L.T. Fan
I'm Easy If You Are
- Joined
- Apr 7, 2013
- Messages
- 21,875
I'm not saying wealth should come from government. Far from it. I don't think the economy is wrecked either, since we are still adding jobs.
However I think you overestimate the role of the super wealthy in the economy. Let's not forget that small businesses account for 2/3rds of jobs generated this last year. Small businesses that are perfectly the right size to fail. I am not content with more wealth being doled out to the wealthy from our tax dollars, while the true job creators are left at a competitive disadvantage. How is that capitalism?
How is it that AIG can pay its executives 218 million dollars in bonuses from bail out money, while the formerly middle class (who are suffering from the damage AIG caused) had to move back in with their parents?
I don't propose that the U.S. Tax itself into prosperity, but we are already heavily taxed, the only problem is that we've spent the money that could have gone to benefit the poor and middle class, and redistributed it to the very most wealthy.
Economic safety blankets are beneficial to the economy because it allows people who might otherwise end up homeless pull themselves out of poverty. We scream socialism, but how much would we save if people were actually able to go to the hospital without going bankrupt? If college students could actually buy homes instead of paying down 5 figure student loans. if the bridges, roads, and highways were actually modernized to facilitate the amount of traffic that travels across it.
Government can't create jobs out of nowhere but it can enhance the economy by investing in the American workforce.
Obviously I will never make any inroads in this discussion regarding government's role in the economy with you because theoretically in this system they have no role in the economy other than overseeing the money supply system through the Federal Reserve. In a Capitalistic system the federal government is not to utilize tax dollars for economic investment. Those funds are supposed to be utilized for governmental services to the public. The last sentence is what gets abused by Congress but even so compounding it with addition abuse in the name of economic justification is never supposed to happen.