Slashdot Mirror


Ron Paul Suggests Axing 5 U.S. Federal Departments (and Budgets)

sciencehabit writes with this selection from Science: "Presidential hopeful Ron Paul's new proposal to slash federal spending would wipe out large chunks of the government's research portfolio. The congressman from Texas and Republican candidate has unveiled a budget plan to reduce the deficit that would eliminate five federal departments: Energy, Commerce, Interior, Education, and Housing and Urban Development. In one fell swoop, such a step would erase, among other programs, the Energy Department's $5-billion Office of Science, the $4.5-billion National Oceanic and Atmospheric Administration, the $750-million National Institute of Standards and Technology, and the $1.1-billion U.S. Geological Survey."

4 of 2,247 comments (clear)

  1. Re:In other words, we should give up. by MightyYar · · Score: 4, Interesting

    From your own link:

    Originally, corporations were solely able to be established through an act of the state, for example through royal charter or an act of Parliament.

    It was only in the mid nineteenth century, the first being through the Joint Stock Companies Act 1856 in the United Kingdom, that private individuals could through a simple registration procedure be considered to have established a corporation with limited liability.

    How in the world are corporations not a creation of government?

    --
    W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
  2. Re:In other words, we should give up. by DragonWriter · · Score: 4, Interesting

    Corporations don't need a government to create them, but they are now legally formed within a legal framework.
    http://en.wikipedia.org/wiki/History_of_corporations

    Actually, your link makes it clear that corporations are creatures of government, specifically, that their defining characteristic is the fact that they are recognized by government through law as having distinct legal personality.

    Corporations provide the means to produce goods and services.

    No, they don't. Corporations are a legal structure created by government which provide special benefits (particularly, in the modern form, limits on liability) to their investors to encourage investment. Some investors make use of the availability of those incentives to use the corporate form to organize business that provide goods and services, others use them to set up tax dodges that serve their own interests without providing goods and services to others.

    To the extent that there is a benefir from the existence of corporations (or other government-created business forms like the Limited Liability Company or Limited Liability Partnership) these benefits are ultimately benefits of government.

  3. Re:I like his IRS plan! by mspohr · · Score: 5, Interesting
    There was no semiconductor and computer system market until the defense department made one by financing research and buying the output. Ever heard of Fairchild semiconductor? They are one of the foundations of the the semiconductor industry and held most of the early patents on semiconductors. They wouldn't have existed without government paying for the research and buying their early products. HP, Apple and the rest came later.

    You can keep dreaming your fantasy that Rockefeller was a altruistic philanthropist if you want but you really should do some actual reading on the subject.

    Like all corporations, the automobile companies lobbied government at all levels to build infrastructure that was too expensive for them to build but which would make their products more desirable to purchase. That's the way the system works. Without government investment, their business would be quite different. Perhaps they would have invested more in floating cars that could cross rivers without bridges.

    --
    I don't read your sig. Why are you reading mine?
  4. Re:So? by BetterSense · · Score: 4, Interesting

    It does provide the United States with a candidate (however unelectable, and I do plan to vote for him, and I have voted for him), who has an actual plan. His plan cuts spending, leaves most entitlements in place, and increases government revenue. Those are the only ways to dig us out of our hole. In a world where "electable" politicians squabble endlessly over cutting miniscule spending, at least somebody has a reasonable (IMO--drastic is reasonable in desperate times) plan.