This Article has to do with what Steps we need to take to get the US Dollar (the US economy) to go back up again. There are 6 KEY Steps that we need to take to put the US economy on correct path, to make it competitive again with European economies. These 6 Steps are listed below.
So if you care about your livelihood, from your Jobs, to real estate prices, to savings, etc. then Vote to office representatives that are for implementing these Steps, which steps are already taken by European countries, as a result of which their economies are doing so much better than US economy as evident by the Euro which has gained an incredible amount over US Dollar.
1- We need to immediately offer Universal Health care & Education, which means these essential services offered to the People for the Taxes that People already pay. This would result in a stimulus package of about $25,000 per year per family of 4, or about $12,000 per year person.
This is the same thing that European countries offer to their people. And need we repeat how well European economies are doing as a result? So then lets admit that the European experience demonstrates beyond a shadow of doubt that by offering JUST a few essential services as Universal (socialized) services, that the rest of the capitalist economy will do much better, again as per European economies doing much better than US economy as evident by US Dollar that has lost an amazing amount vs Euro.
2- End the Iraq War. End this colossus waste of our Taxes, set aside waste of so many American soldiers and Iraqi civilians lives AND this end will also be an end to the people World Wide boycotting buying American goods or coming to USA for this reason.
Ending this War will allow us to invest the $20Bill per month of our Tax money, at MINIMUM, that is wasted on this unnecessary War on American people/society, making provision of Universal Health care & Education to be as easy as it is for French, Germans, etc., who offer their people Universal Health care & Education rather than having their Taxes wasted on unnecessary wars. Also ending the Iraq War will
result in people World Wide that have been boycotting US goods since the start of the Iraq war to end their boycott.
After all in todays World there is NOT a thing that US companies make that European companies dont make as good or better, so whenever given a choice between a European made product and a similar US made product, people World Wide are choosing European made products because of the Iraq War which they consider to be an Unjust & Criminal act and one that they will not support which they perceive, rightly so, that their purchase of US made goods will support. Similarly Millions of people World Wide are not coming to US for visit, and instead going to Europe with their money, again not wanting to spend their money in US which they perceive would be an act of supporting the Iraq War.
3- Reduce the US military budget by 50% to $250Bill. At $250Bill US will still have the World's # 1 Military (budget) by far.
Invest these savings in American people/society.
At $250Bill US military budget will be an amazing 500% larger than the next largest Military budget, which would be the Chinese, and similarly far greater than the Russians and still greater than the military budget of all the EU nations combined! US military budget is simply out of control and one that we cannot afford.
4- Tax the rich at the SAME rate that non-rich are Taxed. Not more, but just at the same rate. Astonishingly in US the Super rich pay a less percentage of their income as Taxes than the average people do. Specifically this means everyone should pay 7.5% FICA Tax, not just those making $75K per year or less.
To be exact someone right now making $10Mill per year will pay FICA on the 1st $75K of their income, which means a Tax of 0.075% on them. And someone making $75K per year will pay FICA on the 1st $75K of their income too, which means Tax of 10.00% on them. What kind of injustice & insanity is this! In all civilized countries as you make more you pay a slightly higher percentage of your income as Taxes, here in US it is the EXACT opposite and of course this is ONE of the main reasons our economy doing so badly.
5- Increase interest rates to ECB rate This step taken along with the above steps will send the US Dollar in a quick order to parity with Euro. Which will result in massive inflow of capital back into US, resulting in rise of real estate prices and other assets in US to same levels that they have risen in the rest of the developed world. OTN, interest rates are currently on average 6% in Australia & New Zealand and their real estate markets/prices are doing good to great.
6- Limit interest rates and fees that Credit Card Companies can charge Limit the interest rates that Credit Card company or any loan providers can charge to 100% of the Prime Rate. 100% over prime rate is an incredible ROI, giving any reasonable financial institution with ample
room for profit making, anything more than that is "criminal" price gouging at best. And also eliminate late fees and other fees that they can charge, after all credit card companies are making substantial money on outstanding balances, so why in gods name on top of that they should be able to charge late fees!
Take the above steps and in NO time US economy, Dow, Dollar, real estate prices, etc. will be on a healthy course to recovery. OTOH, failure to take the above steps will mean More job losses and business failures in US as capital is not invested in US, due to reasons already stated
which will lead to ever more economic difficulties in US as we see to be the case every day.
