Got any good ideas...

beaujolais-nouveau

MSE_Martin wrote: »

Looking for new money rules to send to politicians, want to help start it off...

Ban gambling. I don't have an axe to grind here - I think gamblers are idiots but it is not unlawful to be an idiot - however, serious researchers say that just banning gambling could reverse the global recession.

"The United States International Gambling Report series says casinos siphon money away from economies struggling to rebound, and saddle taxpayers with hefty, ongoing costs to battle crime and other social problems that gambling spawns. ... .A sweeping ban would put money lost to gambling back into the traditional consumer economy, where an economic "multiplier effect" triples its impact by creating new jobs supplying goods and services, according to the latest volume in the series, "Gambling With Crime, Destabilized Economies and Financial Systems." [University of Illinois at Urbana-Champaign ]

"'The longer we wait, the longer it will take to see the impact,' said Kindt, a professor of business and public policy who has studied gambling for more than 20 years. 'If people don't want to do that, fine. Enjoy your recession.'"

http://www.genengnews.com/news/bnitem.aspx?name=52894087

Other research findings included in the book conclude:

Gambling fails valid cost-benefit analyses, similar to proposals that seek to legalize marijuana and addictive drugs.

History shows government and gambling cannot coexist, and that gambling interests will ultimately corrupt government.

Government-sponsored gambling is second only to Big Oil and oil dependence as the most threatening catalyst for worldwide economic and financial destabilization.

Crime jumps 10 percent in areas with casinos, personal bankruptcies soar 18 to 42 percent and the number of new, addicted gamblers doubles.

Legalized gambling creates and finances new organized crime in the U.S. and countries around the world.

Australia has the world's highest concentrations of gambling, and the highest per-person social costs of any industrialized nation.

Despite job-creation claims by the gambling industry, 90 percent of gambling revenue goes into slot machines, which create no new employment.

(My emboldening.)

geoffky

financial literacy to be compulsory taught in schools..(and not to be sponsored by the banks) we really need people to start to understand about the way the system works before they enter the markets..

Alan_M_2

I'd like to see the one size fits all bankruptcy system categorised.

There should be a minimum of Business and personal....this stops anyone whose business has been taken down by other businesses going bust being tarred with the same brush as someone who spent personally beyond their means.

Maybe even split this down into fault and non fault categories....

JayScottGreenspan

The data protection act is intended to oblige credit ratings agencies to compensate you appropriately for mistakes they make.

They usually ask for evidence that their mistake caused loss. To help in this respect, the data protection act obliges lenders processing personal data for the purposes of credit scoring to tell you the "logic involved in that decision-taking".

Unfortunately lenders just say 'your score was too low' which is in practice equivalent to 'computer says no'.

This leaves the consumer with no recourse. Lenders appear to be circumventing the obligations the DPA intended to create.

Former_MSE_Archna

Hey guys if you could you post in the original thread that Martin posted that would be really helpful. Thanks :beer:

carolt

GorgeousGeorge, you posted loads of good ideas on Martin's thread, but because you posted most of them in 1 very long post containing 10 points, none of them are likely to be considered as the post was too wordy; plus I and I'm sure many others would have liked to agree with (by thanking) most of your points, but as they were all posted together, unless someone agreed with every single point (unlikely) they would be unlikely to thank the post.

Shame to waste so many good ideas; could you delete the original post and post your (excellent) ideas separately?