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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (36211)	8/21/2011 12:44:06 AM
From: The Reaper	3 Recommendations Read Replies (1) \| Respond to of 119360

In the interest in putting my participation in this topic to bed here's what I want from my government as far as first steps to getting this issue under control. Anything less than these basic changes is not going to solve the problem. 1) Social Security retirement age has got to be raised in accordance with modern actuarial expectations. 2) Taxes must be increased with the assurance that government spending will not rise any faster than the CPI that is being used by the Social Security program. (even if it is BS) 2a) The tax increase must come about by the total overhaul of the current taxation system. Simplify it and make all sources of income subject to taxation even if they are entitlements. There should be a simple way to exclude the lowest income brackets. 50% of the population should not be skating by without paying taxes. 3) As stated above, government spending must increase no more than CPI. Baseline budgeting is out. It is a flawed economic exercise. You want to pay more for one department? Take it out of somewhere else. Run the GD government like a business. It can and does work. These are just the starting points, but they are crucial for any credible plan to work.