Forbes sees blockages to stronger economic recovery

In his Tuesday keynote address, Steve Forbes, chairman and editor-in-chief of Forbes Media, called for removal of long-term structural blockages on U.S. economic recovery, while noting that Republican leaders in Congress are wise in taking smaller tactical steps rather than repeating big showdowns.

By ·

In his Tuesday keynote address, Steve Forbes, chairman and editor-in-chief of Forbes Media, called for removal of long-term structural blockages on U.S. economic recovery, while noting that Republican leaders in Congress are wise in taking smaller tactical steps rather than repeating big showdowns.

Forbes, a former presidential candidate and author, repeated his long-held belief in the benefits of a flat tax, stating his belief that for businesses, a 17% flat tax would work. He also called a return to the gold standard for monetary policy and setting the value of the U.S. dollar. The current tax code, he said, if far too complex.

“This tax code is beyond redemption,” he said. “The only thing you can do with this beast is kill it.”

Forbes said Republicans should avoid big showdowns in Congress that are likely to fail, and focus on smaller adjustments, such as forcing the Senate to set s budget as part of any debt ceiling extension deal, or not allowing Medicare funding to be used to help fund the Patient Protection and Affordable Healthcare Act.

Forbes said such steps might seem small, but will help educate the public while paving the way for larger reforms.


Subscribe to Modern Materials Handling Magazine!

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Article Topics

Economy · ProMat · · All Topics
Latest Whitepaper
Evolution of the Retail Fulfillment Operation
It’s an omni-channel world, and retail warehouse and DC operations must now seamlessly orchestrate a combination of software, automation, hardware and supporting equipment to meet ever-increasing customer expectations or be rendered irrelevant.
Download Today!
From the June 2017 Modern Materials Handling Issue
Self-driving mobile robots improve cycle times and reduce floor space at GE Healthcare’s new repair operations center in Wisconsin. General Electric operations center layout, General Electric Healthcare warehouse
GE Healthcare: Self-driving vehicles are the centerpiece of ROC
The Big Picture: Adaptability as King
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Warehouse Execution Systems (WES): The Pathway to Same-Day Fulfillment
This webinar explores the processes and technologies enabling same-day, same-hour order fulfillment using intelligent supply chain software.
Register Today!
EDITORS' PICKS
GE Healthcare System Report: Lean repairs
Self-driving mobile robots improve cycle times and reduce floor space at GE Healthcare’s new...
Materials Handling Innovation (and why it matters)
Every company considers itself an innovator. It’s time to include materials handling leaders in...

Thrive Market’s Startup Distribution Network
How does a fastgrowing, e-commerce startup company build out order fulfillment capabilities? Thrive...
U.S. Roadmap for Material Handling & Logistics: Version 2.0 released today
On Tuesday, the U.S. Roadmap for Material Handling & Logistics: Version 2.0 will be released on...