A letter to our Great Governor:
A Nine-Point Plan to rebuild our Golden State Economy!
As a nationwide economy was going into recession since last 3 years, California itself has not been left out of its crisis. California is one of the largest population States in the nation with over 38 million and would reach up 50 million in the next decade. California is the eight largest economies in the World. It is the largest U.S State of population and is one of the third-highest jobless rates in the nation, in the past years. We are facing with many critical problems right now. From State Budget deficit, less tax revenue, high rate of unemployment to higher energy prices, which directly translates to a lower standard of living, also affect to all businesses with the overhead expenses. Beginning 1996s, California has been losing its control in energy, and has a shortage of electricity during 2000-2001. Home foreclosure was a big collapsing in California, just a comparing in 2006 and 2007 over 400 percent increasing, it reaches over 1.5 million homes be forced in foreclosure in the last 3 years, from 2008-2010. American family living standard has been declining so it was sending more families into extremely poverty. The most serious problems that American homeowners have losing gradually its home equity and their saving account have also been nearly exhausted. Either to rescues our national crisis economy system and California itself, we all must carry out this 9-point plan seriously and strictly. We could not sit idle, to leave our State in the bad situation but act quickly and smartly. I carefully present this plan and call upon you to study and to realize it. We are all sure California will come back the stronger and the prosperity under your leadership. We have all profuse resources and the ability from manpower with high skilled forces, technologies, great nature climate, rich land and capacity. Although we have lost million manufacturing jobs in the past years but we should look for the bright future and create a new environment, new industries not only for our better living but working place. Investment in clean energies to high speed rail systems to high technologies, biotech, and infrastructures… We already could rebuild Golden State by creating million new jobs in many years to come in these industries. We also should reform out-dated regulations, education and health care systems; restructure our State government as well.
At currently California State is facing worst unemployment crisis, over 2.1 million hard working Americans without job, reaching at 11.8 percent, the highest level in more than 30 years. This is an alert, the State priority to open wider, new industries, make attraction new investments to California so you could create jobs and make California comeback to work. When we can produce working manpower resources and reducing jobless rate to 4.5 percents at normally, then we can be benefited from income tax revenue and balance the State budget deficit. The California has to make itself as a better environment for living, stable for jobs and businesses as wells. Once you make it happens, you surely can see the light at the end of the tunnel that means a lot more people will prefer to come here and do business here. We must need not only public sector but private sector. This will be a promised land for all new investors with diverse enterprises. During 1848s to 1855 people traveled to California for Gold Rush movement from over everywhere. Today, we make an announcement to all people on the World, we are not only Golden State with Gold Rush but we have resources more valuable than gold. Every Californian should be proud and take a responsibility to rebuild the State, contribute your wide-knowledge, education, inventions and energy to the lovely State. State authorities also got to realize their leadership to face and fix the real problems. This is a must to do. Not only Americans but Californians are proud of its independent, hard working; working valuation therefore we could not afford to lose it except we are out of patient and reason. To take the prosperity to each single hard work family back, we must create good paid-jobs, high-technology jobs equivalent with their own high skills and education. We have already spent billions of billions dollar of each year budget to provide high education, training, opening new schools to own fellow young Americans. We produce so many PhD, MBA; engineers each year from all over our educational systems but we leave the most important economical key in which we have not created enough good jobs for those graduates. Could you image if you invest ten and ten thousand of dollars for your children education and career but he/she could only find a less skilled job after their completed school. Beside, many students have to borrow a hundred thousand dollars to pay for their doctor programs from loan and institution fees. Absolutely, we lost this huge investment. This was a so regret and concerned issue, it was also not easy to solve but we could not either leave it alone, but act.
We have completed many great results in the past decades from chemistry, biology to technology and science… We have also been inherited a temperature climate, good weather, skilled workforces. We are once one of richest States in the nation, an innovative one but we now have a deeply in financial crisis, job problem and budget deficit, up 20 billion annually. To create a new life to California’s politic and economy; we need to apply a political system and economic system with a clear, reasonable and efficient regulatory system where every people can find a common law to live and to contribute. We should not have an environment where people gradually to move out of the State to seek a new land for their family and businesses. Why it is not here at their first choice? Remembering the economic environment has been changing over time, we must realize to be in a competitive position. We should be a first pick in their mind to make a decision, the State competitive with neighboring States for a better living standard. We need a determined and responsible State Government who can lead us and carry this 9-point plan in an effective, efficient way to build a new California. At this time, we all know this is a big and difficult effort, but we should not afford to leave it aside. We have a choice to chose, to take a leadership role in driving our national economy system out of critical time. Time will be not waiting for us, each hour and each day was elapsed we will face a big lost to our generations.
1. Corporation tax reform and Welcome Packages: The corporate tax rate is the second highest on the World. We should have created an incentive package to attract any new investors from foreign or other States within America. We should reform corporation tax to stop jobs outsourcing from big corporations to oversee. We need to take responsibility in limiting other lobby organizations to interfere our State Economy system. We should reduce troublesome and impractical regulations to open a new and wide path for private sector to grow. The high cost is an obstacle for all those corporations and small businesses to be healthy in doing business.
2. Small Businesses: We have more than 3.3 million small business operations in California. One of the problems that most small businesses has been facing very difficulties since the economy downturn, that creditors and lenders has been tight their lending, more regulations on the loans, some also freezing of credit markets to loan-seeking businesses. In addition, more residents and businesses ownerships in California have been erased their equity or and their credit line were set lower that also was an obstruction for borrowing fund process. These issues above made more difficult for our economy growth. This will create a domino effect for all, individual and business.
