21 August 2012

Let's get real

Nearly 40% of the federal budget comes from payroll taxes which every worker pays. No corporations pay 35% taxes unless they have really stupid accountants, there are so many write offs...many corporations not only don't pay taxes, but the
y are subsidized. Those are facts, but then as Reagan stated, "Facts are terrible things"...all income should be taxed as income regardless if it is made on capital or on labor. Without labor there would be no capital.

The U.S. economy is predominantly driven by consumer spending, which accounts for approximately 70 percent of all economic growth. But if consumers are to continue to drive the economy, they must be in a sound financial position...businesses slit their own throats when workers have no money to spend. Henry Ford understood that..."One's own employees ought to be one's own best customers," Mr. Ford said. "Paying high wages," he concluded, "is behind the prosperity of this country."

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