This week we’ve been asking listeners to suggest big ideas on how to fix the economy, and you've given us a huge response. We’ve talked about raising inflation, boosting housing prices, capping total compensation for CEOs, taxing the rich, and the potential financial impact of legalizing pot. We received over 200 responses, and noticed some interesting trends. One in six of those who responded suggested reforming the tax code. The second most popular idea was to cut military spending.
We've been asking listeners all week for their "big idea" to fix the economy, and we've received a lot of responses. Maybe more importantly, a lot of substantive responses — real ideas that you have thought through. Along with discussing some of them specifically, we wanted to give you a sense of the kind of ideas that were presented most often. Here's a graph showing the topics covered (scroll your mouse over the bars to look at each topic):
This week we’ve been asking listeners to suggest big ideas on how to fix the economy. We’ve discussed raising inflation, boosting housing prices, and capping total compensation for CEOs at $5 million. A few Takeaway listeners called in to offer one of their own: legalizing marijuana. Some say the government would save billions of dollars a year by not policing and prosecuting marijuana crimes, and that legalizing and taxing pot would bring in billions of dollars.
This week we’ve been asking listeners to suggest big ideas on how to fix the economy. We’ve discussed raising inflation, boosting housing prices, and capping total compensation for CEOs at $5 million. Today we're talking about another idea: taxing the rich. The Bush Tax Cuts essentially mean that if you make money with money, you pay less in taxes. And if you make money from a job, you pay more. Economists and tax analysts agree that the cuts disproportionately benefit the richest Americans. And some wealthy Americans — including Warren Buffett — are calling for the rich to be taxed at a higher rate.
This week we’ve been asking listeners to suggest ideas on how to fix the economy. So far we’ve talked about raising inflation and boosting housing prices. Today we're talking about capping the total compensation that CEOs earn — including salary, benefits and bonuses — at $5 million. Any additional money would go back to the company, hopefully creating more jobs. Who would step up to do this? Perhaps Warren Buffett, in light of his recent op-ed for The New York Times.
In Washington, a 12-member "super committee" of legislators is haggling over spending cuts and generating tax revenues. Confidence in Congress to get the job done on our stumbling economy is at an all-time low. But America's strength has always been about the democratic discussion of big ideas. In a free society, one person can change the world with creative problem solving. So we want to hear more from you: what are your big ideas for solving the economy?
This week we're talking about ways to fix the economy. President Obama is currently on a bus tour, talking to voters in Illinois, Iowa, and Minnesota about his plan to boost the economy. Back in Washington the Congressional "super committee" has begun talks over how to find $1.5 trillion in spending cuts. And here on The Takeaway, we're asking listeners to share their ideas.
On the heels of the debt ceiling crisis, Congress has established a "super committee" to find ways to reduce America's debt. The twelve-member committee began work on debt-reduction strategies this week, aiming to come up with a plan to reduce the deficit by $1.5 trillion by Thanksgiving of this year. But as lawmakers lock horns over where to find spending cuts, we've been asking our listeners for suggestions on how to fix the economy. One suggestion our listeners had was to boost housing prices.
We've been asking our listeners for ideas on how to fix the economy. Congress has raised the debt ceiling and established a "super committee" to find ways to reduce America's debt. It's clear that the country needs a concrete plan to fix the economy. One suggestion that some of our listeners have is to increase inflation.