Create Business Friendly Mindset


The US needs to alter a critical mindset – one belonging to our primary job creators – entrepreneurs, investors, private corporations.

 

At present, our corporations possess approximately $2 trillion in cash or quick liquid assets; this is near 40 year high as ratio to GDP.  Their current mindset is:

 

Why invest in an extremely business hostile environment?   We have to contend with Dodd Frank, ObamaCare, 40% increase in our debt last 2 ½ years, 12% US dollar decline, US support for Brazil oil drilling while disallowing ours in contempt of court,  EPA implementation of Cap n Trade, and the most blatant – Government attempt, via NLRB,  to mandate how and where our leading exporter (Boeing) can expand.

 

Two specific proposals – “cut, cap, balance” and the Fair Tax, if implemented will quickly change this mindset.  The former will cut borrowing by ½ next year – yes ¾ of a Trillion and pass a balanced budget requirement.  This will decrease risk of near terms (this Summer) of substantially increasing interest rates.  This will also shift available resources from the wasteful public sector to the private.  The latter’s 0% federal corporate tax will position US immediately as a haven for global venture capitalists, all while being revenue neutral, progressive  via prebates to low income.  Elimination of IRS and projected $430 billion annual savings to the economy, will also add finally again to a business friendly – I want to invest in the US mindset.

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About economics501

1 - free market Capitalist; 2 - Fitness Entrepreneur; 56 years old, VP at an Investment Bank in NYC, ex Venture Capitalist, happily married with 2 girls. Education: Rutgers and NYU. I allow Ted Hruzd, my friend to blog at will here. He has many posts here. I have known Ted since we were both students at NYU. Ted also works for an Investment Bank as a VP in Equity Global Markets. ------------------------- I was very very Socialist leaning as a 22 year old. I then strongly believed in Gov role in helping the poor. However, as a USDA Child Nutrition Programs, I personally accounted for millions of fraud, abuse, and waste of tax payer money. I came to believe that the poor would be best served with less Gov programs and more with direct aid via tax system. Then after 5 years I became a free market capitalist, was a venture capitalist in 2007 and helped start 2 high tech companies. I dedicate this site to champion free market capitalism as the best road to Prosperity. Please join in. If you disagree, fine, but please post with dignity and class and be civil. Argue with facts always.
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