Countries as diverse as Germany, Brazil, Singapore, and Thailand can offer ways for the U.S. to shore up its economy
BusinessWeek.com — Finance
Complex and unfair, the U.S. tax system needs an overhaul. Here’s how to get it done
BusinessWeek.com — Finance
Fixing the economy is as easy as 1,2,3!
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Home> News and Society> Economy> Fixing the economy is as easy as 1,2,3! fixing the economy is as easy as 1,2,3! | Posted: June 5, 2010 | Comments: 0 |]]> Fri Reality can not even as clear as day The writing is on the wall the United States.. really has two options, the “business as usual with never-ending deficit spending resulting in high taxes, in turn, of course, an obstacle to the economy by the burden of businesses and leaving consumers with less or we can seriously look at further is where we Today a total of drastic reforms in government size, where we can use our current rate of complete economic implosion and Government Insolvency and adapt in a systematic reform, a new lean and mean government to save trillions of dollars and pay the state debt.
First and foremost I would like to clarify that I do not have the desire to see current Federal employees unemployed, as I do not want to be unemployed or someone in the private sector to unemployed people, so experiencing the federal government downsizing, it will be done in stages to ensure that employment is made seamless transitions for Federal employees who lose their jobs must be processed through the crusher.
Why is it essential that we on the size of the federal government? Well for starters we have now about 8 trillion in unfunded liabilities, such as trillion national debt and one trillion dollars (and growing) budget deficit and unemployment / under-employed U-6 from 22% (May 2010, Labor Department statistics) of the nation and a weak private sector, the ever- Shedding is bankrupt companies every month while trying to maintain A .8 billion a year budget and only brings in about -. 2 trillion a year in the Treasury Department and as unemployment rises and companies continue to the income from the fold is to reduce naturally as a total no brainer. In essence, the current rate, we are on the right leads us toward a cliff at the Grand Canyon and the results should not be right if we fail to act and change course soon!
So obviously if we are a company with any brains, we in the federal budget on early results and create budget surpluses to pay down debt and at the same time we must limit government interference in the private sector to encourage small business creation, and encourage existing companies to grow the way. This can be achieved easily if we take our corporate tax rate decided to reduce from 36% to 15%. As a result of doing this, companies will gain an immediate opportunity to grow inventory, advertise, and more than the volume of business increases, these companies will eventually new jobs again. The federal budget should be reduced trillion dollars a year as well.
How can we shave 0.8 billion from the federal budget? Well for starters, it will be necessary to repeal and reform of the recent forced health care reform bill that is twisted with 75% of the nation against the ridiculous law passed and was able only through bribery, threats and arm to pass in Congress and was of coarse no one with quite forgotten how American and anti- Authoritarian the whole process really was, not to the fact that the nation had no money mention of it at all during the worst recession since the Great Depression. The HCR bill is just too expensive! Next it will be crucial to the Ministry of education, about 0 billion a year to eliminate waste in virtually no improvement over all national education for the nation’s children. Filed revenue and 100% body should be to the states and taxpayers, we all know, too strongly that education is right way so that America’s children receive the best education possible to return primary interest. The only real change that would occur, that the parents would win in at a local level and through new taxes at the state level, less fraud, waste and abuse results occur more bang for the money in general education greater say in their children’s education. After working the Department of Defense should be 2 results to really save money. Option 1 would be a plan for regional nations charge for DOD use and procurement should pay costs to determine that U.S. military will benefit actions regional nations together economically or Option 2 would save trying billion € per year is not in crushing significant foreign military bases, which at about 700 in total control. DOD can be 100% of the action was, it could also be allowed to increase the size of particular bases, as they deem necessary, but ultimately must save billions € per year. If they threaten to more intelligently National Defense save, then a fee for all e-1-O-9 service members in all branches should be a 10% increase issued their annual salaries, covered as long as the reductions of the total wage increases. could DOD to also ways to fight the life expectancy of equipment and machinery increase look and reach if it makes an excellent job in saving more than the targeted reduction billion € per year, then 1 / 2 the money saved each year are returned to the Treasury in savings and the other half occurs in additional wage increases for all equally divided military service members. In fact, each unit commander who enjoy their service members, to enhance the ability of each year to increase in team salaries to proclaim each year as a team. This is an excellent positive reinforcement to make the efficiency of habit, because now it is to be efficient payment and paying to stay at all in top form and score more. This concept will not be allowed on body armor, combat systems, weapons and critical technologies as above command, DOD’s determined, because such things have to stay on a schedule for new and the best at all times, but everything and anything, play ball!
