Next Page | Contents | Previous Page
Looking back at the 20th century, America got in trouble regarding the currency. In 1933, Franklin D. Roosevelt took us off the gold standard. With no more accountability or disciplines, the government pumped more and more money into our economy. That caused inflation to eat up our parents' retirement savings and pensions, leaving them poor and financially dependent on us and the government.
Pumping unbacked currency into the economy had a short-term stimulating effect but a long-term deadly effect. Of course, 20th-century politicians sold out our future for short-term re-election gimmicks. The people in tomorrow's Neotech Era were amazed looking back that fiscal policy had become an exclusive power-and-ego manipulating game for the powers that be. The ordinary working man was the victim. After six decades of unbacked currency pumped into the economy -- forever followed by inflation and increasing poverty for each new generation of elderly and needy Americans -- what did we do? In my Second Vision, here was the Neotech President's course of action -- a one, two punch:
One: His immediate policy eliminated the deficit quickly through eliminating "good intentions". We steadily paid off the debt. That cut out all need to raise taxes or to print more money.
Two: The Neotech President eliminated corporate income taxes altogether (which accounted for only 9% of government revenues). That caused an explosion of business, employment, opportunities, and rising incomes for the people. That caused companies to reinvest large sums of money back into their businesses, including cash incentives for employee performance. The money that normally went toward taxes and its "good intentions" instead went toward expansion, job creation, and employee incentive. The economy boomed. ...This concept was first demonstrated in the early '60s during John F. Kennedy's presidency.
After 2001, the young students laughed in disbelief at the silly illusions used by 20th-century big government that tricked us into sending a major portion of our wealth down the drain and into the sewer of waste disguised as "good intentions". Those young 21st-century students could not help thinking what helpless dupes their parents and grandparents once were. After 2001, with no more so-called "good intentions", our taxes now a fraction of what they once were, and with no more corporate income taxes, the money once flushed away to "good intentions" now was reinvested into economic growth. That same money instead went toward starting and expanding businesses, creating jobs, motivating us as in-house entrepreneurs (Fourth Vision), and causing dynamic technological growth, which like the computers drove up our buying power a hundred times.
Next Page | Contents | Previous Page
Disclaimer - Copyright - Contact
Online: buildfreedom.org - terrorcrat.com - mind-trek.com