“We need to jettison a LOT of government-imposed distortions of the economy — unions, minimum wages, liberty-sapping “health and safety” regulations, unemployment insurance (you pay people to be unemployed and guess what? More of them become unemployed!), and 100% of “entitlements” like Social Security and Medicare. Welfare, of course, has to go too, especially Medicaid.
Places like Hong Kong are unburdened by stuff like that. And they will eat our lunch if we maintain those kinds of burdens.”
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Nailed.
Although, in the last sentence I would replace “will” with “have been”.
Our lunch, breakfast, dinner and midnight snacks.....
Another big problem we have to address: The 40-hour work week. That was an idiotic idea from the start. America will not be great again so long as worker feel entitled to “weekends,” overtime pay, paid vacations, etc.
Pay for most workers should be by the DAY, not the hour. That day should last as long as it needs to last in order to get a decent, world-competitive amount of work done — usually 10-12 hours, not 8. And a work week should lat 6 days, not 5.
Paid vacations and other “benefits” should be negotiated — something better, more in-demand workers and managers get, but not everyone. The average worker in the USA is, in my opinion, FAR too spoiled. We could learn a LOT from Hong Kong.
SS AND MEDICARE ARE NOT ENTILEMENTS I HAVE PAID IN FOR OVER 40 YEARS INTO THOSES ALONG WITH MY EMPLORYERS.