finance

Video: Steve Forbes on economic recovery

 

 

The immediate barrier is the weak dollar. We've never had a sustained recovery when the dollar has been weak ... so make it strong and stable. I think in the next five years, the dollar will be, for the first time, since the early 1970's, retied to gold. Other couple of big things is simplify the tax code. Something like the flat tax so people can spend their time doing positive things, ah with a low rate. Instead of this horrible mess we have with the code today. 10 million words of gibberish. Another major thing is get real free enterprise in health care. Health care is now like a pretzel on steroids and I think if we get more free enterprise nationwide shopping for health insurance, equal tax treatment between individuals and companies. Tort reform and the like, we'll get positive return on health care. And finally, and very immediately what they can do is stop binge spending. Families have done it, businesses have gotten their balance sheets in order ... it's time Uncle Sam did the same thing. Instead of talking about obesity, how about government obesity.

 

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