A third area in order to save huge amounts of money it will his review to determine thousands of posts, which agencies should be eliminated size and / or. A goal of savings should be adjusted billion EUR per year.
A fourth area to save money, a , the target of billions of dollars a year in the Department of Energy.
A fifth area to save money is received in the reform of social insurance, which has never been adequate funding in the 1st place.
Social Security should be a new 21st-century single-controlled investment account secured by federal insurance, which protects strictly the amount invested in the individual and protects employers, but not the level of profits aligned. This really would be a Republican / Democrat compromise. This would make a range of investments that can make the individual in the U.S. markets, however, sure that they do not lose everything when they retire during an economic downturn. In essence, the Social Security individual is either at least one saving for retirement, with just enough order, or if their retirement investments were wise and good, then they would be the ability to retire have style. This approach would perfectly between the Democrats have a strong desire of the central controller and Republicans desire for personal liberty of balance. The solution for Social Security, when it happened can ever have a perfect compromise by both party’s otherwise the problem will never be solved and as a result is not the solution to the social security problem, then more than likely, it stomach go and then no one will have anything at all. A market check the age to retire should increase when times are bad and lower when the time to inform good chance of uncontrolled market forces and the American people that this is how it ensure that everyone goes their social security is protected. The markets are sometimes good and sometimes markets are terrible.
A new fair flat tax system should be installed with the abolition of income tax and inheritance tax .
will be the new excise tax system as follows: (As it is put together again and trying to ideological differences compromise that has left and right, but just as the Treasury more money than ever before to win and to save every tax bracket of income)
Subsistence tag = Not taxed determine what so ever would be a huge list, which is essential for human life without luxury Example:.. food trade, soda / drink alcohol, 1 home, diapers, clothes under 2010 value of 0 per item of clothing, shoes, baby items like cribs, rocking chairs, pacifiers, heaters for homes, toothbrushes, toothpaste, soap, shampoo, toilet paper, coats, . jackets, etc.
Common Items = 7% This could include: household goods, electronics, tires, automobiles, motor oil, tools, machines, office supplies, lawn care products, wood, ladders, industrial, cement , concrete, steel, copper, weapons, ammunition, air conditioners, humidifiers, books, boxes, grave stones, chewing gum, perfume, cologne, cosmetics, newspapers and much, much more.
luxuries = 9%. This could include: expensive paintings, jewelry, boats & yachts, high-end cars, ATVs, snowmobiles, fast food, sweets, candies, soft drinks, sugar, private jets, jacuzzis, pool tables, 2 house & beyond on a private basis ., toys, trains, rec vehicles, fur coats, etc.
vices of life pieces = 12% This could include: alcohol, tobacco, marijuana, coffee, tea, slot machines, craps tables, blackjack tables , roulette tables, etc.
