We are all used to paying a sales tax when we buy things – almost 9 percent here in New York City. The application of this concept to the financial sector could solve our need for revenue, bring some sanity back into the financial sector, and give us a way to raise the revenue we need to run the government in a fiscally responsible way.
In a clean break from the Obama years, and frankly from the years before this president, we will keep federal spending at 20 percent of GDP, or less. That is enough. The choice is whether to put hard limits on economic growth, or hard limits on the size of government, and we choose to limit government.
If you seek Hamilton’s monument, look around. You are living in it. We honor Jefferson, but live in Hamilton’s country, a mighty industrial nation with a strong central government.
The government, for example, has determined that black people (somehow) have fewer abilities than white people, and, so, must be given certain preferences. Anyone acquainted with both black and white people knows this assessment is not only absurd but monstrous. And yet it is the law.
After-school tutoring programs, care for the elderly, shelters for the homeless, disaster relief work, and a variety of other services would all benefit from government funding.