Comments on: My Idea to Help the Economy and the Credit Crunch http://blogmaverick.com/2009/02/03/my-idea-to-help-the-economy-and-the-credit-crunch/ the mark cuban weblog Thu, 18 Mar 2010 16:26:57 +0000 http://wordpress.com/ hourly 1 By: cidman2001 http://blogmaverick.com/2009/02/03/my-idea-to-help-the-economy-and-the-credit-crunch/#comment-62462 cidman2001 Mon, 23 Mar 2009 15:36:14 +0000 http://blogmaverick.com/?p=1120#comment-62462 Mark, You haven't touched this subject yet, and I'm wondering why. Many people in this thread and your other economics related threads have suggested legalization and taxation of Marijuana. Many have also suggested raising taxes on alcohol (something that hasn't been done in 37 years in our state!). I've noticed you've shyed away from these topics. Are there controversial ideas out there that even Mark Cuban is afraid to take on? I'm guessing that there are thousands of non-marijuana smokers who would love to see some tax revenue generated from all the stoners they're surrounded by. I believe that I read somewhere that weed is now the biggest cash crop in Canada. Bigger than soy or wheat. Why isn't there a futures market for it? None of the drunk people jumped up and screamed bloody murder when the health nuts got cigarettes taxed to the hilt. So it should be no problem when the price of a six-pack triples. I would make the same arguments to them. Look at the cost to society. Why should we all pay for more cops, judges, prison guards, doctors and rehab? Lets fund all that on the backs of drinkers. Just think of how many will quit because they can't afford it! (Please note extreme sarcasm). I think its been mentioned here enough times to warrant a reply. I would love to see you dedicate a post to this subject. If nothing else, perhaps it would cut down on the number of people who bring this up every time you want to start a discussion about the economy. Based on the number of people who suggest legaliazation here and in other forums, I would say its a subject that has validity and is gaining serious momentum. I would love to hear your take on this subject in a dedicated thread. It's time we had this discussion, what say you? Mark,

You haven’t touched this subject yet, and I’m wondering why. Many people in this thread and your other economics related threads have suggested legalization and taxation of Marijuana. Many have also suggested raising taxes on alcohol (something that hasn’t been done in 37 years in our state!).

I’ve noticed you’ve shyed away from these topics. Are there controversial ideas out there that even Mark Cuban is afraid to take on? I’m guessing that there are thousands of non-marijuana smokers who would love to see some tax revenue generated from all the stoners they’re surrounded by. I believe that I read somewhere that weed is now the biggest cash crop in Canada. Bigger than soy or wheat. Why isn’t there a futures market for it?

None of the drunk people jumped up and screamed bloody murder when the health nuts got cigarettes taxed to the hilt. So it should be no problem when the price of a six-pack triples. I would make the same arguments to them. Look at the cost to society. Why should we all pay for more cops, judges, prison guards, doctors and rehab? Lets fund all that on the backs of drinkers. Just think of how many will quit because they can’t afford it! (Please note extreme sarcasm).

I think its been mentioned here enough times to warrant a reply. I would love to see you dedicate a post to this subject. If nothing else, perhaps it would cut down on the number of people who bring this up every time you want to start a discussion about the economy. Based on the number of people who suggest legaliazation here and in other forums, I would say its a subject that has validity and is gaining serious momentum. I would love to hear your take on this subject in a dedicated thread.

It’s time we had this discussion, what say you?

