Here's a spot to tell this Ninja your karate thoughts about the 'debates'
i think they're dumb.
the debates and the candidates.
which are dumber?
This Ninja just doesn't know...
Wednesday, October 8, 2008
A Ninja Idea
Here's a Ninja solution by Chris
Let the Ninja Masters review!
Manifesto For Economic Stability-
To increase economic stability government influence must be reduced! To accomplish this I have laid out provisions in each of the three areas of money raising debt, printing money, and taxes. Keep in mind I am not an economist so any constructive criticism is encouraged! My goal was to bridge the gap from what we have now, government interventionism, to a more perfect market based system.
Debt-
-Reduce foreign holdings to under 20%. (eliminate significant control) We need to reduce the amount of control foreign governments have over our currency and reduce the amount of interest paid to foreign countries. (Japan&China hold nearly 50% of our debt)
-Balance the Budget (with some kind of incentive)
Printing Money-
-Limit the amount of money creation to a calculated inflation of 2% or less.
-End interest rate control by the Fed, allow markets to determine rates. (forcing many to save before buying if rates are high)
-Bring fractional banking reserves to 50% and mandate banks cover their debt with enough capital.
-Privatize all banking institution w/ no government backing.
-Improve regulations and oversight by the SEC, also hold the SEC accountable by investors and shareholders of failed institutions.
Taxes-
-Allow private organizations to compete for tax payer money in education & welfare.
-Allow tax payers to choose between private organizations or government when paying taxes. (percentage apportioned to education & welfare)
-End Social Security tax for those 45 years old and younger.
-Reduce corporate tax to 25% & end loopholes in tax code.
-Reduce capital gains tax to 5%
-Increase estate tax to 50% over a 5 million dollar threshold (except for family business such as family farms)
-Increase luxury tax
-Increase income tax on wealthiest 1%, to 40% (keep in mind this money can be sent to private organizations)
-Reduce subsidies except for R&D and alternative energies.
Military-
-Stop policing the world, bring troops home, reduce the size of the military, reduce its armaments, and overall spending. (Military costs us 400 Billion a year, half of the nation's budget!)
Hopefully we can wean ourselves off of government control of the economy by privatizing expensive and inefficient government monopolies in education and welfare, by reigning in the power of the Fed, keeping a balanced budget, and reducing our military spending. Also, by lowering corporate and capital gains tax mixed with a more likely, higher interest rate, Equity financing would be encouraged as apposed to debt financing. I know the tax increases go against the conservatives and libertarians but my intention wasn't to penalize the rich for making money but to penalize the rich on spending money. This is because trickle down economics doesn't work if the rich spend their discretionary funds instead of investing it for the good of the economy. Finally, if banks were able to cover their own debt instead of having the government bail them out we wouldn't have the mess of 1929 or 2008!
Let the Ninja Masters review!
Manifesto For Economic Stability-
To increase economic stability government influence must be reduced! To accomplish this I have laid out provisions in each of the three areas of money raising debt, printing money, and taxes. Keep in mind I am not an economist so any constructive criticism is encouraged! My goal was to bridge the gap from what we have now, government interventionism, to a more perfect market based system.
Debt-
-Reduce foreign holdings to under 20%. (eliminate significant control) We need to reduce the amount of control foreign governments have over our currency and reduce the amount of interest paid to foreign countries. (Japan&China hold nearly 50% of our debt)
-Balance the Budget (with some kind of incentive)
Printing Money-
-Limit the amount of money creation to a calculated inflation of 2% or less.
-End interest rate control by the Fed, allow markets to determine rates. (forcing many to save before buying if rates are high)
-Bring fractional banking reserves to 50% and mandate banks cover their debt with enough capital.
-Privatize all banking institution w/ no government backing.
-Improve regulations and oversight by the SEC, also hold the SEC accountable by investors and shareholders of failed institutions.
Taxes-
-Allow private organizations to compete for tax payer money in education & welfare.
-Allow tax payers to choose between private organizations or government when paying taxes. (percentage apportioned to education & welfare)
-End Social Security tax for those 45 years old and younger.
-Reduce corporate tax to 25% & end loopholes in tax code.
-Reduce capital gains tax to 5%
-Increase estate tax to 50% over a 5 million dollar threshold (except for family business such as family farms)
-Increase luxury tax
-Increase income tax on wealthiest 1%, to 40% (keep in mind this money can be sent to private organizations)
-Reduce subsidies except for R&D and alternative energies.
Military-
-Stop policing the world, bring troops home, reduce the size of the military, reduce its armaments, and overall spending. (Military costs us 400 Billion a year, half of the nation's budget!)
