In response to a reader question, Angus at Kids Prefer Cheese lists the five things he would do if he were the supreme ruler of the USA. Here they are:
1. Increase the inflow of skilled immigrants.
2. Increase school choice, especially for lower income families.
3. Big tax reform with a broad base, low rates, and a carbon tax included in the mix.
4. Use a combination of size limits, leverage limits, and capital requirements that move with size/leverage to reduce the frequency with which finance blows up the economy (instead of trying to micro-manage a la Dodd-Frank / Volcker rule).
5. De-porkify the Federal Government (Dept. of Agriculture, Ex-Imp bank, small business administration, military procurement).
This has internet craze written all over it. So I’ll jump in early. But first, I wonder why Angus would only increase school choice since he’s the supreme ruler and all??
Here is my off-the-cuff list (my first instinct was to have only one thing on it: declare it impossible for anyone to be the supreme leader):
1. End sugar subsidies in the US. This would save consumers and other sugar users about $4 billion or so (see here for more on this).
2. Repeal the 17th Amendment to increase the power of the states in the federal government.
3. Declare victory in the Cold War, retire NATO, and bring back all of our soldiers from Europe (though I would still have a bilateral deal with Italy to keep a Navy base in the region). Obviously, this would end our Article 5 treaty obligation that currently commits the US to the collective defense of states such as Latvia, Lithuania, and Estonia – among too many others – against armed attack.
4. Rewrite the commerce clause of the U.S. Constitution so that precedents such as Wickard v. Filburn will by logic be overturned and ObamaCare clearly ruled unconstitutional.
5. Strengthen protection for private property by adding an explicit ban on the use of eminent domain for private purposes to the takings clause of the 5th Amendment of the U.S. Constitution.
As you can see, I’m bigger on structural reform than specific policy prescriptions. What are your suggestions?