blackmonsters

Here is a crazy idea that I just thought of.
It's crazy because it's exactly what a lot people would not want to do.


Here it is :

1) Make the first 3 months of income for those newly hired off unemployment
exempt from unemployment income reporting.

2) Do the same for those coming off unemployment because they started a business.

3) Double Dutch Deductions : Employers currently employing 10 people or more
can deduct twice the normal deduction of each new hire as business expense if the new hires
during the year increases the staff by 10%. The employee must remain hired for 365 days
or more to qualify. New hires with income exceeding $35K do not qualify for this deduction.
(just made $35k up, haven't looked at it)

4) The government gets it's money back by taxing the income of the newly hired.

5) Maybe this can work for people getting off welfare too.


Explained :

Theoretically, the extra 3 months of unemployment these people will receive will
be expendable income. In other words, they can actually buy stuff with the money
instead of just paying another electric bill.

Paying electric bills and the like does not boost the economy the way that
retail sales does.

I say this is better than a "stimulus check" because those checks were just
used to pay bills that people had piled up during unemployment.

If they don't buy anything then they will still put the money in the banks.
Now the banks have money to loan.


-- The double dutch deduction is an incentive to hire and lowers company taxes.

-- The extended benefits are an incentive to try harder to find work.

-- The extra unemployment money is used to buy retail goods


Well, anyone think it could work?

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