I make a lot more money each year than I need to live on, but this city, state, and especially this country need a lot more money to build our infrastructure and help our fellow citizens.
To all my fellow American entrepreneurs, businesses owners, and investors who have been blessed to be in the upper end of the income and wealth spectrum: America needs a lot of things before we need another tax cut.
During the 2016 presidential election Donald Trump repeatedly emphasized the impact of U.S. trade policy on unemployment. The effectiveness of this message to the workers of America was quite revealing.
Infrastructure is better thought of as the entire apparatus of publicly orchestrated institutions and development that provide benefit to society as a whole, raising living standards across the entire spectrum of our communities, and creating the platform upon which private enterprise can grow and thrive.
Some part of our national income is spent on collective purposes — the common good. Should decisions on how to spend that money be made by (a) individuals who earn the money deciding how to spend it or (b) representatives elected by the voters deciding?
“It’s time for us to return to where we once had been before taxes were demonized and government was demonized,” said Arnold Hiatt, former chief executive and chairman of the shoe company Stride Rite.
Infrastructure is not just road and bridges. Infrastructure is all of the things that government does that individual capitalists could not possibly do for themselves.