Free Markets, Free Trade and Private Charity under Capitalism is the best!
As I have repeatedly indicated in vastly amateur wording in the past, and in generally professional wording nowadays, I am a libertarian Independent and neither a conservative Republican nor a progressive Democrat.
I refuse to totally agree with either party on anything. But I mostly agree with the Democratic Party Platform on Civil Rights, Environment, Immigration Reform, Science And Technology, and Voting Rights. And I mostly share the Republican Party stances on Budget and Spending, Economy, Education Reform, Liberty, Government Accountability, Health Care, National Defense, and Foreign Relations.
But we are going to focus on what I observe about economy, specifically the economic freedom aspect and how its needed for prosperity.
Since the kind of libertarian I am, ‘neolibertarian’, is a form of fiscal libertarian; I might as well elaborate on what fiscally libertarian means.
Being fiscally libertarian means to me advocating free trade, low taxes and vastly minimal merchant regulation. And I am going to explain how free trade, low taxes and minimal regulation benefit the poor and middle class (job growth).
Free trade basically means there are no import taxes or export taxes, and there are few if any restrictions on how small business and individual merchants can cater to foreign customers.
We the American People are only 5% of the world’s population. And thanks to the internet 95% of the customers millennials like me can cater to are citizens of foreign countries.
The result is free trade, also meaning no treaties including nothing like Trans Pacific Partnership, becomes a mandate for us millennials to prosper to our fullest potential.
Protectionist treaties like the TPP lead to poverty, unemployment, and in the long run famine, this be a fact of life.
It’s not just logical to take a minimalist approach not only to what percent of a private entity’s revenue to charge for taxes. Additionally it’s economical to be uniquely minimalist about what kinds of taxes to charge. What do I mean uniquely minimalist?
Take the American state New Hampshire for sample. They legit only charge two kinds of taxes, a 5% Dividend tax and a 2.05% property tax. They have no tax on labor, or on commerce. I live in Connecticut myself, but I notice these policies granting NH more jobs and less poverty than as is here in CT. They are 14th in job growth and we are 17th.
Minimal Merchant Regulation
Yes, believe it or not, capitalism is all about the individual! It means the economy is set for necessities for economics (like websites) for ownership by private charities, small businesses and individual merchants and not government.
That’s why it’s important to keep private sector regulation at the lowest levels mandatory for basic human rights. Giant regulatory burdens made for nannying individuals to the most ‘no-one-cares’ of details leads to famine in the long run. This is neither trolling nor bullying it is simply a fact of humanity.
Cato Institute does “Freedom in the 50 States“, so I’ll do a different state-to-state contrast. In Idaho, there is the lightest weight regulatory burden of 50 state level burdens, while New York has the heaviest. Predictably, this means Idaho sits on New York in the ranks of job growth I linked to contrasting CT with NH.
There’s my case for capitalism, readers! Thanks for the read,