Archive for February, 2016

The Answer to Every Debate Question

February 12, 2016

Answers to the last nights debate questions and the GOP one:

1. There is no such thing as too big to fail especially big banks like Goldman Sachs and you cannot be against crony capitalism if you vote for the Ex-Im bank. American corporations doing business overseas must now bear their own costs.

2. We need to understand isolationism vs. non- interventionism, bring the troops home, and end the welfare granted to all foreign nations. Foreign aid is outlawed as unconstitutional, unjust, and un-economic. Foreign politicians have to steal their own money. The World Bank, IMF, and United Nations close their super-luxurious doors. The Defense Department is reoriented towards defense. American troops come home from all around the world. We adopt a policy of armed neutrality, remembering the Founding Fathers’ teaching that we could not have an empire abroad and a constitutional republic at home.

3. The income tax is abolished. A flat tax all the way to zero as we end the warfare-welfare industrial complex. The 40% reduction in federal revenues is matched by a 40% cut in spending. There is no need for the USG to have a military budget greater than the rest of the world combined, and the USG revenue is still quite high.

4. An end to the drug war and a focus on treatment locally without incarceration.

5. The option of competitive currencies instead of a Federal Reserve and abolishing the taxes on silver and gold to enable exchange.

6. The elimination of most if not all cabinet departments. Dept. of Energy ends as oil and gas prices plummet. The Dept. of Commerce ends as big business has to make its own way in the world, without subsidies and privileges at the expense of its competitors and customers. HUD is dead. There’s a building boom in cheap, private, apartments. The Dept. of Education revealing its total waste.

7. The federal government sells all its land, freeing up tens of millions of acres for development, mining, farming, forestry, oil drilling, private parks, etc. The government uses the revenue to pay off the national debt and other liabilities.

8. All other federal taxes are abolished, including the corporate income tax, the capital gains tax, the gasoline tax, “sin” taxes, excise taxes, etc. Businesses boom

9. Equal rights are granted to all Americans, even members of non-victim groups. There is no affirmative action, no quotas, no set-asides, no public accommodations laws. Private property and freedom of association are fully restored.

10. All tariffs, quotas, and trade agreements are put through the shredder. Americans can trade with anyone in the world, without barriers or subsidies.

Justin Ptak is an entrepreneur and a Margaret T. Rowley fellow at the Ludwig von Mises Institute.