Today the U.S. economy outperforms that of most other wealthy
nations, thanks in no small part to its efficient capital markets
and its first-rate system of higher education. But a web of
weaknesses, particularly in primary and secondary education and
healthcare, could put that leadership position in jeopardy as more
nations emerge to challenge the United States over the next
century. In Economic Competitiveness, Robert Gordon identifies the
shortcomings that prevent the United States from reaching a higher
standard of living. The policy prescriptions he provides in this
report are designed to remedy these deficiencies so that the nation
will be prepared to maintain its leadership role in a competitive
global economy. Among his recommendations: �bullet points finance
primary and secondary public education through federal and state
taxes rather than local property taxes institute a single-payer,
government-financed health care system for essential medical care
impose higher tax rates on the highest income levels to reduce
economic inequality For anyone concerned about the future of
American competitiveness, this report is a valuable primer on where
the U.S. economy is and where it could be going.
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