Re: How do you think these things might help USA economy?

On Jan 28, 9:33 am, seeker <mothman20052...@xxxxxxxxx> wrote:
1) Bring back tax deduction for loan and credit card interest to
stimulate credit markets

For a family primary residence. But that is already happening.
I would also agree to tax free credit for BUILDING or REMODELING a
secondary smaller (vacation) house but not for buying already ready.
However, I would limit the tax deduction to upper middle class. So,
you will be eligible if your average family income is no more than 15
times the minimum wage per economy.

For credit cards no way. The last thing you want to do is to keep
encouraging irresponsible behavior on both size. The worst thing on
this proposal is that you will encourage lenders to target people
ineligible before by giving them a higher rate. This is exactly the
type of irresponsibility that helped create this mess. No way !

What gov. shall do here is to set up a law to put a LIMIT on how much
credit cards can charge.

2) Raise tariffs to curb imports and enccourage USA made products

Tariffs are a double edge sword. They can be very useful, but must be
used with caution.

In principle, I fully agree with SOME tariffs how long they are
carefully selected to help rebuild some vital manufacturing sectors we
already destroyed like idiots by offshoring.


3) Revise the federal minimum wage to a more realistic living wage

Yes. Minimum wage must be adjusted yearly to be livable based on the
changes in the economy.


4) Offer much higher tax deductions on energy efficient technologies
and their use by homeowners and businesses

100% agree,


5) Establish safe, well-maintained complexes by which elderly seniors
are guaranteed an affordable,dignified living situation overseen by
state governments and maintained by private contractors and scattered
throughout each state. This would assure no elderly person on a fixed
income is without a decent home and whose rent is tied to a function
of their yearly income.This occurs already but i am proposing on a
much more massive scale.Such complexes perpetually run by the state to
serve innumerable seniors in the future.

Fully agree it must be done otherwise we are headed toward a third
world like humanitarian crisis in the near future.

6) Establish vast underground hydroponic farms to supply food where
the climate poses significant risk of crop damage above

If you believe in 2012 doomsday scenario this would be the
priority :-)

Otherwise, I am not sure that such investment will be economically
viable.
We will rather need to take swift actions to reduce CO2 emission to
try to prevent such uninhabitable conditions to happen in the first
place. Once we take leadership as an environmental friendly country,
we can use economic pressure (even climate related embargo if needed)
to have China and India and other major emitters curb their emissions
too.

And this will probably be the worst legacy of Bush administration.
With a mentally sane administration, US would been already an
environmental-friendly country ready to lead the world toward
salvation from climate change. Unfortunate, for last 8 years we had a
gang of corrupted oilmen in charge and they did their best to destroy
any ability of US to take leadership in the issue. Without a personal
example, we are unable to put pressure on China and India (which are
huge unclean countries) to curb their emissions.
We had 8 years on which we lead the world toward total climatic
destruction. From this point oif view, Bush will be always be seen as
a criminal responsible for deaths of starvation and climate events all
over the world. And he fully deserve this evil stamp.

7) Encourage building DOWN, not up, to take advantage of geothermal
climate regulation while increasing forests and arable land above.

Not sure is a viable alternative. At least not now. At least not in
US.

On the long run however, this WILL most likely happen. But it will
start on countries with a higher density of population than US. Expect
this trend to start in countries like Monaco, Singapore or Taiwan
where they do have a serious population density issue.

.

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