The USA and the world has experienced one of the roughest economic downturns since the 1930's. We all know why it happen and the causes. Politicians feel they are the only ones who can solve the problem and many think that the State has all the answers.
Our socialist President believed that massive public works, large cash infusions through social programs and more regulation will cure the problems of the downturn. This President says that massive State spending are investments, yet we know it is the expenditure of money that the State does not have and must borrow. To pay off this debt, the State must raise revenue through taxation. Taxation is the confiscation of wealth by the State in order for the State to provide many necessary and unnecessary services that it provides.
Adam Smith in his book "The Wealth of Nations" explains how a society creates wealth through the commerce of goods and services that the society needs to grow and prosper. Wealth is created in the private sector through commerce, wealth has infinite dimensions. The creation of wealth allows a society to create jobs for all members of that society.
I will admit the State provides very necessary services to society such as national defense and overall public safety. Those individuals involved in the defense of our country and protecting our safety do an admirable service and need to be respected.
But, if a society wants to create jobs for its members then a vibrant private sector is needed without confiscatory taxation and unnecessary/burdensome regulations administered by bureaucrats that produce nothing for the society.
Mitt Romney was a successful venture capitalist that through investments created wealth and jobs for the society. Bain Capital did reap many rewards, yet they did place themselves at risk in order to reap those rewards. President Obama insults these firms because in some of their endeavors, businesses were closed and jobs were lost in the process. Yet, they produced a net gain in jobs and allowed for some very successful businesses to come into being. Staples is a successful business and provides many of the products that we need to conduct business in our economy.
Our employment will increase when the society feels confident that if they place capital at risk and they have a good chance of success. But, we have a President today that wants to confiscate wealth from the successful and have the State decide what is the best for individual. Obamacare is a good example of how the State will decide what is best for individual without allowing the individual to decide what is best.
The re-election of Barack Obama and a liberal Democrat majority in Congress will lead to a further stagnation of our economy, increasing of the US Government debt to levels that will cause a default of that debt and the creation of a nation where the people will be dependent upon the State for their daily needs of food, shelter and clothing. Barack Obama and his lackeys want their "socialist" utopia which will never occur. Look at China and Russia as they abandoned their "socialist" utopias and embraced the ideals of the market economy. Barack Obama and his cohorts have no idea what it takes to grow an economy but they do have an idea how to create a State where they will have all the power to control society.
So, we want jobs in our country, then the let the entrepreneur thrive, take risks and create wealth. That entrepreneur will create jobs which will allow for an increase in society's wealth and the circle of economic growth will continue. Taxation and regulation will not help the job situation, only political leaders that will lower taxation rates, lower State spending and remove burdensome regulations will improve the job situation.
We know the choice facing us, an American capitalist that believes in the abilities of individuals to make the right choices or a Marxist that believes that the State must rule people's lives.
Saturday, May 19, 2012
Saturday, May 12, 2012
Re-Distribution of Wealth
I do not understand how something infinite can be "redistributed". I wonder how a President of the United States can believe that increasing taxation on the economy will create growth in that economy. I also wonder how taking the wealth of the successful by the state will improve the people as a whole.
I ask these things because if we look at history and we see that when the state confiscates the tools of enterprise, the population begins to experience the effects of poverty in a short amount of time. Of course, the elites of these states will not suffer any adverse effects of these confiscations due to their status in the state. Examples are numerous, North Korea, the old Soviet Union, Nazi Germany and numerous other states. Interesting is that with the economic changes in China, that when the forced confiscation of the tools of enterprise was abandoned, the wealth of the society increased. China has embraced the key tenets of the market economy and you see many people leave the throes of poverty.
