US Secretary of Commerce Howard Lutnick smiles as he attends a meeting of the cabinet hosted by President Donald Trump at the White House Cabinet. (Photo by Andrew Caballero-Reynolds / AFP (photo by Andrew Caballero-Reynolds / AFP via Getty Images)
AFP via Getty Images
Is the US that is drifting to socialism? It begins to look like that. Socialism never works. And the US will not be an exception.
Not from the early days of President Franklin Roosevelt’s presidency in the 1930s, we have seen that the federal government was involved in the American peace economy in between, as we now see. Roosevelt’s efforts to dominate Washington in the private sector eventually stopped by a historic ruling of the Supreme Court.
If the present trends continue, the US economy could end up in a stagnant route as it is so much in Europe today. Instead of the dynamic, always and although the business economy that has made America the most successful and exciting nation in history, we will have Washington dominate the private sector. The endless flow of newly established businesses will dry. Business success will increase more and more on Washington’s delightful policy and politicians. Recruitment of right -wing interests will always be important. The number of interest groups will multiply like mosquitoes in a swamp. And the swamp will expand like never before.
Look at what’s going on. Washington now holds a piece of Intel. The company knows who is calling on the shots, as President Trump proves to invite its new CEO to the White House. The CEO needed Trump’s blessing to keep his job.
Washington gave itself a so -called golden share in American steel. Although Nippon Steel is the theoretical owner, the White House determines important management decisions, as the company has learned when President Trump Venetia fires in a particular installation.
To get permission to sell some semiconductors to China, Nvidia and AMD had to agree to give the US government 15% of the revenue from any sales. President Trump will decide where that money went. This is ugly material – the compositions paid by the government for permission to sell some products.
Washington receives stocks in MP, lithium America and medal trilogy materials, which are an Alaska mining.
But Uncle Sam just warms up. Howard Lutnick, who is now acting more as a trade hairdresser instead of the Minister of Commerce, has talked about Washington’s participation in major defense contractors. Lutnick and his colleagues are reportedly cooking programs for immediate government involvement in 20 or more basic industries. The noises come from the creation of a government equity fund to pursue government ownership of basic US industry departments.
Comrade Lutnick suggested taxing the successful patents, including 50% of patents who receive if they use any federal funds. This is unaware of the fact that the government has received significant taxes created by business successes from these patents.
Taxing patents is a form of wealth tax. It would be an innovation killer.
Pharmaceutical companies feel how it is in a socialist environment. Price checks are getting slower and more, who will get rid of medical innovation the way it has in Europe. Pfizer recently announced the price cuts in exchange for Washington not to crush it with invoices.
An invoice is a tax and the proliferation of these taxes will not only harm economic growth, but also put an premium on the political attraction to get exceptions or some kind of relief.
This kind of government involvement means that Washington’s politicians, not the market, will choose winners and losers. Pressure exercise will replace private sector competition for success. It will also have a cold impact on freedom of speech.
It does not need imagination to realize what the left -wing democratic party will do if it takes control in the future.
Movements are now on motion – and the previous ones that have been set – will lead to frightening results. They will undermine what has done a great deal of America.
