Peter1469
04-29-2015, 07:14 PM
3 fixes for economic boom (http://www.realclearmarkets.com/articles/2015/04/29/a_few_simple_fixes_could_unleash_an_economic_surge _101647.html)
RealClearMarkets posted an economic opinion piece on three things that could be done to create an economic boom in the US. We have discussed the first two here a lot.
1. Fix the tax code: the author is focused on corporate taxes and the problems with the current system that encourage / force corps off shore. I would expand this section to simplifying the code in general.
2. Ease the regulatory burden: a no brainer. The current regulatory scheme favors the largest corporations at the expense of everyone else.
3. Cultivate human capital: fix education in the US. Stop turning out illiterates from high school and have colleges teach marketable skills.
In Washington, debates over how to grow the economy often devolve into endless budget battles over this or that public program.
Outside the Beltway, however, business leaders I talk to agree that simply removing a few self-imposed barriers to economic growth could unleash a surge of business activity.
Let's look at a few examples in just three areas of the economy: tax policy, the regulatory environment, and human capital.
RealClearMarkets posted an economic opinion piece on three things that could be done to create an economic boom in the US. We have discussed the first two here a lot.
1. Fix the tax code: the author is focused on corporate taxes and the problems with the current system that encourage / force corps off shore. I would expand this section to simplifying the code in general.
2. Ease the regulatory burden: a no brainer. The current regulatory scheme favors the largest corporations at the expense of everyone else.
3. Cultivate human capital: fix education in the US. Stop turning out illiterates from high school and have colleges teach marketable skills.
In Washington, debates over how to grow the economy often devolve into endless budget battles over this or that public program.
Outside the Beltway, however, business leaders I talk to agree that simply removing a few self-imposed barriers to economic growth could unleash a surge of business activity.
Let's look at a few examples in just three areas of the economy: tax policy, the regulatory environment, and human capital.