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Here it is in all its simplicity:
# 1 - Halt all employment taxes for at least one year. Use the $$$ earmarked for the giveaway and fund the tax coffers that would otherwise be funded by those employment taxes. This includes social security / medicare taxes on the employee as well.
Employers will take those savings and grow their busineses...meaning hiring workers.
# 2 - Lengthen the timeframe where unemployed people can receive unemployment benefits...maybe double it. Require that they look for work - yeah I know they do that now - and require some form of community service during the time they are collecting benefits.
Something relatively small...but something. Nothing good is free.
#3 - Let all private companies who are failing..fail...including banks. Triple or quadruple the federal deposit insurance program so people do not lose their money when a bank fails...and let the bad companies go. The strong companies will pick up the pieces and create something out of it.
Keep government OUT of the banking industry and any other private industry.
That's it. Very little oversight required,,,simple to understand and follow...darn near corruption-proof. Therefore...will probably never happen.
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My plan...or more specifically the Jon Stewart plan.
Give the money to the people.
We'll bail out the banks ourselves by putting money into savings, paying off loans, etc.
We'll stimulate the economy by purchasing goods as well.
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Legend
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Quote:
Give the money to the people.
What money?
yebat' Putin
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Halt a big chunk of tax revenue; yet increase unemployment benefits... and how do they do that when they can't make it work now?
Letting banks fail is a quick and easy way to send this entire country into a deep and long depression. When the great, big ole banks can't make it, where do you put your money? Mattress or cans in the back yard? Some businesses can fail and we can move on, but when you allow banks to become insolvent you are just asking for a massive depression. Want to see the USD worth nothing? Let the banks fail. Then your USDs will be great toilet paper.
Good thing you are not running the show Willie b/c we'd be headed to a very quick and long depression - not recession, depression.
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Quote:
# 2 - Lengthen the timeframe where unemployed people can receive unemployment benefits...maybe double it. Require that they look for work - yeah I know they do that now - and require some form of community service during the time they are collecting benefits.
NO! I had a run in with someone "looking for work" in my store Monday. Let's just say I about called the police on him. 
#gmstrong #gmlapdance
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What money?
Take the 825 Billion, buy some paper & some ink and create 900 Trillion than give 3/4 of that to all Americans (Legal) that is than take the other 1/4 and buy more paper, buy more ink and create more money.....It's that easy 
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While we are tossing out crazy ideas,, here's mine
Abolish payroll taxes altogether.. Make everything a sales based tax..
Really simple..
Sales tax in Cuyahoga county for instance would go from 7.somthing% to 20%. But on things you buy.
Buy a car,,,, 30,000, tax is 6 grand. some goes to the state, some goes to the county, some goes to the city some goes to the fed.
6 grand is more than some people pay in taxes for the entire year legitimately.
I'd even tax food....
Now with no more corporate income tax to pay, no more personal tax to pay, companies and working families would be able to keep more of what they earn to buy things and hire people.
And some might even save a few bucks in a bank account for that rainy day... some won't of course.
Do I think it would work nationally,, No , not really. But it's already working on a state level.... Look at florida.. seems to be ok down there...
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
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Quote:
Sales tax in Cuyahoga county for instance would go from 7.somthing% to 20%. But on things you buy.
Buy a car,,,, 30,000, tax is 6 grand. some goes to the state, some goes to the county, some goes to the city some goes to the fed.
Let me tell you how the government would implement that otherwise simple premise...
Buy a car under $10,000 and pay no tax because you are obviously poor.
Buy a car between $10,000-$20,000 and pay 15% tax because you are lower middle class.
Buy a car between $20,000-$40,000 and pay 22% tax because you are upper middle class.
Buy a car over $40,000 and pay 40% tax because you are rich.
However, if you buy a car that gets better than 24 mpg highway you get to deduct 8% of the tax you would have paid, even if you paid none (then consider it a rebate)... or if you buy a hybrid car you get to deduct 10% up to an including the original 8% unless it's a hybrid SUV, in such case you only get to deduct 4% but not including the original 8%.
If you buy an SUV or large truck which is not a hybrid you have to add 7.45% to your taxes owed as an environmental impact tax addition...
And I haven't even gotten into commercial vehicles yet.
yebat' Putin
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Yeah, you are right, they wouldn't know how to keep something simple...... When are people going to learn... simple may not always answer ever question perfectly, but it sure as hell would curb government waste... something we've had in abundance for 200+ years...... Ahh,, don't mind me, I'm just burned out about all the bad news... I need some good news...... like maybe I won the Mega Millions dollar lottery and I'm off to the Cayman Islands LOL Now that would be interesting.. 
