What are the most critical elements of an economic plan for the United States, and how should they be balanced? For example, consider deficit reduction, managing the size of government, creating jobs, maintaining social services, maintaining military strength, supporting current overseas military operations, reducing spending, and increasing taxes. Which candidate has a plan closest to what you prefer?
This is pretty easy for me.
- I will always advocate for a flat tax, however, until that happens, we need to raise the income tax on the top 3%.
- The size of government is too large. In West Virginia, State Government is one of the largest employers. The Federal Government’s public sector employment, while shrinking, is too large. First, you have to bring in efficiency. We have better technology, but too often, rules meant to safe guard the public interest prevent the implementation of cost-effective technology.
- I want to talk about the military. We need to draw down our Armed Forces and heed Eisenhower’s prophetic challenge. End the war in Afghanistan… and remove us completely out of Iraq. Maintain a strong Navy and Marines, but remove all bases from Europe and Asia and return to the Monroe Doctrine, updated of course. China is not going to attack us. Neither is Russia. The terrorists are mad because we are over there imposing our imperialism. This is about the only place I completely agree with Ron Paul on – foreign policy. Maintain our support of NATO and other regional groups, but by the large, bring our troops back to the Northern Hemisphere. Instead of supporting the German economy, support North Carolina’s. Reinvest in a smaller, more robust military.
- Redo the health care reform to include the legal protections, but remove the mandate. Install single-payer. Maintain social services, of course, but raise the retirement age in increments. Remember, the social safety net is a safety net, not a retirement package. Make sure these things are fully funded and based on the life expectancy of the populace as a whole. For example, move the retirement age for my age group to seventy-two. In 15 years, if life expectancy is, say, 105, move it to 75.
- Curtail corporations that act not just across international lines, but across state lines. That’s right – restructure the anti-trust and monopoly legislation to ensure that corporations are not larger than small towns. Allow for co-op corporations, but shrink the power of the corporations.
And now… not because you asked, but because this needs to be said… again. This country as had times practiced a real system of redistribution of wealth. First, we took lands from the Native tribes. Another instance, the United States Government ordered the emancipation of slaves, destroying the Southern economy (while benefiting the Northern economy), for nearly a century. Call it moral, or not, it was still a redistribution of wealth. Again, as in the post just linked, we took more land and turned it over to a first come, first served.
So, here you go…If you want real job creation… nationalize the largest corporations who refuse to break up (a la Ma Bell and the Baby Bells). Within one month, those who can purchase or prove they can run the business, will receive (per immanent domain) the new “land.” The new land owners will have to pay the other corporations a percentage of stock price, etc… Imagine that instead of 1 Exxon-Mobile, you have ten. Instead of 1 Wells-Fargo, you go back to 10 banks and several investment houses. You open up the “new land” to a new gentry.
That’s job creation.
So, there you go.
You cannot do just one thing – but must begin to fundamentally restructure the American economy and economic mindset. It is not about preventing success, but about preventing a monopoly of success so that others inherit success prevention. Contrary to popular belief, there is a limited good – limited money, limited land, limited wealth – so, you have to break it up every now and then. More people sharing will create more jobs, more taxes, and more success.
- Energion Political Conversation 2: Three Important Issues in Election Cycle (bobcornwall.com)
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