Wednesday, January 16, 2013

How to Grow Businesses in U.S.

I looked at this article in Time Magazine the first time and thought, "Yes. This is true but I have some concerns regarding our U.S. Nationalism regarding these types of ideas and I also have some ecological concerns regarding some of these ideas. However, since we also need jobs for at least 12 million people right now in the U.S. I thought maybe I should share them here to help them too.

Begin quote from  Page 17 of the Feb. 21st 2013 Time magazine from an article called:
How To Grow.

1. Get Productivity Going
The McKinsey Global institute estimates that individual firms could deliver 3/4 of the productivity-growth acceleration we need to return to a 3% Growh economy by taking steps like adjusting employees schedules to better match Consumer retail habits or leveraging data from sources like wireless sensors placed on products or electronic records to detect waste and make supply chains more efficient.

2.Unleash Shale Gas and Oil

The boom in unconventional oil and gas has already created 1.7 million jobs--and 62 billion dollars in new tax revenue for Federal and local Taxes in the U.S.

3. Show us the foreign money

If we make the current black and white rules on foreign investment more nuanced. That might allow, say, a Chinese firm to invest in High Speed rail--and enjoy profits--without having any operating power of the rail company.

4. Get Real on Tax Reform

More corporate loopholes can and should be closed. Buffett notes that 40 years ago, the corporate tax contribution of 4% of GDP was far higher than today's 1.5% and growth was stronger.

5. Connect the Economic Dots

(There should be) a national talent map that would tell us where the largest hubs are of college graduates in IT or Physics or Nursing.

end quote from page 17 of Time Magazine. I added a few words here and there to make it make more sense because some of the quotes were partial sentences.

Though I see the usefulness of at least part of every idea here I also see the pitfalls of most of these ideas too, because we live in a real world not a theoretical one and balances that are both good for business, good for the people wanting to work, and good for our system of government are really hard to balance out. However, without less regulation and more freedom to create both businesses and capital our nations heyday is over anyway. So, choose carefully.


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