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Chet Ruminski Wrote: Yes they are. But if you would try to understand how I want that done you might agree. Give incentives of any and every kind imaginable to jobs producing investing. Penalize investments that stagnate and remove money from the economy. In that way the country will prosper and everything will be rosy.
How do you know this? How would you pick and choose which investments should be penalized? How would any investor know if their investment will or won't work if they are penalized for investing in something that might not wind up working out?
Do you see how this might have the exact opposite effect than what you claim to want? If investors are penalized every time they make an investment that doesn't work out then they will be less and less likely to invest in anything and instead park their money elsewhere.
Chet Ruminski Wrote: Full employment with living wage jobs. Remember, the main and only action of my plan is to use the tax code to produce jobs through investing. I have said that if the country is prosperous throughout the entire income scale everything will fall into place.
I'm all for a living wage, but full employment is a pipe dream that isn't based in reality. What good paying jobs do you recommend we create for failing and failed towns that have little infrastructure and no hope of drawing tourists during their holiday? What good paying jobs do you recommend we create for high school dropouts with little to zero qualifications for a job in the modern world? What about individuals convicted of a crime and are now carrying around a Scarlet Letter for the rest of their lives? The list can go on and on.
How are you so certain that "everything will fall into place" if everyone is prosperous throughout the entire income scale? What does "fall into place" even mean?
Does your "plan" take into account various factors like someones health (both mental and physical), qualifications, education, and location? Does your "plan" look into whether or not it's wise to spend an unlimited amount of money on towns that are dead or dying?
Chet Ruminski Wrote: The lower class/income people are generous to a fault. More generous than any other group. They will give money for clean air, water, animals and vegetation more than any other group. Even with little or no money they donate to charities at a percentage greater than any other group and percentage wise shame Bill Gates. Then unions won't be needed because entrepreneurs will be seeking labor.
I really have a hard time understanding your pathological hatred of Bill Gates. Shame him for trying to make the world a better place! Shame! Shame!
Yes, lower income people give a disproportionate amount of their money to charities and they should be commended for that, but how do you know for sure they will continue to donate a disproportionate amount of their money to charities if they suddenly didn't have to worry about money anymore? There aren't many peer reviewed studies out there that look into the charitable giving of people who were once poor, but aren't poor anymore so I have a hard time understanding how you are so confident that poor people will continue to give the same percentage of their income to charitable groups.
Chet Ruminski Wrote: Try and understand that the stock market and Wall Street left to their own devices have no interest in a goods and services economy. Wall Street is only interested in making as much as possible with the least amount of work. Penalize that lazy thinking with taxes and reward jobs producing investmenting and life will be great. The country is made of people and given their choice they will chose prosperity. Let the country benefit everybody. You don't have to give anybody anything. Let them work for what they want, including Wall Street and all financial businesses. Work for money.Opportunity and fair dealings are all that is needed.
I really don't think you understand Wall Street. Wall Street is not a monolith; it's the financial capital of the United States and is made up of thousands of companies that are publicly traded.