Ok everyone, I think this is an important video to watch. This is what I was taught when I took that economics course. This is what most people are taught… even those politicians who seem to say otherwise. I know we all have our political views, but I bet we can all agree one one thing: The US government needs to give us more of our own money back. Stop taxing us to “create wealth” somewhere else, let us do it. Lower taxes during a recession, not increase it, give businesses the ability to re-invest in themselves so they can hire more people and buy more products, allow people to start their own business easily, get us as much of those tax dollars you can spare and le us recover the economy.Period
Make the economic pie bigger, don’t just slice the one we have into more parts.
The new normal indeed… Watch the video, especially the first minute.
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Lets be grown about this. Let us really and TRULY get all sides of this and what is going on. I can tell you right now that we may be in for some trouble if our government continues to spend money it doesn’t have and print money just to pay its own debts (while at the same time devaluing the dollar… those gas prices are going to go up again, but not because oil is more expensive, it because you dollar is worth less than it was)
One thing to really remember (and I am going to write about this in detail one day), the reason why the American middle class is shrinking is not just because the rich are getting richer; It is because the money we earn is worth less and less. For people with millions (especially high net worth earners), it doesn’t matter as much, but for us, it matter allot.