It doesn’t take a rocket scientist to understand that it is the “velocity of money” that is the prescription for a healthier economy.
How do we then increase the velocity of money?
3. Do not let the Bush tax cuts expire. The marketplace needs surety and confidence. We need to keep tax cuts in place while severely reducing government spending. Then in 2012 with a new president, work to scrap the tax code for a simplified national tax structure.
By eliminating the restrictions to velocity, and encouraging the American people to be successful, more money will flow into our treasury by way of income taxes.
This article originally appeared on Newsmax.
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