benefits, Donald Trump, economy, fiscal responsibility, fiscally responsible, growing money, Heath Benefits, investing, job creation, jobs, lower taxes, President Reagan, retirement benefits, Ronald Reagan, smaller government, Trump, Trumpsters, U.S. economy
Where the investor takes our money to spend
Ask a Republican about his core beliefs and he will say, “I believe in being fiscally responsible.” That is conservative-speak for, “smaller government, lower taxes, more money for me, me, me, me!” The words ‘fiscally responsible’ make he or she sound like they are doing the mature thing in attempting to destroy the government so they can have more money.
They are not.
To be fiscally responsible should mean that she or he supports growing the economy, growing wages, growing jobs, and creating a better world for future generations. That is not accomplished by a smaller government and lower taxes.
Investor As Thief
A dollar sitting in a pocket does nothing. A dollar sitting in an investors bank account accomplishes the same thing as a dollar in a pocket. Nothing. The word, ‘investor’ used to mean a person that puts money into a company or business to make it expand so that it will make more money. It actually works when it is done, but today that is not what investors and companies do with money.
Today, an investor puts money into a stock option of a company with the expectation that the company will give more money back. He doesn’t care whether the company expands or not, he just wants his money back. If the company is able to give more money back by shrinking the company, paying employees less, reducing benefits, decreasing the quality of service to the customer then the investor is happy.
Investment today does not grow money, it just takes existing money and moves it back to the investor.
When is a Dollar a Million Dollars?
For many years our country knew how to grow money. They took a percentage of every dollar exchanged and gave it to the government to spend again. That created new businesses, new jobs, higher wages, more benefits, and more money for everyone to spend again, be taxed again and create more money for the government to spend again. The money didn’t die in someone’s pocket because we kept it working.
Fiscal responsibility is NOT done by destroying government and lowering taxes. That is what we have been doing for the last 37 years and it is not working. Yes, it makes the stock market go up, but that is done by sacrificing business growth, jobs, and the rest of the economy.
Every time the stock market hits a new high it is telling us how much money is being sucked out of our economy to make a few people with bulging bank accounts. We can’t go on this way.
The government doesn’t waste money, it spends money. Every dollar that the government receives is accounted for, and paid back out to the citizens. Every dollar that an investor receives is money taken away from growing the economy.
We have to start taxing the wealthy as we did before President Reagan started destroying our government. We have to make our government grow again so that our economy can grow again.