Do not intervene
Yes, do intervene
"God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
-C G Jung
I would abolish the corporate income tax tomorrow, for example. Not only is not very complicated (another cause of inequality), it puts us at a world disadvantage overall. People believe takes money from the rich-not really, it essentially is a hidden tax on sales that hurts consumers as well as our competitiveness.
"I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell
Raise the cap on Social Security,
Encourage unionization of workers.
Get rid of minimum wage and welfare benefits. Substitute the government as the employer of last resort.
Quit just playing lip service to ending illegal immigration,
Get the cost of health insurance off of the backs of the employers.
Treat all income as equal for tax purposes. No special rates for capital gains.
Don't bail out entities "too big to fail" then let them pay their chiefs multi billion dollar "bonuses."
That would be a good start.
Can't we just turn Congress off and then turn it back on again?
I do think we need better fiscal policy - politicians need to do a better job of balancing the budget for the overall health of our economy.
But I think what's most sorely lacking is some kind of a plan, politically. Whether that's taking another look at our banking laws, re-examining our trade policies with China, or investing in ways that we can manufacture goods more efficiently here at home (robotics, for example), I don't see any real leadership from Washington on these matters.... and that concerns me.
-Invest in technologies that could make us more price-competitive on the manufacturing front.... like robotics
-Regulate consumer lending policies more carefully
-Close tax loopholes for companies moving overseas
-Work with international banking establishments to put pressure on China to end it's currency manipulation
Good point, lizzie! The only way to make sure clothing is made in America today is if you know someone who sews, and is willing to make clothing for you. From the books I've read, during the Great Depression, every homemaker knew how to sew, and made everything from underwear to everyday clothes for children to their husband's work shirts and pants. You can believe that what was produced was far better made than some of the stuff for sale today, too, because it had to be made to last, since there just wasn't enough money for "one-time" wearing of anything. Do schools today still teach girls to sew, or did that go the way of learning how to preserve foods by canning or drying for future meals? Most Americans aren't lazy...it's just easier to buy even crappy stuff than do it yourself, since many women have jobs outside the home today, and just don't have time.
You're right about that.
Still need to show enough fiscal responsibility, though, so that confidence in the dollar remains strong. I think we're too close to the edge there, so someone needs to go through our government programs with a fine tooth comb and cut the ones that aren't producing.