[tahiti]

Unfortunately, I took the time to read this article.

The article is filled with inconsistencies and contradictions.

Noting the author is from New Hampshire, kind of explains why there are inconsistencies and contradictions.

The author, on one hand, sounds like a Maoist, then on the other hand, a disciple of Adam Smith when speaking about collectivsm versus individualism.

Then, one hand, the author advocates small, limited government, then again, advocates government action as the solution to his preceived problem.

For example:

"Federal and State governments must grow significantly smaller as a combined percentage of the Nations GDP to allow a greater percentage of the GDP to be subject to distribution via the mechanism of free enterprise that is the most efficient means of broadening the distribution of earnings..." (Adam Smithism)

"The No Child Left Behind Legislation is a start; however, the Country needs a radical effort to define the specifics of a relevant education consistent with National Economic Policy..."(Maoism)

[WOSG]

A lot of interesting ideas/thoughts ... bump for further reading.

I was making the point last night to friends that in america we have a trade deficit because of our taxs structure.

Economic activity migrates to where it is untaxed and unregulated. The power to tax is the power to destroy. So, if you notice that Chinese goods are made, exported (and like all mechantilist countries like China and EU, exports get tax rebates), then sent here to US, then bought, there is little or no Federal tax bite. Something *produced* here gets a payroll/income/ corporate income tax bit of 20-30%.
This tax structure causes a shift from production to consumption.

With such incentives built in, it is no wonder we have a trade deficit.