During his hour-long presentation on January 11th, 2017,聽Steve Forbes聽touched on both politics and the economy, and he outlined four areas where he believes reform is coming that will help move the economy out of the 鈥渟elf-inflicted rut that we鈥檝e been in for almost 15 years.鈥�
The first area is taxation, said Forbes, who believes a flat tax should replace the complexities of the current tax code. He also warned against the border adjustment tax, a sales tax on imports that he believes could result in Americans paying higher prices for goods. 鈥淧utting in a new tax is a dangerous thing, even if they think it鈥檚 for a good purpose,鈥� he said. The second area where Forbes sees potential for reform is healthcare. He noted that while the growing demand for healthcare is considered a crisis, 鈥済rowing demand for anything else is considered a great opportunity,鈥� he said. The third area that is ripe for reform involves government regulations. Forbes said excessive regulations cost the American economy $2 trillion a year. The final area where Forbes sees reforms coming is in monetary policy. He noted that money is not wealth. 鈥淢oney measures wealth. Money measures value,鈥� he said. Money works best when it has a fixed value, said Forbes, who advocates a return to the gold standard. In the end, 鈥測ou need a strong identity. You need a strong brand,鈥� he said. 鈥淭rust is key.鈥