Handling the Economy of the United States

How to Improve U.S. Economy

us economyThe awakening of the voters has produced newfound knowledge concerning the economy.  We have learned it is not the role of constitutional government to create jobs and micro-manage the economy.

In our Free Market Capitalist system, government needs to get out of the way and allow business to succeed and fail on their own merit.

We simply cannot afford to spend tomorrows income in order to “produce jobs” today.  This robbing of Peter to pay Paul economic plan is a recipe for disaster.  Our local governments and General Assembly have demonstrated their understanding of how tax incentives create interest in companies moving to a specific County or into our State.  One problem with the current system of selective tax incentives is, a small group of elected people get to choose who gets these sweetheart tax deals and who doesn’t.  This is a Petri Dish for corruption and

One problem with the current system of selective tax incentives is, a small group of elected people get to choose who gets these sweetheart tax deals and who doesn’t.  This is a Petri Dish for corruption and gamming the system.  Existing businesses and the taxpayers have to make up the lost taxes that are given to selected businesses and corporations.

Existing businesses and the taxpayers have to make up the lost taxes that are given to selected businesses and corporations.

One problem with the current system of selective tax incentives is, a small group of elected people get to choose who gets these sweetheart tax deals and who doesn’t.  This is a Petri Dish for corruption and gamming the system.  Existing businesses and the taxpayers have to make up the lost taxes that are given to selected businesses and corporations.

This is a Petri Dish for corruption and gamming the system.  Existing businesses and the taxpayers have to make up the lost taxes that are given to selected businesses and corporations.

Since County Councils throughout our State and the General Assembly understand the connection between taxes and businesses, it would make sense to lower all taxes equally for all businesses in our Counties and State.  They

They would, however, have to give up their power and influence in the Free Market system and risk losing support from special interests such as Chambers of Commerce.  Once again, our Councilmen and Legislators must draw a line in the sand and decide who they want to represent

It only makes sense that a business looking for a place to locate, and observes South Carolina as a stable, low tax, non-government-interference State, would choose us rather than a State that constantly plays games with business taxes and special interest groups.

The great myth about corporate taxes is being exposed.  Corporations do not pay any tax; they simply collect tax for the government and pass it down as higher costs to the consumers.  Individuals pay all taxes and they are too high.