From John Cochrane.
JC is on target.
KH’s plans will make things worse, not better. KH and her ilk fail to address tradeoffs and ignore basic microeconomics.
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Opportunity and lower costs
Lower costs
Remove all antitrust exemptions, including for unions, insurance companies, and other price-fixers. Enforce antitrust against colleges and other routine violators.
Remove all coverage requirements for health insurance.
Eliminate corporate taxes. Tax people when they spend corporate profits.
Prioritize economic immigration. If you want to come to the US, have a clean record, $10,000 in the bank, foreswear social services for a few years, come on in.
Eliminate tariffs, buy American requirements, and other import protections
Eliminate minimum wages.
Eliminate mandates for paid leave, health insurance, time off; eliminate hours, straight time vs. overtime laws, employee vs. contractor laws, minimum wages, comparable worth, and any other restriction on the right of workers and employers to contract. Employers will hire more people if they can more easily fire them too. (This is also an “opportunity” move.)
National right to work. You’re free to join a union, but the union may not force all workers at a plant or company to join.
Eliminate “prevailing wage,” minority contracting, Davis-Bacon, and other cost-increasers for federal contracts.
Eliminate restrictive zoning and building codes. Build what you want on your property. (Subsidies for home buyers without expanded supply just drive prices up more. Government built housing just substitutes for cheaper privately built housing.)
Shot clock on all federal regulatory actions. One year from filing, if you haven’t heard your project is approved. Priorities include nuclear power, drug regulation, real estate development and redevelopment, and energy infrastructure.
Remove all “energy efficiency” mandates, starting with auto fuel economy standards. Bring back washing machines and dishwashers that wash.
End the “whole of government” war on fossil fuels, especially natural gas. We forbid pipelines and US exports, and then tell the Ukrainians not to bomb Russian fossil fuel facilities in order to keep supply up and prices down? If you must, impose a uniform carbon tax and no other energy regulation. If it’s true that renewables are now so cheap, you won’t have to.
Voucherize all health care and insurance subsidies, and let the free market rip to provide cheaper and better care.
Opportunity (in addition to the above)
Universal school vouchers. No more teachers’ unions. (No more government employee unions, as Franklin Roosevelt understood.)
Occupational license reform.
Stop subsidizing pointless college majors.
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