The controversy over “health care” seems flawed. Its bottom line is to raise more money for the Insurance Cartel. They always need more money when there is a recession since they can’t depend on earnings from investments.
A limited improvement would be to grant Medicare to all on Social Security or who reach age 59. The costs can be covered by applying the Medicare tax to Capital Gains, since lower wages for workers show up in increased capital gains. It seems insane to cut Medicare payments to health care providers as part of the current proposal.
To end the Great Recession and provide the greatest good to the greatest number I recommend the following common sense policies.
1) Raise the standard Federal income tax deduction to $30,000 (ten times the 1968 value).
2) Raise the Federal minimum wage to $16 an hour (ten times the 1968 value).
3) To meet any projected deficits in Social Security or Medicare apply these payroll taxes to Capital Gains. Then the rate for Social Security can be reduced to the 1984 level.
The Great Recession can be ended once people become more prosperous. The various New Deal regulations can be restored to where they were in 1976. Prosperity will return once the correct policies are followed. Ross Perot warned us about NAFTA, maybe we will listen now.
Ronald A. Sobieraj
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