Great summary of what I wish I could see. Unfortunately, with the politicians we have, it could take awhile to get it. Unfortunately, you forgot to include enough grift. Left, right, grift runs Washington. I like the common sense environmentalism, many people on the right think carbon fuels are here forever. The Left wants huge windmills, and solar to fix everything. the right wants fossil fuels, big cars, constant consumption etc, to prop up the economy. I like your way better
I'm in. I don't spend a lot of time thinking about how to redesign the economy, I'm glad you are doing that heavy lifting. I agree on pretty much every point, this would be a much healthier economy, nation and people.
> Supply Side Economics and Christian Conservatism don't mix so well.
Are you too dumb to tell the difference between GDP and the productivity that it's frequently used as a proxy measure of, or do you think your audience is?
You had me at "eliminate/simplify the income tax". I hate income taxes so much that I would probably go along with almost anything if it meant doing away with the abomination that is the modern income tax system.
there's also a link from the Prof. to a PDF I'll find for y'all and repost it under this comment but TVP is a scrupulous non-profit 501 3c organization doing good work and deserving of 7.00, although you can get a free sample on Google Play store and iPhone apps store too.
Pay off the national debt? The debt is $259,000 per household. But many, perhaps most, households are not net productive, in that they receive more from the government than pay in taxes, so they are part of debt problem not a solution. Taxing them cannot pay the debt. You can only tax productive people to really pay off the debt.
So that means that every household will have to be taxed, say, $400,000 or more to pay the national debt. How is that going to happen? If they all sell their houses that would not be enough to pay the national debt. And whom would they sell the houses to if everyone else is also selling their houses?
This is situation our rulers have put us in.
You are probably right that the only way out is to sell America to the foreigners that we owe the debt to. But Americans will never allow that. So the U.S. is insolvent with no way out. Right? You are correct, an insolvent nation going on the gold standard will not solve anything.
Great summary of what I wish I could see. Unfortunately, with the politicians we have, it could take awhile to get it. Unfortunately, you forgot to include enough grift. Left, right, grift runs Washington. I like the common sense environmentalism, many people on the right think carbon fuels are here forever. The Left wants huge windmills, and solar to fix everything. the right wants fossil fuels, big cars, constant consumption etc, to prop up the economy. I like your way better
I'm in. I don't spend a lot of time thinking about how to redesign the economy, I'm glad you are doing that heavy lifting. I agree on pretty much every point, this would be a much healthier economy, nation and people.
> This is why the income tax was added. The income tax was originally meant to be a tax surcharge on the super rich.
And one could learn a lot by contemplating how quickly it expanded beyond that.
> GDP goes down.
> It's all enough to make a Supply Sider cry.
> Supply Side Economics and Christian Conservatism don't mix so well.
Are you too dumb to tell the difference between GDP and the productivity that it's frequently used as a proxy measure of, or do you think your audience is?
You had me at "eliminate/simplify the income tax". I hate income taxes so much that I would probably go along with almost anything if it meant doing away with the abomination that is the modern income tax system.
Hi Fabulous. What if you spent your adult life redesigning Society & Civilization, would you finish?
This man did and his partner complied his assays, interviews, lectures and contributions here:
https://www.thevenusproject.com/honoring-the-visionary-legacy-of-jacque-fresco-transcriptions-of-his-visionary-lectures-completed/
Their book should be considered the 20th Century Bible of mankind:
THE BEST THAT MONEY CAN'T BUY
Beyond Politics Poverty & War
By Jacque Fresco & Roxanne Meadows
https://www.thevenusproject.com/product/the-best-that-money-cant-buy-ebook/
there's also a link from the Prof. to a PDF I'll find for y'all and repost it under this comment but TVP is a scrupulous non-profit 501 3c organization doing good work and deserving of 7.00, although you can get a free sample on Google Play store and iPhone apps store too.
I recommend Chapter 12: 'Changing Human Nature'.
Seriously,
ORION
Pay off the national debt? The debt is $259,000 per household. But many, perhaps most, households are not net productive, in that they receive more from the government than pay in taxes, so they are part of debt problem not a solution. Taxing them cannot pay the debt. You can only tax productive people to really pay off the debt.
So that means that every household will have to be taxed, say, $400,000 or more to pay the national debt. How is that going to happen? If they all sell their houses that would not be enough to pay the national debt. And whom would they sell the houses to if everyone else is also selling their houses?
This is situation our rulers have put us in.
You are probably right that the only way out is to sell America to the foreigners that we owe the debt to. But Americans will never allow that. So the U.S. is insolvent with no way out. Right? You are correct, an insolvent nation going on the gold standard will not solve anything.