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- First reviewAugust 25, 2008
- Last reviewAugust 25, 2008
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IOUSA misses point
PostedAugust 25, 2008
eco101
from New York, NY
IOUSA cites important problems but forgets to notice them: 1. Over half of revenues are from personal income tax, with a much smaller percentage from corporate taxes. Rich people get tax breaks, and corporations avoid taxes by off-shore mailboxes. 2. Social Security and Medicare are major loan sources to support deficit federal spending. 3. Unbalanced trade ignores domestic industry's decay and corporate outsourcing. Rebuild domestic industry, alternative energy and infrastructure. 4 Floating currency and unstable exchange rates are hyperinflationary. Set fixed currency exchange rates in collaboration with Russia, India, China. 5. Bailouts are hyperinflationary; protect banks and homeowners by federal bankruptcy proceedings.
Yes, I recommend this movie.
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