TP05: The Great equalizer

In life, a person has to choice to do one thing from three. The first to help society. You could do that by becoming a teacher. The second thing is gain power. You could do that be regulating the lives of people. The third thing is gain wealth. You could do that be working in start up and not wall street, because wall street is heavily regulated. The book for me felt like trying to answer that ultimate question of trying to figure out a way to get to the middle ground of all three relationship.

The Great Equalizer by David M. Smick is trying to navigate a direction for American regulators to think like start up with the heart of teacher to make the most important driving forces for growth through Main Street and not through over-regulations or hedge fund constraints. The lack of empowerment becomes a tool of suffocation to innovation, and the people that have the power are busy trying to hold on to their share by lobbying through legislation that stops anyone from taking their market share.

The economy that worked best for the United States is small firms that open up and hire. The only way for small startup to work is not restrict the ability of the main street. Main street for as long as America has experienced growth was the driving forces. Regulators must not give up on its ability to work for the Main Street.

For David M. Smick gave fourteen point plan.

1. Grand Bargains with Congress
2. Bring our Capital Home
3. Avert Debt Crises.
4. Tax Reform (Reagan 2.0)
5. Invest in Youth.
6. Recreate a Global Financial Architecture.
7. Encourage new enterprises.
8. Manage US government non-financial assets.
9. Modestly raise the minimum wage
10. Increase worker mobility.
11. Welcome foreign geniuses.
12. The Pause that Refreshes
13. Fund Adult Tech education.
14. Reinvent government.