ABSTRACT
There is an enormous political and economic vacuum to be filled in the last years of the twentieth century and early years of the twenty-first century. Development of new industries cannot be planned in the twenty-first century any more than they could have been in the twentieth century. Variation in life cycles, rapid changes in technology, and a global community broken into region states connected by communication networks make state planning and wealth sharing much less effective. Eventually foreign and domestic wealth sharing led to declining real wages for the majority of United States (U. S.) private-sector jobs. Elimination of the employer-paid portion of the social security tax for each person hired would further encourage companies to hire people off welfare rolls and others from the low-income area. There are two major tax-policy areas—personal income-tax policy and the social security system—that require immediate action if the U. S. is to reverse its decline.
