Quote from: autumn08 on May 28, 2016, 01:01:36 AM
How can the U.S. Government make capital wealthier, labor better-paid and infrastructure better and sustain those improvements?
It's more than a little fuzzy and ill-defined. There's a reason you don't find any one-handed economists. Still, what we can say is that the government should clearly stay out of the pockets of both wall street and unions, rather than each buying a party outright.
Proactively, tech investments beyond the realm of ordinary citizens (DARPA and NASA simply rain these things) like the internet and GPS have been worth the money. At the moment, the rail gun the Navy is so in love with has huge implications not just for blowing stuff up but for capacitors and batteries. The projectile will help advance shock-proof electronics for everybody. Generally, anything in materials science, chemistry, robotics, or computing which NASA or DARPA get involved with has a good chance of eventually benefiting the public and I think those two agencies have earned the benefit of the doubt. Better tank armor, OTOH, is probably best viewed as a purely Defense application, so I'm not saying write the Pentagon a blank check for everything.
Somewhat less violently, our roads are falling apart and we need to evaluate how we fix that. We can't just ignore the stretch of I-75 between Detroit and Toledo, but it's clearly both too wide and too broken-down for the traffic it faces now. Infrastructure spending both needs to expand and it needs to be spent better.
Labor laws are a patchwork disaster. Either the employee has the right to avoid unions or he doesn't; either employers have the right to "at will" employment or they don't; and this is one area where federalism has clearly stopped being a laboratory and is now just a mess. It's past time to take what we learned from 50 individual experiments and put the best into a national policy.
As Deborah has quite properly noted, the demands we place on our military are out of all proportion to its budget. I'd actually reduce demands to what the current budget will meet, and then give them enough of a budget increase to make sure the traditional American "treasure for blood" trade can be met as we are simply not emotionally equipped for real casualties at this point. That increase with a tech focus should continue to provide new tech for the private sector. Also, carriers are quickly becoming obsolete, so let's make a virtue of necessity and save bunches of money phasing them out instead of building and crewing more. And don't get me started on the F-35.
The tax code needs to be simplified and the tax base expanded. The tax preparation lobby needs to be told to go perform anatomically impossible acts of self-gratification and a married couple with two jobs should not need to spend more than 15 minutes doing their taxes, nor should a company waste hundreds of hours complying with federal tax law. Tax churches just like every other business. While we're figuring out how to deal with all the illegal aliens we have (its own problem) we need to figure out how to make them pay their fair tax burden just like everybody else. Is that a higher sales tax? A tax on money sent out of the country? I'm not sure and it requires a lot of crunching of numbers I don't have.
A national educational standard forbidding creationism would be nice. STEM fields need all the help they can get generally.
This could go on a while Honestly, it's large and all-encompassing. But ultimately, as the man said, "The business of America is business."