First of all I am not an economist. I am not even an investor or understand anything about money markets. I do understand being part of a corrupt system designed it appears to keep some people down and keeping them down.
You can disagree and point out where this won't work and why, but I have thought of this for years. Why haven't think tanks thought of something similiar?
All we hear is cut the debt. Get off food stamps. Get a job. There is an answer IMO but it requires a huge brave step.
We know the great economic collapse with big banks and mortgage companies stole many of our homes. We did not get bailed out. We lost jobs. We got sick and we had no where to turn. We lost homes. We lost hope and consumer buying power, while banks and big business was being helped. There could have been a cheaper, less debt way to help the economy but of course would not have pleased the corporations and real one percenters.
If there had been a WPA works program designed similiar to FDR that included infrastrucure, mass transportation and solar along with green energy manufacturers plus wiping out all of the bad debt reported to the three credit reports..giving everyone a clean credit score with tax breaks for lending from the banks that got bailed out , we would well be out of the mess we are in. We have enough roads, bridges, buildings, and other things that need repair in a huge way to employ folks. We also have enough educational needs such as arts, music, education and climate control studies along with solar and wind power to employ many many people.
Small business would crop up giving jobs to people from local car lots to furniture and appliance stores along with software designers. Marketing would be big for all the new business and people making a decent wage could afford the ACA ( tweaked) with premiums that are capped to keep price control with good healthcare.
It all starts and ends with jobs. 100,000 plus jobs a month. the thing we have now.. most at Burger King or McDonalds is small not even countable IMO. With every credit score that fell below 700 was wiped clean could offer more opportunity for people to not only invest in their own small business if lenders would lend but it would provide homes to people in a works program to buy. Am I looking at this all wrong?
If there were stipulations to invest in one's own future for grants or loans at low interest, how is that not better than millions of homeless, hungry, jobless people?
Growing farms that feed America? Inspectors to inspect our food supply? Do we not need these things? Of course we do.
Tell me I am wrong.. I don't think so. I also think churches...should be taxed. The church that preach politics and cross over from separation of church and state. They shape policy and they do it from the pulpit. The Mega churches are not non profit.. No. I also think that would add revenue in the kitty like nothing else. Increase the taxes to at least where they were under Clinton for certain wealthy people.. Stop all of this Free trade stuff but have fair trade and nothing less. If they want to preach against people instead of faith then they crossed the line of faith and political persusaion. They want to keep their tax exempt status then shut the opinions up on Sunday morning about policy.
People could have borrowed from SBA or had jobs to save to open small business or maybe government grants and loans to guarantee small business loans to employ then we would be out of this mess. People could have decent jobs, homes, income and American should stop investing in ways to kill people. We do that. We think of ways to cut costs on food, healthcare, start wars and send tons of money to other places to preserve peace.. Why? We should not be blackmailed to keep the peace. I feel that happens a lot.
OK that is some of my idea but not all ...why can't legislators think of things like this?
It could not possibly be any worse than what we have. Starving, jobless people shooting each other in the streets.
This is the 21st century and we need a better way than has been done for decades. I hear all about too much Big government well who is fighting the wars? Big government starts the wars and the poor fight them.