August 6, 2020

Another idea for fixing the economy: Lower the retirement age and Medicare eligibility age to 50

UBI for Old People

Allow people the OPTION to retire earlier at 50 or above with full SS benefits and become eligible for Medicare. They can also begin withdrawing from their 401Ks without taxation or penalty.

Let me repeat: This is would be OPTIONAL. Not MANDATORY.

A new policy like this would alleviate the unemployment crunch while being a good public health care policy as older Americans would be able to avoid working without risking their lives.

This idea would NOT interfere with current UE benefits or any extensions. Any person that qualifies for UE gets UE at any age.

Obviously, it would not benefit EVERYONE. For some people, it may not make good financial sense. For most, it might. Again, OPTIONAL.

How would we pay for it? Raise the corporate tax rates on large companies. Impose a monopoly tax on businesses like Amazon. And raise taxes to 75% on incomes above $50 million and 90% on incomes above $100 million. Impose a wealth tax. Raise the inheritance tax.

August 4, 2020

Vote. Even if you're in a super safe blue state, Vote.

It's important to send the message that the will of the people do not support Trump. Yes, Trump may be able to cheat his way through the Electoral College, but he cannot cheat the popular vote.

The world needs to see that a clear, unambiguous majority of the American people rejected Trump.

August 4, 2020

The American economy cannot maintain its current state for much longer...

without a total and complete collapse. By collapse, I mean cascading defaults which throws our economy into a deflationary death spiral where even people without debt will feel it.

Since the 1980s, our economy has been structured around consumer borrowing and consumption with more and more people living paycheck to paycheck barely keeping up with their payments. Right now, this structure has been rattled by this virus with temporary relief from congress keeping it in place, but now the Republicans want to end any additional relief which will bring about those cascading defaults.

If, as some experts say, that this virus will be around for years, and we will have to continue to social distance, avoid large crowds, and wear masks in public, then we will have to completely re-restructure our economy. We will have to change it from borrowing and consumption to something else entirely.

August 1, 2020

Florida needs to shut down for 60 days.

They need to just shut down for 60, maybe 90 days. Get the positive rate down and come up with a massive testing system. Maybe use pooling once the positive rate reaches a certain point. They need to issue a mandatory mask law and institute contact tracing.

Florida's daily positive rate has been averaging nearly 20%.

https://coronavirus.jhu.edu/testing/individual-states/florida