Speaking in practical terms for a moment, let’s examine this list not from a “what should be done” perspective, but “How it should be done” point of view, which is much more practical.
1.) Take Galt’s advice and “...start by abolishing all income taxes.”
The big problem here goes all the way back to the founding of the republic, which is “How do we fund the US government?” The constitution forbids the national government from taxing the states. But this question must be answered before the income tax can be abolished.
2.) Stop devaluing the U.S. dollar.
There just isn’t enough gold to back our currency with gold. So one proposal is called “extended mercantilism”, in which our currency is backed by all fungible, non-perishable commodities. This would mean the USG would back the dollar with our national strategic reserves to include all metals that we mine, oil, coal, wood and paper products, etc. Services, information products, etc. would not be included, because they are subjective in value.
3.) Never believe force will inspire entrepreneurs to innovate.
This is not entirely true. While force will kill technological development, the Soviets discovered that it changes research priorities to pure science.
4.) Let entrepreneurs produce.
There must be some regulation, as there are some entrepreneurs who are not of good character, whose products can harm the public. But this level of regulation should not need to be too intrusive, and must have strict limits.
5.) Live the philosophy of thinkers...
Nope. The ideal American philosophy is to be left alone. We have a government and police and military to do full time what we don’t want to do.
6.) Eliminate all anti-business rules.
This is pretty redundant with #4 above.
The Federal government got along just fine for 140 years with no income taxes, and income taxes only account for 41% of federal revenues. They now take in over $2.2 Trillion (59% of Obama's $3.8 T budget) annually from other sources. "Way back" in 2003, $2.2 Trillion was enough for the entire budget. All we need to do is cut back to the budget numbers from 2003 (when we were doing just fine), and we can eliminate ALL Federal income taxes. Just sayin'.