The gentleman failed to address the artificial inflation that has created the price bubble. Let the prices go down. When they reach their natural equilibrium everything will work itself out.
To create stability we need to eliminate this enormous debt created from increased housing cost. What I feel is needed is a cancellation of all debt exceeding $1,000 for everyone and every business (excluding payroll). Homes and property are now owned. New real estate can now be developed and sold in a competitive manner to increase expansion of businesses and communities. 10-15% flat tax on all income no write offs. Tax exemption for 2008-2010 for financial and auto ind.
Maybe your plan is good, but this shows just how stupid capitalism is. How can it be bad when there is an abundance of something good? Why is it a problem that there are many places where people can live? I want you to just think about that for a moment.
Why do not the state just buy all those houses and rent them to whoever needs them. End this capitalist circus with some firm regulation and decency.
Why not? Has history really proven that capitalism is superior to socialism in terms of economic growth? Yes, sure, capitalism seems to grow fast, but at the same time it just crashes all the time. During my life (which is not that long), I have already experienced 3 major crashes. I am getting fed up with it.
At least I do think a mixed economy is superior to pure capitalism. Pure capitalism looks more and more bad.
Your plan will use government intervention to create another bubble... which is how we got the bubble we are currently deflating. Better to not blow bubbles in the first place.
Guy first you need to have a job to buy a house. Jobs and job stability are the key to consumer confidence. But yes you have a good point. But hay my house is paid for and I do not want to buy a new house so what government hand out will they give this taxpayer. They say my house is worth 30% less but will not lower my property tax by 30%.
The gentleman failed to address the artificial inflation that has created the price bubble. Let the prices go down. When they reach their natural equilibrium everything will work itself out.
slking299 2 years ago
To create stability we need to eliminate this enormous debt created from increased housing cost. What I feel is needed is a cancellation of all debt exceeding $1,000 for everyone and every business (excluding payroll). Homes and property are now owned. New real estate can now be developed and sold in a competitive manner to increase expansion of businesses and communities. 10-15% flat tax on all income no write offs. Tax exemption for 2008-2010 for financial and auto ind.
Jsickert 3 years ago
I know this man personally and he knows what he is talking about!
Riverborne 3 years ago
awsome
keulturtle 3 years ago
Wonderful video...this guy is a genius! He needs to run for public office!
Riverborne 3 years ago
Maybe your plan is good, but this shows just how stupid capitalism is. How can it be bad when there is an abundance of something good? Why is it a problem that there are many places where people can live? I want you to just think about that for a moment.
Why do not the state just buy all those houses and rent them to whoever needs them. End this capitalist circus with some firm regulation and decency.
robwe359 3 years ago
Well if you don't like capitalism why don't you try communism! If it's too hot in the kitchen for you maybe you should get out!
Riverborne 3 years ago
Why not? Has history really proven that capitalism is superior to socialism in terms of economic growth? Yes, sure, capitalism seems to grow fast, but at the same time it just crashes all the time. During my life (which is not that long), I have already experienced 3 major crashes. I am getting fed up with it.
At least I do think a mixed economy is superior to pure capitalism. Pure capitalism looks more and more bad.
robwe359 3 years ago
Your plan will use government intervention to create another bubble... which is how we got the bubble we are currently deflating. Better to not blow bubbles in the first place.
JrGammel 3 years ago
Guy first you need to have a job to buy a house. Jobs and job stability are the key to consumer confidence. But yes you have a good point. But hay my house is paid for and I do not want to buy a new house so what government hand out will they give this taxpayer. They say my house is worth 30% less but will not lower my property tax by 30%.
investortownhall 3 years ago
Excellent point :]
mistermovie101 3 years ago