Andylusion
Platinum Member
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees.
-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
Nearly all of those would be horrible. And it's so obviously bad, it's hard to believe you would even post something like this. Worse yet, the damage of most of these would be compounded by the others.
So let's triple the cost of labor, with a insanely high minimum wage.
Then let's eliminate tax deductions, write offs, write-downs, thus drastically increasing cost on business.
Then let's lower prices.
Then let's force the sell off of all off-shore investments, thus eliminating that source of revenue for our companies.
So costs to business go up. Taxes on business go up. Revenue from goods sold goes down. Revenue from off-shore investments go down.
Do you know what happens next? Half the business throughout the country go bankrupt. Hundred million people or so, end up unemployed. The US sinks to 3rd world status in a matter of years.
Bad plan. Stupid plan. Need to learn some economics, and then rethink your entire position.