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A Simple Plan for Prosperity

04-30-2009

People will invest in America when they feel they can make a profit.

Investing will inject capital, create jobs, get money circulating in the economy.

Here is my recipe for economic recovery:

1. Lower taxes on achievers
2. Lower taxes on investors - give a tax deduction on dollars invested in US companies and lower the capital gains tax
3. Lift regulations in things we do well: energy, agriculture, aerospace, and so on
4. Lift regulations on things we want to do well but need R&D investment in to develop

Let's admit a fundamental economic truth: Starting a business incurs risk; government should encourage risk by not penalizing reward.

In fact, I challenge our state legislators and our representatives in Washington to set a precedent: start enterprise zones as a test of the above -i.e., if you invest here, we won't tax, we won't interfere, we'll let you guide your business to profitability as you see fit. And then sit back see what happens.

I suspect that such zones attract an influx of capital and create jobs. We could then use this example as a template to counter Obama's pitiful plan to tax, deficit spend, and regulate us into prosperity - prosperity in his book meaning "everyone should be happier with less and grateful to the government for securing it for them."

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