The super wealthy want us to think if they pay fair taxes it will take them out of prosperity and effect business which will lower wages. It will not, billionaires can pay more taxes and thier businesses will be fine and they will still be super rich. Almost all of them pay the least they can to employees no matter how much taxes they pay.
We all know the economy is injured thanks to crooked banks and politicians. I couldn’t be happier seeing people leaving their corporate banks and finding local or at least smaller ones. BofA has miles of real reports of them simply stealing, lying, and hiding fees that will get you every time. Actually huge banks make more money off penalty fees then the accounts themselves. Wells Fargo added more fees then people should of got on mortgages. The list goes on but that is neither here or there. The banks faults are not the point of this post, this is more about how to fix the damaged economy these banks too for granted and selfishly tanked. All numbers are estimated based on 5 years and are based on wika data. 1. Lighten all law enforcement. Simply put we have way too many police and highway patrol. The reason is because it’s a business writing tickets and arresting people. But now more then ever the government needs to quit stealing from it’s people. Driving 55 does not save lives, it’s just gives cops a reason to ticket people driving a realistic highway speed. Amount put back into peoples pockets: $56 billion 2. […]
You might be asking yourself, what is this 1% hype all about lately? It spawned the protests/riots in Wall Street and many other cities around the US in the last couple weeks and it has economists and pseudo geniuses like myself seriously worried about the future of our society. I am sure you are well aware of communism and the slippery slope it can be for societies. I fear from the lack of proper regulation and action our capitalist system will soon have the same stigma or worse. The main reasons that communism is bad is that it overlooks the human nature of greed and chain of command which in turn inevitably causes chaos. Meaning at some point someone or one’s is going to want more and if they cannot earn it they will find other ways to get it, like violence and thievery. On the other hand, allowing people to take as much as they want in a purely capitalist society has even more detrimental effects in the long run as we are seeing now. There is a huge myth that banks ruined our economy by bad lending, this is not true. The money is still here in fact […]