5 Ways the Next President Can Fix the Economy

Hey Keith of CA, if you are concerned with giving "middle income" earners a break, then why not cut their federal tax liability by expanding the 15% or 25% bracket(or both). Cutting the payroll taxes and shifting the burden of paying for social security away from the lower and middle classes unevenly toward the upper classes is dangerous and socialistic. The intention of the now insolvent social security program was to provide a security blanket for seniors, widows, and dependent children--not fund the retirement of every single American. We have to expect the middle class to pay for its own retirement and stop thinking that the upper class can pay for everything. What happens when the tax bracket at the upper margins becomes so prohibitive that there isn't the tax base necessary to pay for social security, medicare, or anything else? Do you really think any elected official is going to pass the burden back to the mid-class once it is taken away?

T from New York of NY 5:54AM January 28, 2009

Fair Tax is the only answer. From the bum on the street to Big Corporations. All Americans should be taxed equally. Forget tax write offs. A Fair and Equal tax rate were everybody paid an equal amount in accordance to their income would free up a lot of capital that would create jobs, pay for education and

health-care and be an incentive for all Americans to do better and make more. What goes around comes around, but only if it is taxed equally.The penalty for cheating the system would a higher tax rate.

Our current money pyramid is upside down, you can not feed the top and expect it reach the bottom. You have to feed the pyramid from the bottom up. Just like a house you don't build the roof first, without a foundation or walls to hold it up. Where the hell did you go to school believing any corporation or goody two shoe would voluntarily hand the money down to the bottom 2/3rds are you a Republican or what? It's not the corporations that make

America great but the people. If you want a top that holds up you need to build a strong bottom to support it...Corporate Greed has got to go....

wes mullen of AZ 10:52PM January 04, 2009

Lets take a look at Conservative Economic Policy and its flaws.

Cutting taxes - The concept to this novel approach is that somehow it will increase the money supply and it will shift the increased, available money to those who can spend it most efficiently. The problem here is that in no way can cutting taxes increase the money supply. As for the second point, individuals do not spend money more efficiently than government. Individuals are more likely than government to spend their money on products produced overseas meaning that money can no longer circulate in our economy. Moreover, individuals are more likely to spend their money on entertainment than government, which has no lasting economic benefits unlike infrastructure or education spending. In short, individuals are far less efficient than government at spending money. That said, I am not a believer in socialism. Rather, I believe in a mixed market system that incorporates the best of both free market capitalism and social capitalism. The dynamism of free market capitalism is equally matched by its instability and complete inability to promote equitably societies. The rigidity of Social Capitalism is not dynamic enough to take advantage of human ingenuity, yet is able to provide equity for all of society. The flaws of these two economic systems can be greatly reduced and the advantages of these two economic systems can be mostly preserved by combining elements of each through loose regulation, government controlled momentary policy, progressive taxation, and limited social safety nets. Basically the correct system of economics is the type we elite liberals have been recommending from the beginning.

Michael of NH of NH 10:30AM December 25, 2008

How can a sane person think that unions help the economy? Unions do not create jobs, they encourage less work. Unions do not create jobs nor do they increase a company's sales. Lets be pro-labor like France and all go out and strike and burn cars. Better yet, lets model our system after the Soviet union. Look at what your saying, to heck with people that start companys, lets socialize everything. This is a model that Marx would be proud of. Not for me, I want my business to thrive, our folks make a good wage because they work hard and produce. Every body wins. Money is reinvested back into the company.

Dave Allen of IN 11:43PM December 09, 2008