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Enforce Sherman Anti-Trust Act (if it's too big to fail, it's too big).
This much is a good idea, especially for the GSEs.
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Reinstate Glass-Steagall. Thanks Phil Gramm.
Uh, the failures have been in the investment banks, not the commercial bank side covered by G-S. Whatever the merits of G-S, that's not the problem here.
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Gradually use tariffs to encourage regrowth of an American manufacturing base.
"Reinstate Smoot-Hawley"? Herbert Hoover sends his love...
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Immediately go back to a Clinton-era tax rate on high-income (OMG 39.6% instead of 35%!),
What good can that possibly do? Four and a half points across so small a minority will accomplish nothing other than reduce the amount that minority has to invest.
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and also deal with the grossly-overcompensated (e.g. CEOs) by indexing their compensation to that of the average employee of their company, and once that compensation exceeds x amount, a higher tax rate kicks in on that amount over the standard.
Won't work because *they* *don't* *care* what that tax rate is. They just take more to cover it (a lot of executives taxes are actually paid by the corporation by contract - they get paid a predetermined amount regardless of taxes).
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and may even consider raising the average pay of his employees to increase his non-higher taxed compensation.
No, the best response is to just outsource everyone. Government policy has long discouraged hiring anyone so the best answer is to capitulate to that.
There is also a huge difference in the skill level required by employees at different companies.' Most manufacturing firms require little skill for most screwdriver-wielders, but a boutique engineering firm or equivalents in the financial or medical sector might have few people paid under $100k. Who wants to run a manufacturing firm that hires lots of workers if you get paid 20% as much as a guy who runs a surgical firm?
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"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock