Many nations around the world are trying the "austerity" solution, but one nation has done the opposite, Iceland. When the current economic crash ocurred in 2008, Greece, Spain, and others "punished" the people with austerity measures, and today the peoples of those nations suffer needlessly. Their economies are still a wreck. Iceland, on the other hand, started off by punishing the real culprits; they jailed the banksters and politicians responsible for the wrecked economy. Then, they forgave much of the public debt from the bottom up. The president should stop listening to the banksters and do as Iceland did; and here are a few more steps in the right direction;
1. The president should stop listening to the banksters and do as Iceland did 2. End Federal Reserve---print money at 0% interest, (40 cents of every dollar pays interest today) 3. Put $1. surcharge tax on all stock trades, on each end, (NYSE does over 200 million trades a day)
4. Stop tax breaks and subsidies to all corporations doing over $5 million a year in business.
5. Go back to Founding Fathers' idea of corporate chartering for 5 to 20 years and must serve public good.
6. N. Dakota-style public state bank in every state
1. The president should stop listening to the banksters and do as Iceland did
2. End Federal Reserve---print money at 0% interest, (40 cents of every dollar pays interest today)
3. Put $1. surcharge tax on all stock trades, on each end, (NYSE does over 200 million trades a day)
4. Stop tax breaks and subsidies to all corporations doing over $5 million a year in business.
5. Go back to Founding Fathers' idea of corporate chartering for 5 to 20 years and must serve public good.
6. N. Dakota-style public state bank in every state
