President Biden's on jobs, wages, infrastructure, and other issues as they relate to the national economy. He discussed DARPA and its benefits in developing new technologies for national strength. We will likely as a country need to focus more on STEM and tech organizations (and clusters of organizations with different strengths/products but share aspects of development. See Developing New Industries) DARPA type projects that will push us in an upward direction using our natural American ability to thrive, strive, and overcome the challenges that are laid out before through better utilizing our best and brightest (...in all demographics of our society). All political systems must strive and adapt or slowly lose their relevance (I'm not sure the constant storming stage in our leadership teams are doing us much good right now. We might need to renorm around central principles we all agree upon.)
A brief discussion on a proposed tax structure was offered. Finding the right/calibrated tax structure maximizes innovation, human capital, financial growth, supply networks, etc... will help create maximum tax revenue matched with pointed infrastructure investments that leads to more net positive tax revenue....cycle continues and becomes self-adjusting in theory. I'm not sure any country has yet found a tax structure that meets the needs of an emerging economic platform based highly in technological innovation (I think I confused myself 🤷). Finding ways to increase tax revenue, increase business start-ups/investments, and increased jobs/wage are three metric markers readers might want to keep an eye on.(See Exploring Intellectual-Infrastructure Tax Concept.
We shouldn't forget that we also need to strength small business development for future innovation among a diverse group of motivated young entrepreneurs just waiting for a chance to compete! Large companies eat up these small companies and some small companies today might by the Ford's, IBM, etc.. of tomorrow. It must renew itself all the time like a flowing system of new business, big businesses, dying businesses, etc....
Entrepreneurship can also raise the status of struggling families and create a sense of pride and skills by finding finance/investment/crowdfunding in emerging industries where future opportunities lay. (Trust me poverty is a big hole that is very hard to climb out of from a financial and perspective/conditioned way.) We might not currently have an environment where one can truly say a person's place is life is dependent on effort and performance alone (Confounding variables). Our investors might want to create investment structures/vehicles for small business in emerging markets/industries and/or development clusters to stay ahead of the game (Got to get juice from somewhere). Better to invest in places that carry essential American values than to invest in markets that see American corporations as means to an end (i.e. until they are a net detractor for their businesses/economy). (Disclosure: At this point In my life I'm a little turned off by politics so I'm looking at things from a little more objective standpoint. There is a difference between the art of influence 👍and the art of mutual destruction.🙅🚫).
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