Unfortunately many uninformed Americans are taken in by LEFTIST deceit, so skillful at acting out Willful Misunderstanding, along with a serious helping of economic illiteracy.
Yet the drumbeat of victim hood, by Democrats and a Media interested only in Nanny-State-Activism, each under the guise of compassion, only reinforces this irresponsible behavior, encouraging its continuance.
We first must pay a hefty amount of our daily labor supporting these individuals, while simultaneously, the nation is robbed of their productivity and contribution to society, not the least of which is government revenues.
JFK Prioritized Free Market Success First and Foremost
JFK’s legislation, immediately out of the box, emphatically stressed the need for government, to limit spending to necessities, making clear the absolute necessity of maximum investment capital remaining in the private sector to spur growth.
“It is a paradoxical truth,” he told the Economic Club of New York, in 1962, “that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now.
The young President proposed “an across-the-board, top-to-bottom cut in personal and corporate income taxes. “
(Tax cuts also for corporations, those evil entities that hear the constant vitriol of President Obama and those on the left.)
Again Economically Literate, no class warfare, no Willful Misunderstanding.
Today’s elected Democrats, constantly rely on phrases like “those without a voice” “those who can’t help themselves” (unless they’re in–utero) and “the working poor.
As to the working poor, does anyone know, even 1 American who has made responsible decisions in his/her life who is actually poor and stays so.
Our so-called poor, have more living space than “average” Europeans living in Paris, London, Vienna, Athens and practically every other European city.
There is just a tiny degree of destitution, in America and almost no undernourished adults or children, except for very short periods and among very, very few.
Economics In One Lesson
One of the most widely read and respected ECONOMICS books, over the last 30 years is Henry Hazlitt’s ECONOMICS IN ONE LESSON, in which
the basic economic principal is, benefits must be lasting and serve all groups equally, examples of redistribution of the earnings of those who actually pay net taxes has become egregious.
A blatant violation of Hazlitt’s basic economic principal to an almost unimaginable degree. Results from most government projects today
give the appearance of being a plus but often in the long run, result in a negative from a cost/benefit analysis.
Public Employee Unions
Federal civilian workers earn more than double the amount of those who pay them–private sector workers.
Public employees salaries and benefits represent a whopping $200 billion dollar plus drain, on the federal treasury.
February 2010 data shows that in this deep recession the Obama Administration has added, more than 143,000 NEW federal civilian workers, now averaging above $110, 000 a year in salary and benefits and of course 143,000 new Democrat voters.
At the beginning of the recession, the Transportation Department had one person making $170,000 or more a year; now it has 1,690 making that.
Low Income Workers
Low levels of parental work and high levels of out-of-wedlock childbearing with accompanying single parenthood, resulted in redistributing $714 billion in welfare (means-tested programs) in 2008.
What is the equation here? 16 hour work week=little earnings=much welfare.
promoting soaring, out-of-wedlock childbearing in low-income communities.
President Obama’s special interest, reckless spending has outraged the American population, including overwhelming numbers of unaffiliated voters, to the extent that even the solidly Democrat state of Massachusetts, rebelled when it elected a Republican to the seat formerly held by Ted Kennedy.
His speeches and statements can be found everywhere, proving it.
Obama promised to triple the Earned Income Tax Credit, which would take the maximum benefit from $5663 to $16, 989.
This would simply take $16, 989 from someone who earned it at work and give it to someone who did nothing to actually earn it–absolutely nothing.
Obama wanted to raise capital gains tax rates, stating that historically, when rates rise, revenues to government decline, and that always, when rates dropped, revenues to government increased:
The president told Gibson, what he would later tell Joe The Plumber–it was a matter of fairness.
The so called-Stimulus Package has given us new Orwellian 1984 NEWSPEAK (Saved Jobs).
It will more likely drain wealth, causing a shrinking pie for an expanding population.
There must be a way, America can work on helping these groups end their economic illiteracy, along with the practice of willful misunderstanding.