Monday, January 30, 2012

An American, Capitalistic Solution

Getting out of Debt and Growing the Economy can't be rocket science. I almost flunk math in school and never took math in college and I always managed to pay my bills and balance my budget my entire life.  I think most Americans did, at least, my 'Baby Boomer' generation managed to have it all.

If the European economy doesn't improve, such as Greece's, our own economy will be effected by the European debt.  Obama will not win no matter who is running against him, because he cannot campaign on an European style, big government, entitlement system like the one Greece is bankrupted under; unless Obama can pull off the biggest magical show since Houdini.  This entitlement, big government system will not work in America; not only in mathematical theory, but
in reality; as it plays out in real time across Europe.
http://www.huffingtonpost.com/peter-s-goodman/world-economic-forum-global-financial-crisis-davos_b_1239074.html.

What made America the most powerful Nation in the world?  Capitalism.

The American economy may seem like it's getting better to some people because they want to believe what the President, who wants a second term, is telling them; but they don't realize the facade given to them is just that, a fake rosy front covering up a terrifying problem.

Most people who have stopped looking for work are not counted as unemployed  anymore. The government magically wipes those people off the unemployed charts.
However, the government is supporting 46 million people on food stamps; the greatest number in history. The 1% rich Americans don't pay enough taxes and of the 99% of middle to low income people, 46% of Americans don't pay any taxes
 (see website: http://www.csmonitor.com/Business/Donald-Marron/2011/0728/Why-do-half-of-Americans-pay-no-federal-income-tax)

We have more than a 15 Trillion dollar National debt; spending more than we take in.

A solution that dawned on me yesterday follows through on Conservative ideas and sounds so simple minded that it seems impossible to work; yet, a simple mathematical solution is what works; in order, to solve our American, Capitalistic way of life. Realizing that a dollar earned and only a dollar spent, will keep you out of debt:
But, for some people it might seem impossible.  Rocket scientists may need to count out all their pennies and line them up in an orderly fashion; not, throw them up in the air, to see gravity at work.

Presently, American companies go overseas to avoid paying high American taxes, leaving American's unemployed or with such low salaries that the government exempts them from paying any taxes;

thereby,  the government is not taking in any taxes from either source, creating more debt.

How can we pay off more than 15 trillion dollars of National debt...the 1% rich , according to all economists, would not put a dent in the national debt.

Partial Solution 
I agree all the loop holes in our tax system should be taken away and everyone should pay their fair share including the 99% of middle to low income people of which 46% don't pay any taxes because of low income loop holes.

Companies could be encouraged to stay in America by being taxed less (if at all) 
with the stipulation of increasing employee minimum wages/salaries to an all time high, so employees can make a decent income in order to pay their government taxes and all of their entitlements. Companies end up paying taxes through their employees and in the end, they all still have to pay taxes one way or the other. 

Churches would be responsible for taking care of the poor; once a tradition.
NO subsidizes for farmers to STOP planting food; nor stockpiling food, to control stock market prices when over half the world is starving. 
The government would not be paying for record high food stamps and unemployment would be lower. 


There are fair and balance ways of working this out without blaming American Citizens;
 neither the 1%, the 99% nor the 46% 
 when it's the government who controls the purse strings of our National Debt.

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