Topic: My economic plan
1. Lower taxes on everyone: low income, high income, business, investors, and everyone else.
2. lower/ cut spending on all non essentials. I believe essentials to be military, fed agencies such as the FBI, operating costs for congress and the white house, and with the state of the economy, I would currently include unemployment.
3. Encourage foreign and domestic companies to produce goods in the US by lowering the minimum wage back to 2007 levels, and by using tax incentives and tariffs effectively.
4. Let weak companies fail. The world won't end, and it won't cause nearly as much harm as everyone thinks.
5. Encourage the growth of new companies through various means. (i am open to ideas on how to accomplish this)
Discuss.