Politics obviously is on the minds of many and there are a lot of manipulative sarcastic remarks postulated by both major parties. Lets not be naivete or foolish when it comes to the problems we face as a nation. First, the single greatest problem our nation faces is getting it’s financial house in order. I have often heard people suggest that we need to increase taxes, especially toward those with larger incomes to abate the deficits we face. The trouble with that theory is the size of each annual federal deficit far exceeds any percentage of tax which can be levied. Our greatest collective challenge as a people is to curtail programs that aren’t absolutely essential and reduce expenses across all areas.
Next, we have to stop promoting envy amongst ourselves of those who have higher income. No matter how much the media and politicians pander to the masses about those with high earnings, it is they who contribute the largest amount to federal tax collection. There are compelling reasons to taxing capital at the same rate as labor, but to automatically assume the wealthy aren’t paying their fair share is to assume too much without looking at the complete financial picture. Clearly someone with low income can’t provide the financial resources for supporting the vast budget necessary to run this country. The often used derogatory expression of ‘trickle down economics‘ as an explanation on how a free market economy works is foolish. Clearly those who earn low income can’t employ other workers in any enterprise. It is only those which plan and execute a business structure with sufficient income to meet the needs of supporting others, are the people putting this nation to work. In suggesting the federal government should equalize income through some type of fairness structure are only promoting disaster. This is utter nonsense; any government which attempts to apply Robin Hood principles of financial rewards becomes more totalitarian over a period of time. You can’t help those less capable income earners by penalizing the more successful. Those which produce eventually become disillusioned supporting those which apply little to no vocational effort.
Finally I’ve read the Democratic administration not only blamed the previous Republican administration for the financial mess but continues to suggest the Republicans prevented them in executing a plan to recover financially and pass reasonable budgets. Examine which party controlled Congress from 2007 going forward? Look over the past 60+ years and you will see the Democrats have been in control most of the time. The media portrays the Republicans as spoilers. In 2008-2009 the Democrats had a super majority with enough votes to set aside any Republican opposition. In 2010 this was changed by midterm elections but the President had ample opportunity to set an unstoppable agenda. So lets quit fixing the blame and start fixing the problem(s).