The only real solution to the constant up & down cycles of the economy is to eliminate the core cause. That would be the progressive tax system now in place taxing the earning power of Americans.
It is counterproductive in a capitalistic market economy. If we switched over to a consumption tax system the earning power of Americans would immediately rise 30% or more, companies and Americans investing in the stock market would have all of their assets to confidently invest in the future with and the government would still be generating more than enough consumption tax revenue to provide services to the American people.
As we know there is enough blame to go around with the current economic mess but now is the perfect time to contact our state representatives and tell them that the American people are fed up with constant wasteful spending and that includes “forced taxpayer bailouts” through acts of Congress for their spit-swapping buddies on “Free Fall Wall Street”. All government agencies need to “justified for their existence”. If the agency does not perform a direct beneficial needed service to the American people then it needs to be abolished.
With the term abolished in mind all of those on capital hill that voted for and continue to vote for “forced taxpayer bailouts” need to be abolished also. The next election cycle is right around the corner, please remember their names. The cry that the sky would fall if we did not pass the bailout has fallen on deaf ears as Wall Street grabbed your billions and locked the doors….
When children get caught stealing from the cookie jar you do not
discipline them by handing them more cookies!
America needs candidates and representatives of any party that will always put the common sense needs of Americans first and foremost.
Americans are being forced to learn to live within their means and will do so and come out better for it. They expect their government to do the same.
Jeffrey Shawn
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