Showing posts with label Trickle Down Economics. Show all posts
Showing posts with label Trickle Down Economics. Show all posts

Monday, October 17, 2011

Wall Street Occupy

The Wall Street Occupy group has raised almost $300,000 in funds to support their movement. The group is growing nationwide and has spread to Rome and London. I am sure the U.S. Government never planned on the group gaining momentum like they have. People are tired of the economy and they are expressing their Freedom of Speech. Honestly if I were in the government, I would be worried about the group.


People are demanding change. Most of the big corporations don't even pay taxes. They are supposed to be creating jobs with their tax break in the United States, but they aren't creating jobs they are cutting jobs left and right. In the meantime, the government is taxing the hell out of the working middle class. They take enough taxes out of my husband to support another family on and we are struggling because of it. He gets paid every two weeks and they take as much as $1,000 out of his check every two weeks. That is 26,000 a year in taxes. That is another person's wages. Meanwhile, a lot of these big corporations aren't paying a dime in taxes. Then they take almost half the income of the working class trying to support their families. None of it makes any sense what so ever.

Then there are the ones who can't find jobs. There seems to be a large group of educated experienced people in their late 30's and up who can't find work. It is like we are washed up at 40, if we were laid off. Nobody wants to hire us. We are either over educated for the position or have too much experience. I have been looking for work, it's not easy. The wages are extremely low, less than half of what I used to make before. It seems employers are looking for younger people without any commitments to a family. At interviews, I am always asked how many children do I have and how old are they? A lot of employers don't want to hire women with children. I have worked every since I have had children, it never interfered with my job in the past, so why would it interfere now?

Another thing I hear is, why are you applying for this position when you have a degree in psychology? Why??? Obviously, it is to work is what I really want to tell them. Or another thing I am told is I don't think you will be satisfied with the position, because of the wages. I used to make $20 an hour working full time and now I am applying for positions making $8 or $9 an hour part-time. My attitude is, something is better than nothing, but they just don't seem to get it. I understand that when you are starting over with a new company, you have to work your way up, I am not going to find a job making $20 an hour in this economy. I started with the company in 1999 making $7.50 an hour working full time. Even back then, it was easier to find a job making more than you are now. At least it was full time, giving you more earning potential. That was 12 years ago, it is sad you make more money 12 years ago than you can today.

That is the reasoning behind the Wall Street Occupy. I understand why they are angry. We want jobs, jobs that we can support our families on. The big companies are taking their tax break and using the money to build companies overseas employing people in other countries, not people in the United States. That is not what the tax break was designed for and our government is not stopping them. They are burying the middle class alive. We have spent years of our lives helping these big corporations build their companies and they throw us away like garbage. We are a generation that has dedicated endless hours into investing in our future and we have nothing to show for it. We did what we were supposed to do, we went to college and worked hard to build a future for our families and to give our families a descent home to live in and a chance to go to college themselves. So many of our generation has lost their jobs, their homes and lucky if they even have a place to live. Everything we have worked for is gone and we are still paying the student loans for our education. The government is doing nothing to stop these companies from doing what they are doing. What ever happen to the American Dream? We have lost almost everything we own because of the decisions our government has made and they have the audacity to wonder why are we so angry?

Sunday, September 18, 2011

Obama's New Tax Plan

Monday Obama is going to call for a new minimum tax rate for anyone earning more than a million dollars. Obama wants to raise the percentage of the taxes that millions pay to the same as the middle class wage earnings. Obama is calling the proposal the "Buffett Rule", after the billionaire investor Warren E. Buffett who complains about America's richest pay a smaller percentage of taxes than middle class wage earners.


It is about time that someone has figured out that the "Trickle Down Economics" does not work. America's wealthy are taking the money they are saving on taxes and using the money to build the companies overseas. It has never made sense to me why the middle class pay a higher tax rate than the wealthy. It has come to the point where it has become very difficult for the middle class to survive, because they are killing us in taxes. America's middle class are struggling to survive and losing their homes and jobs left and right and they are driving us right into the ground with taxes. If something doesn't change soon there will no longer be a middle class we will be divided into two classes, the wealthy and the poor.

The problem I do have with the deal, is the Republicans will agree to the proposal if the Democrats agree to future cuts on Medicare and Medicaid. The problem with the Republicans is they are trying to do in America's poor and middle class. The Republics twist the arms of the Democrats to pass proposals or bills. It's like you have to take a step backwards in one problem area to take a step forward in another problem area. It is time for the wealthy to pay their fare share of taxes. They have had the opportunity to do something productive with their tax breaks. Year after year, they have proven without a doubt they will not do anything productive with the money they are saving on taxes. Now, it's time to take away their tax break without having to give the Republicans something they want. The Republicans are like dealing with a bunch of two year olds', the democrats have to bribe them to make any progress. How can you live in a democratic society if the laws are not equal across the board. That doesn't sound like a true democratic society to me. It is a Democratic society on Republican terms. The elderly and poor have a hard enough time surviving as it is now, cutting medicare and medicaid benefits is only going to make survival more difficult on those on medicare and medicaid.

The Republicans blame the Democrats for the economic stress this country is in. However, a Democrat has only been in office for a few years and prior to Obama we had a Republican for 8 years. The Republicans are throwing stones when they live in a glass house. The only thing they are trying to do is save the silver lining in their own pockets and they don't care what they have to do to keep their wallets fat. The Republicans have a theory, that the Democrats are trying to bring the country to a breaking point, so they can restructure the country. A Democrat hasn't been in office long enough to bring the country down. The fall of the economy began long before Obama was in office. The Republicans have been trying to make a two class society for as long as I remember. There is no such thing as the "American Dream" anymore. The "American Dream" is an almost impossible task to achieve, unless your in the income bracket the Republicans approve of. It is time to restructure the country, it is time to stop catering to the wealthy, so they won't throw a temper tantrum.

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