Are we on solid footing in the United States economy? Ok, before I go any further, please understand that if you’re the sensitive political type, you should stop reading now.
The short answer is no, not really! We have been down so long that any glimmer of upward movement is called a recovery. While it should be noticed and appreciated, it should also be recognized for what it is and that’s a weak, miniscule movement of the economy and by no means a recovery. For those who have never experienced a recovery take it from someone who has, this aint it!
Now to the real estate end of the equation. You see, jobs drive 1st time home buyers into the market and move 2nd time buyers up in the market. With weak employment and high unemployment (don’t kid yourself, its high) people don’t move as often and it’s showing in our markets. Yes we are all busy but it’s not as busy as we should be and it all has to do with the real employment numbers folks, pure and simple.
Under the heading of if you point out a problem, you must offer a solution, I have an idea. Our economy runs on energy, like it or not and that sector is really hot right now, so here goes.
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Eliminate all federal taxes on gasoline or other fuel.
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Eliminate all surcharges on electric or fuel bills.
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Eliminate all federal taxes on corporations.
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Open all federal owned property over 500 acres to oil and gas exploration at market rates.
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Any company bringing money to the U.S. from outside the country will pay no tax on that money if they are U.S. based.
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The EPA is abolished and states will handle their own environmental issues.
The Catch?
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Companies receive these breaks if they don’t spend money outside of our borders.
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We need $2.00 price at the pump or less and we are removing the tax obstacle to get it there. If the Oil Companies can’t keep it around this number, we will tax them again.
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We need energy independence and this would accomplish it in 3 years or less.
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Oil companies must build 10 new refineries.
You see, I don’t care if Exxon/Mobil makes 2 Trillion next year if they have to spend it in the good ole USA. Let an executive buy 10 jets and 12 houses, someone has to build and service them. Yes it’s a form of trickledown economics, but it has an incentive built in for the country. Keeping money in the country and encouraging the bringing of money from offshore acts as an additional incentive to grow businesses here at home. With no taxes at the federal level, we can pay great wages and bring manufacturing back home. The taxes would be paid by those who work and purchase things like new homes and 2nd homes.
We become a driving force in World economics and show today’s generation what a real recovery actually is.
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