On the following proposed "economic stimulus" plan

The resolution is affirmed if the economy as a whole would be helped by these proposals. The resolution is negated if otherwise. ********************** ECONOMICS FOUNDATION ****************************** "THE produce of labour constitutes the natural recompense or wages of labour. " . http://www.adamsmith.org... "But the whole price of any commodity must still finally resolve itself into some one or other, or all of those three parts; as whatever part of it remains after paying the rent of the land, and the price of the whole labour employed in raising, manufacturing, and bringing it to market, must necessarily be profit to somebody. " . http://www.adamsmith.org... "The occasional fluctuations in the market price of gold and silver bullion arise from the same causes as the like fluctuations in that of all other commodities. " . http://www.adamsmith.org... "The labourer is rich or poor, is well or ill rewarded, in proportion to the real, not to the nominal price of his labour. " . http://www.adamsmith.org... (I will present more economic background as needed) ********************************************** My Economic Stimulus Plan is: 1. Eliminate the Minimum Wage 2. Gradually privatise most public land 3. Eliminate and/or privatise all government that is not involved in defense, the enforcement of contracts, the compensation of damages, currency, law enforcement, or the protection of inalienable rights (life, liberty and rights to one's private property) This includes (but is not limited to: -A. Regulatory Bureaucracies -B. All subsidies -C. All welfare, including corporate welfare, unemployment benefits, and entitlements -D. Medicare, medicade, and social security -E. NASA and other public research institutions -F. The Departments of Agriculture, Commerce, Education, Health and Human Services, Energy, Interior, Housing and Development, Veteran's Affairs, Transportation and Labour -G. The EPA -H. The Small Business Administration -I. The National Science Foundation 4. Ammend the U. S. Constitution so that currency must be kept to a gold standard 5. Eliminate the progressive income tax entirely 6. Eliminate the corporate income tax entirely 7. Eliminate the estate tax entirely 8. Eliminate the capital gains tax entirely 9. Establish a low national retail sales tax as the only source of government revenue 10. Work to open free tade with more foreign nations. 11. Work to pay off debts to foreign countries. ******************************************** QUICK REASONS FOR EACH 1. The minimum wage is the primary cause of unemployment. It keeps wage from naturally fluctuating and, as natural price deflation occurs, begins a spree of unemployment that becomes exponentially worse. It also keeps jobs in America, though outsourcing will still occur, because the labour market is much more expensive in American than in third-world countries. 2. As more land becomes available to the public, the costs of rent and land in general naturally decrease. With an across-the-board cut in property/rent costs, prices drop. However, wages would remain about the same. This causes an increase in aggregate demand, which leads to an economic recovery. The federal government alone owns almost 30% of all the land in the United States. . http://www.calinst.org... 3. Unnecessary government drains the economy of surplus (wealth). Labour that does not produce wealth but takes it from the rest of the economy is a burden. Other aspects of government would work best if privatised, such as NASA. This government monopoly is not producing wealth; rather, it is draining it. If privatised, it could do the same work, produce a profit (wealth), have multiple different companies, and allow more efficient and applicable scientific research to be done. Further, companies that cannot survive without subsidies and welfare are not creating wealth. 4. This would limit inflation and re-enforce that our currency actually has sustainable value. 5. Eliminating this tax would increase the aggregate demand by over 40%. By eliminating the unnecessary government in step 3, this becomes practical. 6. By eliminating this double-tax on corporations, prices will drop even more. By eliminating the unnecessary government in step 3, this becomes practical. 7. This keeps more property in the private sector. 8. Eliminating this tax on investment encourages investment. 9. Government needs some form of revenue, and this seems the most efficient way to do that. 10. Expanding the market for our goods improves our trade surplus. 11. With less money leaving the country every year in interest, in the long-term, the United States will have a lesser burden on the economy.