Establish an SBA division for Worker & Consumer Co-ops (& Time Banks). Allocate $2B dollars for a pilot program to incubate and support the growth of co-ops in fifty cities. Allocate $39.5M per city, $2M of which will go to the administration of the program within that city by the local SBA branch & $37.5M for co-op loans. That leaves $25M for the Federal SBA Division of Co-ops for overall administration of the program.
Times have changed/old answers are not enough. Good jobs are declining We need new solutions to create jobs by creating incentives to provide economic growth through tax policies such as : 1. Tax benefits to bring manufacturing back to America and reward research and development for long term gains. 2. Redefine limits to work hours for full time workers encouraging new hires and discouraging overworking current full time workers. Better jobs feed the economic growth.
Interest Rate Caps (Federal Anti-Usury Statute) and Retirement of Personal Debts: 1) "Get The 'US' Out of USURY": re-institute anti-usury laws at the Federal level (no more exceptions for states like Delaware) with an absolute interest rate cap of 10%; and 2) Repayment of Credit Card Debt: all credit card charges are to be paid off in the order in which they were incurred (chronological order), and AS SOON AS 150% of the original purchase price has been repaid, that debt is PAID IN FULL
Our government provided trillions of government guaranteed dollar to provide a bailout for the "too big to fail banks." Now the American people need the bailout. The Federal Reserve with a stroke of a pen created trillions to give faltering banks a second chance. The same should be done for our citizens...Cancel all debts owed to banks as a "We The People Bailout".
Social Security was put in place to address the FACT that life is challenging & most people will NOT succeed in preparing for retirement without a mandatory savings program with a lock box. People want to borrow from SS (& 401K's), but then we'd go back to vast majority retiring destitute. Instead, we need more distributed income/wealth, better wages, more robust SS. & Changing values (culture) for a little less immediate gratification & consumption so needs & wants don't always outpace income.
Pass the Carbon Fee and Dividend proposed by the Citizens' Climate Lobby. A price is put on carbon at source based on emission or release of $15/ton of green house gas emissions. Price is raised $10/year. 100% of money returned to people of the USA monthly. Border fee on imports based on their carbon foot print. Border subsidy provided on exports to compensate for carbon fee. Acts as stimulus. Grows economy and creates 2.8 million jobs over 20 years and reduces carbon pollution by 50%.
Establish a corporate tax incentive, leveraging the corporate tax rate, that reduces a company's tax liability if the median hourly rate for their employees is considered "a livable" or "fair wage." The higher their employee's hourly rate (excluding executives) the lower their corporate tax liabiliy. This would directly help small businesses reduce their tax burden and significantly benefit low wage workers, while incentivising big corporations to profit share with employees to drive earnings.
Nationalize all the banks! Keep all the employees and managers, they are government employees from now on. Their HUGE profits now go to the federal government. Eventually, individual taxation shall no longer be needed. And the bank's risky schemes shall no longer take place, or be supervised by government, now present at all board meetings. I see this as the only path to a saner economy.