RE: Shutdown - The tea party`s last move?
October 11, 2013 at 4:21 pm
(This post was last modified: October 11, 2013 at 4:26 pm by Ryantology.)
(October 11, 2013 at 3:15 pm)sarcasticgeographer Wrote: Reagan's policies did a lot better than Carter ever did, and Obama is no competition. If you grow employment numbers, then you add your growth. This is simple economics. The federal government has not learned that you if tax people so heavily, companies will be forced to go overseas. This is not rocket science. If you make it so expensive for companies (via taxation), that they find it cheaper elsewhere, they will relocate. Cost is essential for business.
I'm sure this explains why, when tax rates for the richest Americans hovered around 90% and a single breadwinner made wages sufficient to live a middle-class lifestyle (i.e., the 1950s), the economy was barreling and the idea of outsourcing jobs to Asia was virtually unheard of. Whereas in the 2010s, the rich pay a mere fraction of that in taxes, two people working multiple full-time jobs may not rise above the poverty line, and corporations outsource jobs because minimum wage laws don't allow them to pay American laborers 25 cents an hour. Or, do you think it's coincidence that outsourcing became a full-force phenomenon as Reaganomics took hold?
Growing employment numbers means very little when greed-driven corporations (Wal-Mart being an excellent example) pay so little that employees are often forced to resort to government assistance to make ends meet, while the Walton kids make billions every year on top of the billions they already have. I don't know why that seems like a good idea to you, but shit like that is why the economy is in the toilet. Employed Americans can't stimulate the economy very much when they don't even make enough money to cover necessities. You say that's taking away from the rich? Fuck that. I worked for that company for years, and I certainly devoted more of my time and energy towards that company's success than any of the Walton kids ever have. Why should those fucks make billions when people like me, the people who make their fucking business exist, get poverty wages? How is that right?
You want actual economic growth? Enact a minimum wage that puts every American over the poverty level. Not only will this give laborers real purchasing power once again, it will also drastically reduce the numbers of people who need government assistance to get by. Companies who can't afford to pay employees a living wage are companies who can't manage costs properly and shouldn't be in business anyway. It's a fucking no-brainer.
http://youtu.be/QPKKQnijnsM
You need to watch this video, because it demonstrates precisely what is wrong with your approach to economics.