]]> By: richman895 http://blogmaverick.com/2009/02/03/my-idea-to-help-the-economy-and-the-credit-crunch/#comment-62047 richman895 Mon, 16 Mar 2009 13:27:38 +0000 http://blogmaverick.com/?p=1120#comment-62047 Once again the so called experts are dumbfounded with what to do to fix the economy, take AIG- if they have the best and the brightest running that company then God help us all. those executives are terrible, they cant make a viable business model if they had to,and if our goverment is having to be held hostage or the world economy will colapse with the demise of AIG then you have to wonder if AIG is actually the powerhouse of our entire world financial strength. at this rate they will burn through 1 trillion dollars just for AIG?? this is so ridiculous. The simplist plan would be to lower the tax rate for everyone, pay a basic flat rate, keep all the deductions in place, make rent tax dedutable, as over 6 million people will be renting this year that have gone BROKE. remember what ever the goverment says the unemployment rate is , it is double that number, they dont take into account self employed, and people that do not qualify for unemployment, I guess those 4 million dont count either huh?? We need to let the peicies fall, GM, Chrysler, will be gobbled up and made viable again, by the way, since all the white collar exxecutives that were fired in the last 10 months are eligible to start building roads and bridges, where are the illegal alliens going to work?? Basic principles of good business need to be in place here, would you get a bonus if your company was not profitable?? why do all the companies we are bailing out get to receive bonuses?? this is crazy.. this can be fixed, but we have to get the right people in place. Once again the so called experts are dumbfounded with what to do to fix the economy, take AIG- if they have the best and the brightest running that company then God help us all. those executives are terrible, they cant make a viable business model if they had to,and if our goverment is having to be held hostage or the world economy will colapse with the demise of AIG then you have to wonder if AIG is actually the powerhouse of our entire world financial strength. at this rate they will burn through 1 trillion dollars just for AIG?? this is so ridiculous. The simplist plan would be to lower the tax rate for everyone, pay a basic flat rate, keep all the deductions in place, make rent tax dedutable, as over 6 million people will be renting this year that have gone BROKE. remember what ever the goverment says the unemployment rate is , it is double that number, they dont take into account self employed, and people that do not qualify for unemployment, I guess those 4 million dont count either huh?? We need to let the peicies fall, GM, Chrysler, will be gobbled up and made viable again, by the way, since all the white collar exxecutives that were fired in the last 10 months are eligible to start building roads and bridges, where are the illegal alliens going to work?? Basic principles of good business need to be in place here, would you get a bonus if your company was not profitable?? why do all the companies we are bailing out get to receive bonuses?? this is crazy.. this can be fixed, but we have to get the right people in place.

]]> By: Allan http://blogmaverick.com/2009/02/03/my-idea-to-help-the-economy-and-the-credit-crunch/#comment-62045 Allan Mon, 16 Mar 2009 10:46:19 +0000 http://blogmaverick.com/?p=1120#comment-62045 So called experts seem to forget that what drives the economy are the consumers, regular folks like you and me. Incentives should come from the bottom -> up. Reduce all taxbrackets. Simple enough. More money in the pocket of the consumer, more demand for businesses. I need less taxfree accounts than I need more money in my pocket. And no, they are not the same thing. So called experts seem to forget that what drives the economy are the consumers, regular folks like you and me.

Incentives should come from the bottom -> up.

Reduce all taxbrackets. Simple enough.
More money in the pocket of the consumer, more demand for businesses. I need less taxfree accounts than I need more money in my pocket.

And no, they are not the same thing.

]]> By: Daily PUMA http://blogmaverick.com/2009/02/03/my-idea-to-help-the-economy-and-the-credit-crunch/#comment-62026 Daily PUMA Sun, 15 Mar 2009 17:33:48 +0000 http://blogmaverick.com/?p=1120#comment-62026 Create incentives that relate to income tax refunds. All refund checks could be direct deposited into a 4% interest bearing account, allow the taxpayer a chance to match the amount, make that all interest free as long as the account is only spent on medical bills or insurance, or is used one day in the future as a deposit on a new home. Also, make renting tax deductible as well. Create incentives that relate to income tax refunds.

All refund checks could be direct deposited into a 4% interest bearing account, allow the taxpayer a chance to match the amount, make that all interest free as long as the account is only spent on medical bills or insurance, or is used one day in the future as a deposit on a new home.

Also, make renting tax deductible as well.

