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Milton Friedman
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<blockquote data-quote="Gemini" data-source="post: 443514" data-attributes="member: 4085"><p>This is a great video. It makes so much sense to me. Government should be the great arbitrator and upholder of laws, and it shouldn't takes sides with industries and big business.</p><p></p><p>Lobbying should be made illegal. How is it different from third-world bribery on a massive scale? We shouldn't have corporations (or individuals) buying influence over regulations that change the economic playing field. I know Canada has some laws limiting lobbying and influence (and of course straight up bribery) but it seems out of control in the U.S. </p><p></p><p></p><p>To sum it up, my views on the role of government in the economy are:</p><p></p><p>- Free-markets and economic freedoms, albeit regulated for the common good by the government.</p><p></p><p>- Regulation is necessary, but it should make sense, be based on science and be free of business influence. It should focus on externalities (not polluting the environment for example), safety, health and public goods and interests (aviation safety, the FAA for example)</p><p></p><p>- No lobbying of any kind, no tariffs, no special tax breaks for industries, no government support for businesses of any kind.</p><p></p><p>- Simple tax rules without any loop-holes. Maybe even a flat tax and a simple VAT consumption tax.</p><p></p><p>- Government should focus on: education (higher-education should be subsidized or made available to all that are willing to study), infrastructure (public works that better everyone's life and increase efficiency), scientific research, and other special projects as voted for in elections and referendums. (And of course public safety, national security and upholding the law.)</p><p></p><p>- Speaking of which, we ought to have more direct democracy. There is no reason why with current technology (internet, e-voting) and the dissemination of information we cannot have binding referendums on a variety of important issues.</p><p></p><p>...</p></blockquote><p></p>
[QUOTE="Gemini, post: 443514, member: 4085"] This is a great video. It makes so much sense to me. Government should be the great arbitrator and upholder of laws, and it shouldn't takes sides with industries and big business. Lobbying should be made illegal. How is it different from third-world bribery on a massive scale? We shouldn't have corporations (or individuals) buying influence over regulations that change the economic playing field. I know Canada has some laws limiting lobbying and influence (and of course straight up bribery) but it seems out of control in the U.S. To sum it up, my views on the role of government in the economy are: - Free-markets and economic freedoms, albeit regulated for the common good by the government. - Regulation is necessary, but it should make sense, be based on science and be free of business influence. It should focus on externalities (not polluting the environment for example), safety, health and public goods and interests (aviation safety, the FAA for example) - No lobbying of any kind, no tariffs, no special tax breaks for industries, no government support for businesses of any kind. - Simple tax rules without any loop-holes. Maybe even a flat tax and a simple VAT consumption tax. - Government should focus on: education (higher-education should be subsidized or made available to all that are willing to study), infrastructure (public works that better everyone's life and increase efficiency), scientific research, and other special projects as voted for in elections and referendums. (And of course public safety, national security and upholding the law.) - Speaking of which, we ought to have more direct democracy. There is no reason why with current technology (internet, e-voting) and the dissemination of information we cannot have binding referendums on a variety of important issues. ... [/QUOTE]
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