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
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Quote:
and require some form of community service during the time they are collecting benefits.
I disagree with that. You have been paying for that insurance. You shouldn't have to work to claim it.
Now, if you go on welfare, that is another story, but not for unemployment.
If everybody had like minds, we would never learn. GM Strong ![[Linked Image]](http://www.dawgtalkers.net/uploads/small-gator-chomp.gif)
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Doesn't the company that you previously worked for have to pay a part of the unemployment while you are collecting?
We don't have to agree with each other, to respect each others opinion.
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When are people going to learn... simple may not always answer ever question perfectly, but it sure as hell would curb government waste...
At least if it was simple I could tell you HOW they are screwing me... for now all I'm sure of is that they are but I can't fully explain how.
yebat' Putin
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Quote:
Abolish payroll taxes altogether.. Make everything a sales based tax..
I support this issue! Lets increase sales tax by 1000%!
Lets see, I take the 1000% of my current sales tax in Montana....and I still pay nothing! WOOHOO for me 
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Quote:
Doesn't the company that you previously worked for have to pay a part of the unemployment while you are collecting?
Each employer pays a tax rate to the state based on various factors...and one of them is the number of claims filed against that company. If a company has many claims, they will pay a higher tax rate....so to answer your question.....yes and no 
The rate the state charges them to carry the insurance may go up, but that company isn't paying extra just as long as the former employee is drawing.
You as an employee pay in to the system to have unemployment coverage through payroll taxes. If you were terminated through no fault of your own, you shouldn't have to go pick up roadside garbage 15 hours a week to collect your benefit.
Each state runs it's own program, so all are somewhat different, but for the most part it is set up for 26 weeks...though it almost always gets extended...and it usually isn't until the extension that states start requiring recipients to start proving they are actively seeking work, though again, each state runs it's own deal.
The goal here isn't to get people out in to any job they can preform. It is to allow people the chance to find similar work at similar pay. If you were making 40k doing whatever, you aren't expected to jump at the first car wash job you can find.
If everybody had like minds, we would never learn. GM Strong
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Add to that:
Eliminate every cent of foreign aid for one year. We are practically bankrupt, we can't afford to give money away at this time. It's a joke to call us the richest country on earth with the debt we have. It's not like we're going ruin our reputation.
Impart the same trade restrictions on imports that the other countries do to our exported goods.
And into the forest I go, to lose my mind and find my soul.
- John Muir
#GMSTRONG
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Quote:
You as an employee pay in to the system to have unemployment coverage through payroll taxes. If you were terminated through no fault of your own, you shouldn't have to go pick up roadside garbage 15 hours a week to collect your benefit.
Employees in Ohio have NEVER paid one dime into the unemployment system.
I do not know about other states...but I am guessing that they are similar to Ohio.
Employment taxes are paid by the employER.
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Taxing consumption is always a bad idea.
DC picked up the rest of my thought.
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Quote:
My plan...or more specifically the Jon Stewart plan.
Give the money to the people.
We'll bail out the banks ourselves by putting money into savings, paying off loans, etc.
We'll stimulate the economy by purchasing goods as well.
Giving money to people generally makes them want to be given more of it...watch the banks and auto companies.
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Doesn't the company that you previously worked for have to pay a part of the unemployment while you are collecting?
No, that is a misconception. A company pays unemployment tax on every employee whether they ever use it or not, same for workers comp.
KING
You may be in the drivers seat but God is holding the map. #GMSTRONG
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Quote:
Halt a big chunk of tax revenue; yet increase unemployment benefits... and how do they do that when they can't make it work now?
Ok...if they can't make it work now...then where is the stimulus package money coming from? If we don't have it, we can't do ANY stimulus package. But they are going to do it anyway, aren't they?
We are about to give away a trillion dollars. That money would do wonders for unemployment and social security coffers while the economy turns around from all the reduced costs to employers.
If we are going to print the money, let's put it to use in a fashion that will generate more economic activity.
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Letting banks fail is a quick and easy way to send this entire country into a deep and long depression. When the great, big ole banks can't make it, where do you put your money? Mattress or cans in the back yard? Some businesses can fail and we can move on, but when you allow banks to become insolvent you are just asking for a massive depression. Want to see the USD worth nothing? Let the banks fail. Then your USDs will be great toilet paper.
Not EVERY bank is failing. But the ones who are failing are going to need even more money than what they have been "loaned" already. The trillion dollar figure just keeps getting bigger. You watch..the big losers are going to fail without even more money.
The USD only fails (further) when people actually lose it...increasing the federal deposit insurance et al will result in people NOT losing their money.
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Good thing you are not running the show Willie b/c we'd be headed to a very quick and long depression - not recession, depression.
