Saturday, June 9, 2012

The American Economy

Yes, children, wages ARE stagnant.
Police, firemen, and teachers have lost enough jobs in America to cost our economy a minimum of
$1 billion dollars, plus what interest it could earn, nearly every decade. That can add up, right? Especially when those doing without that money are doing without basic quality of life quantities of goods and services for lack of that money... The absences of it not only add up, but can create generational, community, family, and personal deficit.
Those persons who do have jobs are NOT apt-  under the circumstances of the average citizen having no right or access to the most basic of protections and education-  to get appropriate raises...ever.
That means whatever I buy I have to pay more and more for it each year unless those employed in
service industries get back to work and buy some of it as well. What if I live on a fixed income?
Those people back to work would also help the Social Security fund.
The payroll tax breaks working people got recently, are coming from social safety net tax deductions in ordinary take-home pay from weekly and bi-weekly paychecks. FICA deductions and Medicare
deductions are smaller. So down the line working people will have eaten now so they can starve later.
Who will they have been working for? People who refuse to pay their affordable taxes.
Why should that continue just so 1% of the American population can be assured of paying no higher taxes, and in some cases no taxes at all- and even in some absurd cases,  get tax refunds and continued subsidies galore?

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