]]> By: Rahul http://blogmaverick.com/2009/02/03/my-idea-to-help-the-economy-and-the-credit-crunch/#comment-62025 Rahul Sun, 15 Mar 2009 17:23:58 +0000 http://blogmaverick.com/?p=1120#comment-62025 great ideas - there is a new platform to express ideas myidea.co.in great ideas – there is a new platform to express ideas myidea.co.in

]]> By: keldrin http://blogmaverick.com/2009/02/03/my-idea-to-help-the-economy-and-the-credit-crunch/#comment-61228 keldrin Mon, 02 Mar 2009 19:41:33 +0000 http://blogmaverick.com/?p=1120#comment-61228 Great ideas! Great ideas!

]]> By: Avsa http://blogmaverick.com/2009/02/03/my-idea-to-help-the-economy-and-the-credit-crunch/#comment-60927 Avsa Wed, 25 Feb 2009 23:54:15 +0000 http://blogmaverick.com/?p=1120#comment-60927 Great idea MC! That incentive would surely motivate me to move my matress savings into a leanding institution, but then what would I use for a pillow? Thank you Great idea MC! That incentive would surely motivate me to move my matress savings into a leanding institution, but then what would I use for a pillow? Thank you

]]> By: SGP http://blogmaverick.com/2009/02/03/my-idea-to-help-the-economy-and-the-credit-crunch/#comment-60215 SGP Wed, 18 Feb 2009 13:59:07 +0000 http://blogmaverick.com/?p=1120#comment-60215 The first thing is you bring 30 yr. fixed rates down to 4.5% for only 6 months, after that period let the public know rates will rise very slowly but steadily. This will create an urgency.After the 1 st. full month the media has to start emphasiseing that house prices are at the lowest point & people are starting to buy & house prices are going to start to rise. after the second month the media needs to start saying we are starting to come out of the recession. The main problem here is the bad publicity, the continuing bad news & no light at the end of the tunnel. Everything else will start falling into place. The first thing is you bring 30 yr. fixed rates down to 4.5% for only 6 months, after that period let the public know rates will rise very slowly but steadily. This will create an urgency.After the 1 st. full month the media has to start emphasiseing that house prices are at the lowest point & people are starting to buy & house prices are going to start to rise. after the second month the media needs to start saying we are starting to come out of the recession. The main problem here is the bad publicity, the continuing bad news & no light at the end of the tunnel. Everything else will start falling into place.

]]> By: tony http://blogmaverick.com/2009/02/03/my-idea-to-help-the-economy-and-the-credit-crunch/#comment-59969 tony Tue, 17 Feb 2009 04:34:58 +0000 http://blogmaverick.com/?p=1120#comment-59969 the bail should done by the usa voteing public instead of big corporations. if the goverment divided the 800 billion dollar bailout by the number of voteing public in the usa. and gave each person a large amount of money to spend on bills and buying new things they need. the public would pay off loans, bills, mortages buy new cars houses and stimulate the ecomney. this would help everyone, and stimulate the economey. the bail should done by the usa voteing public instead of big corporations. if the goverment divided the 800 billion dollar bailout by the number of voteing public in the usa. and gave each person a large amount of money to spend on bills and buying new things they need. the public would pay off loans, bills, mortages buy new cars houses and stimulate the ecomney. this would help everyone, and stimulate the economey.

]]> By: TakeyMcTaker http://blogmaverick.com/2009/02/03/my-idea-to-help-the-economy-and-the-credit-crunch/#comment-59698 TakeyMcTaker Sun, 15 Feb 2009 12:06:15 +0000 http://blogmaverick.com/?p=1120#comment-59698 Banks' ability to lend based on unsecured deposits is part of the problem, and definitely not a solution. Google "Money as Debt" to see how banks create fake loan money out of thin air that distorts the economy, always in their favor. The fact that they have failed in a system so distorted in their favor shows what idiot managers they really are. The best way to make tax policy an incentive to save is to eliminate the income (production) tax, and move entirely to consumption taxes. Banks’ ability to lend based on unsecured deposits is part of the problem, and definitely not a solution. Google “Money as Debt” to see how banks create fake loan money out of thin air that distorts the economy, always in their favor. The fact that they have failed in a system so distorted in their favor shows what idiot managers they really are. The best way to make tax policy an incentive to save is to eliminate the income (production) tax, and move entirely to consumption taxes.

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