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Steve Forbes - Reviving America

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Conservative icon Steve Forbes returns with his most powerful and provocative ideas yet

The United States has been through one of the most tumultuous decades in recent history. Polls show people on both sides of the ideological divide believe that the country has gone off track. If something isnt done quickly, Americans face a bleak futurecontinuing decline and disarray in a world that grows ever more dangerous.

Steve Forbes, two-time candidate for the GOP presidential nomination and Forbes Media Chairman, explains how todays malaise has been caused by years of Obamas destructive policies, a broken tax system, and the Federal Reserves Soviet-style controls over credit and money.

The problems are challenging. But Forbes tells us that, with the right policies, the country can bounce back faster than people think. In this compelling and much-needed book, he sets forth a three-part plan to revive America.

Patient-Driven Healthcare: The problem with healthcare, Forbes says, is that Big Government, health insurance companies, and employers are in control, not you, the patient. The key to getting high-quality, affordable healthcare is increasing competition and choice, and putting patients in charge.

Enact a Flat Tax: Todays complex, corrupt tax code must be scrapped. The best answer is a simple Flat Tax. Forbes shows how this very bold reform would free America from the IRS and unleash an unprecedented wave of prosperity.

A Sound Dollar as Good as Gold: With its ever-fluctuating fiat dollar, the Federal Reserve has blocked a real recovery and is the prime cause of todays stagnant, crisis-ridden economy. The answer? Take the dollar out of the hands of the Washington politicians by returning to a monetary system with the value of the dollar linked to gold.

A clear and vital guide, Reviving America shows how the United States can recover the optimism and entrepreneurial dynamism that made it the greatest nation in history. These are 21st century solutionsnot the failed ideas of the recent past. Forbes offers specific ideas and plans, not generalities and bromides, and is challenging policy makers to do the same.

Steve Forbes is the coauthor of Money, the New York Times bestseller Power Ambition Glory, and the Wall Street Journal bestseller How Capitalism Will Save Us. Forbes is the Chairman and Editor-in-Chief of Forbes Media, which published Forbes magazine, with a circulation of nearly 1 million readers. Combined with Forbes Asia and Forbes Europe, and the companys licensee editions, the magazine reaches close to 6 million global readers. Forbes.com reaches almost 70 million unique monthly visitors.

Elizabeth Ames has co-authored three previous books with Steve Forbes: Money: How The Destruction of the Dollar Threatens The Global EconomyAnd What We Can Do About It; Freedom Manifesto: Why Free Markets Are Moral and Big Government Isnt; and the Wall Street Journal bestseller, How Capitalism Will Save Us: Why Free People and Free Markets Are The Best Answer In Todays Economy.

Steve Forbes: author's other books


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A LSO BY S TEVE F ORBES

Money: How the Destruction of the Dollar Threatens
the Global Economyand What We Can Do About It

(and Elizabeth Ames)

How Capitalism Will Save Us: Why Free People and
Free Markets Are the Best Answer in Todays Economy

(and Elizabeth Ames)

Freedom Manifesto: Why Free Markets Are
Moral and Big Government Isnt

(and Elizabeth Ames)

Flat Tax Revolution: Using a Postcard to Abolish the IRS

A New Birth of Freedom: Vision for America

Power Ambition Glory: The Stunning Parallels
Between Great Leaders of the Ancient World
and Today... and the Lessons You Can Learn

(and John Prevas)

Copyright 2016 by McGraw-Hill Education All rights reserved Except as - photo 1

Copyright 2016 by McGraw-Hill Education. All rights reserved. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher, with the exception that the program listings may be entered, stored, and executed in a computer system, but they may not be reproduced for publication.

ISBN: 978-1-25-964113-8
MHID: 1-25-964113-9

The material in this eBook also appears in the print version of this title: ISBN: 978-1-25964112-1, MHID: 1-25-964112-0.

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To the American nation,
which remains, in Lincolns words,
the last best hope of earth.

Contents
Acknowledgments

Many people helped make this book possible. Bill Dal Col, who heads up Potomac Communication Strategies and did a superb job in managing Steves presidential bids despite a less than perfect candidate, strongly urged several months ago that Steve do a book on the critical issues the country faces and get it out in time to help influence the debate for the 2016 election cycle. Knox Huston, our editor at McGraw-Hill, loved that idea and promised to move Heaven and Earth to speed up the normal book publishing process. He delivered. Peter McCurdy at McGraw-Hill helped make possible this minor miracle. We also thank our agent, Jim Hornfischer, for his encouragement and advice.

Our thanks go to Derek Sarley, Stuart Spooner, and Nathan Burchfiel for their timely research on the tax section of this book. We could not have completed this project without the excellent contributions of Elizabeth Gravitt, Akil Alleyne, Nicole Hungerford, Sue Radlauer, Keith Farrell, Ryan Hagemann, and Lamont Wood.

We also thank Bob Mansfield and David Lada for their help on the graphs.

This book owes a debt to some the nations leading free market thinkers in the fields of healthcare, taxes, and monetary policy. Among them: the brilliant Nathan Lewis, the foremost expert on gold. His books Gold: The Once and Future Money and Gold: The Monetary Polaris are required reading for anyone interested in gaining a serious understanding of this crucial subject. David Malpass is just about the only economist of note who has correctly diagnosed the disastrous results of the Federal Reserves experiments with quantitative easing, zero interest rates, and regulatory overkill. We are very grateful for his insights.

Dan Mitchells knowledge of and enthusiasm for the Flat Tax remains unparalleled.

Thankfully, on the critical subject of healthcare there are growing number of people who truly get what ails this most personal of endeavors, that is, the lack of free markets. Among those who provided information and analyses were Merrill Matthews and Grace-Marie Turner. Although they bear absolutely no responsibility whatsoever for what we wrote on healthcare, the writings of and conversations with Matthew Herper and Avik Roy at Forbes were always stimulating and informed.

We are also very grateful to Mia Carbonell, Nina LaFrance, Jessica Feintisch, Coates Bateman, and Christina Vega at Forbes and Elena Christie and Courtney Fischer at McGraw-Hill for their wonderful work on marketing and promotion.

We would also like to thank Alexander McCobin, Frederik Roeder, and Casey Given at Students for Liberty for their excellent recommendations and support, not to mention their tireless efforts around the world on behalf of free people and free markets.

Finally, Steve could not even begin to function without the help of associates Jackie DeMaria, Rebecca Tapio, and Merrill Vaughan.

Needless to say, without the understanding and encouragement of family, a project like this would be well nigh impossible. A heartfelt thank you to Sabina, Steves wife, and their five daughters, Sabina, Roberta, Catherine, Moira, and Elizabeth. In particular Sabina, Catherine, and Moira helped their father cope with his battles with laptops, iPads, and iPhones.

Introduction

H OW DO WE REVIVE A MERICA? B OTH LEFT AND RIGHT agree the nation has lost its way..

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