What can be done to fix the economy? Just two things will fix the economy. Adding a third will bring us back to a prosperous economy which can afford the kind of medical care everyone wants.
1) Cut the corporate income tax by 50% which will allow corporations to bring back money and manufacturing to the US.
2) Enact protectionism again. Both the Republicans and Democrats are in favor of free trade. Free trade is great because it creates a level playing field for everyone. The problem is exactly what makes it so fair and great. We are not on a level playing field. The cost of living here is more expensive than most countries. Free trade forces the US to either send manufacturing jobs to other countries or to accept lower wages. The Internet has allowed lower-cost labor to compete on a level never before possible. We cannot sustain an economy as prosperous as we have become used to unless imports are taxed. This will allow manufacturing to flourish once again in the US.
3) Stop spending money on wars, conflicts and the Mideast. Not only do these wars and armed conflicts have a substantial direct cost, but there is a tremendous cost to society because of the loss of soldiers who would have produced an income for their families, paid taxes and provided other benefits to society. Additionally, there is a tremendous financial burden (or at least there should be) upon society for the cost of medical treatment and rehabilitation for soldiers who have been wounded. With the money saved from eliminating the cost of wars and armed conflicts, 50% of the money saved should be spent on defense and the other 50% should be spent on developing alternative energy sources so we can avoid these wars.
I just need to be Dictator to accomplish this.
One reply on “How to Fix the Economy”
During the Carter years we had an explosion of imports from Thailand, Korea, Yugoslavia, and Japan.
I remember Ronald Reagan saying on T.V. that he wanted to re ignite the engine of industry in America. He did so by devaluing the dollar and raising tariffs. It took about a year and we were booming once again.
Along came Clinton and opened the flood gates for China and we have lost fifty million manufacturing jobs in the last 20 years.
China is a Communist country who is our enemy! They cheat by pinning their currency to ours at a low exchange rate. They sell poisonous products. Chinese products are so poorly made that 99% of Christmas products end up in landfills by
We will never recover until the traitors in Washington are thrown out on their asses and we return to mercantilism like our competitors (namely China)
That will never happen because the American people are as stupid as their government and would rather vote for socialists who give them goodies from the public funds than be self sufficient as a family (a family can take care of there own needy) mine does!
To end Government spending, Simply take away the vote from anyone receiving welfare. Socialists couldn't get elected then, and America would look more like America within five years.