10 Ways To Revolutionize America
Political debate is as hot as ever. More Americans think our best days are behind us than ever before. Have we seen the end of American dominance, economically and politically? Here are ten ways to revitalize our country and ensure we stay at the top.
Shift Power Away From D.C.
1. Give Power Back To The States
We have way too much centralized power in the hands of the Federal government. Why does the federal government determine how much funding a museum in a small town in Iowa receive? The earmarks (currently the way for representatives to send money back to their states) are out of control and are too often hidden in larger bills. The states were originally in charge of the decisions inside their respective states. Federal taxation and the size of the federal government is out of control. Many federal agencies should be completely shut down, federal taxation should be all but eliminated, and the states should be in charge of infrastructure, welfare, etc. Federal agencies that should close: IRS, Post Office, Homeland Security, the Fed, just to name a few.
2. Term Limits On All Politicians
Next up, term limits. What if no politician ever had to worry about re-election? What if their entire focus was on the long-term, well being of our country. Currently, our politicians only care about re-election. They use focus groups and polls to determine the course of action and the words to use; instead of what is best for the country. Make terms longer, and have a term limit set at one. Say goodbye to the life time politician who will do anything to hold on to the perks of Washington D.C.
3. Stop Running A Global Empire
We are spread way too thin, and we don’t have the money to fund it. One of the major themes you will see here is getting our finances under control so we can stop borrowing money. Let’s get back to focusing on America. If a global empire is necessary to have a hand in the middle east’s oil or other similar reasons, this leads to my next point.
4. Get Off Foreign Oil
This could possibly be the single biggest game changer for our country. Not only would we stop sending all of our dollars overseas, we could stimulate job growth domestically with domestic energy sources, we could stop funding terrorist harboring states, and we could get out of the middle east’s affairs. Also, if you are a climate change fanatic, it would be good for the environment!
Strong Currency, Strong Economy
5. Go To A Gold Standard
Despite the global common belief that devaluing one’s currency is the approach to prosperity, it has never worked historically. By going to a gold standard, we would prevent our government from debasing our currency. Our dollar has lost over 90% of its value since the Federal Reserve was created early in the 20th century. Also, the Fed is hugely responsible for the bubbles that hit our economy which are terrible for Americans. While most view the recession as the problem, the problem is the bubble, the recession is the natural fix for the bubble. By eliminating our loose monetary policy, we will prevent future bubbles and have a strong currency for generations. By going to a gold standard, our government cannot rob us through the silent inflation tax. Let’s preserve our future purchasing power!
6. Stop Incentivizing Debt and Incentivize Savings & Investment
Why does our country encourage debt over savings? You’re able to deduct interest you pay on a mortgage but you are taxed on the interest you gain from your savings. Have you ever thought about how stupid that is? It should be the opposite! Unfortunately, our government clings to the idea that credit is the life blood of our economy. Wrong. Savings are the life blood of the economy because credit cannot exist without the savings that back it. Savings result in investment which results in economic and job growth. This would change the fabric of our society for the better!
7. Get Rid Of The Income Tax
Did you know at one point, there was zero income tax in our country? Now, our most productive citizens are taxed ferociously by the federal government. We love to talk about stimulus these days. Imagine the economic effect if all of a sudden the income tax were revoked? The stock market might double over night! Now, how can we fund government without an income tax? Well, with the way government looks today, you can’t. This is why I couple this idea with the other ideas laid out in this article such as getting rid of many government agencies, returning power to the states, putting an end to our global empire, etc.
8. Embrace Risk & Consequences of Risk
Simply put, end this bailout nonsense that has defined the last year or two. Currently, the government is the biggest mover in the market because there are many institutions that would not exist were it not for the federal government. Whether a person bought a home they can’t afford, a company like GM is incapable of being profitable, or a bank loaned money to people and businesses that cannot pay it back, each entity should be allowed to fail. Despite what you may hear today, companies going under is not a sign of capitalism failing, it is a sign of capitalism thriving. In a healthy capitalist society, companies are allowed to go under so that the bad allocations of capital can be removed from the system. How would President Obama define risk? Think about it.
Family & Lifestyle
9. Support Family Values
We need to focus more on family and what family used to be. Years ago in America and currently in other countries, families look out for each other. Today in America, instead of families providing for needy family members, we have way too many people looking to the government for support. What if we got back to this idea?
Furthermore, men embracing the responsibility of being a father would change this country over night. Children not having a dad is one of the biggest statistical disadvantages that exist. Children of single moms are almost guaranteed to be poor. Instead of worrying about offending every single mom, why don’t we focus more on what is best for the kid? The statistics are undeniable. Kids always do better with a mom and a dad. Crime would go down, welfare would go down, our economy would grow, our government could shrink.
Why do we spend more per child on education in the world, yet do not have the best education system in the world? Interestingly, American kids at an early age like 3 years old outperform their peers in other countries handily on testing. Yet, compare test scores of 15 year olds in a similar way and America is way behind. Kids actually lose ground the more years they are in the American school system! What a joke.
Perhaps, we need to abandon the idea that school is for everyone. We are used to political rhetoric like “No child left behind” and “college needs to be more affordable”. Maybe not everyone is meant to go to college? In countries like Italy, only the academically gifted continue on to higher levels of education. The ones that do not go to trade schools and learn valuable skills that make them contribute to society and earn a good income. Instead of trying to send every single kid to college, why not send kids who aren’t great at school to trade schools? This would lower the cost of education for everyone at the same time. Something needs to change because our expensive education system continues to deteriorate. Or maybe we should abandon the idea that government should run it?
Why I Wrote This Article on 20smoney.com
This article is important for all 20-somethings because these policy ideas would help our country thrive economically and provide more opportunity for 20-somethings of every status or income level. The more opportunity, the more freedom, the more wealth, the more safe our country becomes.
Post your feedback below in the comments section if you have any thoughts. I look forward to hearing them.