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
Don’t get me wrong, I am for the taxes for the wealthy, but I’m not for exorbitant taxes. Exorbitant taxes are what caused this wealthy rich to take an interest in influencing congress in the first place. Why would they put it back to where it was before and even add more taxes as Krugman proposes? People need to consider a fair amount to tax them so that they do not have to take such drastic measures to get tax cuts or even exempt themselves all together as Krugman notes that other do business overseas to avoid taxes
It was hard enough with just a recession, but now banks are much stricter when it comes to lending. Surveys done show that 63 percent of companies with less than 100 employees are having trouble with credit, 12 percent had to lay off employees because of it, and 1 in 5 of 600 polled are at risk of going out of business in the next six months. In a brief interview with Mr. Paul Braungart III, entrepreneur and president of Regional Capital Group, a commercial real estate lender and investment company based in Marlton NJ, Mr. Braungart explained that the crisis has impacted values of property and the ability to buy and sell. Therefore, no one’s doing anything really, which paralyzes the market because everyone’s afraid to make any potentially risky moves. The commercial real estate market isn’t as bad off as the residential market, but it has a significant ripple effect on the mind state of the nation.
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.
I believe that it would be in the world’s best interest if state governments would hire thieves to steal from the rich and give to the poor. If we hire these daring modern-day Robin Hoods, the rich will have to spend money to replace the objects that were stolen from them. As a result, they are putting money back into the economy for the things that they think they need. This could
Occupy Wall Street Movement Sonya L. Hames BUS 309 Prof. Allen Strayer University November 4, 2012 The Occupy movement’s power comes from a simple moral message: It’s wrong to demolish the world of health and hopes of others. We called the Occupy movement the source of the crises of our time. Wall Street banks, big corporations, and others among the 1% are claiming the world’s wealth for themselves at the expense of the 99% and having their way with our governments. The Occupy Wall Street didn’t start by just demanding change; it also transformed how the 99% see themselves. Many people felt shame when they couldn’t find a job, pay their debts, or keep their homes from being taken was a political
The rich media tycoons pay a lot of money to the government and you can say they have them in their pockets. The media tycoon’s are losing a lot of money per year compared to their profit breaking years in the past. Me being a fellow preacher of gaining knowledge, I find this law extremely false and unjust. The online piracy law that is intact right now states we can only download a copy of something we already have in our possession or its theft. But if we find the definition of theft it includes that while the person has something stolen from them they must no longer have what was stolen.
But, it took years for us to create the mess America is now seeing with these theories in place. We keep making the rich richer, and the poor poorer. America has seen many recessions, while there are no cuts in pay with wealthy upper class America. The cuts hurt most to those who receive them, the
According to Schiller, “when we borrow funds from abroad, we increase our ability to consumer, invest, and finance government activity” (Schiller 263). Many people are for external financing because it allows our real income to exceed the production possibilities curve. This meaning that the government can fund both public and private sectors without cutting back on funds for either. In opposition, there are people against external financing because it serves only as a temporary solution. Foreign investors will not hold onto their bonds forever because they will want to get cash from them in order to purchase more goods and services.
Recession & Unemployment in America America, as a whole, has been under an economic recession for over four years. The government is spending much more money than they are making. The government can always make more money. Many American families cannot see the light at the end of the tunnel. Prices are rising while the family income is not.