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How to fix the economy.

Name: SBO Charles !TzcAECrLis 2013-07-26 21:21

Do we really need more aircraft carriers? How much have we spent on the F35 and drones already? Divert military spending towards the troops, intelligence and special forces. Cut military spending and discretionary military spending in general.

Increase legal immigration, deport illegal immigrants.

Legalize, tax and regulate cannabis. Focus the war on drugs on drugs that make people emaciated and toothless.

Public education adopts practices from Finland, Shanghai cram schools and Jamaican school sports. Promote STEM and introduce computer programming from an early age. Humanities should promote a more scientific attitude.

End all mercantilist policies, the only extra taxes on imports are those needed to fund customs searches, only arms shipments and related materials are regulated beyond normal. Explain to voters that the best way to respond to foreign competition is immediately and to remain competitive.

Fact: If an economic downturn is due to physical causes not due to lack of aggregate demand, lowering interest rates and increasing government spending will result in stagflation.

While keynesian economic was logical and sound, modern neo-keynesian economics has nothing to do with it, it is mainly the result of political lobbying to abuse central banks.

The federal reserve's role is to respond to the market value of capital, lowering rates in proportion to how much of the downturn is due to lack of aggregate demand. The economy is neither driven by spending or supply alone, it is driven by both, you promote spending by facilitating the development and production of quality goods and services at low expense, enough to tempt even the most miserly of holdouts.

What else? Have I missed anything?

Name: Anonymous 2013-07-27 1:58

>>1

You forget to mention to tax the rich just like President Obama did to narrow gap between rich and poor.

Instead of practicing welfare policy that will bankrupt the country's treasury , implement instead an social security savings plan which any citizens regardless of employer or employee must contribute an certain percent from their income to their social saving account and they can only withdraw this "saving" until old age like until they reached 60 years old.

Name: Anonymous 2013-08-13 13:22

Name: Anonymous 2013-08-13 14:04

>>2
Smart people, on 4chan? It's more likely than you think.

Name: Anonymous 2013-08-13 14:10

>>4
I believe that it would be easier if you'd do the opposite: At birth, you owe your government a solid , zero-interest sum which you will never see handed to you by the government. Therefore, your taxes aren't flat, they diminish to a fractal sum that can be paid off in your life time instead of this yearly nonsense that is made worthless by interest that we deal with now. Immortals and singularity-enthusiasts benefit the most from this because who else needs more money than these people? Sparkle-on, vampiric veteran heroes.

Name: Anonymous 2013-08-13 19:42

If life is difficult, people excel. Along with their business associates, world governments are doing well to squeeze most people between rising prices and taxes and declining incomes. Along with lavish military spending, this increases human ingenuity and technology.

A privileged few will benefit from all of this, but their lives are not the business of the hoi polloi. They are entitled to their privacy, and you should go back to work doing your duty as a human being.

If you think the system sucks, resign yourself to the fact you were born a lab rat and not a lion. It must suck to be you.

Name: Anonymous 2013-08-13 20:24

The importance of increasing taxes on the rich cannot be overstated.  Income inequality has gotten ridiculously high.  It is in the best interest of everyone (including the wealthy) that this wealth is redistributed.

Name: Anonymous 2013-08-14 8:05

Jews can fix it, but refuse to...

Name: Anonymous 2013-08-16 12:15

I love how the gay-vampires >>5 always try to blame the Bronze-age goat-herders >>7 . Seriously, you are like 2000 years old. Grow the fuck up.

Name: Anonymous 2013-08-16 12:16

>>8
He's talking to you. He's just too stupid to type >>8. So he typed >>7 instead.

Name: Anonymous 2013-08-16 16:27

>>10 here again: I'm with >>8 though

Name: Anonymous 2013-09-17 12:55

Germany's conundrum: low jobless rate, low pay

Up to 3 million earn less than €6 an hour, despite robust economy

BERLIN - Chancellor Angela Merkel often boasts during the campaign for the Sept 22 elections that Germany has one of Europe's lowest jobless rates - at around 6.8 per cent. But it comes at a price.

   As many as three million people in Europe's top economy earn less than €6 an hour, meaning Germany has one of the biggest shares of low wages in Europe, a fact that Dr Merkel's critics have jumped on.

   "We've become a country of low wages," sighed charity worker Renate Stark, who every day confronts the struggle of workers paid too little to make ends meet, despite Germany's booming economy.

   From pizza deliverers earning an hourly €6, to young journalists on less than €750 a month, the 55-year old social assistant for the Catholic Caritas organisation can reel off many such examples.

   One man Ms Stark helps has been working as a packer at an online sales company in Berlin for four years on €3.50 an hour and cannot find another job.

   Like hundreds of others, Ms Stark said, he scrapes by mostly thanks to certain welfare benefits. But when these are not enough, he turns to charities.

   "I began this job 21 years ago and it wasn't like that," she said. "The situation has become really serious in the past five or six years."

   To be sure, many of those hired by Germany's industrial giants enjoy enviable conditions. But unlike most of its European partners, Germany has no national minimum wage.

   According to figures compiled by the IAQ Institute for Work, Skills and Training, more than one in five empolyees, or nearly seven million people, earned less than €8.50 an hour in 2011. By comparison, the minimum wage in France is just under €9.50 an hour.

   Furthermore, the boom in low-wage jobs has been accompanied by a corresponding rise in "precarious" work, such as part-time or temporary work. There are also so-called "mini-jobs" where employees are paid a maximum of €450 a month and are exempt from paying social or welfare contributions.

   Nearly eight million people were in such low-pay or mini jobs last year, almost twice as many as 20 years ago, according to data by the federal statistics office Destatis.

   Women and all Germans in the much poorer areas have been the most affected by rising impoverishment since sweeping reforms were pushed through under former Social Democrat (SPD) chancellor, Mr Gerhard Schroeder, between 2003 and 2005.

   SPD chancellor candidate Peer Steinbrueck has acknowledged the flip side to these policies, known as Agenda 2010, whose aim was to make the economy more competitive. He has promised to introduce a general minimum wage of €8.50 if he is elected.

   For her part, Dr Merkel has rejected a nationwide minimum wage, which she sees as the root of Europe's high levels of unemployment.

AGENCE FRANCE-PRESSE

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