The problem with America is that except for a 'trick of economics', almost accidently introduced by liberals, the American economy is completely unworkable.
Let's look at the economic situation if 'liberal economics' were never employed:
People are people. They are selfish, cruel and have no regard for their fellow human beings. Each and every person would, if they could, do nothing but live an extrvagant life style with no responsibilties, no risk and no work. They don't care where the metal comes from that their cars are made of, they don't care who assembles their T.V. sets, they want permanent security and wealth, no risks, and to live their lives out as unaware spoiled little children. Everyone believes in their own inate superiority and will, if they can, enslave the whole world.
Wealthy people do not want to take risk, nor do they want to manage businesses, so as they gain the advantage thru free market economics, they automatically down size their businesses (just to simplify their own lives), make less risky investments and force a greater profit to investment ratio by reducing business costs. This reduction in business costs is mainly realized by reducing payrolls and employee benefits, as well as lowering product quality while increasing prices.
Meanwhile, an ever more economically disadvantaged working class has to take whatever they get - there is no relationship between employee productivity and earnings. Usually the most productive employees are paid the least in order to keep them disadvantaged. Working people are disempowered and desparate.
Free market/ supply side/trickle down economics will ALWAYS result in recessiondepression and possible total economic collapse, . A reinstatement of totalitarian militant supression of the working class is the only way to maintain social order.
The only peaceful mechanism that the working people have to maintian a balanced and fair economy is the government. However, due to Constitutional limitations, the actions that our government can take to maintain a healthy well-balanced and fair economy are very limited.
Taxing the wealthy and redistributing the wealth thru governement workers, government contractor and social programs for the very poor, is the 'liberal trick' that has so far worked to keep a somewhat balanced and fair economy.
It is easy to understand that wealth redistribution helps the economy by creating increased buying power of the working class and the poor, which in turn increases market demand which increases sales which increases business profitability.
What is not well understood is that taxing the wealthy in and of itself helps to stimulate the economy. It decreases the profit to investment ratio, thereby forcing the wealthy to invest more and to take greater risks in order to strive to maintain their incomes and support their extravagant lifestyles. Business expansion is the result.
Business expansion, in turn, creates increased market demand for working people, which results in higher pay and greater benefits. Employees are empowered. This creates increased buying power, which in turn increases market demand which increases sales which increases business profitability. An economic boom.
Everytime we have had significant tax increases on the wealthy, we've had a significantly improved economy or economic boom. Everytime we've reduced taxation on the wealthy we've had an economic crash.
The wealthy may present the argument that it is not their responsibilty to support soceity and regardless of the condition of the overall economy it is immoral to expect them to. However, the simple fact is that while investors do deserve some small profit on investment, the profits on investment during periods of Free market/ supply side/trickle down economics is totally out of balance with what they deserve and that those excessive profits exist only because they are severely underpaying workers - they are stealing from the workers.
So government playing the role of Robinhood - stealing from the rich and giving to the poor is absolutely justifyable. It would be better if governement stole from the rich and gave it directly to the workers or if government could directly dictate salaries based of the individual productivity f the workers, but the constitution prevents that. So the next best way of rectifying an otherwise totally unfair, unbalanced and unworkable economy is the above stated scheme of taxing the wealthy and redistributing the wealth.
If the wealthy had lived up to their commitment of 'Trickle-down' economics and if they had the decency and sense of responsibilty to pay workers fairly we would have a very workable economy. But they have not.
Free market/ supply side/trickle down economics turned into nothing but a scam and a con. The working class of America was completely betrayed by the wealthy.
So screw 'em. They had their chance and they screwed us and that's all there is to it!
