Thursday, July 24, 2008

How to fix the US economy

Bureaucrats like to complicate things, I like them simple (which the former of course view as radical thinking).

1. Plan to drill for oil off shore (look to Norway for any environmental concerns)and start drilling asap (just look at oil prices after Bush said he wanted to get going on this!).
2. Plan new nuclear facilities
3. Enforce laws on the books that currently are being ignored such as:
a. Immigration
b. Naked short selling - this is a BIG one - this has been illegal since 1933 but still happens in massive volume every single day and is a huge burden on the stock market
4. Fix the tax-system, preferably eliminate income and corporate tax but at the very least change individual tax to a flat tax of no more than 15%
5. Change the mentality of government to find ways to earn money selling the public services they want or that someone is willing to pay for.

There once was a Swedish Business Leader who stated "when you sweep dirty stairs you start on top" and then he fired almost all his business leaders.

The US should be looked upon as the largest Corporation in the world and run as such focusing on profitability while at the same time taking care of both the employees and the stockholders (tax-payers). The thinking needs to change or this "Free" society will be outpaced by other continents and the "Empire" will indeed crumble.

Innovation is the mother of capitalism and as such needs to be sufficiently motivated and not, as today, be discouraged by red tape and bureaucracy. Intellectual property creates independence and that coupled with energy independence...now you got something.

maybe less attorneys and a few more entrepreneurs :-) would do the trick?

1 comment:

SBetters said...

I think we have a new Arnold! "Floridahhh"

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