I was sent an email suggesting ways to fix the economy. I’m sure it was satire (Dear God, let it be satire!) but here is the meat of it
“Patriotic Retirement Plan”:
There are about 40 million people over 50 in the work force. Pay them $1 million apiece severance for early retirement with the following stipulations:
1) They MUST retire. Forty million job openings – Unemployment fixed.
2) They MUST buy a new American CAR. Forty million cars ordered – Auto Industry fixed.
3) They MUST either buy a house or pay off their mortgage – Housing Crisis fixed.
It can’t get any easier than that!!
P.S. If more money is needed, have all members in Congress pay their taxes…
So the suggestions are:
-Discriminate against the aging, and completely wipe out Social Security.
-Print money and give it to a failed auto industry that uses ever-scarcer, polluting fuels.
-Printing MORE money, and giving it to the banks that have resumed risky bubble-building trading and speculation without significant regulation or oversight.
You know who else prints money to solve their economic woes? Zimbabwe.
According to the Cato Institute, Zimbabwe’s inflation rate (of Mid-November 2008) 79,600,000,000%. Prices effectively doubled every 24 hours. (http://www.cato.org/zimbabwe)
Imagine starting Monday with a $2.50 loaf of bread being $5 on Tuesday. $10 on Wednesday. $20 on Thursday. $40 Friday. $80 Saturday. $160 Sunday. By the time you need to buy another loaf next Monday (kids gotta eat, right?) a single loaf of bread is $380.
My solutions:
-Bring our troops home from Iraq, Afghanistan, Pakistan, Japan, and Germany, and shutting down those bases.
Bringing our soldiers home from the sandbox alone would save about $1 million dollars per soldier per year. Put them to work rebuilding major infrastructure projects that the Army Corps of Engineers says are crumbling, or insufficient (New Orleans’s levies come to mind).
-Legalize, regulate and tax marijuana and prostitution.
Not only would that create jobs, bring in millions in tax dollars, there would be billions in savings for Federal and State governments who don’t need to put people in prison for petty crimes. Mexican drug cartels would not have a major source of income, dropping violence at the borders and in parks -saving more money in police/security.
-Nationalize energy and gas utilities, and make an immediate infrastructure switch to Wind, Solar, Nuclear, Geothermal power, and hydrogen-electric vehicles.
Millions and millions of jobs would be created. We proved we can do massive economic switching and retooling in WWII, when we went from producing thousands of cars to producing thousands of airplanes, jeeps and tanks in a matter of months. The middle east -a major source of problems and our oil- would not hold our economy by the balls, and fuel prices wouldn’t spike just because of a hurricane in the Gulf of Mexico. It would require a lot of spending to do, but long term environmental impact not happening would save us a ton of money, and keep us healthier. Speaking of health…
-Single-payer health care.
Either make all health service providers non-profit (Canadian style) and set up the government to run insurance on a 21st century digital platform, or make health care providers government employees (UK style) and set up a standardized-across-the-
country 21st century digital platform for records and sharing information. Make these services available free of charge for everyone in the United States legally and with proper documentation.
-Steep tariffs on goods not produced inside the US.
Every other country does this to encourage people to “buy local” and they have more manufacturing and distribution jobs. We outsource everything, for free. We sometimes provide “tax incentives” to companies that hire domestically, but that is not the same as making it more expensive not to. Don’t confuse FAIR trade with FREE trade. Imagine how much happier and more confident American consumers would be if they called customer support and got an American that spoke American English.
This is not isolationist policy. This is leveling the playing field and giving American workers and the American military a fair chance. We’ve been calling it “National Defense” without doing any defending here at home. You can’t attack to defend. That’s called aggression.
Admittedly, it worked really well for the Roman Empire. And the Holy Roman Empire. And the Ottoman Empire. And the Austro-Hungarian Empire. And the British Empire. And the Japanese Empire. And the Nazis. And the Soviet Union. They’re all still around, right?
If you want to cry “Socialism,” go ahead. Just remember we have also socialized (government owned) the Police, Fire, Rescue, Military, Postal and Railroad services and our primary and secondary schools. People can use private security, fire protection, ambulances, FedEx/UPS and freight companies, and private primary and secondary education if they want to and can afford it.
However, isn’t it nice to know there’s a “strong public option” for the rest of us?