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I still think the "velocity of money" approach to taxation and disposable income would do a large Country such as ours a lot of good. You need wage inflation in the middle and bottom for sure, coupled with a targeted income tax cut. That would do much better for the GDP of the Country than letting the multinationals continue to hoard the profits of the hyper-productivity sucked out of the labor class on the basis of them being able to get away with it due to our current labor surplus at pretty much all skill levels of consequence. (private industry doesn't want to cough up the training costs to retool the domestic population like insolent babies, while disingenuously complaining in the same sentence about lack of uber-specific skilled labor in the local labor market).
The problem is that such a straightforward solution quickly turns political, so everybody's quality of life goes to hell just because the sociopaths that represent the owners of the national economic podium don't want to cede an inch to anybody below them under any circumstance. The plutonomy doesn't like that kind of "freebie" for the proletariat. I mean you know, now they start affording stuff below us and we just can't have that. Humans are petty that way. So let's keep em down, keep my labor costs down and let the foreign winners of globalization effectively gentrify the major metro areas of the Country and displace our native population. And when stuff gets "favela real" like in Brasil, let's do like Pontius Pilatus and walk away with your multi-national parachute arguing we had nothing to do with a country of 320 million going up in flames socially. We've hung people from light posts in the past for less, under treason statutes. This present behavior would be a straight up layup to frame in that same light, is all I'm gonna say about that.
If we can get enough of a political capital for the interest of what I call the "velocity of money" socioeconomic classes in America, I think we can right this ship. Employment is also much more than numbers, there are major second tier effects to employment on the population at-large. That notion is really basic governance, hardly a radical idea..
..But man do we hate the proletariat in this Country. Some of that very hatred coming from within the very disenfranchised middle and low class affected by it, as they cheerlead for economic policies that marginalize them under the trojan horse of agreeing with partisan hackery positions on social issue platforms that don't put food on the table. That's why my approach to this topic is fundamentally non-partisan. Neither political entity in the rigged binary system really has the willingness to address the grievances of the "velocity of money" class in this Country with any legitimacy.
The presidential election is also a distraction. Just call it the 1964 election and relax about the irrelevant pageant already. Nothing new and nothing's gonna change fundamentally. The xenophobia of the typical blue collar white American displaced worker is an interesting historical dynamic for the books, but in the end is just a mere distraction from the problem at-large, which affects all races within the lower socioeconomic classes. If we were a Country of 10 million, no big deal. But we are a BIG Country, thence this disregard for the plight of the globalization-marginalized (pretty much all of us W2 wage slaves, to varying degrees, time lines, and vocations) is unnecessarily irresponsible.
It IS possible to address the snake hump of the Baby Boomers and their much anticipated death, without torching the whole thing in the process. But it requires making velocity of money a National Priority. But you don't get there by pandering to the plutonomy. You gotta release your "cost of living Plus" socioeconomic class to the wage inflation and spending race. That includes re-training them, yes, and giving them a tax cut on the only thing they own (their labor value), whilst telling the upper class to knock-it-off with the baby behavior. You wanna play aristocracy in clean water america? Pay for it ya non-velocity of money hoarder sociopath. Otherwise go HQ in Nigeria and good luck redressing your grievances when the streets collapse yearly or the government decides to freeze your cash just because some African-fanatical social issue ensued or they need the bribe petty cash. But this whole two-faced dynamic of being American when you wanna go shopping in luxury and personal security or someone wants to kill you abroad, but acting foreigner when it comes to paying taxes or paying american payroll, that treasonous duality needs to get eviscerated from our social fabric.
While you may feel more things need to run through the public sector versus private, I think others would differ.
I also think others would differ.. The point is still that we are near the borrom of the list among developed economies in utilizing public sector production. What is it that all these other people understand that we don't?
Based on his comments, it seems he was a food service worker at various government facilities.
I was simply at a high enough level to know and work with those at high levels in places such as the Fed and CIA. I could go on of course, but the point has already been made, even to those who can only sit and deny it.
I also think others would differ.. The point is still that we are near the borrom of the list among developed economies in utilizing public sector production. What is it that all these other people understand that we don't?
So what if other countries rely more on the government. We live in a country that has decided otherwise.
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