Hopefully we can wean ourselves off of government control of the economy by privatizing expensive and inefficient government monopolies in education and welfare, by reigning in the power of the Fed, keeping a balanced budget, and reducing our military spending. Also, by lowering corporate and capital gains tax mixed with a more likely, higher interest rate, Equity financing would be encouraged as apposed to debt financing. I know the tax increases go against the conservatives and libertarians but my intention wasn't to penalize the rich for making money but to penalize the rich on spending money. This is because trickle down economics doesn't work if the rich spend their discretionary funds instead of investing it for the good of the economy. Finally, if banks were able to cover their own debt instead of having the government bail them out we wouldn't have the mess of 1929 or 2008!
Thursday, October 2, 2008
FDIC
this is a repsonse to Nate's question about FDIC insurance...i kinda got lost in the typing of the response so i just decided to make a new thread. i know, we just had the debates and i'm not even writing about them! well, i've only seen like 5 minutes, i had class until 9:20 - but what i have seen confirmed what i already knew - both parties are big government jerks. anyway - on to the post!
speaking of fdic insurance...
so now all of our deposits are covered up to 250,000! isn't that great?! i love when money comes out of thin air to the rescue at the behest of the government :-)
i mean, one would think that with all of the recent failings and the money the fdic was committing/using to secure peoples deposits in these crappy/immoral banks, that if anything the coverage would be lowered as the fdic funds depleted; i mean, if they don't have the money how could they pay?
oh but that is just a silly question to ask the government!
instead of a rude awakening to the twisted reality our politicians, and their shadowy masters, have gotten us in, we have all been treated to the news that now we are covered by 250,000 bucks instead of the paltry 100,000 (i don't know about you but i was way worried that fake money fairy wasn't going to protect me).
and because of the crappy state of banks (which crappiness calls into question the willingness of the fdic (the i stands for insurance, not insolvent-giver-away-of-money-to-crappy-risky-immoral-banks)) they can't ask for higher premiums because...the banks can't pay...
...wait i know the answer to this...
...that won't stop the government!
with the newly nationalized banks they'll be able to pay
anything to anyone whenver because money won't have any value anymore! (but they haven't gotten the bailout just yet...and even then they won't pay the fdic anymore than they are now)!
so this like a home owner in new orleans, in the midst of hurrican season, getting a letter from their home owners insurance saying, "hey, we've pretty much lost all of our money, and your house is probably going to get flooded or destroyed sometime soon...so we've decided to give you more than double your coverage!! and at no additional cost to you :-*"
it doen't make sense to anyone but politicians and the those who own them.
ps
i just thought of this! this is hilarious! so the people on wallsreet are like "crap, we bet way bad and our money is all gone...but we do have a littel left...i know!! lets make the fdic increase their deposit insurance, then we'll liquidate what crap stock we have left, put in the bank, and when it fails we'll get a bailout for not just our utterly horrible debt (see previous post) but our marginally bad stock as well!"
only in america baby!!!
speaking of fdic insurance...
so now all of our deposits are covered up to 250,000! isn't that great?! i love when money comes out of thin air to the rescue at the behest of the government :-)
i mean, one would think that with all of the recent failings and the money the fdic was committing/using to secure peoples deposits in these crappy/immoral banks, that if anything the coverage would be lowered as the fdic funds depleted; i mean, if they don't have the money how could they pay?
oh but that is just a silly question to ask the government!
instead of a rude awakening to the twisted reality our politicians, and their shadowy masters, have gotten us in, we have all been treated to the news that now we are covered by 250,000 bucks instead of the paltry 100,000 (i don't know about you but i was way worried that fake money fairy wasn't going to protect me).
and because of the crappy state of banks (which crappiness calls into question the willingness of the fdic (the i stands for insurance, not insolvent-giver-away-of-money-to-crappy-risky-immoral-banks)) they can't ask for higher premiums because...the banks can't pay...
...wait i know the answer to this...
...that won't stop the government!
with the newly nationalized banks they'll be able to pay
anything to anyone whenver because money won't have any value anymore! (but they haven't gotten the bailout just yet...and even then they won't pay the fdic anymore than they are now)!
so this like a home owner in new orleans, in the midst of hurrican season, getting a letter from their home owners insurance saying, "hey, we've pretty much lost all of our money, and your house is probably going to get flooded or destroyed sometime soon...so we've decided to give you more than double your coverage!! and at no additional cost to you :-*"
it doen't make sense to anyone but politicians and the those who own them.
ps
i just thought of this! this is hilarious! so the people on wallsreet are like "crap, we bet way bad and our money is all gone...but we do have a littel left...i know!! lets make the fdic increase their deposit insurance, then we'll liquidate what crap stock we have left, put in the bank, and when it fails we'll get a bailout for not just our utterly horrible debt (see previous post) but our marginally bad stock as well!"
only in america baby!!!
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