Do like we did in the 80's. Make Real Estate Investments (along with REIT's) a tax shelter. This time, not care if there are a few people who don't pay any taxes, as long as the money is going to fund jobs and job growth, who cares! http://www.nosocialism.com/2012/01/how-to-fix-real-estate-market.html
redistributing wealth from the wealthiest earners and businesses to pay off the mortgages of the poorest home owners to stop the foreclosures
The problem with that is you're moving money from the Productive Economy to the unproductive economy, so once those poor homeowners get a year or two of help and you've effectively destroyed the wealth, what then? No, I say we do what we KNOW has worked in the past. Put that poor homeowner back to work, so he's no longer poor. Now he can pay his own mortgage.
no the proposal was to completely pay off their mortgage, if the poor own their homes outright that would fix the real estate market and help the economy at the same time
Here's the problem, when the Obama administration talks about "Millionairs and Billionairs", his LEGISLATION targets anyone making over $110,000.00. Those are the small business owners of America. The ones creating 80% of the jobs. Your proposal would be to ROB the Job Machine of the U.S. to give the money to the poor. Then what? You've just destroyed most of the wealth in the U.S. You've just destroyed most of the Job creators. Then what? Do the poeple now turn to the poor guy to create jobs? He's poor, which means he CAN'T EVEN TAKE CARE OF HIMSELF without help!? How does that fix things? As I've said we need to go back to things that have been PROVEN to work and my proposal has already been proven during the 80's. If you read my article, you would know that I'm also for expanding it to Manufacturing. That's where REAL wages are earned and THAT is where we need to invest, not in some poor guy who can't even take care of himself. If we put the nation back to work, the poor guy takes care of himself.
Politically hard to do, Bankers would profit the most and they're ALREADY the most profitable industry in America. We need to do something for the Manufacturing and Real Estate industries. Bankers don't really create too many Blue Collar jobs. Blue collar workers have been the hardest hit by this recession.
Because printing money like that would simply create a MASSIVE level of inflation, that would linger once the money is gone. In the long run, the 200K giveaway would simply destroy any wealth still left to the Middle Class. The only winners would be those like Soros and Beck who have tons of Gold.
rob who they net profit over 100k a year more than the average worker they can afford to pay more taxes to help the real estate market out why should they be exempt from paying their fair shair just becaue their job creators they aren't inherently better than the middle class they just had more access to capital to start a business
The top 10%, (those making over 112K a year and are the target of these new "Millionaire taxes") are already paying over 70% of all income taxes. What EXACTLY isn't fair about that? Also, as a consultant I see a LOT of small businesses and can tell you that there aren't too many of them who net over 100K a year from each worker. Many get Far, FAR less than that. All this however, misses the point. You're talking about politics of envy, I'm talking about REALITY. Here's the simple reality. How is transfering wealth from PRODUCERS (those who provide jobs), to the poor going to help the overall economy in the long run. Will that poor guy now provide someone with a job? I seriously doubt it.
That's the problem with my posts, I deliver such devistatingly irrefutable logic, that no one can argue with me and the thread ends in an early death.
Don't underestimate liberalminority - or any of his leftwing buddies. Sound arguments do not stop them from taking issue. Any of them would sully the reputation of a butterfly, because it had the nerve to be more fortunate in life to be given beautiful wings, while they look to subsidize the lives of moths.
