New Rules for a Better Economy

You want to fix the US/World economic crisis. I've narrowed it down to 3 steps:

1. Place a Cap on Personal Wealth

Let's say 10 lifetimes worth of average income or 10 * 75yrs * $50k = $37.5mil. How much money do you really need to live a content life? We have to stop obscene wealth in the world - stop the hording and spread the wealth!

2. Place a Cap on Corporate Wealth

This cap is based on the number of employees the corp has. The more full-time employees the higher the cap. This can be considered the adding a fair share of civil responsibility onto corporations. This alone would eliminate unemployment across the country over night. Any wealth that goes above this limit get taxed 100%.

3. Permanently Fix Commodity Prices

This means buying eggs, milk and iron nails will cost the same in 150 years as they do today. Some of you may say that impossible due to supply and demand. Well it's simple, increase supply by hiring more people or developing better ways to produce - increase innovation. Hell go mine the moon if needed but don't change the price of copper. This would eliminate scarcity and ensure continued innovation and employment across the world forever. This would have to be government regulated to ensure demand is met by private corporation for their own benefit because it would increase their own profit. Again any wealth that goes above this limit get taxed 100%.

Optional:

4. Get Rid of the Stock Market

Seriously. It's all based on "feelings" which has gotten downright silly and economically devastating.

5. Get Rid of Lawsuits for Exuberant Payouts

There are so many frivolous lawsuits crippling the world. Some are legit, but when lawsuits are used as a weapon to disable your competition it just cripples the economy.

6. Loosen Patent Laws - Get Rid of Business Patents

Change them to a lifetime recognition system of inventions with no ability to sue anyone for royalties after 5 years + no ability to sue anyone before a formal notification to the corp using the patent of the patent holder's interest in royalties. From that point on if the corp refuses to pay, they can sue from that date of notification. Simple and less costly to the economy. This puts the owness of notification of patent usage and royalties on the patent holder. Why? Because a lot of patent "horders" already have a lot of time on their hands looking for who to sue for past usage of their invention. This method eliminates the corp not being aware of the patent holder's interest but only after that date.

reply to post by CantSay


You forgot.

Bail out the people not the banks?

Originally posted by CantSay

5. Get Rid of Lawsuits for Exuberant Payouts

There are so many frivolous lawsuits crippling the world. Some are legit, but when lawsuits are used as a weapon to disable your competition it just cripples the economy.

I would like to know how we determine a frivolous lawsuit. We all have a right to sue, when a civil wrong occurs. Most winners in lawsuits are attorneys. I have seen several lawsuits where a person sues and ends up with only a small percentage of any damages because it is gobbled up in attorney fees.

reply to post by CantSay

Is this a proven, tested program that has worked before in other similar situations? Or is this just a bright idea that you have to convince someone to try without really knowing if it will work or not?

Why not go with an action that has proven to be helpful in the past?

Such as: Discover who is stealing from our economy and covering up their crimes with false reports accusing others of these actions and persuade them or force them to cease and desist. If possible, have them return what they have stolen to the people they stole it from.

Putting added restraints on criminals, when done honestly and effectively, has resulted in great bursts of prosperity in the past.

A notable, though imperfect, example in earth history is the 200 years of "Pax Romana" in much of Europe at the beginning of the last millennium.

reply to post by CantSay


I like your cap ideas. Some people simply have too much money, I doubt they'll even use it all.

This means buying eggs, milk and iron nails will cost the same in 150 years as they do today. Some of you may say that impossible due to supply and demand. Well it's simple, increase supply by hiring more people or developing better ways to produce - increase innovation.

This wont work though. You simply can't keep the supply at a constant rate just because you need to. A massive disaster could wipe out a large area of crops and the supply could be changed very suddenly.

How about we just cap everyone's yearly salary at say $75,000? New workers with less than 10 years experience make $25,000, workers with 10-20 years experience make $40,000, 20-30 years experience make $50,000, workers with 30-40 years experience make $60,000 and those with 40+ years experience make $75,000.

Seems like old age would finally pay off.

we need to redefine our value system...
right now, if one looks at the pay for occupations, well, our value system is twisted...
and as a result, as the boomers retire, you are gonna find it much harder to find people who can actually do some of the things that need to be done...
there isn't enough skilled laborers to replace the ones leaving..;
why would anyone want to do these jobs, they haven't paid crap for the last few decades!!
much better to go to college for 6 years, end up owing a ton in student loans, and get an mba and head for wall street, make the big bucks!!!

Originally posted by ExPostFacto

Originally posted by CantSay

5. Get Rid of Lawsuits for Exuberant Payouts

There are so many frivolous lawsuits crippling the world. Some are legit, but when lawsuits are used as a weapon to disable your competition it just cripples the economy.

I would like to know how we determine a frivolous lawsuit. We all have a right to sue, when a civil wrong occurs. Most winners in lawsuits are attorneys. I have seen several lawsuits where a person sues and ends up with only a small percentage of any damages because it is gobbled up in attorney fees.

