My childhood friend Paul Ryan is again shaking up Washington with conservative answers to economic reforms. The video above is quite good. Pass it on to your friends.
Something he tags as “crony capitalism” resonates with me. Ryan argues that Washington has the uncanny habit of picking and choosing industries rather than letting free markets drive them. Politicians decide what businesses are “too big to fail” (i.e. which do we financially save from going broke). They also decide which industries are worth forcing success (like wind mill farms that generate little energy but are, in politician’s minds, the “future”).
Wendy and I know exactly what he’s talking about. Our family business trains speakers and debaters in how to “think, speak and persuade.” Washington doesn’t care about underwriting such nonsense. Mention God and you’re stripped of any financial advantage the government would grant you.
In other words, government has grown to become the ultimate king. It knights that which it deems worthy to succeeded, and it strips the free of their ability to create and serve. This isn’t freedom. Crony capitalism is thuggery, and it will continue to ruin America’s ingenuity and greatness.
Ryan makes a ton of sense. Here are some key points that Ryan makes in the interview. I put retweet buttons on each of them:
- Lower our tax rate for businesses and individuals to 25%. [tweet]
- Our tax code is so complicated, it is one reason we are failing. [tweet]
- Crony capitalism: we pick winners and losers in Washington. [tweet]
- If we want a prosperous economy, we need a good tax policy. [tweet]
- Uncertainty is plaguing business. Job creators need certainty. [tweet]
- Loopholes exist to favor someone. Tax rates are so unfair because of it. [tweet]
- Congress passes complicated tax laws, it’s difficult to navigate. [tweet]
- Current tax code puts up barrier to entry for innovation. [tweet]
- Burn the tax code and start over. “I’ll bring the s’mores” – Ryan. [tweet]
- Tax code should remove barriers to encourage businesses to take risks. [tweet]