Yeah, “stimulus” didn’t work. Yeah, nobody got any work. and yeah, politicos – of any stripe – got no idea how to get anything to work; much less any idea how to get work for anybody !
Dem [smart’a…] politicos finally gotta learn: sumpin’ — from nuttin’ is still nothing. Ya gotta stop taxing falling income and printing bad paper. They gotta not keep stickin’ the cart before the horse.
Dem politicos finally gotta learn: that nuttin’ from sumpin’ can really be something. So watta we outta do?
LET’S STICK THE CARROT BEFORE THE HORSE.
The object is obvious: get business to start producing now and hiring now.
The carrot should also be obvious: we give them the incentive, the inducement of an INCOME HOLIDAY !! But they don’t get the carrot beforehand ! Business can’t get the carrot until they create the jobs and production – and then get income. And that income from new production and hiring – is the carrot – and treated to an income holiday !!
It’s pretty clear to us simple folk out here that Washington should turn back making America economically healthy and making jobs,well, — back to us – us simple folk out here !
Since we as a society get nothing from nothing; why not encourage business to make something; and then we all get something – even if the something is “only” jobs. By this time, business knows the only way to get something is to make / to produce something. (After all, they’ve been doing that, but only overseas.)
So, the politicos can do the smartest and most effective thing of all: encourage business to produce – here, in these United States; the place that we call home. And then, just leave it to every business to figure out by themselves how and what to make here — again.
Here’s a simple private stimulus program – and a program sure to make jobs:
A PRODUCTION INCENTIVE.
(1) Let business start new production – now – and keep the income from it !
(2) Let investors invest in that new production – now – and keep the income from it !
(3) Forget tax cuts. Give incentives to produce – an income holiday ! And remember, government’s gettin’ nuttin’ from no / reduced production right now, so it can’t be losing anything !
(4) Then if private investors aren’t induced by an income holiday; give them an alternative to keeping the income: investment loan guarantees for American businesses to re-open and build production facilities in America.
(1) Every business which opens a new production facility (or re-opens a closed production facility) – in these United States – during the next two (2) years GETS TO KEEP ALL THE INCOME IT MAKES FROM THE NEW PRODUCTION over the next five (5) years after they start producing (or better, to be good ‘n biblical, over the next (7) seven years).
And to encourage big industrial production projects we provide a longer period.
If business is not producing – there’s no income for government to tax. Since Uncle Sam would be getting nothing from nothing anyway – Big Brother would be “losing” nothing. And, lord knows, there’s plenty of government expenditure to support them. So “forgoing” some government revenue for business getting back to producing is better than nothing.
If people aren’t working – there’s no income for government to tax. But lord knows, if people aren’t working there sure needs to be plenty of government expenditure to support them. So “forgoing” some government revenue for people getting back to work is better than nothing.
And we, the people, would be getting something – jobs.
Now mind, we said “production”. Surely, by now even the politicos and business have learned the Chinese lesson.
First, it takes producing things – to create value and generate wealth. (This “Chinese” lesson once upon a time used to be the American ‘can-do’ lesson.) And second, becoming a service world where we just sell “services” back and forth to one another creates no real value or wealth. (The ‘hey you, service my nails and i’ll flip your burgers.’)
Let everyone figure out how or what they believe they can profitably produce and we got real “industrial policy”, the sum total of tens of thousands of smart folk. And we don’t care whether the products are used here or exported. It takes people working to run production. Every product made here and used here is also one less product sold here, but made by people working abroad.
People working at the jobs producing things, then actually also do need people working to provide services to them. And then, but only then, do we profitably put people back to work in the service sector.
(2) There’s also a financial side to this private stimulus program. Let’s allow all investors’ investment in such new production projects to KEEP ALL THE INVESTMENT INCOME they make over the next (5) five (or seven) years.
Don’t you think that us folks out here would like to make that kind of investment and return; rather than invest in a wall street betting parlor? Why, even the Wall Street three card monte shills might just go for it.
And, if private investors want to choose an alternative to an income holiday, then government investment loan guarantees can be an alternative offering.
If it’s attractive enough, then the politicos don’t have to take the money out of us folks’ pockets for them to place those bets that we don’t agree with. Ya know, like using all the “stimulus” money to reward public employee unions with job retention (oh sorry, “help to government in providing services”) ;or to pay building trades unions at “prevailing” wages some 4 times greater than the real prevailing wage out here (oh sorry, “infrastructure improvements”).
If we prize efficiency / cutting out the middleman, then why not give the government a dose of its own medicine. why take the money from us — to first go through them sticky fingers in Washington – to then “return” it us by giving it to their campaign supporters?
Make it a no-brainer for us simple folk out here – and we’ll be glad to invest for a return that’s not taken for a while. Let everyone figure out how or what they can profitably invest and we got real “financial policy”, the sum total of tens of millions of smart folk.
‘Nuf said. Let’s get at it.