Originally posted by parsley
View Post
But since you asked:
1) Completely overhaul the tax structure in order to encourage ambition, businesses, entrepreneurs, and all hard working people. This will also attract "socialism refugees" from the world over, employees, businesses and entrepreneurs who are being driven from their own countries by exorbitant tax rates, regulations and corruption. I'd be in favour of completely eliminating income tax, personal and corporate, replaced with consumption taxes, sin taxes, luxury taxes, death taxes, inheritance taxes and user fees. The first country to recognize this is going to attract the best and brightest, and they will bring their education, wealth and technology with them, being late to this party will not be an option, it will be too late.
2) Eliminate, simplify, or reduce regulations and red tape with the same goal as #1.
3) Make health care a priority, this is the only business government should be in. When anything is offered for free, demand will always exceed supply, but rationing the supply with waiting lists, is not the answer. There needs to be incentives to take responsibility for your own health. Spend much more on research and prevention, actual health care instead of sick care. All of us need to change the way we view health spending, society thinks it is acceptable to go into debt to buy a home theatre system to improve quality of life, but refuse to spend a dime to maintain, improve or repair our health. Two crisis's occurring simultaneously, Automation and technology are putting people out of work, and health care needs and capabilities (with associated costs) are increasing exponentially. There doesn't need to be an artificial shortage of trained professionals who charge accordingly, when there is a large unemployed labor force. Health care truly will consume the majority of our GDP at some point, and employ most of the healthy people and it probably is possible to do it. If 1) and 2) are implemented, we will have the productive workforce to vibrant economy to afford it.
4) Outlaw all public sector unions.
And I agree with sheepwheat's #1 suggestion.
Comment