Wealth could be generated in the USA by using our natural resources and adding value through processing the resource into a finished product.
The left has pretty much put the harvest of any natural resources off limits and killed most of the ability to add value with manufacturing. EPA, OSHA, and more alphabet names that I can recall stand ready to harass and harangue the entrepreneur. In addition we have the highest corporate tax rate of all of our trading partners except Japan.
So, what do you do now?
The industries lost in the last 20 years were lost because of dumping...garment, electronics,steel, auto etc. I agree regulation needs to be overhauled...We can and must do this if we are to restore American prosperity...as for taxes...large business do not pay the full rate...they have many deductions. Small business gets hurt with higher taxes and something needs to be done about that.Small business is very important but it will never be able to carry the economy on its own...bring back manufacturing. It will be provide a prosperity for our children and our grandchildren.