Quote:
Originally Posted by RevDWW
If you really want to stimulate the economy, give money back to those that are paying taxes. Better yet, why not declare a total write off of each tax payers debt, forgive it like we are being so forgiving of the Banks and Business that are so in debt. Every debt is clear and we all start over, every Bank, every Business, every Individual. Wipe the slate and see how much money gets poured back into the economy. Give each debt holder tax breaks for their part in the whole clean slte program. Tehy pay no taxes until they's recovered all the debt they have forgiven. I know the idea is far fetched, but it's not any more so then what is being called stimulus now.
Declare a year of Jubliee and pass a law that it must happen every seven years.
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Well, no one would loan money if they thought they were going to have to forgive it and I can promise you I wouldn't put my money in a bank that goes around forgiving loans to those who can pay it back.
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