"Our true choice is not between tax reduction, on the one hand, and the avoidance of large federal deficits on the other." It is increasingly clear that...an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget just as it will never produce enough jobs or enough profits."
"In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now."
President John F. Kennedy, in his Dec. 14, 1962 speech to the Economic Club of New York.
Showing posts with label economic solutions. Show all posts
Showing posts with label economic solutions. Show all posts
Saturday, July 16, 2011
Saturday, April 4, 2009
GE's CEO Speak's Out!
Cudos to Jeffrey Immelt for saying that the U.S. needs to get back to it's manufacturing roots! We need manufacturing jobs to keep our economy strong. I consider it one of the greatest mistakes in our nations history, when the Kennedy administration enacted legislation that encouraged corporations to send our jobs overseas. Bring those jobs HOME!
Friday, August 8, 2008
Enough With The Wining!
I just sat through another mind numbing "news" program about the problems with the U.S. economy and the inability of our political system to address the issues. Yeah, O.K. we all know what the problems are. Is it really helpful to anyone to carry on these endless debates in the news media about how it is just impossible to solve all our country's problems? Does this really accomplish anything? They always say they are, "addressing the issues." I think they are confusing "addressing the issues" with giving an address about the issues. If all the people who proclaim to be so concerned about the problems facing our nation, are truly concerned, wouldn't it be more productive to concentrate on proposing real workable answers to the problems, instead of endlessly wining about how we're faced with insurmountable dilemmas?
The show I was watching was about the millions of poor people in the U.S. and how companies are targeting these people for their collective wealth, estimated to be around $650 billion. Speaking as someone who comes from this group, I don't want any one's pity, I don't want any one's handouts, all I've ever wanted was the knowledge to rise above my humble beginnings. Has anyone ever seriously considered educating the poor to deal with their own problems? I do know of a few people who advocate financial education, but it has never, to my knowledge, been proposed as a solution to the generations of poverty stricken families here in our country. It is no big secret. Anyone in this country can rise above poverty if they have the desire to do so. They may not know how, but there is a simple solution to this problem as well. I personally believe that the book, "The Richest Man in Babylon" should be required reading in all our public schools. ANYONE who follows the advice set out in this simple, easy to understand book, will do well in life. And if we truly want to address economic issues in this country, then we need to start a grass roots campaign to end financial ignorance and illiteracy. In one of the parables in the above mentioned book, the King of Babylon desires that his city should become the wealthiest city in the world. So he sends for the "richest man in Babylon" and asks that he teach others his secrets to acquiring wealth and building an estate. As this wise old man in the book states, "Anything that one man knows, can be taught to another." So, if we truly desire to end poverty in this country, if we truly desire to lift the financial burdens from the poor, then welfare and social programs should only be temporary and for the poorest of the poor. Financial education should be the cornerstone of any true campaign to eliminate poverty in this country.
The show I was watching was about the millions of poor people in the U.S. and how companies are targeting these people for their collective wealth, estimated to be around $650 billion. Speaking as someone who comes from this group, I don't want any one's pity, I don't want any one's handouts, all I've ever wanted was the knowledge to rise above my humble beginnings. Has anyone ever seriously considered educating the poor to deal with their own problems? I do know of a few people who advocate financial education, but it has never, to my knowledge, been proposed as a solution to the generations of poverty stricken families here in our country. It is no big secret. Anyone in this country can rise above poverty if they have the desire to do so. They may not know how, but there is a simple solution to this problem as well. I personally believe that the book, "The Richest Man in Babylon" should be required reading in all our public schools. ANYONE who follows the advice set out in this simple, easy to understand book, will do well in life. And if we truly want to address economic issues in this country, then we need to start a grass roots campaign to end financial ignorance and illiteracy. In one of the parables in the above mentioned book, the King of Babylon desires that his city should become the wealthiest city in the world. So he sends for the "richest man in Babylon" and asks that he teach others his secrets to acquiring wealth and building an estate. As this wise old man in the book states, "Anything that one man knows, can be taught to another." So, if we truly desire to end poverty in this country, if we truly desire to lift the financial burdens from the poor, then welfare and social programs should only be temporary and for the poorest of the poor. Financial education should be the cornerstone of any true campaign to eliminate poverty in this country.
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