re: #37 researchok

I just believe that allowing equal access to opportunity (read: bank credit) would unleash a whole new wave of success in this country.

For me, banks are a huge part of the problem.

Who is taking up loans with banks these days? Big companies are just sitting on giant amounts of cash already that they are not investing in anything. Basically, a lot of money for free was thrown at the big players in the wake of the 2007ff meltdown. But it hasn’t fixed the problem. Now, people demand that a lot of free money be thrown at the rest of the society. That’s a fair demand. It also won’t fix the problem, and additionally it will also make the money the big players got worth even less.

I think these things need to happen:

* Massive overhaul of the loaning system to rule out all political shenanigans and financial fraud schemes that erode the credit market. This will effectively bar a lot of players, big and small alike, from taking up loans without proper collateral, the banks having matching top-notch securities, etc. It will basically deflate the credit base.
* Massive overhaul of the taxation system to redistribute completely unearned property positions and even out the playing field so that a solid middle class can actually take up loans again that they will be able to pay back and in case of default not let the debt get bad. A matching method to level the playing field must include a massive overhaul of the educational sector by eradicating all approaches based on competition that get any Federal money. Basically just overtake the Finnish model.
* Massive overhaul of the welfare system to allow poor Americans to amass viable ammounts of savings and climb up the ladder to meaningful positions of creditworthiness.