Who knows what kind of businesses are doing well during this economic crisis?

What kind of economic thinking is this...?

  • So basically, I think our taxes should be used to help the homeless, poor, ect. (unless they're abusing the system). Of course they should also be used for stuff like FEMA. I think that people should be able to start businesses with as little govt. regulation as possible. The economy should be none of the govt's business, and there should be no taxes required on a certian product, and no tarrifs. Basically, leave busnisses alone. And no bailouts for the big busnisses. I think a balanced budget is a must, and the country should be earning 1% more money than they spend so they can use it to get out of debt or during a crisis, like a war or giant earthquake. The government shouldn't tell you what your job should be, or how much you can get paid for most ocasions. But I think minimum wage and maximim working hours are important. I also think that everyone should be taxed a fixed percentage of their income, but we should have some kind of tax to keep people from being jobless on purpose and paying no taxes. Basically, it shouldn't be better to be unemployed than employed, if you know what I mean. I like non-intervention and neutral policies. Government shouldn't be as small as Ron Paul wants, but should be small enough so it gets the job done without beurocratic inefficencies. If the country is failing economically, and there's a recession or depression, then we need a stimulus, but that should be avoided. Any kind of political party or economic ideology you want to put me in is fine, Swedish, American, or universal. Thanks!

  • Answer:

    This kind sums up my views, as well. This seems like a classical liberal view on the economy. It is also called laissez-faire (French for let it be / leave it alone, referring to leaving the market alone). From Wikipedia: "Classical liberalism is the philosophy committed to the ideal of limited government, constitutionalism, rule of law, due process, and liberty of individuals including freedom of religion, speech, press, assembly, and free markets." In modern classical liberalism helping the homeless, poor, etc. in the manner you described is also a central point. The emphasis is rather on the fact that transfer payments should not be given to anyone who's not poor. This is opposed to for instance the social democratic view that says that some transfer payments should be universal and independent of income like every student should get financial aid or every family should get child benefits. It's hard to find a good political party that fits these ideas, but for instance Hong Kong or Singapore are countries that are frequently quoted as prime examples of classical liberalism. Of course, your ideal party may also differ depending on your views on social issues. Again Wikipedia, now on Singapore: "The Singaporean economy is known as one of the freest, most innovative, most competitive, most business friendly and least corrupt in the world. The 2011 Index of Economic Freedom ranks Singapore as the freest economy in the world behind only Hong Kong."

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Nicole, that is called socialism. There are a few socialist countries around the world you might consider moving to. This is a Republic. Our Constitution says nothing about it being a socialist state.

Frank Denver

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