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5 Ways To Fix The Economy
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5 Ways To Fix The Economy

When we talk about "the economy" it is simply a measurement of the rate at which money flows. 95% of the population spends every penny they earn even when they are doing well financially. When the 95% have more money to spend, the economy is more robust. It's not rocket science, it's common sense. It is the job of the private sector, not the government, to stimulate economic growth but the government can implement policies that are conducive to economic growth.

Stop Punishing Success: The Government is great at creating diversions when it comes to economic discussions. Nowhere is that more apparent than with the "occupy" movement. The 99% are mad as hell with the 1% but why should the government be trusted to fix it? Will taxing the rich do anything for the economy? It will certainly be good for the Government whom has proven their inability to mange money responsibly. If you believe that making the rich poorer is good for the economy, try asking a poor person for a job.

REAL Fair Trade: The U.S. continues to allow cheap products from other countries to flood our market place. Almost every single product we import could be produced right here in the U.S. but competing with companies who can get away with paying their workers pennies per hour kills our manufacturing base. Again, this is common sense. When people buy American made products, higher demand creates more jobs and better paying jobs. This has the effect of more dollars being circulated here and less being hemorrhaged out to China.

Tax Religious Institutions: I know this won't sit well with a lot of people but hey, they benefit from roads, police and fire departments like everybody else. With benefits come responsibilities. I understand churches do charitable work but the do not have a monopoly on charitable acts. In fact, religious institutions do not engage in any charitable acts that cannot be achieved by purely secular means. It's time to pony up.

Force People To Invest: I am not in favor of the government forcing anyone to do anything. What I'm talking about here is, investing for retirement. We are already forced to invest in an unstable Ponzi Scheme (better known as Social Security) which is mathematically impossible to sustain. Forcing people to invest in real assets would encourage economic growth in the private sector and allow people to accumulate real assets that can be passed on to loved ones.

Fix Education: For the life of me, I cannot understand why schools don't teach children anything about handling money. No child should be able to graduate without understanding how to balance a checkbook. They should also be taught to some degree about reading financial statements or maybe even how to analyze investments. Can you imagine how differently societies would behave and operate with financially literacy as an educational priority?

Perhaps these solutions are a bit over-simplified. Especially when it comes to taxation. But at least a couple of these ideas are worth considering and not very hard to implement in my opinion.


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