Seems to me someone in the school system stopped teaching economics...
First of all, those people who make the $1.6 Trillion... how do they do it? Typically they do it by working hard and taking advantage of opportunity.
True, there are some who are taking advantage of the rest of us (try the pharmaceuticals and the banks), but the bulk do produce a product and sell
it. Their money is coming from us
, from every gallon of gas we buy or every bottle of pills we buy, or every loan we take out.
So is this the problem? That they make money from us? Then the solution is simple: stop giving them your money
. Impossible, you say? Then why
do you want to take from them their incentive to provide things you cannot live without?
Secondly, I never cease to be amazed at how easily some will hate the people who produce needed goods and services that are bought freely, but love
those who produce nothing and take what they want by force. That is a pretty good description of the government, you know... they produce nothing, but
they take money in the form of taxes by force. Now that's
who we want to place our trust in!
Thirdly, what jobs will we create? Will it be engineers? What will they be designing? Maybe we could hire hire cooks... but where will they cook? Oh,
well, we can hire builders to build them new restaurants to work in... but where do we build all these restaurants? Maybe we can hire more auto
workers... but who will buy the cars they make?
The point is that jobs do not exist because we want them, but because we need
them. If there is no need, there are no jobs. And that little bit
of wisdom explains what is really needed in order to actually reduce unemployment: Stop killing the need!
Government, that exact same government that supposedly could just take half of the top earners' money and create jobs with no need, has been for the
past few decades actually been paying companies in the form of grants and tax breaks to move to other countries. At the same time they tax companies
at one of the highest rates in the world, further making it look pretty promising to operate outside the US. And while they are busy either raising
taxes, dreaming up new taxes, or threatening to raise taxes, they are also passing regulations that not only make no sense, but cost businesses so
much they can't make a profit.
One such regulation on new industry requires a company to spend a couple million
dollars up front to get an "environmental impact study" done
before they can build a new plant... with absolutely no guarantee they will even be able to build the plant after spending the money! Would you toss a
couple thousand dollars down on a new car if there was a good chance you wouldn't get the car and couldn't get your money back regardless?
So is it any wonder that there are no jobs? That $15,000 dollar a year job actually costs the person hiring you more like $30,000-$40,000! Think OSHA
requirements, FICA taxes (yes, employers pay those too), worker's compensation, unemployment, insurance, and accountants to handle calculating all of
the above. Looked at that way, you are already being taxed an extra 50-60% without even realizing it! You are being taxed through feel-good programs
administered by the government in the name of taking better care of you... and yet people seem to want more.
I'd be happy as a pig in slop right now to make less than minimum wage, just to get something in on a regular basis... but of course, that is illegal
unless I happen to be an
Here's a crazy idea: controlled capitalism made us the largest economic superpower in the world, while socialistic programs have resulted in high
unemployment, bankruptcy, massive foreclosures, rising prices, and more taxes. Let's try going back to controlled capitalism instead of digging the