Wednesday, November 3, 2010

Ari Fleischer: Lessons From the Last Republican House - WSJ.com

START WITH MAKING BUSINESS THE FAVORITE UNCLE: Ari Fleischer: Lessons From the Last Republican House - WSJ.com

It would seem to be worthwhile to consider totally turning around the way entitlements and benefits are approached - i.e. to deal with these matters as a family would - based on income.

Right now the idea is to borrow and soak the rich - or, as the French unions recently demonstrated, any business with profits can always pay more toward early retirement benefits.

Bottom line would be that American should start by figuring out what it will take to make America the best place in the world to start and maintain a business (reading loud and clearly, "this means jobs").

Off the top of the list, the corporate tax rate is too high; immigration restrictions are a disaster (businesses need to be able to easily bring in employees from all parts of the world); tax rates on entrepreneurs (the old $250,000 are too high and all the extra taxes for the healthcare bill are crazy high).

People need to feel the US will treat them fair (and better than other countries) on taxes and regulations.

Sure the teachers unions and public employees need a major reorientation and the some states will go BK if they can't get their own taxes, etc. under control.

Business needs to be treated as the 'favorite uncle' not a 'black sheep'.

The black sheep should be those who feel 'entitled' to take more from society than they are giving back (let's start with some of these public employees who spike their benefits) and yes, Medicare and Medicaid - cap it and adjust benefits.

The end result of making the US 'business friendly' will be that there isn't the money for all these benefits!

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