Subscribe to our free, weekly email newsletter!


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.

Keynote speaker Steve Forbes reiterated his call for a flat tax policy in his keynote address Tuesday morning, while also calling for a return to the gold standard for the U.S. dollar.

By Modern Materials Handling Staff
January 22, 2013

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!

Recent Entries

You’ve heard the old saying, it was the best of times, it was the worst of times. Rob Handfield sees this as the best of times for procurement professionals, who have an opportunity to deliver real value to their organizations.

While core metrics were down from a very impressive July, the August edition of the Non-Manufacturing Report on Business from the Institute of Supply Management (ISM) was still very strong.

Company's multi-tenant SaaS solution enables quick onboarding of new trading partners and omni-channel capabilities.

The Institute for Supply Management’s (ISM) August edition of the Manufacturing Report on Business saw its PMI, the ISM’s index to measure growth, fall 1.6 percent to 51.1, following a 0.8 percent decline to 52.7 in July. Even with the relatively slow growth over the last two months, the PI has been at 50 or higher for 31 consecutive months.

Global demand remains stable as packaging equipment providers of all sizes shift focus.

Article Topics

News · Economy · ProMat · All topics


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA