Government’s Presence In The 21st Century

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Government’s Presence In The 21st Century

  1. 1. HOME WELCOME WHAT IS EMPOWER NETWORK? VISION LEADERSHIP SYSTEM Subscribe to RSSGET MONEY CONTACT THOMAS AMAL THOMASAMAL.COMGovernment’s Presence In The 21st Centuryby Amal | on June 1, 2012 0 Tweet Government’s Presence In The 21stCenturyDoes government have a role in the 21st century? Go Daddy! converted by Web2PDFConvert.com
  2. 2. By Chrystia Freeland (editor of Thomson Reuters Digital, Reuters.com)The big economic question in much of the world today is usually framed as the fight betweenadvocates of austerity and advocates of growth. But another way to view the debate is as acontest between those who think that 21st-century government can be effective and thosewho don’t.Indeed, some of America’s most outspoken capitalists have begun to fight the “Buffett Rule,”which would set a minimum tax level for millionaires, and other calls to raise taxes for those atthe very top, with the argument that money is best left in the bank accounts of the superrichbecause they are more effective at using it than the state is.“I’m a job creator. I’m one of the guys who can help us out. I’m a Silicon Valley guy who caninvent and create,” T.J. Rodgers, chief executive of Cypress Semiconductor, told me. “If you taxme more, I will either give less to charity or I will fund venture companies less, or I will sell the Postsstock in my own company or other companies I own, like Intel and Google. I will do one of thosethree things to return the money to the government.” Look Who’s Telling Big Brother Enough IsIf that were to happen, Rodgers told me, the economy would be hurt, because he is better at Enoughinvesting money than government bureaucrats are. Is Philanthropy The End Result Of Wealth?“The money will go into cash for clunkers or another program. And somehow we’re supposed to Only For The Wealthy..believe that taking money from the investments, my investments, out of Silicon Valley, wherethey have been very, very good for the economy, and putting them into cash for clunkers, or Ideas Of What Not To Do In Order To Havethe new scheme, whatever it is, is somehow going to make America’s economy better,” he said. A Productive Day“It’s just wrong. It’s going to hurt the people that they’re pandering to. It’s going to hurt thevery people that think if we vote for this, then we’ll get more money. What will happen is theeconomy that they depend on will be less robust and they’ll be in worse shape.” “Cash for Online Shopping, Its Advantages And Why It’s Become So Popularclunkers” is a term for a U.S. government program in 2009 that provided rebates to those whotraded in older, fuel-guzzling cars for more efficient models. Ways to Obtain Money Fast With The Use OfEdward Conard, a former partner at Bain Capital, the buyout firm once led by Mitt Romney, the The Internet While At HomeRepublican presidential candidate, makes the same point in Unintended Consequences, a bookpublished this month. Conard, like Rodgers, argues that society overall benefits when the richare taxed lightly because the rich – by virtue of their wealth – have shown they are the bestinvestors of capital. Get Started Now!As Conard writes: “For every dollar earned by a successful innovator or lucky risk taker, society *Emailcaptures forty cents of investment. Were society to pay the incremental dollar of income to amiddle-class consumer, he would charge society ninety to ninety-nine cents of consumption forevery penny of investment – a steep price. It’s cheaper for society to allocate income to the start nowrich.”There’s a lot to unpack in this line of reasoning. For one thing, it is hard to escape the obviousself-interest – it is certainly convenient to believe that low taxes for oneself not only are apersonal boon but also serve the collective good. The debate is also ideological. The right haslong been campaigning to reduce the power of the state and to increase the power of theindividual.One reason for that gap may be that while our private and business lives have been transformedby the technology revolution, government largely has not.“Just as technologies are disrupting industries – retail or publishing or whatever – technologiescan also disrupt the way you do government,” Nilekani told me. “The thing is that we don’t yetknow how to do it well.”“If you have grown up using a tablet or a smartphone, with nice user interfaces, and one click,you get everything, you get maps everywhere, you’re used to a certain level of responsivenessand efficiency,” Nilekani explained. Government is often not very good at delivering either, hesaid, which can make us more frustrated as citizens than we are as consumers.Nilekani thinks this transformation of the state is one of the world’s most urgent challengesbecause he believes that without a powerful and effective government, private entrepreneurshipis impossible.“I think innovation is something best done effectively in the private sector,” he told me. “But it’sthe role of governments to create public goods which are platforms for innovation. If you lookat the U.S., the Internet was a government defense program on which today you have thishuge innovation ecosystem. GPS is another example.” That system “was designed for military converted by Web2PDFConvert.com
  3. 3. applications. But today it’s used for maps or car navigating systems or whatever. So the ideal isto create these global public goods or these national public goods that are platforms. And thenmake them open so that people can innovate.”That’s an important paradigm shift. Instead of arguing over whether to shrink the state orexpand it, or whether money is better spent by the private sector or by the state, maybe weshould be focusing more on reinventing the state for the 21st century. Is This A Scare Tactic By The Rich?Trying to be as educated and responsible as possible when it comes to responding or evenforming a opinion on subjects like this, but the comments made by the wealthy seem to alwayscome off as scare tactics. There is a constant theme being preached if taxes on the rich areincreased.How about bettering the educational systems, provide better resources and assist with the mostmodern up to date technology through out all communities and I’m sure many more innovatorswould be produced. Use some of the riches to help those not as fortunate which would decreasethe most common problems plaguing this country today.Stop with the vale threats, pay the taxes or donate more money (as if the tax benefits fromdonations won’t be amended to capitulate to the rich anyway) and play a role in bringingfairness and equality.Now is the time to display your creativity and writing skills, let us know what youthink pertaining to anything, click here. Can you believe that saving money is thiseasy? See what I did and you should to, here. Is there anyone that doesn’t shop?Does anyone like to make money? How about shopping and meanwhile makemoney? This is unbelievable, check it out here.This entry was posted in Empower NetworkTags: 21st century« Previous Post Next Post » About The Author: Amal A former latchkey kid leading to being INDEPENDENT, self-reliant, DEDICATED follow er in my belief, FATHER of 3 men, HUSBAND, somew hat EDUCATED, filled w ith HOPE, GRATEFUL for life, HUNGRY for SUCCESS, alw ays w illing to give a helping hand, community facilitator, school board member, experienced in various industries, ENTREPRENEUR and a MAN STILL ON THE GRIND. converted by Web2PDFConvert.com
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