Does the US need a new economic model?

So we tried punitive tariffs and the deficits are bigger than ever.
Gave big tax cuts to the corporations and they buy their stock back with it.
Sign a new trade deal with Mexico and it only raises their minimum wage - something we haven't done for our own people.
Our infrastructure is crumbling while our competitors are building entire cities.
Is it time to dump capitalism?

 

No. The problem isn't the economic system it's the government. When your tax receipts every year exceed the GDP of all but 2 or 3 countries Your government still can't live within it's means the problem isn't your economy model.

 

We don't need a new model, we need an old one. Decentralize the economy. Let regions succeed or fail on their own merit instead of sucking from productive areas to float everything else.

 

The only "new economic model" the US needs is to CUT SPENDING. And that includes welfare. We can't have half of the country living on welfare and expecting the other half to pay for it.

 

So we cut 150 billion from welfare and 500 billion from defense and you would be happier?

 

No. We’ve got to change our campaign finance system to change the response of our political party’s. Obviously money talks and you’ve cited some of the evidence.

 

Don't capitalism in favor for what communism?

Maybe spending less on certain things in redirecting funds toward infrastructure is a good idea maybe less money spent on student loans foreign wars, and various other things that have no appreciable good to the tax payer.

The problem with a massively overstretched deficit is not that we're not spending enough. It's also that not that we're not taxing corporations enough if they go too high they'll just leave.

The problem is spending on stupidity we need to quit doing that.

 

Hmmm. I don't know about communism.
But for some reason China has an income tax rate of 45% and a corporate rate of 25% and they are still kicking our tail.

 

So your new economic model is simply higher tax rates?

 

In what regard? Human rights?

 

Disease control?

 

Did you see their infection rates. They were climbing on sort of a logarithmic scale until they just stopped counting. Oh and there are zero new cases.

Lol

 

After saddling us with Carona virus and our lock down response that was a day late and a dollar short.

 

No.
The US Federal government needs to get back to constitutional basics - the sole function should be defense (including border and immigration control), justice, and international relations. Throw in the Fed for universal currency. Everything else, like the DEA, Welfare, etc, must go.

 

Yes. Emphatically so.

 

Because they have a comparative advantage in labor laws.

 

I wouldn't say we need a completely new economic model, but we do need to change the ways in which our government intervenes with our economy. Namely we need to dump the corporate welfare system. Free markets should be run by individual choice, and by individual choice I mean the consumers as a collective. If the government feels the need to provide tax incentive to simulate the economy, give it to the consumers, don't give corporations subsidies, give the every day Americans who buy products that money instead. Small businesses are being swallowed by big businesses because we keep giving the bigger businesses unfair advantages in the market. We pass these unfair advantages, and then celebrate them as job creators

 

Someone else who is over awed by China. Just because their dictatorship can force their people to "build entire cities".

Why the constant whining about infrastructure in the United States anyway?

 

You will never save your way out of debt, or to success. We arnt spending or investing on the correct things that bring us a greater return is the problem.
Im with TCassa, we need to invest in people rather then corporations..heck its YOUR tax money, just have the government give it all back to us. The People.

 

greedy Corporatism is destroying Capitalism

 

Because our infrastructure is crap, and it stifles growth.
Its not their dictatorship that is building the cities, its that they invest in themselves correctly bringing them a larger return, and greater opportunity. Their government getting into crypto may be a factor as well, but obviously thats not an option for us.

 

American infrastructure has always been "crap". Don't believe me? Look at some copies of U.S. News & World Report that make that exact argument.

From 1981. Yet obviously our growth for the last four decades has been pretty steady and decent.

 

If you read the title I ask the question. Do you have an idea?

 

I'll start a list.

 

Is that a proposal?