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How To Create More Jobs
TechDirt is spotlighting a call by Michael S. Malone, a columnist for ABCNews.com, for letting Silicon Valley create jobs once more. Malone argues that Sarbanes-Oxley and other attempts at accounting reform have done little to prevent fraud, but in fact have managed to kill off an entrepreneurship-venture capital-IPO cycle, centered in Silicon Valley, that has taken 30 years to nourish. Here's TechDirt: "...it's time to roll back SarbOx and other accounting rules that have acted more for theatrical purposes rather than any legitimate reason. Basically, all they've done is create new reporting requirements that do little to nothing to either prevent fraud or clarify a company's actual financial position (its intended purpose). I'm all for radical transparency in financial info, but that's not what has been done. Instead, we've made it burdensome to actually grow a company — and that doesn't help create jobs. It helps kill them."
Why we need more Jobs? I think one instance is enough.
There should be a unified Single tax. This way there would be a lot less paperwork to do. That tax should be a Money transfer Tax, for example 15% when you get paid, buy something, transfer money. etc. It would also promote saving which is quite good at this moment in time.
One sure way that would work is to mandate that all products sold in the USA have a particular percentage of American Content; and this does not refer to simple "value added" per se.
What I am talking about is the gross importation of finished, ready-to-use goods like automobiles and other big ticket items. If this mandate were in place, there would be thousands of jobs created across this great land.
There was talk that Boeing's 787 Dreamliner is more than 67% "foreign!" This is unacceptable. There was a report that if the liner were just 70% American made, this would create 27,000 jobs.
Can we even count the jobs that have gone to Mexico and Canada? GM's Silverado and Suburban are all made in Mexico. Those jobs would be right here.
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[citation needed]
"capital is no longer necessary to start companies"
That's right. Food is now free. Power and equipment is free. Rent has been abolished. Accountants are free.
Repeat after meee, everything is freee in the new economeee.
To take your skyscraper analogy, we are saying that, while the building is collapsing, that maybe we should have less regulation on the refractive index of window glass, and maybe a bit more on the quality of steel used in the girders. Regulation isn't a yes or no question (unless you're jcr, in which case it's evil and wrong and a conspiracy by the government to destroy a libertarian utopia). It is a question of where and how much. All regulation has both positive and negative effects. In some cases, one clearly outweighs the other, but not in all. Deciding what to regulate, how, and how much to regulate it, is a very difficult problem.
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