New Stimulus Plan Is Needed For the U.S. Economy's Long Road Back to Health

Where has it worked?

There is no evidence that any stimulus has ever worked. Even if they did, isn't it far too early to score the current one's effect?

It is amazing how many pundits and congressmen now worry that their nearly trillion dollar gamble isn't going to work. Yet instead of knowing when to quit they are doubling down.

Stupid Steve's Savings Smackdown

Retirees would just love this as all of their savings have already been battered! Sounds like a liberal wanting to bash the people who have tried to do the right thing and save for their retirement. May the IRS tax Steve's income at a 99% rate and see how he likes it.

Don't Stimulate the Politicians

Lower taxes and reduce the number of people on the state and federal government payrolls. Too much of the original stmulus plan was to kick in from 2010-2013 to get Obam elected again by the non-taxpayers in the US, currently about 60% of the population. The failure of the stimlus paln was that it was done for political reasons and not to truly solve immediate problems. Bank bailouts have the banks afraid of their own shadow as a result.

stimulate spending

One way to get people to spend would be to tax savings. Not just interest, which is already done, but the principle. Perhaps let people withdraw from their 401(k) and IRAs without penalty and, at the end of the year, tax the amount left in.

If savings is the problem, and if the old adage that whatever you tax you get less of is true, the solution seems obvious.

BRILLIANT ZUCKERMAN...

Let's print more money... Wait! I have a better idea, have the government declare that grains of sand are dollars and we all go to the beach and save the Rain Forest!

no way

Yes, that's all we need is another stimulus directed right to Democrats' special interest groups, another trillion down the drain. The Dems had a chance to do a real stimulus and look what happened. How on earth are they going to come back and say we need another one? Bluedogs will bolt and constituents will freak out. That's what was so bad about the first one, we only one shot at it, and the media decided to ignore what the Dems were planning on doing. So amid all the cheers and clapping when the "stimulus" was signed, at least some of us were paying attention to what was really going on. Only 50 billion for infrastructure! What a joke!

Cutting capital gains is dumb

While a further tax cut might do some good the worst tax to cut would be capital gains. First off it would do nothing for consumption which is the problem. Second what capital gains. Cutting capital gains is like saying lets spray gasoline on a fire. If we want a tax cut better to cut taxes on incomes below $100,000 that will increase spending. Since that would reduce revenue increasing upper income taxes to balance it would make sense.

One idea might be to eliminate the cap on social security taxes and put in place an exemption on the first $10,000 in income. That would immediately stimulate the economy by 2,800 per worker and likely be revenue neutral or better.

It would also be more equitable. Why should high income people pay less tax then everyone else.

Try enhanced Profitsharing.

What if a business could plow up to 20% of net profits back to employees instead of the government,and get a 60% tax credit on that profitsharing?

-The profitsharing tax credit. www.profitsharinguprising.com

Household income would immediately improve.

Low paying jobs are transformed into partnerships.

It is business friendly.

It would be an investment in productivity and a built-in stimulus. It would pay far more than it costs.

Pay it regularly as profits are calculated. This is in addition to wages.

It dovetails the left and right. It is politically neutral.

Check out the free book online that outlines the strategy.

This will refine capitalism as we know it.

Simple Math

Eliminate capital gains for 7 years. Allow companies that produce a "real cash" profit a moritorium on State and Federal Corporate Income Tax for 36 months. Make it possible for owners to get permits to build product and infrastructure within 12 months of submittal from ALL governmental agencies.

Provide guarantees to banks making land, construction and development loans to their customers, without arduous strings attached. And DO NOT give money to the corporate giant banks. They can't keep track of there own let alone the Governments, or they lend to overseas entities.

Use common sense is my best suggestion, that seems to be lacking in every case...