That’s the question: how do we create more jobs? When a politician asks it, the question becomes, “How do we create more good middle class jobs?”
That’s the wrong question. We want to ask instead, “How can we help people make money?” The answer to that question is simple. Get out of the way. How do you get out of the way? That’s simple, too:
- Get rid of the permission based economy, where business people must seek approval for the things they want to do.
- Get rid of all taxes on businesses – that is correct, all imposts on business profits.
- Get rid of all regulatory and publicly imposed administrative burdens on businesses, no matter the source.
In sum, get rid of any law, requirement, tax, rule, or anything else that creates difficulty for businesses or business persons who want to make money.
The riddle is not how to create jobs. The project is plainly to help people make money. When people can make money, they will have plenty of work to do.
When you consider the things we must do to remove obstacles to making money, you see why we will never do those things. We will not even begin. Practically no one wants government to step out of the way, to remove all obstacles to money-making activity.
That is why the discussion about creating middle class jobs has become pointless.