How would you solve the unemployment crisis?, page 10

How do you solve the unemployment problem? Easy!

First, set term limits on the congress. Two four-year terms just like the presidency and align the election with the presidency election dates. You set terms; you eliminate the preoccupation with perceptual re-election. Perhaps one can wake up the natural need for mankind to do good in that last senatorial term. All this is needed for the second action point below to reduce influence.

Second, finance regulation. But not just any regulation. The urge to gamble must be killed and instead investment using the people's money must be invested by banks on legitimate business initiatives that create jobs. How do you do it? You regulate the ability of banks to bet against its customers. A lender cannot invest its own money on the market securities, it cannot invest in securities outside of the US, it cannot lend to others for the sole purposes of investing in securities, and instead must make its profit by either lending the money to legitimate startup companies (by lending or owning them) or by capitalizing existing companies. You want to be in the gambling business? Then you become a trading house. You want to be in the business of lending or creating new companies? Then you become a bank or investment bank.

Third, the incentive to ship jobs outside of the US must be stopped. You kill the tax incentives to ship jobs and provide incentives to bring them back. Then you also make it mandatory to show proof the skills required to do the job is not available in the US. That is, you make it mandatory to tape every job interview and hold all documentation. You still want to send your jobs outside of the US? Then pay tariffs on the re-importation of goods to the US, and in the case of services, institute a service tax. You still want to ship jobs out by incorporating outside of the US. Good, then good luck with the US markets; back to the "Made in the USA" campaign.

Fourth, invest in education and research. The lifespan of new technologies is counted in months before the Chinese copy it and it becomes a commodity. Long are the good all days of the Silicon Valley. Why? Because of the next point.

Fifth, Institute tax breaks for long term investments. There is no such a thing as long term investments in America. Everything is with the eyes on a dollar and within a year. This leads to jobs cutting because this is the easiest way to make a buck. Why? Because of the next point.

Six, cap compensation. Make it mandatory for any increases in executive salaries to have to be voted in by investors rather than the Board of Director. Pin pay to long term return, meaning more compensation via securities (stocks) rather than cash. Tax all capital gains on these securities.

Why all this?

Because mankind has gone back to its primitive roots. Easier to take than to make, easier to receive than to give, easier to amass than to work for it. After all, it is amazing that mankind did not make a dent on civilization until they learned to produce for their own. So for all these business leaders and politician that ping their own ambitions on the sweat of the common people, labor slavery here in America and elsewhere in China and India, produce something! At least make all of us peons of society proud to have you as our leaders.