Last week Mr. Franklyn Wilson was interviewed by Tribune Business, and finally a card carrying member of the PLP lays it on the line that cutting government spending is the key.
Here are his points in summary:
1. Neither political party wants to reduce the size of government.
2. As a result the government only focuses on the revenue side of the budget.
3. While the tax base has shrunk all and sundry seem to want subsidies of taxpayer money.
4. Slowing spending 6% (reducing the size of government) would provide the same benefit as raising taxes.
Economic growth (private sector) is what creates jobs not government spending. In other words, the opposite of what we've been getting for a long time now.
As Charles Kadlec noted in Business Insider;
"The path to more robust growth is first to stop doing what demonstrably has not worked for the past two years. As I wrote in “Toward a New Economic Consensus,” studies by professors from Harvard to the London School of Economics are providing a growing body of empirical evidence that shows the combination of spending restraint and reductions in tax rates are the best ways to stimulate economic growth and employment."
Now we need more of the business community including the bankers, oil companies, food stores, and yes the Chamber of Commerce - business in general – to stand up for what we know is right.
And there is where it all falls apart,
Those who can, should, but will not.
Too easy to sit back and preserve their own pie.
But for how long can that suffice?
What happens when the fervor of the “Entitled” and the elected outweighs the power of the “establishment” to preserve the status quot?
Hear, hear Oracle.
A principled stand is what we must take at this time to help stem the tide.
I’m not confident the Chamber can or would lead the charge.
Maybe all the various business associations will do so?
Your last question is of grave concern to me, and has been for for the past ten years or so.
How far away are we from the proverbial tipping point is the million dollar question?
Too few have any principals, save self preservation.
Too few educate themselves, either historically or currently.
Many have made their “deals with the devils” to put it bluntly.
As for the various Business associations,(special interest groups, akin to U.S. lobbyists) they invariably gain at the expense of another.
(in the extreme, Social services handouts, EBT Cards in the U.S.)
It is very much philosophically corrupt, or at the least absent a philosophy altogether.
Pick your poison.
It is all very scary for anyone in business & it should be for all others as well. Mr. Wilson needs to have a serious talk with his leader. I’m afraid the tipping point is very close.
I sincerely hope Wilson’s opinions will be accepted by his comrades in government. And that he is not just a voice in the wilderness
I do not know the man, but one should consider that he has amassed a considerable fortune through effort but also, in my opinion, his connections.
Self preservation may play a starring role in his position no?
Each man has his own motivations to be sure,
but the voices are very sporadic.
I agree that self preservation plays a role, but that is sometimes justified and in this case I think he’s correct no?
I applaud him, as a PLP advisor, for taking a stand against his organisations bad public policy.
Perhaps, if they listen, he can be given full credit.
However, the behavior within the pecking order suggests he will be marginalized, as opposed to them adopting sensibility.
The failings of the various personalities run deep.
Again, philosophically deficient.
Its like General George Patton said “Politicians are the lowest form of life on earth.Liberal democrats are the lowest form of politicians”. Enough said.