Barack Obama, the current President of the United States has proposed the "Buffett Rule" in terms of taxation. The rule demands that people earning over $1 million dollars on an annual basis must pay a minimum of 30% of that income in taxes no matter the source of that income. President Obama states this will reduce the deficit and make the successful pay their fair share. The majority of people that earn over $1 million dollars create jobs through their economic activity. President Obama has never created a job, excuse me he did when wrote his books and they were sold. Yet, he has never really worked in the private sector for any great period of time like his Republican opponent. Mitt Romney worked for many years at Bain Capital which saved a number of companies that eventually created thousands of jobs. Sure, in some of their enterprises jobs were eliminated but Bain Capital had a net creation of jobs. These jobs in the private sector created wealth, jobs in the public sector do not create wealth in a market economy. The public sector has its place in a market economy as many necessary services such as public safety and national defense which are performed in the USA at a high professional level for the most part.
The re-election of Barack Obama coupled with a return of liberal majorities in the houses of Congress will in four years create an agrarian subsistence society in the United States. I might be a little dramatic at this point, but this President has led the efforts to having trillion dollar deficits and a massive increase in the US national debt that will reach a point where it will never be repaid.
The solution is the election of Mitt Romney coupled a Tea Party influenced Congress that will cut spending on worthless programs, rationalize government revenue that will reduce the deficits and reduce the debt level of the US government. Libertarian thoughts about the true purpose of the role of government need to be implemented in order to reduce the role of government.
Another thing, Ronald Reagan led the efforts to eliminate crazy deductions in order to reduce the income tax rates to something more reasonable. Remember, we had a top rate of 90% in the past and an even more complicated tax code than we do today. Further simplification of the tax code will lead to lower rates and better rationalization of revenue needed to meet the obligations of the Federal Government as stated in the Constitution. Ronald Reagan was not a wide eyed socialist like President Obama likes to say, Ronald Reagan believed that the solution to problems was not the government but through individual efforts you get solutions.
Re-distribution of wealth as stated by President Obama will do nothing more than create more poverty, greater unemployment and social unrest. If we are given the opportunity to create more wealth and if more people get involved in wealth creation, the wealth will be distributed for all to reap the benefits.
I ask these things because if we look at history and we see that when the state confiscates the tools of enterprise, the population begins to experience the effects of poverty in a short amount of time. Of course, the elites of these states will not suffer any adverse effects of these confiscations due to their status in the state. Examples are numerous, North Korea, the old Soviet Union, Nazi Germany and numerous other states. Interesting is that with the economic changes in China, that when the forced confiscation of the tools of enterprise was abandoned, the wealth of the society increased. China has embraced the key tenets of the market economy and you see many people leave the throes of poverty.
Barack Obama, the current President of the United States has proposed the "Buffett Rule" in terms of taxation. The rule demands that people earning over $1 million dollars on an annual basis must pay a minimum of 30% of that income in taxes no matter the source of that income. President Obama states this will reduce the deficit and make the successful pay their fair share. The majority of people that earn over $1 million dollars create jobs through their economic activity. President Obama has never created a job, excuse me he did when wrote his books and they were sold. Yet, he has never really worked in the private sector for any great period of time like his Republican opponent. Mitt Romney worked for many years at Bain Capital which saved a number of companies that eventually created thousands of jobs. Sure, in some of their enterprises jobs were eliminated but Bain Capital had a net creation of jobs. These jobs in the private sector created wealth, jobs in the public sector do not create wealth in a market economy. The public sector has its place in a market economy as many necessary services such as public safety and national defense which are performed in the USA at a high professional level for the most part.
The re-election of Barack Obama coupled with a return of liberal majorities in the houses of Congress will in four years create an agrarian subsistence society in the United States. I might be a little dramatic at this point, but this President has led the efforts to having trillion dollar deficits and a massive increase in the US national debt that will reach a point where it will never be repaid.
The solution is the election of Mitt Romney coupled a Tea Party influenced Congress that will cut spending on worthless programs, rationalize government revenue that will reduce the deficits and reduce the debt level of the US government. Libertarian thoughts about the true purpose of the role of government need to be implemented in order to reduce the role of government.
Another thing, Ronald Reagan led the efforts to eliminate crazy deductions in order to reduce the income tax rates to something more reasonable. Remember, we had a top rate of 90% in the past and an even more complicated tax code than we do today. Further simplification of the tax code will lead to lower rates and better rationalization of revenue needed to meet the obligations of the Federal Government as stated in the Constitution. Ronald Reagan was not a wide eyed socialist like President Obama likes to say, Ronald Reagan believed that the solution to problems was not the government but through individual efforts you get solutions.
