#8 Secure the
Border
We need to do it especially if we're going to couple this with a withdrawal. We've had the capabilities to do this for years. And we have the capabilities to have a secure border and not be spending all this money and to have a national defense that is strictly --- and this is important --- national. This doesn't mean get rid of intelligence programs on other countries. We need to know what other countries are doing. But, we don't need to have a military footprint in these countries. We don't need to have 50,000 troops hanging out in Iraq afterwards.
#7 End the Wars
Bring our troops home. All of them. Now you may ask, how
will we stay safe? See #8.
#6 Strong Regulation of the Financial Investment Sector and Wall Street
This includes derivatives, etc. coupled with the
establishment of a strong and meaningful financial service transaction tax.
And, raise the capital gains tax to about 35%. The revenue generated from this
should go to pay down the national debt.
Among the first proponents of a
financial transactions tax was my favorite economist, John Maynard Keynes, who
first proposed this in 1936. He proposed that a small transactions tax should
be levied on the dealings on Wall Street in the United States where he argued
that excessive speculation by uninformed financial traders increased
volatility. For Keynes, the key issue was the proportion of speculators in the
market and was concerned if left unchecked these players would become too
dominant. Keynes wrote, "speculators may do no harm as bubbles on a steady
stream of enterprise. But, the situation is too serious when enterprise becomes
the bubble on a whirlpool of speculation."
We have this in our system now and we need to get it under control. Wall Street is way, way, way too loose. And the reason you don't hear about it more on the media is because they own the place.
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