Depression Cure

The fastest way to cure our present depression:
First, freeze all foreclosures on homes and small businesses for two years and guarantee the interest. Take a government lien on the property where the owners could not pay the interest. That way the financial institutions would get the interest money. That should bail them out and the home owners and small businesses could keep their property.
Next, the auto workers and the workers of the companies that supply the auto companies should take a cut in salaries that includes the top management.
That should bail out the auto companies and the workers could all keep their jobs. At the present we are priced out of the world markets. Most of the goods we buy these days are made in foreign countries. That is where our jobs are going. Next we should raise the income tax on private individuals that make over 250 thousand one percent for every one hundred thousand dollars after the first 250 thousand. Don't raise the taxes on businesses. If we tax businesses out of business we put people out of jobs. We need to tax the individuals that are taking the big profits out of the companies at the expense of the general public. With that kind of tax system we would have enough money to pay off the national debt, take care of all government expenses including medicare and all our other problems. That would lower the taxes needed from the general public.

My opinion by John Zilverberg