hedge wrote:One thing that isn't mentioned much is that those 100 million people who don't pay taxes or are getting some form of assistance (of, if you insist, welfare) are all still buying stuff. Whatever little money they have that they don't have to spend on food or housing or whatever is getting churned back into the economy. If those 100 million people are spending, say, $10,000 a year of stuff, that's a trillion dollars going back into the economy. They're buying stuff so that people like you can have a job making it. You may be disgruntled that you're working and they're not, but you're being rewarded for that, although evidently not nearly as much as you think you should be. As for the quote about "once the majority figures out they can vote largess to themselves, there's always the "let them eat cake" alternative, but we've seen how that one turns out time and time again in history. I suspect that the economic overlords have figured out that that is definitely not the alternative they prefer, and I would think the middle class would feel the same way...
yea, but the other 50% are buying $100K a year of stuff.
I'm not sure if you are talking to me or not about the disgruntled that you're working - but that isn't my concern, my concern is how its not sustainable, and using the federal government as a middleman to transfer wealth is asking the fox to guard the henhouse. Its all about becoming independent of government support, and the reality is that 60 million Americans aren't suddenly going to become college educated or a skilled tradesman, so you have to address how to take the skillset they have and make them valuable in this economy. The most obvious solution is to make fewer of them available to the market. The second solution is to create more competing jobs for them as individuals (essentially the same as the first but its about growing the jobs base as opposed to fewer people competing for the same jobs)
The approach by many is to say they are not valuable because they work "entry level" jobs and therefore they should get income stability, healthcare and other quality of life subsidies from the government . If we are talking 15% of the population, OK, maybe that can work , but 35, 40...50? its not only fiscally irresponsible , its socially irresponsible. If 40% of our population is working undervalued service sector jobs, then we need to address what we need to do to make those jobs valuable - not look to the 10% of people who have wealth to distribute it to the masses.
and someone might say but if these meaningless jobs that are intended for high school drop outs as stepping stones to a better job end up paying a living wage, those costs are going to be passed onto everyone, inflation will jump up and they are just going to be in the same position down the road. But the major difference in those issues and taxation is that its a participation on your part. You choose to pay $12 for a hamburger to cover the increased cost of labor in the market. You don't choose to pay higher taxes or take on additional debt on behalf of your government. A key differentiation in a market solution versus a government solution. The federal governments role in the market solution at that point is to enact fiscal measures to control inflation
I like the stinky pinky but only up to the first knuckle, I do not want a GD thumb up there--I've told her multiple times and I always catch her when she tries to pull a fast one---it's my butthole for Chrissakes I'm gonna know--so cut out the BS.