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    Home»Opinions»We need Musk’s and Trump’s creative destruction
    Opinions

    We need Musk’s and Trump’s creative destruction

    The Daily FuseBy The Daily FuseFebruary 18, 2025No Comments5 Mins Read
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    We need Musk’s and Trump’s creative destruction
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    Earlier than President Donald Trump, change got here to Washington, D.C., very slowly. Now it has are available in a fantastic, huge, damaging whirl. Trump’s Division of Authorities Effectivity deputy and fellow billionaire Elon Musk is main the cost in shuttering and rearranging authorities companies, however a lot of the change is coming straight from Trump’s pen in government orders and different directives to the cupboard to show issues in Washington the wrong way up.

    Musk considers himself greater than an agent of destruction, although. He sees creation and destruction as going hand-in-hand — therefore the time period “inventive destruction.” To date, it’s exhausting to discern the inventive in all that destruction, however there may be one coppery glint of creation that could be an indication of fine issues to return.

    As I stated, it’s small — the change I’m speaking about is Trump’s resolution to ax the penny. It’s a debate that has been occurring for my complete writing profession. In 1996, after I was recent out of school and in my first job, the Authorities Accountability Workplace — DOGE earlier than DOGE — was a glint in Trump’s eye. The GAO gave testimony to Congress that it is likely to be time to eliminate the penny. Sixty p.c of the billions of cents we have been making by no means noticed the within of somebody’s pocket.

    At the moment, the case is even higher. It takes eight of today’s pennies to equal the shopping for energy of 1 penny after I was born. Because of that inflation, the price of the metallic in a penny prices practically 4 cents — we lose cash on every of the billions we produce. And we don’t use them. Nearly all of the pennies we produce yearly are by no means circulated.

    It’s not as if we don’t know what to do after they’re lastly gone. Years in the past, Congress held hearings and wrote competing bills on how firms ought to handle to spherical costs and taxes when the smallest coin now we have is a nickel. Come to think about it, a nickel at present is value lower than a 1971 penny and it, too, prices extra to make than it’s value.

    You will have seen that over the 30 years we’ve been debating the destiny of the penny, Republicans have had intervals after they have been answerable for all three branches of presidency, and so have the Democrats. We’ve had conservative presidents and liberal presidents and extra average presidents. Federal companies have written dozens of guidelines that handle how we pull the metals in a penny out of the bottom.

    And it’s not as if the difficulty of the penny is such small change that it isn’t definitely worth the time of Congress and the president. We spend lots of of thousands and thousands of {dollars} getting cash shedding pennies and nickels yearly. It impacts the lives of everybody within the nation, from toddlers who be taught to hoard pennies to purchase sweet to each client who buys one thing with money and has to dig for them of their pocket or discover a place to stash all of the meaningless change they get again.

    The truth that it took Trump to do one thing so gobsmackingly apparent for therefore lengthy ought to make us all step again and take into account whether or not Washington may profit from the whirlwind of chaos the second time period of the Trump administration has introduced. There are too many issues on this nation which were kicked down the street with the hope that some future administration will take care of them quite than undergo some ache at present by coping with them now.

    On the high of that listing is Social Safety, which is bankrupt as a result of Congresses managed by each events have spent the many years of surpluses that have been presupposed to be saved. The day when now we have to reckon with that catastrophe is coming quickly.

    Or take into account the Pentagon taken over by Pete Hegseth — who, in the event you consider his detractors, is a drunken, womanizing incompetent. Which will or might not be, however it wasn’t Hegseth who screwed up Protection Division spending so badly during the last 30 years that the company has never passed an audit.

    Or take into account the billions in additional unemployment advantages shoveled out the door throughout COVID-19. We overpaid about $60 billion, together with roughly $6 billion in outright fraud. This was whereas the much-hyped civil service was untouched by DOGE and Trump’s different damaging minions.

    Sure, Trump is messing up Washington. He has no plan for what to place within the place of what he’s destroying. He’s placing unqualified leaders in workplace, a few of whom are bent on undermining the very companies they’re being put answerable for.

    However there are causes we elected Trump. One in every of them is that Washington didn’t work for the general public when all of the competent and accountable individuals have been in cost. Whether or not we prefer it or not, Washington wants some inventive destruction.

    David Mastio is a nationwide opinion columnist for The Kansas Metropolis Star and McClatchy.



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