Short Answer
The proposed changes include implementing tax cuts to increase disposable income and stimulate economic growth, significantly reducing government spending by cutting politicians’ salaries by 30-40%, and streamlining government departments to enhance efficiency and decrease administrative costs.
Step 1: Implement Tax Cuts
The first significant change I would advocate for is to initiate tax cuts. Lowering taxes means that the general population would have more disposable income, allowing them to spend more on goods and services. This increased spending will ultimately stimulate the economy, leading to greater overall growth. Additionally, it would reduce opportunities for the wealthy to exploit tax breaks through charitable donations.
Step 2: Reduce Government Spending
The second action would involve a substantial reduction in government spending, specifically targeting the salaries of career politicians. I propose cutting their salaries by 30% to 40%. Since government entities are typically the largest spenders and do not generate revenue, reducing these salaries not only eases the tax burden on citizens but also reallocates funds towards vital sectors like health and education.
Step 3: Streamline Departments
The final cut I would advocate for is to reduce the number of government departments. While certain ministries, such as Agriculture and Interior, must remain separate due to their critical functions, others like Labor and Treasury could be merged. This streamlined approach would lead to decreased administrative costs and enhance the efficiency of government operations, further cutting unnecessary expenditures.