In President Obama’s case he just makes money, re-opens failing businesses and spends more than we create or can pay back to china. I think a Economist should be our president and only economist, The presidents use facts from them and depend on them to make sure things are right. I don’t believe I can recall how many times both presidents said they got “analysis economists looked at”. I really don’t understand why they can’t go from deficit to surplus without causing chaos and make this economy a better place for
How about making great increases on taxes for the rich? Wouldn’t that reduce the income from their industries and businesses as well as making it hard for them to maintain all their employees? It’s interesting how the big earners are portrayed as being extravagant, spending on luxurious goods while the middle class who have foreclosures and bankruptcy are only portrayed as caring about their children to go to good schools. Oh! How
He often states that the rich are necessary because they lead our economy and that their money helps them to do so. Then later in the books he calls the rich greedy and that they have more money than enough money for them to have a luxurious life. He is basically saying that while some families are struggling to have at least one meal a day, the rich just save/blow money on useless things. He quotes on pg. 20 that “The poor cannot be expected to save, because they need every dollar for basic needs such as food and shelter.
Meanwhile, the richest Americans continue to expand their wealth. The middle class in this country is dying, while the millionaires and billionaires prosper. More and more people are slipping into poverty, while many Republicans oppose tax hikes for the “job creators”. Paine also describes America as a place free of conflict, and as place where “every difficulty retires and all the parts are brought into cordial unison.” This not only does not hold true today, but it contradicts one of the fundamental characteristics of America: the fact that as Americans we are entitled to disagree with each other and argue endlessly about any given subject. Argument and disagreement are huge part of what makes his country great.
A simple example of this is the concept of that evil, deceptive tax cut. That same party will tell you that the only way to make money from taxes is to raise them until every rich patron of this country is paying an arm and a leg just to stay alive. Not only does this punish the rich for being rich, it is a form of socialism though it's redistribution of money in an attempt to reward the idle for doing nothing, and punish the busy for endeavoring to make money. Doesn't make much sense does
Lewis Lapham, in his book Money and Class in America, describes that Americans focus exclusively on obtaining money. After earning tons of money, Americans buy unnecessary, fancy items such as; fancy cars, designer clothing and over-the-top houses. America seems very “materialistic” compared to other countries where wealth isn’t the center of their world. Lapham is correct when he claims that Americans “are at a loss to hold its [money’s] majesty at bay.” Being a junior in high school, I have had lots of time to think about what kind of career I should plunge into. When choosing the perfect profession, the amount of money is a very important component to me because I want to easily care for myself and those around me.
The video also talked about how the average American has gone nowhere, while the rich are getting richer, and the middle class is getting squeezed, and the poor are getting poorer. So in conclusion the main thing I learned I that wealth is health in America. If you have a lot of money you will outlive those who are not as fortunate, and you will be healthier
Instead of reforming them, the populous that uses this “opportunity” has become so dependent on it that it isn’t enough and now our government is increasing these “opportunities” while America sits in the largest deficit it has ever been in. To really grant them opportunity, they need to be given jobs. However, on the same side of this token we are taxing the employers and cutting down on their funds. This gets rid of jobs; it doesn’t create jobs. It is much like the saying: “give a man a fish, he eats for a day, but if you teach him to fish he’ll eat forever.” Bono from U2 had the right idea.
Businesses would benefit by middle income people spending their wages quickly because of basic needs. It isn’t the rich, or the 1-percenters as they are known for, that makes our American economy strive; it’s the working class that does. The one’s struggling to pay their rent could be the way to a striving economy. Today’s federal minimum wage has eroded over
Plano tends to have one of the highest median incomes of any city in the United States along with a population of 200,000. Yet people tend to stand oblivious to the reality of the low class people. Plano houses many families in deep financial need. A lost job can easily move a family from an extravagant lifestyle to the streets in a flash. There are, however, benefits people can reap through this crisis.