Re-distribution of wealth as stated by President Obama will do nothing more than create more poverty, greater unemployment and social unrest. If we are given the opportunity to create more wealth and if more people get involved in wealth creation, the wealth will be distributed for all to reap the benefits.
Saturday, May 5, 2012
The Choice
In November 2012, the American people will have a choice of what they want for the USA.
We have an incumbent President that is nothing more than a Marxist, if given another four years and if he has a compliant Congress led by the liberal Democrats, we will see the implementation of socialist policies that will bury the American in an unsustainable National Debt and lives ruled by the directives of government bureaucrats.
On the other hand, we have a Republican nominee that has not inspired the base of the party, as yet. Mitt Romney has a proven track of successfully leading many enterprises to success. We must not forget that he led the efforts to rework the Salt Lake City Winter Olympics from a sea of corruption and bankruptcy to a grand success with a financial profit!
Sure, Mitt Romney signed the state law that created a state wide health insurance scheme for the state of Massachusetts. Remember, the 10th amendment of the United States constitution allows individual states to do such things, NOT the Federal Government!
But, Mitt Romney with the help of a Republican lead House of Representatives and Senate will be able to repair the damage of the last four years and bring our country into financial order. I believe that if Barack Obama were to win re-election in November we will suffer tremendously in this country.
So, I as an American voter will vote for Mitt Romney for President and for Republican candidates across the board. I will support Tea Party candidates as they have a vision of a USA that will come back to the foundation laid in the constitution.
Furthermore, I want the Republican Party to be further reformed for what I call the "Ron Paul Revolution". I do not agree with many things of what Ron Paul supports but the foundations of many of his views are sound. His view on eliminating the Federal Reserve and returning to the Gold Standard is impractical in reality, it does however have some good foundation in that the US Government must live within it means. The USA must have a sound foundation our economy to be stable and grow in real terms. The "Ron Paul Revolution" in the Republican Party will bring the party back to its foundation of limited government and individual choices and freedom.
I will keep writing articles focusing on specific issues during the course of this campaign. My articles will point out the what we need to do as a nation in order to enable our republic to continue.
Thank you for your time.
We have an incumbent President that is nothing more than a Marxist, if given another four years and if he has a compliant Congress led by the liberal Democrats, we will see the implementation of socialist policies that will bury the American in an unsustainable National Debt and lives ruled by the directives of government bureaucrats.
On the other hand, we have a Republican nominee that has not inspired the base of the party, as yet. Mitt Romney has a proven track of successfully leading many enterprises to success. We must not forget that he led the efforts to rework the Salt Lake City Winter Olympics from a sea of corruption and bankruptcy to a grand success with a financial profit!
Sure, Mitt Romney signed the state law that created a state wide health insurance scheme for the state of Massachusetts. Remember, the 10th amendment of the United States constitution allows individual states to do such things, NOT the Federal Government!
But, Mitt Romney with the help of a Republican lead House of Representatives and Senate will be able to repair the damage of the last four years and bring our country into financial order. I believe that if Barack Obama were to win re-election in November we will suffer tremendously in this country.
So, I as an American voter will vote for Mitt Romney for President and for Republican candidates across the board. I will support Tea Party candidates as they have a vision of a USA that will come back to the foundation laid in the constitution.
Furthermore, I want the Republican Party to be further reformed for what I call the "Ron Paul Revolution". I do not agree with many things of what Ron Paul supports but the foundations of many of his views are sound. His view on eliminating the Federal Reserve and returning to the Gold Standard is impractical in reality, it does however have some good foundation in that the US Government must live within it means. The USA must have a sound foundation our economy to be stable and grow in real terms. The "Ron Paul Revolution" in the Republican Party will bring the party back to its foundation of limited government and individual choices and freedom.
I will keep writing articles focusing on specific issues during the course of this campaign. My articles will point out the what we need to do as a nation in order to enable our republic to continue.
Thank you for your time.
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