Surplus revenues should be used as follows: 65% will pay the debt and 35% for small business grants and nano-technology research and development grants primarily for medical purposes, a to create new large U.S. industry to a new technology to produce for the universal demand used. 60% of the 35% should in Nano-technology research and development grants to companies that employ U.S. citizens in the United States to this sector for maintenance purposes. 40% of the 35% should be for small businesses that are expanding and new start-ups with winning business plans are used. The SBA should Fortune 500 company engaged in a rotating staff review team from the private sector to produce make the reviews. The FORTUNE 500 company should direct tax-free, are compensated 000 per year per person produces an MBA to the SBA Review Board and then the person will only serve 1 year for the SBA reviewed to determine Review Board and approved which small businesses or are denied grants. is the MBA compensated 000 euros for the year and a commission of 10% to a new start-ups receive or expand small businesses first profitable to net income as a whole. So with that being said, if the MBA approved a grant for losers, which is not always winning, then the MBA does not earn commission, but if the MBA picks winners, who could end up making huge profits then the MBA to make a killing. This ensures that a positive effect takes place in the economy and protect taxpayers from fraud, waste and abuse. The Fortune 500 company will look at all people produce for SBA and then the company that the biggest winner will be produced to win bragging rights, where the President of the United States, it will spoil the White House for 5 days and nights in which the CEO, COO, Chairman of the Board, the largest shareholder and the mass of MBA’s, on the SBA’s review board that has the highest small business benefit amounts and remain entertained and are fed in the team award serves prepared. Everyone will be plaques, get X3 photos individually with the president and X2 free advertising via flash, one at the beginning of their stay and one at the end of their stay to ensure that the whole world knows who has the top dogs in the economy, which will be great for the Fortune 500 companies in free advertising! In this scenario, the government, the Economic Development Shell with the SBA and the Americas finest Fortune 500 companies fine-tune Americas business all the stars, so that the economy to be truly successful. It’s like a kind of marriage the best of both worlds!
Now, a fair flat tax system, the entire IRS can be installed at a huge taxpayer savings be turned off. The average small Companies that spend about 3,000 correct year make their books can now most of that money in the accounts that have coarse an immediate and positive impact on the overall economy. The Department of Treasury is all that is needed to have 15% corporate tax arena handle.
We now have a minimum of 0.48 trillion per year saved with real potential to save even more.
If all of this was then several factors appear done. The Treasury is more money than winning ever before in American history, so we actually pay off the national debt, the federal government will continue strong and effective as it produces slightly smaller with a balanced budget in surplus , to thrive, the unemployment rate drops rapidly and individual income groups is more of their money in their pockets, which keep the money too. I have no one to produce in politics today by either party as a winning plan!
Mike M
http://taxmemore.blogspot.com
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Professor Elizabeth Warren, head of the TARP oversite committee, discusses on Morning Meeting w/ Dylan Ratigan how to repair the economy. What has changed since last year? And what has the Fed done to help? To quote her: “Nada.” She notes the American people must be engaged in this process. Copyright MSNBC 2009
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Fixing the Current Economy is a Tall Task
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Home Page > News and Society > Economics > Fixing the Current Economy is a Tall Task
Fixing the Current Economy is a Tall Task
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Posted: Jan 09, 2009 |Comments: 0
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With the US economy in turmoil, Senate members are scrambling to write a financial recovery plan that can be put into action as soon as President Elect, Barack Obama is sworn into office on January 20th. While only minor details of the proposed plan of action have been leaked to the news media, it appears that saving the struggling economy will cost taxpayers several million dollars on top of the astonishing amount that has already been spent. As many concerned citizens question the soundness of pouring more taxpayer money into saving the economy, the majority seems to have faith in the Obama financial recovery plan. Even without a solid track record, it seems as if many are putting their blind trust and financial well being into the hands of the incoming president.
While President Bush was leading the United States, several attempts were made to boost the US economy. Over the summer, checks were mailed to tax payers in an attempt to spur spending and economic growth. Reports indicate that most put the money into savings or used it to pay down previous debt. This effort proved unsuccessful and was followed by major corporate bailouts. Many were upset that their tax dollars were being spent to bail out privately owned companies that had a history of spending their money foolishly. One company in particular received funding via the financial recovery plan in the form of a bailout and is sponsoring a college football bowl game this holiday season. Another sent company executives on a lavish company retreat just days after receiving a hefty check from the government to save them from bankruptcy.
The Obama financial recovery plan is promised to be quick acting by eliminating programs that do not meet their intended need and expanding social and financial programs that have proven to be successful. During the Bush administration, faith based organizations received additional funding to meet the needs of those less fortunate in their communities. It has not been disclosed if these same programs will continue to receive funding after Obama takes office. While most will argue that local organizations are best suited to meet the needs of struggling community members, the government typically likes to regulate such programs, thus making them more difficult for those in need to get needed assistance. Those in rural communities came to depend upon the assistance offered through these local programs and ending them abruptly could leave many with no other place to turn for assistance.
