Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

The Salvation of America’s Economy

April 20, 2015 By Richard C. Young

Originally posted July 12, 2011.

Courtesy of The New York Times and Nobel Laureate Paul Krugman.

Paul Krugman is well read as a featured op-ed columnist for the New York Times. In a July 3 piece headed Corporate Cash Con, Krugman concluded, “What our economy needs is direct job creation by the government.” I wish I were making this up, but unfortunately this summation is exactly what Times/Krugman are subjecting readers to. I have run my own business for almost 35 years, advising small business owners (America’s jobs creators) and retired and soon-to-be-retired, conservative investors on protecting their life savings. With zero reservation and a lifetime of direct experience, I can assure all Times readers and anyone else exposed to the delusional Krugman reasoning that this prescription is nuts.

What America needs is a return to the federal republic form of central government espoused by Thomas Jefferson, in which the federal government, Congress and the president would be confined to the specific activities enumerated in Article I Section. 8. and Article II Section. 2. of the Constitution. In such a constitutionally correct setting, the federal government would be dramatically smaller than what it is today with a weak presidency, as is the case in Switzerland, and most ideally a part-time Congress featuring legislators who agree to run for only a single term. The majority of today’s Washington-based departments would be dissolved, with designated duties turned over to the states. Social services would be the concern of individual states, to include reformed Medicare and Medicaid. Social Security would be privatized. Total government outlays, in such a constitutionally correct environment, would plummet, allowing a long overdue scrapping of the tax code. No more corporate income tax. No more tax on savings. A modest, everyone-pays-a-share, individual income tax filed on a one-page form would emerge. An equally modest national sales tax with—once again—everyone paying a fair share would also emerge.

The word modest is a cornerstone of a new tax scheme, as the federal government in the future would be but a shadow of the current constitutional violator. The need for accountants would rapidly disappear, and lawyers would be in increasingly light demand. An overhaul of the legal system would put an end to class action lawsuits and punitive damages. Federal court activities would be greatly diminished, with state courts appropriately taking over. A new, national right to work law in combination with a reformed tax and legal system would quickly combine to make newly energized American businesses the model of the world. The job creation engine run by America’s small business owners would switch into overdrive.

America’s military would concentrate 100% on defending American soil. We would no longer attempt to project U.S. military power abroad. There would be no need to engage in the massive projection charade that, for over 100 years, has been the province of America’s military/industrial complex. America’s economic might, its new hard currency status (the Fed would be history), and its well-promoted homeland military power would combine to produce an economic/military presence unmatched in the world.

Such an eminently sensible, constitutionally correct American federal republic could be the basis of a Tea Party revolt. There are obviously many losers in such a revamped American system. It has taken since 1913 to assemble America’s Jabba the Hut bureaucracy. It is, in 2012, time to start an orderly dismantling.

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • Betting On America
  • America's Defenders of the Constitution
  • What Makes America Great? Freedom
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Latest posts by Richard C. Young (see all)
  • Europe Should Protect Itself - January 31, 2023
  • The Neocon Russia-Hoaxers of Hamilton 68 Must Be Held Accountable - January 31, 2023
  • Despite Western Aid the Russians Are Slowly Taking Ukraine’s Territory - January 30, 2023

Dick Young’s Must Reads

  • DEATH SPIRAL: Crime Soars in Democrats’ #DEFUNDTHEPOLICE Cities
  • Stunned Democrats Against “Defund Police”
  • The Problem in America
  • Your Survival Guy Prefers Bombardier’s Global Express 7500
  • TOP HEAVY: Focus on Big Indexing Could Cause Market Chaos
  • Democracy: The Most Dangerous and Insidious Effect of Majority Rule.
  • What to Do about China?
  • Gold’s 50-Year Price Explosion
  • To Me There Isn’t a Better Way to Live
  • Your Odds with Statins: 500 to 1?

Disclosure

RSS Youngresearch.com

  • What Kind of Life Are You Investing For?
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Are the Realists Winning the Debate over the Future of EVs?
  • CATO: Global Freedom Is in Sharp Decline
  • Biden Administration Destroying Retiree Fiduciary Protections
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Suddenly, Holding Cash Looks Good Again to Many
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Is Passive Investing Already Passé?
  • Welcome to Hotel California, Where You Can Never Leave

RSS Yoursurvivalguy.com

  • What Kind of Life Are You Investing For?
  • Why Don’t These Mayors Seem to Care?
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Your Investment Focus Is the Foundation for Success
  • CATO: Global Freedom Is in Sharp Decline
  • TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic
  • Biden Administration Destroying Retiree Fiduciary Protections
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Welcome to Hotel California, Where You Can Never Leave

“I Will Veto Everything They Send Me”

Europe Should Protect Itself

What Kind of Life Are You Investing For?

The Neocon Russia-Hoaxers of Hamilton 68 Must Be Held Accountable

Why Don’t These Mayors Seem to Care?

How to Fight Wokism Idiocy

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives