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What do you think is the most effective way to turn this idea into real policy? Add your suggestions here for how you think we should run an advocacy campaign to advance the idea – including the overall strategy, messaging, targets, and tactics.

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  1. J. Andrew Smith


    *** Replace all income taxes with a national sales tax. ***

    1. We'd have smaller government, because one of its biggest departments (and least efficient!) will be eliminated.  Think of the savings in paper too: no tax forms, no receipts, etc.

    2. Everyone making any income, legal or not, will be paying the same taxes: 0% on income and whatever on sales.  Thus we'll get tax money from who knows how many illegals, crooks, etc.

    3. We'll all save more money by simply spending less.

    Suggested by J. Andrew Smith on 01/22/2009 @ 10:31AM PT

  2. Anthony Tampa

    A little off topic but none the less an idea.  Why is it that when i buy a house i have to pay all this interest up front?  This seem like a childish question but who started that? I would like to think that lending institutions would still make money hand over fist if i would pay 50/50.  50% interest and 50%  towards my principal. Think of the consequences!

    Suggested by Anthony Tampa on 01/21/2009 @ 05:37AM PT

  3. Shandra Outlaw

    Our communities need cold hard cash!  Our neighborhoods and communities are in desperate need.  Foreclosures and unemployment is high.   I would like to see community organizations in a position to rehab  foreclosures by employing and empowereing  people who live in the community by  lending to people who already live in the community, rather than outside investors.   There are many of us who are willing and able to fix-up these houses, but lack the funding and excellent credit scores to obatin a loan.  

    Handy Annie
    Chicago, IL

    Suggested by Shandra Outlaw on 01/20/2009 @ 04:48PM PT

  4. Michele Morgan

    The problem is, banks are so scared that they're going to get caught with bad debt, they're even destroying their relationship with good customers. I went through a divorce recentlyand my name is still  on my ex-husband's house. My credit is perfect except for his late payments on that house. I recently had a paid off credit card with a very high limit call and reduce my limit to almost nothing based on my credit report and late payments that had nothing to do with them. They are so afraid don't even dare to look at my payment history with them. How can we stop the credit reporting bureaus from having so much power over peoples lives? And, how are all of the people who have been negatively effected by the economy going  to be able to recover when they have to face the stigma of a bad credit score?

    Suggested by Michele Morgan on 01/19/2009 @ 08:09PM PT

  5. Dito MicroFund

    Re-enact Usury Laws so that lenders cannot charge over 20% interest. 

    Suggested by Dito MicroFund on 01/19/2009 @ 09:43AM PT

  6. amandus wolff

    Now that the financial industry has received a cash infusion, they have still refused to help the people who were encouraged to overextend themselves. 'WE THE PEOPLE' as lenders to the banks must demand the same level of responsibility of them that they are now asking of us. Because they are not using OUR funds to help out those who actually need the help, we MUST demand a refund. It's our money, and we want it used for it's intended purpose, or we get it back.
    Why not use the "bailout fund" to actually help the people who really need the help? The banks are simply hoarding the $$$$$ and only helping those with good credit. If everyone who has a mortgage were to recieve a grant of $50-100,000 towards their loan, the banks who are holding the bad notes would be solvent again.
    Those who do not have a mortgage could opt for a cash payment at some percentage of the mortage payout; which would result in a great economic stimulus.

    Suggested by amandus wolff on 01/18/2009 @ 09:11AM PT

  7. Steven Purdy

    With our current housing crisis, if you sell your house at a loss, you can't get a tax credit (surpised?). The government wants taxes if you sell it at a profit, but not a loss. It's time to fix that.

    Suggested by Steven Purdy on 01/18/2009 @ 05:57AM PT

  8. John Padilla

    I participate in the lending club. I would like to suggest that The Lending club set up a way to lend money to people who want to invest in foreclosures. The banks don't want to lend money unless you have 20% down with excellent credit. They created the mess in the first place by letting people get into homes that they could not afford. I believe that you can do low down or no down deals as long as you put people in the right priced homes. I own properties in TX and in Las Vegas and I have always met my obligations because I always bought cheap so when I get ready to sell I can get my price to make a win-win situation for everyone involved. I think that the Lending club can make money setting up a system separate from its other loans to deal with the foreclosure crisis by offering loans to people to buy up these properties. You can sell the note to investors like myself who deals in the note business.

    Suggested by John Padilla on 01/17/2009 @ 01:15PM PT

  9. Big Cowboy

    Suggestion:  Have people from uncrunch.org talk to columnists at financial sites such as www.fool.com.  A positive article in the Motley Fool would generate much support.  Be prepared for unbiased reporting and hard questions.

    -BigCowboy

    Suggested by Big Cowboy on 01/16/2009 @ 11:29PM PT

  10. Big Cowboy

    A suggestion for something to prepare for in order to assure the long-term success of uncrunch.org:  Have a set of special Internet forums to allow borrowers and lenders to communicate.  Please set this up like the following forum:

    http://forums.go4reward.com/index.php

    It is VERY important that the people who manage this particular forum be fair and impartial.  They should NOT be associated with other parts of uncrunch.org.

    -BigCowboy


    Suggested by Big Cowboy on 01/16/2009 @ 01:28PM PT

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