Thought Number 1
Perhaps the US should forbid the importation from Europe of social, financial, or banking ideas. They don't seem to work too well over there. And besides, we have enough "entitlement ideas" of our own and they don't work so swell either.
Thought Number 2
What more proof do we required about the basic need for personal incentives in the national financial mix? Just look at what's happened to the Chinese and Russian living standards since they included more personal incentives in their finances. Or look at the difference in life between South Korea and their northern brothers. Or study East Berlin since they joined the west. Why, then, do some people in the U.S. want to de-incentivize those who seek to better their lives???
Thought Number 3
Is it true that, deep down, those who borrow dislike those who lend? Or that those who receive unearned largess dislike or suspect those who gave it?
Thought Number 4
Because of the economic demise of 2008 many many tax payers have carryover capital losses that can only be used against capital gains (except for $ 3,000 per year). With no capital gains to be had in the current year, why doesn't Washington decree that taxpayers can deduct 1/3 of their total carry-forward loss (versus the $ 3,000 allowed now) provided all carry-forward losses are completely used up in say 3 years? The tax savings would increase consumer spending and confidence almost immediately. The funds would go into consumption, savings, debt reduction or investment -- all stimulating job growth and/or real estate values. Just what we need.
Those are my thoughts for today. Steve Jobs 'thought differently'. We need a Steve Jobs in Washington.
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