Op-ed: Marc Andreessen asks why we don't build things anymore – here are some possible answers.
Key Points
He notes that the U.S. couldn't even ramp up production of masks to protect our health-care workers, and he contrasts this unfavorably with an America of past eras that built skyscrapers and interstates and microchips. Andreessen and I are part of the same generation — Gen X, the dot-com generation, the generation that briefly hoped the internet would provide us an escape from the social and political structures that the larger and more politically powerful baby boomers had established in the 1970s and '80s.
But on a micro level, financial incentives shifted away from builders. Low personal tax rates and high business taxes encourage hoarding and discourage reinvesting or starting new businesses. For the last four decades, the biggest paydays have been in professions that involve the allocation and shifting of capital, rather than building things. .
Multiply this situation by a thousandfold at every level of government, in countless industries across the country.The end of the military draft in the 1970s was driven by a sense of justice. It was not fair that kids were forced to fight and die in wars that broad sections of the population thought were unjust, like Vietnam.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Op-ed: Why financial literacy matters in an economic crisisA new survey finds nearly 9 in 10 Americans say the COVID-19 crisis is causing stress on their personal finances, highlighting the importance of financial literacy.
続きを読む »
Op-Ed: Instead of building more hospitals, turn bedrooms into hospital roomsThe hospital-at-home model could help coronavirus patients who need sustained medical supervision but don't need to be admitted into a hospital.
続きを読む »
Op-Ed: Advisors need to help clients get back to basics during this volatilityWhile financial advisors must continue being proactive in helping clients maintain financial well-being during the coronavirus pandemic and downturn, the most effective advisors are managing their clients' emotional well-being, as well.
続きを読む »
Op-Ed: Last chance to reconsider LACMA's bad plan for a new museum?From the moment the Los Angeles County Museum of Art unveiled the latest version of its new design, critics have piled on.
続きを読む »
Op-ed: Two-thirds of our team is autistic. That's helping us survive the coronavirusAn IT consulting company CEO explains how his autistic employees excel as remote workers during the coronavirus outbreak.
続きを読む »
Op-Ed: Instead of building more hospitals, turn bedrooms into hospital roomsThe hospital-at-home model could help coronavirus patients who need sustained medical supervision but don't need to be admitted into a hospital.
続きを読む »