How To Help The Economy
I wrote about what the next president should and shouldn't do to help our economy.
Dear President,
I think you should focus on the economy while your in office. I have some ideas for the economy if you care to listen and those ideas are end two deal, keep employers in the usa, deport illegal immigrants to open up jobs, lower taxes on the wealthy, lower taxes on big businesses, get rid of regulators and, bring minimum wage up based on the economy.
To start with the two deals which are the Iran Deal and NAFTA. First of the two is the Iran Deal which literary gives money to ISIS and takes jobs from american oilers, with ISIS they control the Irani oil and we have a deal with iran for their oil which we pay for, This deal literary gives money to ISIS which i one of the most dumb things we can do since they are our enemies. Second off on the Iran Deal we are losing jobs from the oiling business in america because the Govt. cares less about american oilers now. Second of the two deals is NAFTA which is one of the dumbest deals you can do because what it does is makes The USA pay tariffs to ship goods into Canada or Mexico but they both don’t have to pay tariffs to ship into the USA or into each other, and we end up losing 12.6 Billion dollars a month, a month, imagine how much money we could save if we fix this deal or make a new one.
Now to keep employers in the usa. What is going on, is that big business is leaving the usa to go to mexico or china because its cheaper because of non existent labor laws. This is providing a lot of jobs for these other countries but we are losing a lot of jobs. So what we should do is say if you guys leave the usa you won't be able to ship into the usa and sell your product. Which will force companies to stay in the usa because the usa is where they get most of their money.
Now have the tax percentage for all classes. If people work hard to where they are why would you take so much away from them it doesn't seem right for example if a person makes 1 million a year they give 20% in taxes plus another 20% which means out of 1 mil a year they get 600,000 dollars a year which means you just took away 400,000 dollars from this person salary, why and how is that right. “Long-term capital gains taxes were higher than they are today, and so were New York State income taxes: the richest paid 14 percent in 1966; today they pay 8.82 percent, and current law has that figure reverting to 6.85 percent in three years. Moreover, beginning his mayoral tenure in 1966, John Lindsay delivered the city's first personal income tax.” This shows that by taxing the upper classes more they are slowly decreasing the percent of those upper classes. A real life example of this is milking a cow, you milk your cow and you have enough for your family but you want more so you keep on milking it until the cow has no more then you keep on milking it and the cow gets sick and dies.
Now lower tax on all businesses. What this will do is allow more jobs to be made, and, paycheck raises. Which will help our economy thrive and bring some of the lower class to the middle class and some of the middle class up to the upper class. By taxing the big businesses more it sets for the economy to fail. Look in a article on UWIRE they show what we did when we lowered taxes “Simultaneously during this restructuring of the economic system, corporate taxes dropped dramatically from the 1960s as taxes on the middle class rose significantly to compensate.” that shows when we lowered taxes on businesses our economy thrived.
Now my next point is minimum wage. What we should do is not raise it to high or too low, because if we raise it to high we will create a inflation and if we go too low we will put more in the lower class."increasing the minimum wage will cause people to lose their jobs" Said by William P. Hoar a journalist at The New america. Which I agree because show by many studies raising minimum wage would hurt our economy.
Now my final point is regulators. What we should is get rid of regulators on businesses because they can end programs and other things in businesses without a reason. By ending these regulators and trust businesses more we can let them thrive and create more jobs and make more raises which will help all classes.
So I hope you listened to my points about the economy
Sincerely Gavin Goik.