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Specifically, What is it you'd like to change?

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Specifically, What is it you'd like to change?

mattchuck2
There are lots of reports saying that voters are angry and that the rise of Trump and Bernie are a message to the elites that the average worker feels left out of the post recession expansion. Wages are stagnant, GDP growth is sluggish, and it's hard to afford a middle class lifestyle as a one income family, as used to be the case.

But what, specifically, would you like to see done about it? What sorts of programs would you like to see the next President propose that would address these problems? Or should they be addressed at all? Are you of the thinking that if we slash corporate tax rates and individual tax rates for rich people, then the resulting boom will lift all ships?

I do not subscribe to that trickle down theory, so here are some proposals I have:

1. Helicopter drops of money (not actual helicopter drops, but a check that goes to every single living person with a social security number for $1,000. Yes, it will cost $350 billion or so. But it will bring much needed temporary relief to a lot of families, and most of that money will be recirculated back into the economy. If it leads to inflation, okay, we could use a bit of inflation, especially in wages).

2. Reallocate military spending. Keep the money we spend on soldiers and veterans flowing, but  instead of spending tons of money to have Northrop Grumman and Lockheed Martin develop weapons for us, spend that money hiring people to do stuff in this country. Develop a new CCC, and pay people money to build and maintain trail systems, backcountry hut systems, and National Parks. Hire people and spend some money retrofitting old buildings with green power and energy efficiency. Put people to work in this country making it a better place to live.

3. Raise the minimum wage to $15, starting with companies that have more than 5 stores or franchises immediately, then moving on to mom and pop stores eventually. Yeah, it might be tough, but if you can't pay people $15 an hour, you can find a way to do the work yourself. You'd probably pay more for a contractor anyway.

4. Go after tax cheats, both individual and corporate. Make everyone pay their fair share. No more holding profits overseas so that they aren't subject to tax laws that you know about and are consciously avoiding. Pay what you owe. Similarly, close tax loopholes that benefit the rich. Close the carried interest loophole and close whatever loophole allowed Romney to amass a $50 million fortune in his 401k. Use this money to pay for Infrastructure improvements here at home.

5. Eliminate the cap on earnings taxed by Social Security. Right now, most of the middle class pays Social Security taxes on 100% of their income, where people like Romney and Trump pay Social Security tax on maybe 5% of their income. This is unfair. The people at the top should have just as much income subject to taxation as the people at the bottom. Use this money to sure up Social Security financing for the next 75 years (and maybe offer increased payouts if the math works out and shit hits the fan with our shaky 401k system).

Okay, there are some Liberal Hippy proposals that would make people's lives better immediately. What would everyone else want to see?

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Re: Specifically, What is it you'd like to change?

campgottagopee
I like your plan MC, you'd get my vote!

What you're basically saying is leveling the playing field and I'm all for it. Bernie, imo, is saying the same thing.

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Re: Specifically, What is it you'd like to change?

ml242
Bernie was a terrible explainer of his positions, possibly due to age, possibly due to substance at times.

The social security system is grossly unfair.

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Re: Specifically, What is it you'd like to change?

nepa
In reply to this post by mattchuck2
mattchuck2 wrote
1. Helicopter drops of money (not actual helicopter drops, but a check that goes to every single living person with a social security number for $1,000. Yes, it will cost $350 billion or so. But it will bring much needed temporary relief to a lot of families, and most of that money will be recirculated back into the economy. If it leads to inflation, okay, we could use a bit of inflation, especially in wages).
This one sounds nice, but I would argue that 80% (perhaps more) of this money would be squandered.  People have financial problems for a number reasons.... low wages being one of them.  Lack of discipline, and stupidity are a couple of others.  I'm betting most people would choose to buy a new iPhone or 6 pairs of Birkenstocks with their welfare check.  

Take a few more bong-hits hippie.   ... Giving cash away (the Free stuff Z loves to hate) does not sound like a good option.

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Re: Specifically, What is it you'd like to change?

ml242
nepa wrote
This one sounds nice, but I would argue that 80% (perhaps more) of this money would be squandered.  
I dunno what squandered means here, with unemployment the money goes directly to bills and back in the service economy. It might distort the market for a few things, but it seems to 'offend' people more.

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Re: Specifically, What is it you'd like to change?

skimore
In reply to this post by nepa
Ban bubble chairs
Limit the number of passes sold on any  day with 6" +
Deny access on powder days to anyone without at least 100mm skis. They get directed to bunny hill
Prohibit any  grooming or snowmaking  on top of fresh snow
Prohibit any new trail cutting. Glades only. Need to be green
No cabriolet's. Must be able to walk from parking lot

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Re: Specifically, What is it you'd like to change?

MikeK
Banned
skimore wrote
Ban bubble chairs
Limit the number of passes sold on any  day with 6" +
Deny access on powder days to anyone without at least 100mm skis. They get directed to bunny hill
Prohibit any  grooming or snowmaking  on top of fresh snow
Prohibit any new trail cutting. Glades only. Need to be green
No cabriolet's. Must be able to walk from parking lot
I'm down with this... except the 100mm ski part.  My pow skis are 98mm at the shovel, and I think they ski it great for anything <25 degrees!  Especially with leather boots.  The whole thing is so light and free you feel like you are connected to the snow.

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Re: Specifically, What is it you'd like to change?

nepa
In reply to this post by ml242
ml242 wrote
nepa wrote
This one sounds nice, but I would argue that 80% (perhaps more) of this money would be squandered.  
I dunno what squandered means here, with unemployment the money goes directly to bills and back in the service economy. It might distort the market for a few things, but it seems to 'offend' people more.
I think if you take a look at purchasing habits associated with "tax refunds," you'll get an idea of what I mean by squandering... Studies show that most people don't use their tax refunds to solve financial problems.

MC is proposing that Uncle Sam gives everyone a thousand bucks... with specific instructions:  "This money is to be used to provide temporary relief to your financial problems."

How many people in this country do you think could effectively solve their financial issues with $1000?  IMO: very few.  $1000 represents relief from some payments for a month (maybe more, but not much).  Giving away cash does not solve problems... it simply treats symptoms.  Personal financial issues result from both lack of resources, and ineffective deployment of resources.  Effective deployment of financial resources requires both intelligence and discipline... in many cases these are things that are difficult to teach.  Giving away $1000 teaches nothing...

Throwing more money at people's financial problems will only make them bigger.  By giving away a bunch of money, we would see a short term jolt to misleading economic metrics... this in my opinion would solve very few problems.

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Re: Specifically, What is it you'd like to change?

nepa
In reply to this post by mattchuck2
mattchuck2 wrote
5. Eliminate the cap on earnings taxed by Social Security. Right now, most of the middle class pays Social Security taxes on 100% of their income, where people like Romney and Trump pay Social Security tax on maybe 5% of their income. This is unfair. The people at the top should have just as much income subject to taxation as the people at the bottom. Use this money to sure up Social Security financing for the next 75 years (and maybe offer increased payouts if the math works out and shit hits the fan with our shaky 401k system).
I totally agree with this... the cap makes it regressive.

With the removal of the cap, I would like the option to forfeit my Social Security benefit, for the option of a tax free distribution on a portion my personal retirement assets.

Smart savers should not need Social Security... if you do not use the entitlement, you should get a benefit on the other end (i.e. more favorable tax treatment)

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Re: Specifically, What is it you'd like to change?

JasonWx
I think Napa is spot on with his take on SS and on a cash give away..The majority of my employees make between 10-15 /hr..

Come tax refund time, everyone has new sneakers or upgraded cell phones....


peace and love

"Peace and Love"
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