How do we get our economy growing 7% gdp growth rate/year?

[ScienceRocks]

How do we get our economy growing at the growth rate of China??? 7-8% per year.

We need to do it!

 

[buckeye45_73]

If I knew, Id run for President....that's a crazy growth rate!

 

[ScienceRocks]

If I knew, Id run for President....that's a crazy growth rate!

Maybe if we mine the Asteroids we could do it?

Rebuild our cities into the 21st century?

China and India are doing it.

 

[healthmyths]

There is over $1 trillion sitting offshore waiting to be repatriated.
Assume President Romney (the VC guy offers) repatriation tax of 5%.
$500 billion comes back and with the $25 billion (5%) funds and establishes a government-sponsored enterprise called Venture Capital Insurance Corp (VCIC).
Managed by lowest bid VC firms the objective is as follows:
Various tiered risks from blue chip to garage start ups will secure the small investor (maximum $20,000 per investor) principal for as long as the small investor holds their investment.
Once the small investor sells their equity, the VCIC coverage is gone.
Each VCIC insured venture will pay a premium plus a portion of equity to VCIC to secure the initial $25 billion is replenished (which is treasury notes.)
The premiums of 5% of capital raised and 5% equity will build the reserve.
With 2/3rds of investments succeeding, growth of the VCIC is assured, venture capital access is assured and the GDP grows at 10%.
Tax revenue grows exponentially eventually wiping out the national debt.
All by allowing companies to bring back $500 billion to reinvest in the USA!
Small investors build their own assets, SS/Medicare liabilities are reduced!

 

[healthmyths]

Nothing exotic, no mining asteroids... simple Venture capital growth!
Small investors allowed to have secured principal with no risk!
In the meantime the $475 billion brought back is used to hire more people, buy more equipment, rent more space, again AT NO cost to the government since the money is just sitting offshore waiting to have a reason to come back and GROW under a President that encourages businesses, not threatens them! Rewards growth not RETARD growth!

 

[Avatar4321]

Keep the commandments and get the government out of our way.

 

[healthmyths]

Keep the commandments and get the government out of our way.

I agree! The ONLY reason we have the growing tightening strangling rules and regulations is our children are NOT taught with as much religious fervor as global warming is taught,
the sound rational logical principal "Do unto others as you would have others do unto you"! The Golden Rule!
If more people understood the efficiency of the above principal, the total cost reduction in NOT having a cop on every corner because they WERE TAUGHT that from pre-school up, with all
the advertising intensity as "greening" etc., there wouldn't be the need for $1.5 trillion a year in rules and regulations COMPLIANCE COSTS!
That $1.5 trillion would be spent hiring productive people!