Instead of the lost gf this confused and institutionalized young man is lamenting in the above classic what we are suffering from is the loss of JOBS and what we are turning into is, unfortunately, Greece. While our economic system could definitely use an enema the real problem is more personal. We, as a society, want more then we have. We have no problem with borrowing to get it and in most cases have no problem with mortgaging our children's future for that new car or widescreen TV today. Perhaps this is because we don't understand the capital eroding effects of QE or the destruction of our global credit that huge debt brings. Perhaps we wouldn't care anyway. Like the dude from NETWORK; I'm mad. However, barring cataclysmic change along the lines of alien invasion or zombie attack I will continue to take it because I see nothing else that will work better. We can't stop borrowing or even slow it down during this Great Recession without huge fallout. China continues to buy our debt to avoid aforementioned invasion/attack senarios. We are all connected. The USA's Great Leader ignored global economic disaster in favor of massive entitlement increases. The world now reaps the rewards of such insight.
This is what needs doing.
1)Fund training programs to get today's youth making money. Total Education Reform is required eventually to start teaching our little cherubs how to earn a living instead of teaching them to be good little Marxists and Leninists. Our government run education system is a huge failure with a capital F. We need to move away from the notion of saving Teacher's Jobs and focus on educating children in the most efficient and economical way. We need fewer but better teachers. I'm appalled by some of the attitudes of some of the so-called "educators" I come across on the internet. I wouldn't want these miscreants anywhere near my child. I applaud child labor. Builds character. Who else is going to fit down the chimney? -jk, no dangerous jobs allowed.
2)Increase financing to small businesses. Regulation has strangled borrowing opportunities. It takes money to expand and hire new employees and the banks aren't loaning. It takes money to make money. Reduce the number of hoops one must jump through to start a business.
3)LOWER TAXES AND MAKE IT PERMANENT. Along with this we must remove various/sundry perks and subsidies and credits and loop holes built in for the lobbyists. Make it simpler and fairer. This doesn't mean soak the rich.
Doing these things will cost money. Some will come from much needed cuts to entitlement programs and some from borrowing but I hope most of it will come from the success of freeing up the private sector to start making money again. Lowering capital gains taxes will have the hated "rich" spending again. I am disappointed in the continued resentment toward the rich. Even to those I wouldn't really consider rich just well off.
I like the idea of being able to enjoy the fruits of your labor. One thing I DO NOT agree with is the massive transfer of wealth down to progeny. I actually support the Death Tax for the insanely wealthy. Folks like Buffet and Gates already understand this and will give away the bulk of their fortunes before their kids get to it. I think Asian and European wealthy families are more guilty then anyone of cheating taxes and passing the wealth to their offspring.
dj
On Friday, September 7, 2012 3:05:31 PM UTC-5, archytas wrote:
Wasn't the Dark Lady a young bloke?--
I think we know that the answer has to do with a fair work deal and
cutting corruption. I'm not sure we understand how disruptive the
rich are and the extent of modern fealty relations. We need to stop
all the hard work nonsense without giving up to free-loaders and
criminals. Race to the bottom competition is the big problem.
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