First, we need to make all regulations to be more flexible, better conditions from opening business license, taxes and others requirements and create more incentive packages to support small business. Second, we need create a healthier environment. Third, we must work directly with bank systems to promote and give access to small business with loan programs.
We must focus on to assist those small businesses all over the State. Small businesses are a matter of economy growth. We can lower their tax rate and provide more resources. It is more important that successful small business has access to credit in order to grow the economy and create jobs.
3. Promote Clean solar energy entire of California landmark: There is still a high cost what can we bring the cost down that every home in California can afford this reliable energy system. We also need an efficient fuel for an automobile. We need to make it available for any home. We can produce solar energy with lower costs, not only for residential but business as well. There are a lot of Residents and Businesses in California are still not to be aware well about Solar Systems. There is not enough information that would promote and give a clear explanation about how Solar system works and its benefits. We need to change it in the right direction. We also need to provide enough education, training to the labor force into this new expanded clean energy industry.
State Government must drive this clean energy policy to Residential and small business. Each city also needs to promote this policy to their own local businesses and residences as a gas station casino, public buildings as libraries, and parking spot… This promotion indirectly will also create jobs and help us to cut imported oil. This is a very clear policy, to help our nation to be independent on energy source. We need to be a first state of clean energy provider.
4. Maximize using public facilities and Save to create: making use of public facilities and services effectively and efficiently. If we can make it happens, we can save a lot of fund every years from built new buildings. We have to restructure its government. Making our Government more efficient and effective organization, to apply technology, reduce or relocate manpower resources to other area.
5. Make our State tourism industry stronger: It has been mention above about the natural sources, the beautiful weather, the diversity culture and our potentials to expand our tourism industry. We must realize this is not small industry if we know how to maximize our capacities.
This industry also can create a thousand more jobs, from accommodation services, restaurant, entertainments, retails, transportations. Our tourism department will not only focus on northern America tourists but Asia and Europe as well.
6. Jobs for young’s and student: Manufacturing jobs, summer jobs, part-time jobs are a part of our economy system. Past 20 years, when we still have these strong job markets. It not only make our economy growth and stability but it also helps our Young's from high school, gradual school to practice a part of their life path at the beginning, and know how to contribute their labor and skills to the society. We should create a new environment that can help out to make these jobs alive again. Whenever we can make a new industry, then we can have a manufacturing jobs comeback. We must be proud and relive our "Made in U.S.A". We have left it aside for many years. Our products, from a bit of gum candy, Levis 501 jean, to a can of milk and so on. The WOLRD once loves our products, manufacturing from onshore USA. One again we will become largest consumer products to exports all over our great merchandise to every corner of this planet. We need to limit import cheap but less quality products from overseas and expand our high quality products export. We also need to create and promote a new brand" Made in California"
7. Always to maintain the high productivity in the first place: Keep high productivity is always important key to remain as a growth and a strong economy. We continue need high technologies and new ideas. We must face the realities and problems that many public agencies have not much care about their operations effectively and efficiently. We must change, not from the operation systems but also from human attitudes.
8. Spending rightfully and smartly: Every free-market economies are always look at consumer spending statistic and gross domestic product to measure its economy growth or decline. They also have been controlled by inflation and deflation, import and export. Spending is not always right to help the economy growth. If there is an easy way of spending in which is not healthy for our economy, we need to save money too. We need to control and budget our spending smartly and rightfully. Both our government and consumers are facing the difficult time right now. The American living standard is the decline by days. We keep borrowed and borrowed to tolerate our irresponsible spending while we could not make enough money; we lost our income tax revenue by years. We need to learn how to" save to make" again. We should care for our next generations from now. We need to educate consumers on the impact of bad spending habits. We must encourage them to save as much as to make a healthy environment not only to the family unit but society and economy system. Study and apply State and federal funds in the right projects where can create jobs immediately and where can produce high productive, and where can save us money with a high percentage of return. Spending rightly and smartly, take it’s responsibly seriously and make a decision upon the best interest for State benefit, not for any individual or interest groups. In last many years, we have a big irresolution in our State spending system. We need to face with the real problem we have been carrying on many years and find the best solution to solve it. We could not afford to ignore.
9. Maximize FED fund sources: We are not only to promote our investment plans, opportunities, ongoing projects to rebuild California to the private sector, public sector, overseas investment funds, but also to our Federal Government grant funds. We got to know that each fiscal federal budget year will rise up thousand of billion dollars. We want to get a fair share for each State tax dollars contribute back to Federal. We need to study and well-prepare each single Federal projects that we can determine our eligible to get grant funds from Federal. We should establish an analysis system so we can allocate the federal funds from each single program and keep tracking each correctly and effectively. A system could help State Government and other State agencies are side by side to work together and to share information, to verify all available grant funds from Federal Government. A system could also help State Government monitor all other state agencies received funds from fed also can control and balance State funds run out to these Agencies.
We could lose a billion of billion in a fair share in the past decades while we need it to invest in our State economy; we need it for our budget deficit. We have to put a straight policy in place to give support and to lead the State departments and State agencies how to maximize applying the Fed resources. This we also called "Save to Make".
Thank you for taking the time to study and to promote my ideas to Our Golden State. We must make it happen in the right and determined direction for the rebuilding California.
San Jose, August 2014
