A few weeks ago, I gave some suggestions to politicians on how to help millennials (here), but Hillary of course ignored them. I’m hoping Trump will pay attention. He could lock in their votes forever by doing what I said back then. And here are some more suggestions:
1. Raise the $400 limit on self-employment tax. This has been $400 since at least 2002 and probably earlier. It means that just a little bit of extra money made on one’s own means a lot of bother. The limit should have been indexed to inflation ages ago.
2. Maybe lower the percentage of Social Security taken out for poor people.
3. Change the law about taxes and living abroad. This was meant to hit rich Americans living abroad who wanted to avoid paying taxes, but instead it has hit ordinary Americans as foreign banks decide it’s not worth the bother of allowing Americans to have bank accounts with them.
4. Change the laws – and I’m presuming there are such laws or we would be seeing it happen – preventing charities from cashing checks for poor people. The left’s solution is to close down the expensive check-cashing places, but they suggest nothing to replace them (except higher wages, which either won’t be forthcoming or will ultimately lead to more unemployment). Now I’m presuming most of the checks that get cashed at those places are payroll checks for people who are too poor to have bank accounts, so there won’t be much danger of bad checks, unless the whole check is somehow forged, and I am assuming that will almost never happen.