>How to get out out of the coming recesion?
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>One of the main strengths of the US is its dynamic business environment which responds quickly to opportunities by organizing new efforts and enterprises, so I suggest throwing it a challenge, namely reducing the US and the world's dependence on oil as national policy. That challenge can provide an engine of growth that also solves a real long term problem.
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>I think the way to do it is to announce a petroleum tax to be phased in over a period of a few years. The tax has to be substantial enough to catch people's attention and mobilize efforts and gradual enough not to shock the system. Its purpose is to reduce a huge Government deficit that will bring many problems down the road while preventing the reduced price of oil that we are already witnessing from undermining the petroleum independence program. I think a petroleum tax focuses attention on solving the problem better that incentives which only lead to infighting and corruption by special interests.
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>Let the US creative economy figure out how to achieve the goal: conservation, biofuels, nuclear, solar, all kinds of technology, etc.
Yes let's tax this creative economy and see how it is going; and if it is still going let's increase the tax a bit more. What? It is still going? Add more again. Ok, died? Now who said that it is creative? Who gave us this dead economy!?
Edward Pikman
Independent Consultant