Monday, November 28, 2022

What Can Politicians do to build the U.S. Economy?

 

With inflation, taking more of our paychecks every day the government needs to find new ways to build our economy. The answer lies in building basic infrastructure. I am not talking about just roads and bridges, which while needed are the way of the past when it comes to how Americans buy goods and services. Today is Cyber Monday. More and more people are buying their goods and services online from large corporations such as Amazon and Walmart. Small businesses cannot compete because of something we call the digital divide, a lack of basic access and infrastructure for the internet. The U.S. must make access to the internet free and fast for all Americans.


The U.S. should treat the internet as they did electricity. They should regulate not the content, but the service provided to all Americans. Basic internet should be free to the public and small businesses. Larger and middle size companies could pay for higher end services provided by private companies. By making internet accessible to all Americans, you increase the profit base and therefore increase the usages. By increasing the usage, you then increase the profit share to small businesses.


By increasing access of internet to all Americans, you build a customer base, which will grow other companies and provide basic tax revenues to small towns and outlying areas of our country. This is where government comes in. They need to tax the very largest corporations in this country to raise funds to pay for these investments. Think what it would have been like if our country had never developed basic utilities. Think of all the items that run on electricity in your own home. By providing access to all Americans, you build the economy and expand business in all parts of the country. I am sure that large corporations will fight this tooth and nail, but their fears are the same faced by this country every time there is innovations in our technology.