I think we are already headed there...and giving away money so people will "spend it" isn't going to help.
The Chage we Need is in policies that are going to work...and giving money away never works.
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Quote:
Taxing consumption is always a bad idea.
DC picked up the rest of my thought.
NO my friend...it is a great idea...the Federal Withholding Tax is always a VERY BAD ONE.
To tax the labor of one man for the benefit of another is immoral and very much unbalanced/arbitrary....whereas, taxing purchases of non essentials is logical and gives man a choice.
The American people will never knowingly adopt Socialism. But under the name of 'liberalism' they will adopt every fragment of the Socialist program, .
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Quote:
Taxing consumption is always a bad idea.
DC picked up the rest of my thought.
I don't necessarily think that taxing consumption is a bad idea (since we already do, just in smaller amounts which are offset by taxing income).. I just think our government will screw it up.
A lot of the problem, as I see it, is that they have us so turned around that we have no idea how much we pay in taxes... they tax us when we earn it, they tax us when we spend it, they tax us if we keep it to earn more, they tax us if we buy something of value (like a home) and just own it, they tax us extra if we buy something they think is bad for us, and then ultimately they tax us if we die... but, in their own plans for social manipulation, they give us a break if we save it for retirement or if we buy the kind of stuff they want us to buy or if we have kids who can someday grow up to pay taxes....
yebat' Putin
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How is taxing consumption fair to those less fortunate? It kills the guy with less and does not affect the guy with more.
Oh that's right...we will charge the "poor" guy less...or give him a voucher. Simple? Nope.
I think most taxes are immoral, arbitrary, and unbalanced.
Consumption taxes will be "adjusted" to work the same way.
We need to spend less and cut taxes for those who actually pay them.
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Quote:
Quote:
Give the money to the people.
What money?
The money that we will print and sell the bonds to the Chinese for cover.
Com'n silly, it's the American way.
I feel all warm and fuzzy.
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Employment taxes are paid by the employER.
..and it is part of labor costs or, perhaps more appropriately, compensation.
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Down here in Latin America , most Country's have a value added tax ( VAT ) it's like 12% in Ecuador , 16% here in Colombia.. Now property tax is almost nada !!! I mean $ 100 a year is a big tax bill on property .. $250,000 house $50.00 - $100.00 a year .. The little guy gets poked in the eye no matter where you go ..
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So what do you pay on your $2 million compound? 
yebat' Putin
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So what do you pay on your $2 million compound?
Peanuts  ... It's more like a Castle  ..
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Do you have a moat and the holes that you use to pour hot wax on the unsuspecting invaders?
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Quote:
Do you have a moat and the holes that you use to pour hot wax on the unsuspecting invaders?
Nope , but I do have a Holiday Inn Express close buy !
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Quote:
At least if it was simple I could tell you HOW they are screwing me... for now all I'm sure of is that they are but I can't fully explain how
Well see, already a benefit to the american citizen
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
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Quote:
Employees in Ohio have NEVER paid one dime into the unemployment system.
I do not know about other states...but I am guessing that they are similar to Ohio.
Employment taxes are paid by the employER.
I also can't tell you that it's like that everywhere, but I can assure you that in the 26 states we have people working, WE, the employer pay unemployment insurance to each and every state. The employee pays nothing towards it unless as part of his state taxes, some portion is diverted to the uneployment pool... that I am not certain of.
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
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You are right..I was wrong.
At least in that sense....but really the employee is paying in reduced wages....and a portion of the federal taxes go in to the pool.
None the less...requiring people laid off to work community service is a bit demeaning and counter productive to them securing employment.
But yes...I was wrong.
If everybody had like minds, we would never learn. GM Strong
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1. Shut off all foreign aid.
2. Trim federal spending.
3. Boot all illegals out of the country.
4. Tax the hell out of companies that send jobs out of the country.
I AM ALWAYS RIGHT... except when I am wrong.
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Quote:
1. Shut off all foreign aid.
2. Trim federal spending.
3. Boot all illegals out of the country.
4. Tax the hell out of companies that send jobs out of the country.
There ya go again....using that thing they call common sence.
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Just clickin...
Repeal NAFTA, CAFTA and other trade policies.
Repeal China favorite nation status.
The rest will take care of itself.
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Thats because it's not dead yet. It's just frozen beside Ted Williams head
I AM ALWAYS RIGHT... except when I am wrong.
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It's just frozen beside Ted Williams head
thats what that is, I thought that was old bottle of Wiedamen
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The Weidamen in on the lest side. Common sense is on the right side. and sea cows are still in the ocean 
I AM ALWAYS RIGHT... except when I am wrong.
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