Lenders must keep at least the top or riskiest 20% of any loan made, insurance supervision must be maintained high enough to reduce lo losses, and capitalization ratios of 10% must be retained for all financial institutions. They need to regulated heavily since they use other peoples' money like governmtal institions.
Here's another idea - give businesses, regardless of size, a tax break for going green. Too many businesses(usually small to mid-sized)operate with old P.O.S. systems and "back PC"s. This is not good for the customers, employees, the environment, or the bottom line. If businesses knew they were getting money back for upgrading their systems, more probably would. In this economy, some can't(but probably should).
Our economic system requires endless growth to function but such a system is doomed because infinit growth on a finite planet is impossible. Policy makers are held hostage by narrow economic thought from economists that all preach growth in one form or another. But the pursuit of growth is causing our environmental and social problems. Policy makers need exposure to experts from economic fields such as ecological economics and biophysical economics that better explain the real world.
Lower the definition of Full Time Employment to 30 hours . Require employers to prioritize hiring the unemployed and especially persons with disabilities.before hiring someone for a second job. Make ADA real not just a token gesture. Economic recovery will not be real until employment goals are set to stop discrimination against the currently unemployed. More workers i> tax base and < crime. workers are healthier and happier. > leisure <stress &> related business.
'"100% Home Mortgage Forgiveness" bill: To provide COMPLETE mortgage relief to homeowners all throughout the country IMMEDIATELY by having all of the bailed out banks FORGIVE COMPLETELY mortgages. Condition to be met to qualify: The homeowner (age 65 years or older) must have either have made payments to the bank 25 years total or has paid 125% of the mortgage. If under 65 years of age, then 30 years of payment or 150% of the mortgage will be the minimum condition for forgiveness.
Executive Pay should be regulated but the required qualifications of executives in smaller vs. larger companies must be recognized. A CEO of $25M should not be treated the same as one of a $2.5B company. So you need a sliding scale, say a max. of 5X in companies under $1M, 10X up $5M, etc., up to 100 X (approx. $5M) for $1B or more. Prohibitive tax penalty if exceeded.
I think he Federal Reserve should be renamed. It isn't a Federal entity, it is a private entity. I think therefore the name is extremely misleading. The Federal Reserve is mostly controlled by and looking out for banking interests not the interest of American citizens. Maybe it can be called the Private Banking Reserve.
Flat taxes are regressive; they have a disproportionate effect on lower income earners. Progressive taxation--higher rates for higher earnings--was established for this reason. Marginal tax is where income earned in each bracket is taxed according to that bracket's tax rate. Eliminate the marginal tax so that earners pay one rate on all earnings: reduce accounting & IRS costs, increase tax rev., & increase the 1%'s current tax rate paid from the 19%, which is lower than most of the pop.
Democracy in the work place. - Change laws, work force must have representation in all corporate boards - Offer lowest corporate tax rate to only Worker Owned Corporations - Make an appealing, easy path for corporations to convert to Worker Owned - Create a Govt VC Fund & Incubation Dept to help the Unemployed start Worker Owned businesses.