Thursday, May 27, 2021

Biden's Discussion on the Economy (05-27-2021). Bottom Up Economy?

 President Biden's budget isn't up yet HERE. but you can get some idea of what he wants to put into his budget. He mentions building the economy bottom up.  As a Republican I don't fundamentally disagree with building an economy from the bottom up (nothing in my personal ideology disagrees with that concept). There are different ways to build the economy and often there are different strategies that play out in the political field but I would imagine that everyone could agree that whatever strategy is likely to work is one that we should explore (bottom up, top down, a little of both, none, etc...) I think its important to find a way to attract manufacturing and resources to improve high paying jobs. That will also require changes in our tax structure and changes in higher education to meet those demands. I'm thinking about Headquarter Taxes and how to draw in additional resources and their suppliers to help increase return on infrastructure investments. You can read about it Exploring the Idea Of Lower HQ Taxes and Its Potential Impact on Supplier Networks   Also I'm sort of playing with an idea of an innovation system for foreign direct investment in the aerospace, military, outdoor gear fields through economic transactional clusters

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