posted on May, 20 2013 @ 10:17 AM
The article is well-written and points out some obvious flaws of the system.
Just a couple of remarques from non-US perspective:
1) The taxes are signifantly lower in US than in other first-world nations. Here for example I am paying over 20% sales tax, 21 % income tax, 33%
social security tax etc etc.
2) Inflation is mostly not done by government or even the entrepreneurs. In the last years the prices of much raw materials, especially food have
risen. It costs more for the producer to make something, so the price they sell it at rises. The chains have to pay more for the products they buy, so
they have to raise the prices also. At least it is like that round here. My friend is working at one of the largest foodchains, so explained it to me
quite well. The profits are not high and US consumer prices are signifantly lower than round here. Lowering prices is also not possible, as in US the
chains earn from the number of people buying the products. The stores can earn same amount as here, with 50% lower prices, so the prices are pretty
much as low as they can round there. Earning a couple of cents from every product makes the profits, as so much is sold.
Although I would not be very surprised if the game was rigged upstairs, the price of the raw materials for making something.
The government spending seems really too high, especially looking from here. The spending is extreme, considering how much is spent on military and
different other fields without getting much back. The spending in education is nearly 1,3x higher than elsewhere, but results are weaker. Too large
part seems to be wasted. Hard to judge though, as I am not from US, just lived there for a while some years ago.
edit on 20-5-2013 by Cabin
because: (no reason given)