A Sensible Path From Big Government to Liberty
As a Libertarian in Congress, it will be important for me to work with members of both of the old parties to work to drive a legislative policy agenda that will move us towards freedom and liberty. I want to provide a pragmatic roadmap for our country that is politically feasible, moderate, based on sound economics, and rooted in the principles of liberty espoused by our Founding Fathers.
This set of policies is focused on domestic programs with an aim towards balancing the budget, ending crony deals, protecting the social safety net, and simultaneously embracing free market innovation through the profit motive.
The federal budget is massive — approximately $4 trillion — with deficits hovering around $500 billion annually which will continue to add to our federal debt of $20 trillion. This does not even consider unfunded future liabilities. I believe this is irresponsible, and will continue to drive inflation which mostly benefits the wealthy.
Cronyism exists throughout our economy. Regulations generally (not always) do more to protect existing interests — think large corporations like Big Pharma, Wall Street, Big Oil, etc. — by making it harder for new businesses to innovate and compete. The FDA, SEC, and other agencies try to perform a service for the public, but too often help fuel corruption through the revolving door of big money politics.
The social safety net is an important function and serves all of us. If we find ourselves needing support, it’s there. When we don’t need it ourselves, it helps keep us safe by taking care of others. Our current systems are unsustainable. Social Security will be running a deficit soon. Health care costs have driven Medicare and Medicaid into about a quarter of our entire budget. There are dozens of additional social welfare programs which add to the complexity and inefficiency of our system.
I know that simply saying that the free market will solve everything is not a solution at all. However, innovation and efficiency is unmatched in other economic models. We need a system that promotes free market principles while protecting everyone with transparency and a level playing field. If we fight against crony capitalism, limit inflation, and maintain a sensible social safety net, then we will find ourselves in a much better place as a nation.
As your Congressman, I will pursue an approach that includes three key domestic policy agendas. First, a massive expansion of tax credits to incentivize charitable giving, research, and innovation. Second, a set of defined triggers to migrate federal public services to the private sector in an orderly fashion based on thresholds of tax credits issued as described above. Finally, a simple implementation of universal basic income coupled with the elimination of most, if not all, social welfare programs.
I firmly believe that the free market can provide more effective solutions than the federal government. The pushback that many voters have is that people and corporations are too greedy and self-interested to actually provide services in the public good. This plan puts goals in place to actually measure that and act accordingly.
We start with dollar-for-dollar tax credits — moving from today’s system of mostly income deductions — for charitable giving and research. This should unlock a wave of giving through tax code incentives. It will pave the way for new foundations, research organizations, and community organizations focused on the public good. The research and competition in the non-profit sector will lead to innovation and create jobs.
I will also submit legislation that will focus on specific government agencies and departments that will have their functions and budget tied to the private sector giving. For example, the FDA serves as a regulatory agency over clinical trials to approve new drugs. I propose that we look to multiple, competing, private sector organizations performing this function. As the private sector begins to fund these organizations, we will begin to sunset the FDA. This gives patients, doctors, and pharmaceutical companies more choices as there can be a wider range of options and opinions on how drugs are brought to the market. This blueprint can be extended to many government services.
The last piece of this puzzle is universal basic income (UBI). As the tax code shifts and government agencies evolve, we should also address the basic social safety net provided by social welfare programs. I would support an unconditional UBI that replaces the existing programs — everything from food stamps to unemployment insurance benefits. This is less invasive, more efficient, and less subject to exploitation than our current systems.
This blueprint will form the basis of my domestic and economic policy agenda. There is a pathway to more freedom and liberty without total disruption of the status quo. Each of these steps are positive and could be responsibly embraced across both “sides of the aisle” — but it’s time we had a new “side” of the aisle. Join our campaign and send me to Washington to implement these policies.