-
We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.
How I'd fix the economy.
Page 2 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.
ConstipatedVigilante
Diamond Member
/facepalm
Remember those rebate checks the gov't sent out? Yeah - people just paid their bills with that, instead of "stimulating the economy."
the responsible people are going to have to pass laws to (attempt and fail to) keep the irresponsible people from fvcking up again. unfortunately, it's going to scrape in some responsible people as well.
edit: so does the car just have to be assembled in the US? what if it's assembled in the US with a large proportion of foreign parts? what if it's assembled in the US with US parts but engineered and overseen from foreign lands? and what if most of the profit margin goes to foreign lands?
To hell with that... Printing all the money would result in hyper inflation, making MY money that I worked HARD for worth a lot less. None of your stimulus points would help me at all.
1) I don't have credit card debt because I live within my means. I do have student loan debt and car loan debt. Want to pick up $10K off one of those?
2) All this will do is flood the market with homes for sale. All you are doing is helping people get back to zero on a place they can't afford and they probably over paid for to begin with. They are going to be in the same position 3 months from now.
I think if the government is going to do anything, they should back the renegotiation of loan terms with the provision that they share in the profits of selling the homes down the line.
3) Raising everyone's credit rating by 100 points just artificially inflates the scale but doesn't add any additional meaning to the number. Your credit score provides a means of comparing people based on history. Just giving people another 100 points doesn't actually mean they are worthy of better credit. It won't change their habits.
4) I'm not completely against this idea, but the only people that will benefit from this are people who need new cars now. I have an 07 and so wouldn't be able to benefit from this program.
5) This one is just absurd.
R
Red Squirrel
No Lifer
They just have to declare their debt as being gone and reset it to 0. They're the goverment, they can do what they want. 😉
The big issue would be inflation though.
Here's what I'd do.
Tax everything that comes from China so it's more expensive, give a really good sum of money to local industries to start manufacturing more stuff. Cars, electronics, clothes, you name it.
This would open lot of jobs in the process.
In the long run it means more job security and money staying in the country.
The taxed stuff from China would give money to the goverment, the next step is to find a smart way to spend it (probably make it go towards the building of more local industry)
I'm no expert so I have no idea if it would even work, but it sounds like it could. The danger I see here is making it harder for people to buy stuff as everything would go up, but if done in stages it could maybe work.
amdhunter
Lifer
1) Education should be free. I'd have the government eat all school debts.
2) Renegotiation would be fine. Under my plan, their credit rating would be 100 points higher, allowing them to pay less interest.
3) The new credit rating would allow them to take on loans with less interest. Trust me, banks and auto dealers would be salivating at their scores.
4) I guess a provision could be added to use the $5000 for repairs also. This would keep the mechanics working also.
5) Yeah.
darkswordsman17
Lifer
You'd buy a car or house or start your own business with about $3,000?
Are people still responding to this dolt seriously? I see about 10 of these people every week that think they have some master plan about saving the economy when they can't even tell you what the fuck the business cycle is.
That's how its worked in this country for the last 60 or 70 years. That is what the majority of voters expect now-a-days. If they fuck up, spend every last cent they earn and then some, the government will bail them out. Then they tax the shit out of everyone, including those that live within their means.
amdhunter- Ideas and policies like yours just encourage irresponsibility. What incentive do I have not to run myself eyeballs deep in debt if the government is going to come save me?!?
If this is how its going to be, I need to go buy some gold bars.
R
You can't stop people from being chumps by erasing debt, getting them out of a bad deal on their home, or giving them $5K for a new car. If you bail someone out of $10K in credit card debt, chances are they are going to run themselves into debt on that card again, almost immediately. What incentive have you given them not to? If a kid colors on the walls and you don't do anything to stop them, they are going to do it again and again.
darkxshade
Lifer
People who carries credit card debt are usually irresponsible... clear out their debt and they will just max it again.
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 25K
-
-
-