It's not a science, but if it is a corporation suing a competing business person or corporation with an underlining benefit for the suing company than most likely it's frivolous and only being pursued to hinder or damage the competing company financially especially if it is a smaller company.

Originally posted by ExPostFacto

Originally posted by CantSay

5. Get Rid of Lawsuits for Exuberant Payouts

There are so many frivolous lawsuits crippling the world. Some are legit, but when lawsuits are used as a weapon to disable your competition it just cripples the economy.

I would like to know how we determine a frivolous lawsuit. We all have a right to sue, when a civil wrong occurs. Most winners in lawsuits are attorneys. I have seen several lawsuits where a person sues and ends up with only a small percentage of any damages because it is gobbled up in attorney fees.

Ok someone hits your car they're drunk and have no insurance= good reason to sue, someone goes to mcdonald's hasn't got the common sense to make sure they don't grab a cup by the lid* of Fuming hot coffee (they're the one at fault being stupid/borderline retarded)= Frivolous lawsuit from a retard!!!! That's the difference, pretty simple really.

Originally posted by bftroop
reply to post by CantSay

 

You forgot.

Bail out the people not the banks?

I agree. Here food of though, in 2005 there were 99,880,223 paying tax payers. If the $7 trillion payout was paid out to these people (why because they paid their taxes) each would get $70K. That would be a huge boost to the economy. A whole bunch of people would go out the next day and buy cars, payoff their mortgage and become mortgage free rich, invest into their education and so on. The $70K in the hand of the little guy who generally don't hoard, otherwise they'd be rich (assuming only 5% of 99,880,223 are rich), would make it back into the economy.

Originally posted by l_e_cox
reply to post by CantSay

 

Is this a proven, tested program that has worked before in other similar situations? Or is this just a bright idea that you have to convince someone to try without really knowing if it will work or not?

Why not go with an action that has proven to be helpful in the past?

Such as: Discover who is stealing from our economy and covering up their crimes with false reports accusing others of these actions and persuade them or force them to cease and desist. If possible, have them return what they have stolen to the people they stole it from.

Putting added restraints on criminals, when done honestly and effectively, has resulted in great bursts of prosperity in the past.

A notable, though imperfect, example in earth history is the 200 years of "Pax Romana" in much of Europe at the beginning of the last millennium.

edit on 16/9/2011 by l_e_cox because: typo

Actually yes! On a smaller scale like in the NHL. It "prevents wealthy teams from certain destructive behaviours, such as signing a multitude of high-paid star players, preventing their rivals from accessing talented players and ensuring victory through superior economic power."

en.wikipedia.org...

What I'm proposing is a wealth cap not a salary cap.

I don't know what you're taking about. Past methods/programs have not worked otherwise we would be here in this situation. Communism had a disposition for dictators and Capitalism is the source of the current catastrophic economic mess. In the past, and today, in no limit, free market capitalism there were always poor people who were virtually slaves to the rich and a lot of death and suffering. In the past things were far worse so trying something time tested doesn't exist because they've all failed. We need something new. We need both socialism and capitalism ideals with 100% democracy (by the popular vote given the advances in communication technology). We need a good and perfect blend. We don't need extremes.

Originally posted by dawnstar
we need to redefine our value system...
right now, if one looks at the pay for occupations, well, our value system is twisted...
and as a result, as the boomers retire, you are gonna find it much harder to find people who can actually do some of the things that need to be done...
there isn't enough skilled laborers to replace the ones leaving..;
why would anyone want to do these jobs, they haven't paid crap for the last few decades!!
much better to go to college for 6 years, end up owing a ton in student loans, and get an mba and head for wall street, make the big bucks!!!

Agreed!! Our value system is messed up. We put value in the wrong things and we reward people for the wrong reasons. We need to take a hard look at ourselves and our ethics. Ethics has to make a comeback because we're far off track. The Golden Rule is key.

Originally posted by survivalstation
How about we just cap everyone's yearly salary at say $75,000? New workers with less than 10 years experience make $25,000, workers with 10-20 years experience make $40,000, 20-30 years experience make $50,000, workers with 30-40 years experience make $60,000 and those with 40+ years experience make $75,000.

Seems like old age would finally pay off.

Don't like that idea. It's too extreme. I prefer a shift to something less noticeable. The majority of people will never make $37.5mil or accumulate that much. This sets a goal for most people to achieve something grand and live comfortably while giving their offspring a good future. This goal would be high enough to motivate. The idea is not to get rid the economic game, just change the rules still allowing people to play and compete but with an over aching benefit for everyone and not just the individual.

Originally posted by ChaoticOrder
reply to post by CantSay

 

I like your cap ideas. Some people simply have too much money, I doubt they'll even use it all.

This means buying eggs, milk and iron nails will cost the same in 150 years as they do today. Some of you may say that impossible due to supply and demand. Well it's simple, increase supply by hiring more people or developing better ways to produce - increase innovation.

This wont work though. You simply can't keep the supply at a constant rate just because you need to. A massive disaster could wipe out a large area of crops and the supply could be changed very suddenly.

