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Why a Bigger Government is Being Fiscally Responsible

01 Monday Jan 2018

Posted by Paul Kiser in About Reno, Aging, Business, Ethics, Generational, Government, Government Regulation, History, Management Practices, Panama, Politics, Space, Taxes, Technology, US History

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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.

Nevada’s Death By Stupidity: The Business Friendly Myth

11 Monday Jun 2012

Posted by Paul Kiser in About Reno, Business, Crime, Ethics, Government, Government Regulation, Higher Education, Politics, Public Relations, Taxes, Technology, Travel

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business friendliness, business friendly, Conservatives, Nevada, smaller government, spending

A shuttered grocery store sits in the shadow of one of Reno’s largest Casino’s

Nevada is the poster child of what not to do to save an economy. Politicians who promote failed policies continue to be elected in the State that leads the nation in being the worst at everything (unemployment, foreclosures, violent crime, education, etc.)  Voters have been little more than Pavlov’s dogs in Nevada politics and are roped in by the claim that all Nevada’s problems can be solved by lower taxes and smaller government, which allegedly will make the Silver State more ‘business friendly.’ 

Once Reno’s 2nd largest Mall, Park Lane Mall is now just a sign in front of a vast empty space.

The problem is that Nevada is one of the most business friendly States in the nation and yet Nevada’s economic and social ills continue to spiral downward. Nevada has no income tax, no corporate or capital gains tax, and is one of the easiest States in which to establish a business. Yet, politicians win elections through promises of more jobs by making Nevada what already is: business friendly.   

Nevada leads the nation in unemployment at 11.7% (April 2012). Ranked 50th out of fifty States in 2011 and 2010, and 49th in 2009, jobs¹, or the lack of them, is certainly a major issue for Nevada; however, Conservatives rank Nevada in the top three States as being the most ‘business friendly.’ The data used for this ranking is based primarily on low taxes and low business fees. So if Nevada is business friendly, why is the unemployment the highest in the nation?

Stores that relocate leave vacant commercial space, sometimes for years

(¹Unemployment for Nevada 2011 – 13.5%, 2010 – 14.9%, 2009 – 11.6%, 2008 – 7.0%. Note that in 2006, Nevada’s unemployment was only 4.2%.)

CNBC also has a business friendly ranking, but low taxes and business fees are only part of the factors considered. CNBC’s 2011 ranking placed Nevada as 45th in Business Friendliness. Among the major factors in the State’s poor ranking were Education (50th,) Economy (50th,) Quality of Life (44th,) and Technology and Innovation (37th.)

Nevada’s fate will be determined by the voter and if CNBC’s rankings are more indicative of business friendliness then Nevada voters must elect politicians willing to invest more money in quality of life issues and infrastructure. Revenue will have to be found to address the real issues or else the Silver State will continue its death spiral.

Next:  Poor Quality Jobs and Education Killing Nevada

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