Fixing the Economy
Something so simple for
someone with the “balls” to take on all the crooked politicians throughout this
country, yes all fifty states.
It takes taxes to keep the
government running; it also takes taxes to repay the monies we (The U.S.) have
borrowed up to now to pay for the mismanagement of government. It takes taxes
to pay for disaster relive whenever we have a large scale disaster mainly
caused by nature. We also need our military to protect us, (not other
countries) and that is paid for with tax money and finally there is the poor in
this country, a number that keeps getting larger every day, and when the
government gives us assistance that money also comes from taxes. There are
other services like border patrol, police, fire fighters, etc that also are
paid from taxes; most people don’t stop to think how wide spread a government
expense obligation is and how if not managed correctly, very quickly you run
out of funds to keep the country going.
Where do taxes come from?
Well, taxes come from different sources and I will give you a few examples:
Income tax, sales tax, property tax, etc.
Starting with the obvious,
income tax: if you have ten people unemployed for any length of time here is
the consequence: being that they are not working, they are not paying income
tax, they will collect unemployment which some think is all paid by the
previous employer, it is not. Part of that unemployment check is paid for out
of tax money, especially if there are extensions of benefits, and lately there
have been at least three or four. Let’s say that one out of the ten people
unemployed one has an accident or simply gets seriously sick, since they are
unemployed more than likely they have no medical insurance, so the hospital
doesn’t get paid and at the end of the year deducts the debt from the taxes
they are supposed to pay claiming a loss and therefor giving less to the government, or if
the government pays for the hospital bill, it does it with tax money, and since
the government does not pay the full amount charged by the hospital, the
difference is still claimed as a loss.
So now let’s suppose that
each of these men were paying in income tax, now being unemployed not only they aren’t
paying in, but they are drawing about four times as much as their contribution
would have been, not only that, but since they have no money to spend, they are
not making purchases that would bring in sales tax, and after being unemployed
for too long, they will lose their house as it’s happened to so many Americans
therefore not paying property taxes and creating a supposed loss for the banks
holding their loans.
If you notice allowing our
citizens to remain unemployed snowballs crippling our economy even deeper,
because not only is the effects of the cash money not being paid in taxes and
the money being paid out to help the unemployed, but since they are not
consuming as much, other employees in other businesses will lose their job as
they are not needed being that the demand on them has lessened.
Multiply the above by three
or four millions and you will arrive at our present state of despair.
At the time our economy begun
to deteriorate it became public that it was the banks and financial
institutions that actually caused the economic breakdown of our way of life,
and being that those same banks and financial institutions own the
politicians, those same politicians were quick to recommend the bailing out of
the banks with stimulus money that came out of taxes, regardless of whether we
borrowed it from China or had it stashed under the mattress, the money was from
the tax payers. Now most, not all of these banks that were so eager to take the
money and profit with the suffering of the average American paid the money
back, but now and for the past year have refused to help our economy by refusing
new loans, repossessing property that they themselves inflated the prices in
order to make their profits bigger, and prevent small business owners to expand
by not wanting to give out money necessary for the growth of these small
businesses.
One good idea that will never
happen is: force the banks to bail out the country as we bailed them out.
Another good idea that also will never happen: the government should take
ownership of the banking system. By the way, these same banks that were robbing
us blind for years finally had someone (Obama) stand up to them and limit their
reckless dipping into our pockets, so now they are coming up with new gimmicks
and charges, just like the airlines. Apparently the people of the United States
and the world for that matter have forgotten that banks use our money to
survive, to make loans, to purchase property. You want to help our economy?
Withdraw every cent you have in the banking system, no matter how much or how
little you have, and tell the banks how you want them to operate; believe me,
when the banks find themselves without funds to do business with, they will do
whatever it take to fix their economy. I don’t know when it happened
that the people became so stupid as to give an institution money to operate and
on top of that paid them to use their money.
If the first stimulus money
had been given to the average American that was in financial trouble and
distributed equally among them, not the investors, but the average head of
household or small business owner, the economy of our country and the world, would
have flourished and there would have never been a need for a second stimulus
package nor a third, or any other emergency measure.
The powers that be own this
government and have in reality never lost any money, in fact they are richer
now than they ever were and it is the average person that is suffering the
consequences.
Many, many other things can
be done to fix our economy, but none will be implemented so long as our
representatives and our government is corrupt. It will take a very long time to
get out of the slump we are in.
Jorge
