I’ve been saying in this blog for some time that we can’t tax and budget our way to a better future. We need to work on dramatically lowering the average cost of a high-quality lifestyle. Technology can make that happen if the right startups are nurtured.
Take for example this project that figured out how to make entire homes for $20K, using space-age methods. The big problem is that local building codes prevent new technologies from being implemented. I know that to be true because I had to forego some green design ideas for my current home for exactly that reason. The same government that insists I build with green methods prevents me from doing it in a number of cases. It’s a huge obstacle to progress.
But let’s say America decides to create an investment fund for startups such as this $20K home project, for the explicit purpose of lowering the future cost of living for low-income Americans. The fund would invest in only those companies that can make your ordinary life less expensive. But on top of investing, the government could work with the fund to remove burdensome regulations for their startups. Americans could be living in $20K homes by summer if Congress made it a priority. All Congress needs to do is make exceptions for certain companies and keep the initial trials small. If problems pop up, adjust as needed.
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