olive/orange/red/green hindu/catholic/atheist/muslim/etc

I don't really care, I just dislike users of the government...

 

 

________________________________

 

AND

 

I'm far from a 100% law abiding citizen... I have never claimed to be perfect... I suck it up when I get arrested/fined/etc.

People don't gallop to me when I speed and get caught and say "Ooooooh no leave that poor speeder alone!!!"

 

The government of the United States of America knowing that something illegal is going on and essentially being about to just shrug it off is disgraceful...

 

Obviously like someone above me said we can't really go and frolic around gathering up all of the illegal aliens, that just isn't viable, what we need to do is positively reinforce the borders and open up more work visa type applications and disallow visa holders certain benefits.

 

That way we have information as to where these people are, they have identification stating that they are here for work and we know what they're doing to make sure that they aren't abusing our system...

 

 

 

/rant

[ExRoadie]

And how do you propose to round up all of these aliens?

Easy, enforce the existing laws. Threaten to put them in jail if they don't leave the country within 30m 60 or 90 days. Make sure they understand that any child born to an illegal alien is not granted citizenship since their parents are criminals.

 

We don't need these illegal aliens to "help" the economy. The operate out of the control of our government for the most part and if they do pay taxes they have to use assumed names. The vast majority of the dollars they earn are simply sent down to Mexico via wire transfer so it isn't spent here.

 

I've already been hit with trouble from the IRS because an illegal was using my SSN. I had to miss several days of work and spend countless hours on the phone to get a resolution to the issue that isn't anywhere near my satisfaction.

 

Unless and until the borders are secured there can be no "immigration policy" because a policy only works if it can be enforced. If this administration tries to grant amnesty to the illegal aliens already here there would be a veritable flood of more illegals trying to get into the country for the next round of amnesty.

[ExRoadie]

Anyway, personally I'm choosing to look at all the potential good that can come out of such an event. There will be a lot of motivation for change and a considerable amount of taking stock and seeing how we can move forward, which is always a good thing in my book.

Has anyone else noticed how many times President Obama has said we need to "sacrifice" for the good of the country in the past few weeks.

 

It just dawned on me what he means by sacrifice. He wants us to sacrifice our earnings in the form of higher taxes so he can redistribute our money to those that don't have as much.

 

Based upon his upbringing, education and track record as a politician there can't be another reason for his choice of words. His writings that have been released to the public(sure would like to see all of his writings) all show a tendency toward the socialist side of things. The Black Liberation Theology of his longtime church preaches the redistribution of wealth. His voting record at both the State and National level all show a tendency toward punishing the rich and rewarding the "poor"(welfare recipients).

 

Let's hope citizens keep in touch with their elected representatives to make sure they understand that we don't want a welfare state at best and full blown socialism at worst from this administration.

[Verran]

The part about the immigration that I don't get is: Why is a fast-track to citizenship not seen as a fast track to tax paying as well? I genuinely don't understand this. If they're willing to become citizens then shouldn't that please us? Then they're contributing just like everyone else, right?

[jammin]

Stuff about Obama

 

Not sure how we got from what I said onto that. Is it because I used the word change?

 

The part about the immigration that I don't get is: Why is a fast-track to citizenship not seen as a fast track to tax paying as well? I genuinely don't understand this. If they're willing to become citizens then shouldn't that please us? Then they're contributing just like everyone else, right?

 

I would tend to agree there, with the thinking that it would surely be less costly than for example attempting to deport or imprison those people.

Edited April 10, 2009 by jammin

[LoArmistead]

The part about the immigration that I don't get is: Why is a fast-track to citizenship not seen as a fast track to tax paying as well? I genuinely don't understand this. If they're willing to become citizens then shouldn't that please us? Then they're contributing just like everyone else, right?

 

A couple of reasons:

 

1) Just because they become citizens, it doesn't mean they'll all start paying taxes. In many cases it's beneficial to them and their employers to simply get paid cash under the table. Hell a lot mom and pop businesses around here still pay a lot of their employees in cash - and these are all white, home-grown Americans.

 

2) Studies conducted that measure the long run input of immigrants show that over the course of 16 years, on average, immigrants with a high school education and higher wind up either breaking even or having a positive effect on tax revenues, while immigrants with less than a high school education have a negative effect on tax revenues - meaning over the course of their working lives, they consume more tax dollars than they pay in. How many of the illegals coming from South America have a high school education or less? I don't know for sure, but I'm willing to bet a buffalo nickel the answer is quite a few.

 

3) In an ideal world where everyone paid taxes, your guess would be 100% correct, but the sad fact is we are a welfare state where the bottom 50% of the work force does not pay a single cent in income taxes, and after 2009 I believe the figure is the bottom 28% will actually be receiving money back they never paid in. Most, if not all, newly knighted illegal-alien citizens will fall into this category. Perhaps over the course of a generation or two, this might change and more and more of these immigrants will rise above the break even point, but we can barely afford to keep afloat our current welfare state, how on EARTH we intend to fund 11 million+ more people on the receiving end of the redistribution line is beyond me. If we can change the way the leftists have structured our system to work, I would have no problem with giving people citizenship... but taking into the account our current social structure, I don't see how it can be feasible without further taxing the wealthy to pay for it all. Like all socialist states, it's a self-fulfilling prophecy. The feeder class grows larger and larger, and the politicians have to continually tax the producer class to keep the system going. What this does economically is it makes it harder and harder for those in the feeder class to rise above that level and enter the producer class. Proof of this is in looking at the numbers. America, how it formerly was, had the highest rate of people moving from lower to upper class of any other western nation. We had a relatively free and open market (when compared with western Europe), and we had more people than any other western country fulfilling their "America dream." That's why it's called the American dream, that's why it's so unique, because we had a labor market structured such that it was easier than anywhere else in the world to rise above your current social status. Now, compare that to most any country in western Europe, specifically places like Spain, France and Germany, and you'll see that throughout the 1990s and early 2000s they had to implement MASSIVE reforms in their highly regulated labor markets due to the fact that the feeder class got continually larger, while the producer class eventually got tired of producing to have it all taken away by those who don't produce. The producers employ the feeders, and when the producers get fed up with the system and leave the country, not only is there no producer to feed the feeders, but there's no producer to employ the feeders either.

 

With the rest of the world becoming more civilized and even western Europe now beginning to offer more open and unregulated labor markets with lower corporate tax rates, it is not wise of us to raise corporate taxes and increase labor market regulation. There is nothing stopping our producers from moving overseas, and combine our current labor factors (increasing corporate taxes, increasing regulation, dumber entry level Americans entering the market), the incentives for domestic and foreign producers to move their operations to other places are endless. The first casualty is Nissan, who was planning on opening a new plant in the southeastern US, but are instead moving it into southeast Asia now over the uncertainty of the future of our regulatory system.

[sirzodd]

legilize hemp production...lmfao.....its simple