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From: Democracy Highlander <d...@g...com>
Newsgroups: alt.politics,sci.econ,alt.politics.economics,misc.invest.stocks,talk.poli
tics.misc
Subject: Proposals to help the Main Street
Date: Sat, 4 Oct 2008 16:33:31 -0700 (PDT)
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Now, since the population has been robbed to pay the fat cats on the
Wall Street here are some pieces of legislation we need to insure that
the Wall Street gamblers just don't take money and run, loughing in
the face of the hardworking Americans fired in order to boost
corporate profits.
1. Make illegal for a company who layoff workers to "survive into a
recession" to pay any dividends for at least 1 year after the last
"downsizing". If a company is sound enough to pay dividends, then it
is also sound enough to keep paying wages to their workers.
2. Company can not make a layoffs to "survive the recession" how long
they still pay the CEO more than 2 times the non-managerial average
wage. That is, if the company is in dire-straits, then first they have
to prove that they did their best to recover and putting people out of
work it is the last solution to survive. Therefore, first they have to
cut the unproductive expenses to executive and top management, before
taking severe actions as layoffs.
3. Once the economy enters a recession, the government must cap the
interest rates the population pays on credit cards. If a persons lost
his job, he shall be eligible to apply for a break in credit card
repayment until he start working again. During this break, the
interest is to be suspended. It is an unspeakable for a greedy credit
card company to try to extort fees from the unemployed Joe, since he
is unemployed exactly because of the recession created by the greedy
credit card companies, and he as taxpayers already payed all the
interest in the form of the bailout.
4. Once the economy enters into a recession, the health insurance
companies must be forbidden under the criminal law to look at the
health history of a person applying for individual coverage. Must be a
crime to deny coverage or to charge an unaffordable rate due to
preconditions for a person who lost the coverage from his employer.
5. Increase the duration of unemployment insurance for all the
duration of the recession and increase the payment.
To collect the money, increase taxation on profit for the financial
corporations and rich shareholders.
It is time to stand for your own rights, you already payed for.
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