The people north of Main Street say they can’t understand how to get the economy going. And it’s getting serious now, it’s affecting their bottom line. First, they have to wake up to the fact: they sucked all the money out. They killed the engine that ran it, namely the American consumer. They’re not going to like what they have to do next:
#1 – Eradicate Work-At-Will – employees need to know the rug can’t be pulled out from under them in a moment. Who wants to buy a car on Saturday, when they don’t know if they’ll be cleaning out their desk on Monday? Give workers a fighting chance to keep their jobs. If companies need to lay off workers, make them incorporate separation compensation — equal to the span of time it’s currently taking the median worker to find another job — into their brilliant, accolade-gathering downsizing plans.
#2 – If mortgage holders can’t prove they hold the mortgage, courts must turn them away. If you don’t have a receipt for the shirt you bought last week, do you get your money back? The same should apply for an industry that has committed outright fraud. Stop wasting tax-payer (consumer paid taxes) money on courtroom machinations. You don’t hold the deed, you’re out of luck. Consider it a lesson in how to organize your paperwork .
#3 – Repatriation: If companies won’t bring back their offshore headquarters unless we reduce the taxes on the revenues they made outside our country, then take their registrations back. Make them jump through the same hoops as foreign countries. You want to be a U.S. company, pay your full taxes and get your butts back to the U.S. by X-date. Yes, give them an expiration date. That’s the cost of being a U.S. company. That’s the price tag. Pay it or get out.
#4 - Remove the ceiling on Social Security – If your income rises above $150k, or whatever the ceiling is now, you can certainly afford to continue paying the taxes minimum wage earners have to pay.
And that’s all for now from Planet Finance
Maureen Nevin Duffy
