Goal: A charter city where people can come in search of opportunity, with rules made, changed, and enforced so as to ensure economic prosperity
Managment of Resources
Land is present from the beginning, and would have to be alloted so as to allow a free market to exercise itself, the easiest way being to auction it off in lots, with minimal rules:
- Initially, at least 4 entities must split the available land.
- If any one entity controls 80% or more of the land, it must split within a year.
Management of Labor
No law shall be made to the benefit or detriment of any individual in obtaining employment. All applicants must be judged according to merit and experience, eliminating 'equal opportunity' laws that allow race, religion, and national origin to take precedent over applicable skills an applicant may have.
Further deregulation would occur in the abolishing of minimum wage, allowing workers to work at their worth, and allowing smaller companies to spring up without as high a wage overhead as minimum wage laws would require.
Management of Capital
Wealth may be brought into the city, and taken out without taxes being levied. This would benefit businesses moving in, and allow them to expand without being taxed. This benefit would trickle down to government funds through wage (income) taxes.
Income would also be taxed on a flat level, instead of punishing the rich by taxing them more as it currently does. This would remove the proverbial stick behind getting rich, and allow those who create and maintain wealth to prosper without punishment.
In essence, this lack of regulation would help to isolate people from the government, to act in self interest, and to create and distribute wealth.
Well organized paper. Clear explanations of your three principles. However you did not refer to the readings or in class discussion.
ReplyDeleteIt was a ok Blog you need more things from the class and the reading. There were good points made but you did not back them up with things from class.
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