Flawed economics (via to boondoggle is human.)

On By southwerkIn business ethics

This is what I have been saying in many blog posts. We simply cannot keep doing the same economic things over and over again when they have failed over and over again. Some have said that is the very definition of insanity.

It is not ethical or moral to have corporations and the wealthy shed their tax burdens while leaving the average wage earners holding the bag. Those who control large sums of money in this country benefit like everyone else from educational systems, roads and bridges, and the work of police, firemen and our soldiers. Calling yourselves, “job creators” does not place a halo on your head or relieve you of your duty to your country, your state, your community and your fellow citizens.

We need to have a tax code that allocates the taxes paid in relation to the excess wealth accumulated and severely limits the amount paid on the base money necessary for basic needs, like food, shelter, education and medical needs.

I like this blogger’s thinking and I wish him well.

James Pilant

Flawed economics Supply-side Economics (see http://bit.ly/e8cvkl for definition and description), founded by Milton Friedman and made policy by Reagan, has been tested over the past 30 years.  It is working for the top 1%; not so much for the rest of us.  The dawned (indeed, dawned) realization is that the vast majority of ordinary consumers – the massive lower middle- and middle-class – are seeing their wages stagnate.  We are witnessing the impact of wage-stagn … Read More

via to boondoggle is human.

One thought on “Flawed economics (via to boondoggle is human.)”

  1. Andrew's avatar Andrew

    Thats why I’m a big fan of the ‘Fair Tax’ system. Essentially, it calls for getting rid of the income tax completely and replacing it with an increase in the sales tax we pay when we buy stuff (roughly 23% for consumer goods, less for essential needs). Wealthy people tend to spend more money, especially when they own a business that is forced to spend money in order to accumulate more wealth. Another benefit is that it forces everyone to pay taxes. It doesnt matter if you are a rich man living high on the hill, a drug dealer, a prostitute, illegal alien, or welfare moocher. Everyone has to buy milk and clothes and things like that, therefore, everyone would be paying taxes based on how they consume, not how hard they work.

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