Democratic Forum

As I write this, I am watching the MSNBC AFL-CIO Democratic forum for the working and middle class. I’d like to highlight a few points.

The democrat candidates believe the way to “step-up” the middle class you must penalize the upper class, or those who made it on their own. In other words, punish those that create the jobs a.k.a taxation, and reward those who work for their employers.

This seems highly absurd to me.

When you raise the wage, you raise the debt. The American dollar is no longer backed by commodities. Our currency went from being backed by silver, once known as silver certificates (meaning it could be exchanged for it’s value in silver, or other precious metal) to being backed by debt.

If you look at the dollar today, every note is printed: “This note is legal tender for all debts public and private.” no longer do you see the words “In silver payable to the bearer on demand”

In other words, your money is worth nothing, or what the people believe it to be worth. (Also market values and political conditions come into play)

It’s debt

When you raise the wage for the working class, it is true they spend more. This is a good thing for the bankers and loan sharks. The more they spend, the more debit they get in. The more debit they get in, the more the bankers love them. We are a debt ridden society. When you raise the wage, you export jobs overseas. Isn’t it easier to pay an Indian C.P.A. $30,000 rather than an American C.P.A. $300,000?

Believe me, If I were a — or became a — CEO of a large corporation, I would be outsourcing jobs if the liberals were to gain control of the white house and begin toying with the laws. Raising the wage so the poor and middle class can get into more debt, and borrow money for more liabilities like a bigger house, new car etc and tax the businesses is not the answer.

I’m not against the working class, I myself am currently in it. If you gave me more money, I would probably spend it on a new video game or a pack of smokes, all fine and well for a short term luxury when I get bored of my old toys. The answer is education on how to manage money to the point where the middle class can themselves become “rich.” Many people do not have that education. They depend on other people to take care of them. They want security instead of creating a future for themselves. They want their government to take care of them after they retire, and when they no longer make enough money to support themselves, they blame everyone except themselves, for the most part!

Moving on: Tax Cuts

Did you know the tax laws are against you if you do not own a business? You the individual get more money, you get into more debit.

The tax laws are stacked against the individual, except for the business and corporate entities. When the corporations do well, the amature investors have the ability to do well. Products come cheaper.

Individual:

Work > Pay Tax > Spend

Business:

Spend (investors & loan) > Profit > Spend > Pay tax (on what is left)

The tax laws are in favor of businesses that create jobs, and create a cash flow in the economy, not to even being to mention the legal loopholes to avoid tax!

Tax cuts for business are meant to help business expand, rather than punish for being successful. Those that are successful on their own, and build a business are entitled to what they create. A democratic or far left society represses that success. A democratic society neutralizes success… sounds a bit like socialism turning communism to me.

Think of this: If you are a small business owner, a liberal government will tax you at or around 34% if you earn more than $100,000 dollars /year. This is a deadly combination for the small business owner (mom and pop shops) — and does not drastically effect large corporations making billions per year. When you are run a small business owner, $100,000 is not much. Almost all profits will be put back into the business — and assuming you need at least $45,000 to maintain your lifestyle your business is suffering and on the brink of collapse.