Re: The federal government needs to regulate the Pro sports industry for the sake of the middle class
posted at 7/4/2011 2:11 PM EDT
In Response to Re: The federal government needs to regulate the Pro sports industry for the sake of the middle class
[QUOTE]Sports has no place for the govt. Stay the H E L L out!!!!
Posted by jdm894g[/QUOTE]
My feelings exactly
Yes, the banks need to be reigned in and unfortunately they will bribe their way out of the justice they deserve
but SPORTS ARE DISCRETIONARY EXPENSES. If people want to blow their money and people want to make money on people who blow their money on sports, let them be
Get rid of the farm subsidies
Get rid of the oil subsidies
Simplify the tax code to get rid of loopholes like the mortgage interest tax writeoff that mostly benefits the rich who own massive and expensive houses
LOWER the corporate tax to get jobs to return to America - companies no longer want to operate here because our 35% corporate tax is among the highest in the world
Eliminate the public unions - unions of CIVIL SERVICE workers shouldn't exist to protect them against the government they willingly chose to serve. They drive up taxpayer expense by expecting private-sector level pay with absurd amounts of job security when their marginal product of labor is much lower. I support the rights of people to collectively bargain in the private sector, but the need for government workers to unionize is pathetic. If they want competitive pay and benefits, they should leave their cushy public jobs and compete in the private sector for that pay and those benefits.
Make education more accountable - teachers shouldn't be judged on CURRENT standardized test scores. The standardized tests should be replaced to reflect a broader and more difficult curriculum. Right now, high school students and below aren't universally tested on physics, earth sciences, calculus, philosophy, literature, world history, music, art, and a number of other topics that would expose them to the ideas necessary for them to develop critical thinking and unique perspectives needed to drive future American innovation forward. And yes, art and music matter almost as much as a list of literatary works that every American student should have to read, or especially physics and calculus in an age where America is no longer producing top science and engineering talent. More money isn't the answer, though. America already spends more money per student than almost any other country. Instead, hold teachers more accountable for the standards that matter, like a broad and difficult standardized test that doesn't exclude important material like physics and calculus. In the age of databsing, there's no reason that teachers and schools can't also be held accountable for the employment rate, high school graduation rate, college graduation rate, and crime rate of their students.
Repeal federal healthcare TEMPORARILY. The reason that top science and engineering and math talent come here from China, South Korea, India, etc is that we offer the best standard of living. Opportunity isn't just trying to push your way into the exclusive society of multimillionaires and billionaires, but also knowing that you and your family will have access to healthcare and education. But we shouldn't finance healthcare through debt. A simplified tax code with fewer loopholes and a lower corporate tax will help get the government budget back on track so we can afford sweeping benefits like this in the future (so top international talent keeps coming here instead of going to other countries who are also offering good benefits to its citizens). I don't think we should finance public healthcare through debt, though.
As for the banks, I would like to see "alternative investments" severely limited if not eliminated. If banks could no longer make money off of m*st*rbating numbers into questionable options, derivatives, and futures, they might have to invest in companies that produce REAL PRODUCTS THAT IMPROVE THE LIVES OF AMERICANS. Furthermore, top American intellectual talent might be more committed to the types of innovation that we need and that banks would be investing in instead of number m*st*rbation
On a side note, we need less lawyers and an overhaul of our justice system. I'm not sure how to go about doing this, but this needs to be explored because justice should not be a capitalist venture, and yet it is. Money shouldn't alter justice, but yet it does. And law is draining almost as much of America's academic talent as banking, if not more (more prestigious?). If top law talent was committed to innovation or other obstaces facing America today, I have to view that as a positive. The free market seems to be reflecting an oversupply of law talent right now, but the free market is slow to react and I don't think we can afford to wait an entire generation for people to realize that the law field has become overcrowded and convoluted. If we could steer that talent elsewhere now, I think that would be beneficial.
As for employment, I no longer believe that the government is capable of spending efficiently. The academic school of thought suggests that the government can spend money more efficiently than the private citizen who will save it. But this ignores all of the intangible obstacles, like special interests, pork barrel spending, politicking, etc. Put money back into the hands of the people, especially the bottom two tax brackets who would instantly spend it on bills or goods rather than giving it to the rich who are NOT investing and NOT spending and would rather stash/hoard/save it. The bottom two tax brackets would be given cash to spend, and they'd stimulate the economy instantly. So put money in the hands of the people, especially the people who need it. Yes, this is a transfer payment, but this is better than any other program in place right now.
Do something to make Americans more mobile. I don't think Americans are willing to move for jobs, making the free market more inefficent. Offer some kind of incentive to companies and/or workers to relocate for jobs.
That's all for now. I know this is a sports forum, but I wanted to get some of my thoughts out there for public consumption to see what people think. I think they're good ideas, if unrealistic.