Ten Paths to Economic Recovery
(as of December, 2009)
by Win Wenger, Ph.D.
Ways To Ensure a Real, Long-Term, Economic Boom
and Avert Second- and
Third-Dip Returns to the Recession
Incentivize flexfuel vehicles via tax credits, while taxing
gasoline-only engined vehicles. Opens mass market for alternative
fuels, makes petroleum have to compete with other energy sources, save
up to a half trillion dollars per year in the US-International Balance
of Payments. Mandates have been discussed, but incentives
accomplish pretty much the same results while preserving individual
initiative and freedoms. Please see How to Free Us from OPEC and
8-Point Economic Recovery Plan.
Incentivize long-term investments by adjusting taxes and tax
credits. Pretty much is clear as to what affects our future
productivity and well-being, these should receive more emphasis in the
total mix of what we spend on, incentives preserve flexibility,
initiative and individual freedoms, in contrast to administered
governmental and agency programs. See On Incentives as a Preferred Instrument of Corporate and Public Policy
Substitute incentives to the private sector for more direct, expensive
means of government control. Especially, tax credits should go to
offset benefit externalities in such key areas as basic scientific
research. Taxes should be used to offset classes of economic
activity which feature heavy cost externalities such as
pollution. Main argument in On Incentives as a Preferred Instrument of Corporate and Public Policy and in
Incentivize long-term investment in such infrastructural matters as
will create inexpensive access to inexpensive land and land
developments. That in several ways lowers the costs of starting
up new enterprises. New enterprises are always the main source of
real and substantive new economic growth.
Likewise incentivize also such infrastructural investment as will lower
the costs of commuting to work. That cost factor also works
through to affect the cost of starting up the new enterprises upon
which so much else depends.
Incentivize cybercommuting as a way to lower costs of commuting, to
lower costs generally, and enlarge generally the milieu which
encourages the starting up of new enterprises.
Gradually tax the distance between one's residence and his place of
work, while providing tax credits for moving his residence closer to
his place of work.
Tax sugar instead of continuing to subsidize
it. This will make a huge saving in the costs of health care.
Provide matching funds to private grants to communities, schools,
private schools, and education programs, which experiment with
non-standard teaching methods, philosophies and systems.
Expand by an order of magnitude the prizes now being awarded by NASA to
incentivize various aspects of space development through and in the
See also the very key article which shows why developed nations have faltered in their development, and shows three major ways to take the lid back off, at
The Free Market, Land, and Traffic.
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