Simple. But you have to cleanup the mess first.
In other words, throw out all that is mismanaged, inefficient and abused and replace it with an infrastructure fine-tuned to iterate to optimize growth and innovation.
This means making changes to government, workforce and taxation.
Here's my (incomplete) list:
- Pass a constitutional amendment that requires our
government to operate under a balanced budget
- Establish a maximum cost of government as a percent of
GDP (or some other metric) in order to prevent a grab
for more tax revenue to expand government and the
pervasive always-spend-more culture
- Reduce government to a bare minimum
- Completely phase out all entitlement programs
- Institute new --smaller-- programs to help those who
really need them.
- All businesses contribute a small percentage of gross
to this program (1%?). The idea is to setup a system
where government will have reason to work towards
improving business activity in order to fund programs.
Today they reach for optimizing tax revenues as
opposed to optimizing economic activity which is far
more important.
- Make unions illegal for government workers.
It's a huge conflict of interest: Government workers
benefit from laws and the workings of government and
form a unified voting block that is self-serving.
- No lifetime pensions for anyone working in government.
I'd go as far as making them illegal for anyone, period.
There is no sensible mathematical formula that supports
the idea of lifetime pensions. A person and their family
ought to be responsible for their own retirement without
becoming a burden for the rest of society for generations
to come.
These are business killers.
- Fire everyone at the patent office
- Create a new patent and trademark system who's priority
is to optimize to maximize innovation while
providing reasonable protections for work that requires
massive R&D
- Flat and low taxes
- No deductions for anyone
- Businesses pay zero taxes
- Businesses contribute 5% of their gross to a national
R&D fund
- The fund is NOT accessible to anyone in government
- The fund is administered by a team of CEO's from various
industries. There could be other layers too. The main
point is: No government claws can reach this fund.
- The fund's goal is to provide financial support, legal
and operational guidance to entrepreneurs. Call it a
mega-incubator