This country, The United States of America, revolves around capitalism. It's a great idea, until a recession hits, and then it's just a long cycle of people losing jobs, not being able to buy things, and more people losing jobs. Eventually, it will fix itself, or it will need a very indebted government to throw money into it. However, the problems do not stop here. In capitalism, it is certainly not a fair distribution. Some people work hard almost every day of their life, only to earn just enough to get by on while some people inherent millions of dollars and never have to work a day in their lives. People like that can be corrupt in power and never even think to give to the ones who are less fortunate than them. There are even more people who don't have jobs, and not because they can't work, whom collect thousands of dollars from the government and don't have to work for it.
So, obviously, the way our economy is flawed. Well, there are multiple ways we could fix it, such as socialism or communism. Most Americans are very against Communism and Socialism, and for good reason. I am not very educated on what exactly socialism is, but how I understand it, it is somewhat close to communism. Because so many are against it, Socialism is far from a permanent fix. Even more people are against Communism, the economy of the Russia we had the cold war with and of North Korea, who is seen as a threat today. But there are more reasons why Communism would never work. The idea of Communism isn't bad- there are no rich, no poor, everybody is, on paper, equal. However, this also means that the worst babysitter would get paid as much as the best surgeon ever. If it were more modified, each person in a certain job may get paid the same, and the amount varies per job. This is more practical, but that would still mean that a person who didn't do their job well would get paid as much as one who worked as hard as they could. And how would this work?
You may be asking: well, then how are we going to fix this? I believe the answer is less government involvement, moving factories to America, and commissions. That's right, commissions. What if the average worker in a big company got paid, say, 50% of all of the profits that they personally contributed to making so the salaries depend on how much work is put into whatever a worker is accomplishing. That way, the boss is still making 25% of all profits of all the workers if the business tax is 25%, and the employees get an amount that reflects their skill and hard work. This would require more tracking, and checking to make sure nobody is lying, but it may work, and it could create more jobs. Just think- if a product isn't doing well, there's no real need to fire workers, as they get the same ratio of product profit. If more people have jobs, then more people can buy more things, and there is more demand, making the salaries of workers go up, making even more demand, and so forth. It's an opposite trend from a capitalist downturn. Moving factories back to America would also improve the overall economy. Maybe labor wouldn't be as cheap, but demand would be higher in America, as more people would have jobs that pay well. Another perk to moving the factories would be tax money. The businesses could be part of the solution to fix national debt. If products were made by American businesses, then the Government would be able to tax the businesses, again, 25%, and it could save America millions, if not billions a year! Finally, the government's involvement in paying citizens should be minimized. I'm not saying to stop paying the elderly retirement money or to leave the handicapped to themselves, but there are plenty of perfectly healthy and able people in America who don't have any reason to even look for a job because they're getting paid all they need. The government should check regularly on someone getting unemployment to make sure he or she is either looking for a job, unless they are needed elsewhere, such as single parents.
I'm not claiming to be an expert economist or politician. I am not claiming that this plan is flawless. Of course this could cause some tension with countries that we presently have factories in and may upset some more wealthy Americans, but with so many people on this planet, over 7billion, it is impossible to please everyone. All in all, this plan will benefit the most people while hurting the least and will make America a harder working, strong and independent country once again.
So, obviously, the way our economy is flawed. Well, there are multiple ways we could fix it, such as socialism or communism. Most Americans are very against Communism and Socialism, and for good reason. I am not very educated on what exactly socialism is, but how I understand it, it is somewhat close to communism. Because so many are against it, Socialism is far from a permanent fix. Even more people are against Communism, the economy of the Russia we had the cold war with and of North Korea, who is seen as a threat today. But there are more reasons why Communism would never work. The idea of Communism isn't bad- there are no rich, no poor, everybody is, on paper, equal. However, this also means that the worst babysitter would get paid as much as the best surgeon ever. If it were more modified, each person in a certain job may get paid the same, and the amount varies per job. This is more practical, but that would still mean that a person who didn't do their job well would get paid as much as one who worked as hard as they could. And how would this work?
You may be asking: well, then how are we going to fix this? I believe the answer is less government involvement, moving factories to America, and commissions. That's right, commissions. What if the average worker in a big company got paid, say, 50% of all of the profits that they personally contributed to making so the salaries depend on how much work is put into whatever a worker is accomplishing. That way, the boss is still making 25% of all profits of all the workers if the business tax is 25%, and the employees get an amount that reflects their skill and hard work. This would require more tracking, and checking to make sure nobody is lying, but it may work, and it could create more jobs. Just think- if a product isn't doing well, there's no real need to fire workers, as they get the same ratio of product profit. If more people have jobs, then more people can buy more things, and there is more demand, making the salaries of workers go up, making even more demand, and so forth. It's an opposite trend from a capitalist downturn. Moving factories back to America would also improve the overall economy. Maybe labor wouldn't be as cheap, but demand would be higher in America, as more people would have jobs that pay well. Another perk to moving the factories would be tax money. The businesses could be part of the solution to fix national debt. If products were made by American businesses, then the Government would be able to tax the businesses, again, 25%, and it could save America millions, if not billions a year! Finally, the government's involvement in paying citizens should be minimized. I'm not saying to stop paying the elderly retirement money or to leave the handicapped to themselves, but there are plenty of perfectly healthy and able people in America who don't have any reason to even look for a job because they're getting paid all they need. The government should check regularly on someone getting unemployment to make sure he or she is either looking for a job, unless they are needed elsewhere, such as single parents.
I'm not claiming to be an expert economist or politician. I am not claiming that this plan is flawless. Of course this could cause some tension with countries that we presently have factories in and may upset some more wealthy Americans, but with so many people on this planet, over 7billion, it is impossible to please everyone. All in all, this plan will benefit the most people while hurting the least and will make America a harder working, strong and independent country once again.