I am sick of hearing Democrats and other leftists the planet over talk about wanting “a more fair society.” They don’t want a fair society. Far from it, they want a deeply unfair society. And their policies are crushing the very middle class they claim they want to treat so fairly.
Whenever leftists want to get their spite on against the rich, they talk about “fairness.” They act as if somehow the rich have intercepted a gift meant for us all, and now the left wants to spread it around fairly. . . to redistribute it. But wealth is not gift. It does not fall from the sky, it must be created through hard labor or risk taking. So tell me what exactly is “fair” about taking away the value of someone’s labor or the benefits they have earned from taking risks? That’s called slavery, even if you don’t take 100%. In fact, I doubt very much the left would suddenly decide Southern slaveholders were morally justified if they’d only taken 75% of what the slave made.
In a truly fair world, everyone would have an equal opportunity to achieve their dreams. But that is not what leftists want. They care so little about equality of opportunity that (1) they stand in the way of school reform to keep kids from being educated, (2) they stand in the way of starter jobs through labor requirements and minimum wages, which keeps kids form learning the important skills they need, (3) they tax the heck out of success, which keeps all but the greatest risk takers from trying to achieve their dreams, and (4) they encourage a system that lets the powerful and connected run roughshod over the “have nots” using the government as a weapon. It’s no wonder they want equality of result with these policies, because there won’t be any opportunity. The fact is, they hate success and they want to cap how successful you can be. And in some instances, they want to stop you from even trying to achieve your dreams in the first place. How fair is that?
And how has all of this worked out? The middle class has been crushed. Check this out.
Using official inflation figures, a dollar today is only worth 32 cents of what it was worth in 1979. That means inflation has eaten 68% of the value of the dollar in 33 years. In that time, the Middle Class has seen their median income rise only 40%. That means they’ve taken a 28% pay cut over those 33 years -- almost a percent a year. The poorest 20% of Americans have taken a 50% pay cut.
Oh, but wait! This is all the fault of Republicans slashing government spending, right? No. Government spending increased 714% in that same period. That’s right, federal spending increased more than seven times in the same period where real people took a 28-50% pay cut. Are you starting to see the problem?
If you want to know how bad this is, consider this: in 2012, Americans will pay $4 trillion in taxes. That is $152 billion MORE than they will spend on housing, food and clothing combined. That’s right, Uncle Sam is now a bigger expense in our lives than the costs of food, housing and clothing combined. So when Obama talks about tax rates being low compared to what they used to be, laugh in his lying face. Sure, rates are lower, but rates don’t tell the whole story. Rates don’t cover tariffs, fees, excise, use and sale taxes, they don’t account for disappearing and fading deductions, they ignore the alternative minimum tax, and they don’t account for a million other hidden taxes and the cost of regulations. Remember this article (LINK) which showed how the number of “economically significant” regulations being issued has been souring. An “economically significant” regulation, according to the government, is a regulation that imposes at least $100 million in annual costs on the economy. Clinton issued an average of 56 per year. “Conservative” George W. Bush issued on average 62 per year. And now his downgrade-ness is issuing on average 84 per year. Here’s a handy chart:
This represents hundreds of billions of dollars in lost freedom. Combine that with the lost income and the excessive tax burden discussed above and is it any wonder that the Middle Class is getting crushed?
As a result of this, the economy stinks. The labor participation rate, i.e. the percentage of people working, is at its lowest level since 1981, with 30 million people unemployed. According to Paul Krugman, we are in a depression. And he’s probably right. . . for a change. If you look at how the Great Depression went from 1929 to 1940, you will see a series of crashes with each followed by a sucker rally. Basically, the economy would crash 70-80% in a year, then would appear to rally for a couple years recapturing almost exactly half of what it lost, only to give it all up again and more. We seem to be in the same pattern now unless something changes.
What needs to change? How about the elimination of these regulations strangling our economy or the taxes crushing our people? No one will hire or start a new business when they know Uncle Sam is lurking out there waiting to pounce.
But hey, at least it’s fair. . . we’ll all go down together.
Don't forget, it's Star Trek Tuesday at the film site! (Politics of Trek)
Tuesday, May 8, 2012
Fairness My Rear End...
Labels:
Barack Obama,
Class Warfare,
Economics,
Economy,
Liberals,
Regulation,
Taxes
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