The three things are:
1. Tax Reform - Revive the entrepreneurial spirit
2. Prune Government - Dramatically reduce spending to eliminate our debt
3. Term Limits - Congress and lobbyist need checks and balances too
Tax Reform. Current tax law is ridiculous! We need reform on both the individual and the corporations. How much did you earn? Pay 10% (or whatever) No more depreciation tables, no more standard deductions, no more travel and expenses computations; just simplify! Reducing corporate taxes from over 30% to around 10% will attract business and investment which will create jobs.
Prune Government. This is where the boldness will be required. We must get off the entitlement drug! We have a serious spending problem. Social Security must be retooled. The expectation is for you to live to average life span. Once you exceed that number, qualify for the subsidy with means testing and then you receive Social Security. Bill Gates does not need a Social Security check - ever! The post office needs to be closed and the services absorbed by the private sector. Public education must go away and become a private business as well. No more government pensions. Private sector can not afford them and the tax payer should not absorb the cost. We need to provide for our nation's security and regulate commerce, beyond that ... prune baby prune! I am talking about a radical reduction in government over the next 10 years. Most of the services can be growth opportunities for the private sector. The government has demonstrated poor fiscal aptitude. As The Donald would say, "You're Fired".
Term Limits. Career politician is an oxymoron. I am ok with a bureaucrat serving in city council, moving to state legislature and then terms as both a congressman and senator as a career path. However, more than 12 years in the same role is enough. Move on or move out. Oh, by the way, save your money because we are not giving you a pension! How many coaches are with the same team for 12 years? How many CEOs run the same company for 12 years? It is not the norm in life and it should not be the norm in politics.
I know this will not be easy. I personally like a lot of the loopholes and deductions. However, this insidious rationalization of more government must be addressed. It is time for a public intervention. Congress, we're watching you! Once bitten, twice shy. Shame on us for allowing this to happen to our great country!
Published by Mitch Biggs
Diverse background with a passion for the small business community. Currently developing retail opportunities in the Health Care Industry View profile
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2 Comments
Post a CommentNolan -- Thanks for the feedback, Yep - You're right we are in a mess and need dramatic changes. I served our great country and chose not to take a pension, so I guess you can say, yes, I am prepared to give it up. Certainly I understand people depend on deductions as do businesses and there can not be an immediate "flip the switch". However, just as these feel good programs to garner votes have insidiously eroded our individualism, they need to be unwound over time. I'm sure the golf industry will find a way to operate profitably or they can repurpose the land.
Pretty dramatic stuff there, Mitch. Are you ready to give up your Air Force pension? How about all the subsidies for airports? And fuel? What about the business deductions that keep the golf courses alive? I'm pretty sure Speaker Boehner won't be making any cuts that hurt the golf industry.