One thing is for certain; all eyes will be on Obama as he takes office and works to end the financial crisis that the country now faces. While fixing the current sluggish economy is a tall task for anyone, many have high hopes for the Obama financial recovery plan. Obama campaigned on a message of change and that is something that the country could definitely use. If the Obama financial recovery plan proves to be effective and reverse the current downward spiral of the economy, he will most certainly be assured a second term in office.
For more information on the financial recovery plan, visit http://www.financialrecoveryplan.com.
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Martin Wolf, in an interview with Nayan Chanda, explains what caused the financial crises, outlines the steps for ending this destructive cycle, and offers suggestions on how to help ensure global financial stability in the future.
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Fixing the economy by thinking local
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All you have to do is follow the money on paying your bills much the dollar you spend goes elsewhere and not in your state or city or town to stay. Assuming your pay your car insurance and if you see where you send your payment notice that there is another state? Notice your bank and your bank in another country may be headquartered. Be aware of your mortgage payments too well that another state. Your grocery good that reside in another state. Your favorite store for clothes, electronics, shoes, well, that’s in another state. You rent a car good as other companies are based in other states is usually buying a car now its headquarters another state buy gas for your car;.?. Once again, filling station located in another state. American products really are supposed to tag “Made in America”? Some states like Oregon has made in Oregon products.
.So we can see that without dollars stay in our communities is a making of a poor economy economies are built on a dollar spent within a community, enabling the manufacture of a health economy for your community just dollars to stay within one. Community are employees of these state enterprises. Even then, their spending supported by government spending.
What will some of the innovations in the local economy America Address: Look at The Center for Community-Based Enterprise, Inc. (C2BE) and its Mission: The Center for Community-Based Enterprise, Inc. ( C2BE) supports and connects entrepreneurs, community and resources to grow community-based enterprises (CBEs): Companies that are sustainable, locally rooted, deliberately structured to provide community benefit, and liable to pay a living wage .strategies
v Find, support to connect content and scale-up community-based enterprises (CBEs).
v Catalyze collaboration across all sections of the community to create new products and jobsv set up using non-traditional business or expand businesses.
v cause to exploit growing market niche in Metro Detroit unique skills, technology and intellectual property of untapped resources and help local CBE. http://c2be.org/index.php?option=com_content&task=view&id=14&Itemid=26definitely brings the local economy at the local level and with local companies and their customers on a local level. With this ability, the strength of the local economy through the development of local enterprises by the people of their own communities. Right from their plane, they make up their own local products. This brings the local authorities to improve when in the local community and the company they spent to buy local and are thus the dollar in their community rather than to go elsewhere.
So we have to renew examples of local shops next time your car insurance you can find a local company in your community, the member of your community is and has its own headquarters and licensed in the states. How to spend your hard earned money in your community and you start to see your business growing. Arizona Arizona residents want the economy to the good shift there Local First Arizona list of local private companies in Arizona. Let’s shift the economy! Find what is in your state online. Http: / / www.localfirstaz.com / about / index.phpfrom “http://www.articlesbase.com/economics-articles/fixing-the-economy-by-thinking-local-3680124.html “
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Terrance H. Booth, Sr. – About the author:
]]> Review this product 1 2 3 4 5 Vote (s) 0 vote (s) Comment RSS Print E-mail to publish again Source: http://www.articlesbase.com/economics-articles/fixing-the-economy-by-thinking-local-3680124.html Article Tags: local economy, fixing the economy, think local Related Videos Related articles Current Economic Articles can More from Terrance H. Booth, Sr. problems in the local economy
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travel to the Dominican Republic and learn the local economy and development. (6.31)
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Carla Katz, former president of CWA Local 1034 says that unions raise wages for all workers benefit and give all workers a voice. (1.06)
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to road projects in rural Mozambique
large numbers of people back to land safely in Mozambique is improving the roads significantly the lives of people and revive a shattered local economy. Funded by the UK DFID of the road project is the rehabilitation of 840 km of roads. (4:51)
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