It's the most radical part of this idea, but it is necessary for the wealth cap to work. Setting fixed commodity prices completely eliminates inflation...wouldn't that be wonderful! If we allow inflation to continue, the wealth cap will begin to diminish in value.

Also, imposing fixed commodity prices forces companies to increase supply in order to make more money. This forces companies to become more innovative increasing innovation in general and progressing society into a healthier and sustainable future. This also forces some companies to hire more employees virtually eliminating involuntary unemployment.

So here are the benefits:

1 - Eliminate hoarding of wealth
2 - Eliminate involuntary unemployment
3 - Eliminate inflation
4 - Increase innovation
5 - Switching to this plan wouldn't affect 95% of the people, only 5%
6 - Indirectly allows for free education (because always an employees market)
7 - Indirectly allows for free healthcare (because always an employees market)

Originally posted by CantSay
I don't know what you're taking about. Past methods/programs have not worked otherwise we would be here in this situation. Communism had a disposition for dictators and Capitalism is the source of the current catastrophic economic mess. In the past, and today, in no limit, free market capitalism there were always poor people who were virtually slaves to the rich and a lot of death and suffering. In the past things were far worse so trying something time tested doesn't exist because they've all failed. We need something new. We need both socialism and capitalism ideals with 100% democracy (by the popular vote given the advances in communication technology). We need a good and perfect blend. We don't need extremes.

I think yoyu have this quite right. A blended system is exactly what we need. Socialism for the part of the economy that meets human needs and capitalism for everything else.

If you like this post, please flag it in order to keep the discussion and debate going so more people and think about this.

Originally posted by CantSay
You want to fix the US/World economic crisis. I've narrowed it down to 3 steps:

1. Place a Cap on Personal Wealth

Let's say 10 lifetimes worth of average income or 10 * 75yrs * $50k = $37.5mil. How much money do you really need to live a content life? We have to stop obscene wealth in the world - stop the hording and spread the wealth!

2. Place a Cap on Corporate Wealth

This cap is based on the number of employees the corp has. The more full-time employees the higher the cap. This can be considered the adding a fair share of civil responsibility onto corporations. This alone would eliminate unemployment across the country over night. Any wealth that goes above this limit get taxed 100%.

3. Permanently Fix Commodity Prices

This means buying eggs, milk and iron nails will cost the same in 150 years as they do today. Some of you may say that impossible due to supply and demand. Well it's simple, increase supply by hiring more people or developing better ways to produce - increase innovation. Hell go mine the moon if needed but don't change the price of copper. This would eliminate scarcity and ensure continued innovation and employment across the world forever. This would have to be government regulated to ensure demand is met by private corporation for their own benefit because it would increase their own profit. Again any wealth that goes above this limit get taxed 100%.

Optional:

4. Get Rid of the Stock Market

Seriously. It's all based on "feelings" which has gotten downright silly and economically devastating.

5. Get Rid of Lawsuits for Exuberant Payouts

There are so many frivolous lawsuits crippling the world. Some are legit, but when lawsuits are used as a weapon to disable your competition it just cripples the economy.

6. Loosen Patent Laws - Get Rid of Business Patents

Change them to a lifetime recognition system of inventions with no ability to sue anyone for royalties after 5 years + no ability to sue anyone before a formal notification to the corp using the patent of the patent holder's interest in royalties. From that point on if the corp refuses to pay, they can sue from that date of notification. Simple and less costly to the economy. This puts the owness of notification of patent usage and royalties on the patent holder. Why? Because a lot of patent "horders" already have a lot of time on their hands looking for who to sue for past usage of their invention. This method eliminates the corp not being aware of the patent holder's interest but only after that date.

edit on 16-9-2011 by CantSay because: (no reason given)

So here are the benefits:

1 - Eliminate hoarding of wealth
2 - Eliminate involuntary unemployment
3 - Eliminate inflation
4 - Increase innovation
5 - Switching to this plan wouldn't affect 95% of the people, only 5%
6 - Indirectly allows for free education (because always an employees market)
7 - Indirectly allows for free healthcare (because always an employees market)

Please flag this to keep this going so more people can starting thinking about this.

Spread the word and tell your local politicians. Hell, mail the president and let him know.

reply to post by CantSay


Boy, do I have the society for you! www.google.com.ph...

Originally posted by eldard
reply to post by CantSay

 

Boy, do I have the society for you! www.google.com.ph...

That's the simpletant's approach of classifying everything I wrote as being communist. It's NOT. It's thinking and devising a solution that in my opinion will work for the majority of us (95% to be exact). The only people who would dislike this solution would be the rich, especially the ultra rich.

All I say is when everything falls apart and you loose your job and can't find another, and when society collapses, this solution will look pretty good.

Bottom line, what we have now is broken! That's completely true.

Take a look:
en.wikipedia.org...

reply to post by CantSay


What's a "simpletant"? Enterprising and brilliant people won't bother joining such a society. I know I wouldn't.