Saturday, June 3, 2023

with both parties being obstinate, wait they always say you catch more flies with honey than vinegar, but...

This was actually written a couple of weeks ago, but never made it to this platform, but still want to be consistent so adding it now:


 I am really ready to tear a …wait, wait wait, I will try to be nice, 

so we have a debt crisis or a spending crisis or a just a political crisis and no one wants to blink, well the Republicans are a bunch of … trying real hard here and the democrats are just being ….

So what does all this mean?

If you ask me, Biden should go on National TV and just turn the tables on the far right individuals in Congress, he should propose that the tax rate reduction from Trump for the middle class that is going to expire in a few years be extended, and even reduced a bit more, yet some of that reduction be transferred to the social security deductions in our paycheck, the upper limit of income for the social security deductions be raised; then the employer portion of the deduction remains the same so they don’t shoulder extra burdens (see below), he should re instate part of the upper income limits that was dropped from the aforementioned Trump tax law so maybe it goes up half of what was reduced, and basically sell this as a way to start fixing social security so no need to cut Social Security payments in the Republican plan, increase income via the tax increase on the higher income to help reduce future deficit spending and agree to a work program for people on the other government aid spending programs where there is a graduated lowering of benefits with income, but that the federal minimum wage is also increased (why their half of the payments is not raised) so that the work program is productive for people so they eventually receive benefits for wages below certain thresholds or they are earning enough where they do not need benefits. 

President Biden should go on a hard sell saying his plan bolsters the working and middle class, protects the lower class, but does hold them accountable to make certain efforts, and if we get the minimum wage increased that means more people are potentially adding a small portion to tax revenue and slightly lowers the long term cost.

Also increase the taxes on short term trading for investment companies and hedge funds and similar entities since this trading does not benefit the economy as a whole, but leave long term rates the same to encourage true investment in the economy.

Just a bunch of quick hit ideas I have mentioned in some shape form or fashion before, but the Democrats won’t force the issue and the Republicans won’t listen to common sense so basically we are all back to square one. Yet there are many answers to our current situation that are much better than what is being discussed. 

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