Wednesday, May 13, 2020

The Democrats try to kill the economy, while Trump tries to save it

Andrea Widburg



. . . "Here are a few simple suggestions for getting the economy back fast:
"End all lockdowns now that we've achieved the initially stated goal of flattening the curve.
"Abolish most state and federal regulations.
"Stop most occupational licensing, except for jobs where consumers are incapable of doing market research.  Consumers can figure out if a flower-arranger or hair-braider is good and they won't be hurt if he's not.  It's different when it comes to jobs most consumers lack the data to understand (e.g., brain surgeons or structural engineers).
"Temporarily stop payroll taxes and social security taxes.
"Cut taxes, especially corporate taxes, which are, in any event, always passed on to consumers as costs.
"Make unemployment benefits a bit less appealing.  We don't have to echo the Victorian-era poor houses, which were hellish places to discourage sloth, but there is a happy medium between keeping people from sinking and enticing them away from work." . . .

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