POLITICAL: My economic recovery plan

http://www.lewrockwell.com/giles/giles30.html

Fallen Angel
by George Giles

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Our one party has two wings blue state socialists and red state fascists, they only disagree on minor conjectures like should we fleece the public fisc through the Federal Reserve, or the Internal Revenue service, or both?

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If eternal vigilance is the price of liberty then Americans, as a culture, have been found wanting. The immense debt, the vanishing equity, and the struggling economic infrastructure are the waves upon which our ship of state sails.

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Wonder if the sheeple will realize they have been had? If we have faith in the “American experiment”, then we can return to our roots of rugged individualism, cast out the socialists, and let the truly free market return us to prosperity. Enlightened individual self-interest is a powerful engine of prosperity. But, we have to be the “home of the free and land of the brave”.

(1) Let the bad actors in the marketplae fail. Citi, GM, NBC, or whomever has a problem; it’s just that. Their problem. Hard bitter medicine? Yes, but essential into correcting the “moral hazard” that our politicians have allowed to happen.

(2) Restore the “uptick rule” that prevents bear raids. FIre the genius at the Treasury, Fed, SEC that changed that one historical gem of an idea.

(3) Restore the marketplace in mortgages. Home ownership may not be for everyone. 20% down! Review every mortgage for criminal fraud. (Rumor hath it that Organized Crime went into the mortgage business.)

(4) End the “Drug Prohibition” policy. Sorry, but it’s nobody’s business what anyone puts in their own body. Pardon all non-violent drug offenders. Allow WalMart to battle the “illegal violent drug dealers”. (The cost of impure illicit drugs will dissolve overnight when Sam Walton’s children become “drug dealers”.) Clean safe drugs at everyday low prices will take all the profit and sexiness out of the drug culture. Hard to imagine a drug war over aspirin level prices. Pot, heroin, crack, and speed for $4 for a month’s supply? Maybe then as a society, we can focus on the medical problems that addicition represents. And, stop killing children both directly and indirectly. Eleimate all the drug agencies: DEA, FDA, and on and on. Consumers Reports, Underwriters Labratory, and “Drug Stores” like WalMart will do a far better job of keeping us safe.

(5) Downsize governemnt at all levels. Let’s conduct a raid on all these bloated kingdoms of waste. Let’s cut 5% per year. Every year.

(6) Let’s cut taxes. Business tax should be 0, but let’s start but cutting it to 10%. (Ireland is 11%!) We know that businesses don’t pay taxes; people do! Personal income tax ditto 10%. And, ONLY ONE ENTITY can collect our 10%. Either Federal, State, or Local gooferment. How they divide it up I care not, but no more than 10%. Property taxes should also be 0. Let the police, fire, and trash be supplied on a competitive basis.

(7) Let’s all MYOB. Marriage should be left to churches; not the gooferment.

How’s that for an economic recovery plan?

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One Response to POLITICAL: My economic recovery plan

  1. Karen says:

    YES!!! True in November. Even truer now. So what do we do? How do we get our employers to stop stealing our earnings and giving them to the feds? How do we not pay income taxes without going to jail resulting in losing our jobs and our ability to support the feds? Where do we go and who will go with us in this revolt? I don’t mind filing federal taxes, but I DO mind paying them! We need FairTax (not flat tax), elimination of the lifers in Congress (Kennedy, Pilosi, Grassley, Harkin, etc.), and a return to the nonpolitical correctness of civility and rationality. We need to get the spoiled children of Congress out of our pockets. So how do we do it?

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