Russ Roberts makes a great case for why Americans should not fear China's economic growth. For one, their prosperity only means there is a bigger market for our products. However, China is still desperately poor and the fact their government spent so many resources winning gold medals is a travesty for the Chinese people.
See the Cafe Hayek post.
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This blog is really about the calming effect that I get by having an outlet in which to complain about the problems I see with government. Those complaints usually have something to do with government interfering with personal freedoms and taking away basic liberties of the people that elected these officials in the first place.
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.--Friedrich Hayek
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10 Things I would Change In Government Today
1. Term Limits (2 for Senators and 6 for Representatives)
2. Pass the Enumerated Powers Act
3. Pass "loser pays" legal reform
4. Close all Departments in Federal Government except Defense, Treasury, Transportation, Justice, Commerce and State (possibly Interior).
5. Drop all subsidies and supports to corporations and individuals
6. Drop all tariffs and import restrictions
7.No Corporate income tax. Tax dividends as income.
8. Stop withholding taxes from paychecks. Make people write the check every month to the US Government.
9. Force the Government to have a Sovereign Wealth Fund to invest Social Security Surplus in non-government investments. Transition out of a government-run retirement function with private annuities.
10. Set up a dual-rate (8% and 15%) income tax scheme with no deductions.
2. Pass the Enumerated Powers Act
3. Pass "loser pays" legal reform
4. Close all Departments in Federal Government except Defense, Treasury, Transportation, Justice, Commerce and State (possibly Interior).
5. Drop all subsidies and supports to corporations and individuals
6. Drop all tariffs and import restrictions
7.No Corporate income tax. Tax dividends as income.
8. Stop withholding taxes from paychecks. Make people write the check every month to the US Government.
9. Force the Government to have a Sovereign Wealth Fund to invest Social Security Surplus in non-government investments. Transition out of a government-run retirement function with private annuities.
10. Set up a dual-rate (8% and 15%) income tax scheme with no deductions.
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- Where are the people to vouch for B Hussein?
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- Yours Truly on CNNMoney
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