My Plan to Stimulate the Economy

[thriller222]

(10-11-2011 07:43 AM)Liquid Wrote:  Sorry for the late reply
My theory on how we can stimulate the econmomy:

Quote:>Tax hikes for the rich and upper middle class. A tax rate of 60-70% on the top 1% would help start the long process of paying off our debt, and the big businesses would use their money to invest in their business because of the fact that they have less money to invest in business games that dont help the economy, such as speculation. Also, tax hikes will give the government more revenue so that it doesnt have to borrow as much.

Have to disagree. Raising taxes on the rich has historically backfired.

Examples?

Quote:The rich themselves do not benefit most of the economy at all, sometimes they even hurt the economy, however there is a large segment of the middle class that provides special services and relies on the existence of rich for income. That one segment of the middle class doing well is more important than the rich.

Well one thing to remember is that the rich also rely on the middle class to make the money for them. The rich dont actually work 1000X harder than the middle class, so why do they need all that money?

Quote:Rather than taxing the rich more, personally I think there should be some sort of mandatory spending requirement.

Why?

Quote:>Start necessary government spending. End the wars, shrink the military, and close some of our bases. But in the meantime, start high speed rails, start regulations on the market, socialize health care, and rebuild our infrastructure.

Agree.

(But don't get rid of the bases when they close)

Socialized Healthcare can go either way though, most governments set it up in a way that makes it worse than it was in the first place. I agree that it can be done right though and if it's done right it is a very good thing to have.[/quote]

Well either way making money off of someones health is immoral. Maybe make it illegal to make healthcare for profit? That would reduce the cost of healthcare for one, so it is still a step in the right direction.


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