Understanding the Economy

Understanding the Economy

There’s a clear picture of why we have such a problem in this country today. Too many of the political class don’t understand how the economy works. It really isn’t hard to understand in broad terms, the details may get complicated but for those of us who enjoy a basic upbringing in simple things we can understand the basics of difficult concepts. KISS, keep it simple stupid usually works for me.

The economy works very well when individuals work hard and live a decent life. Bread winners of a family, one or more are acceptable, go to work every day and do what they agreed to do when their employer hired them. They provide a full day’s hard work for a full days pay. Their hard work provides stability and growth for their employer. The company sells their products or services to their customers and in the process buys the supplies or services that the organization needs to satisfy customers.

Money is flying everywhere. Goods and services to support the company that the bread winner works for are bought and sold to provide income and profit to the support companies. The hard working bread winners get a paycheck and then pay a mortgage and buy groceries and they go on vacation and they spend money like a happily employed family living the good life in America. They may even save and invest a bit of money here and there.

When we stay out of the way we let the free market do what it does best, thrive and grow, the economy stays strong.

What we have today are too many bread winners without a job. Too many companies are not growing and are not selling at their capacity. Stagnation and uncertainty are holding them back. There’s a reluctance to grow and thrive because of questions about government intervention. The requirement to pay more in taxes, the uncertainty about the costs associated with health care, and the banking regulations that have just been put in place are factors that lead decision makers in companies to sit tight and hold off on expansion.

The government needs to create an environment that makes business feel comfortable not uncertain. Success is not a bad word. Working hard and making money as an individual or as a business is not a bad thing. Is it possible to make too much money? Of course not, the more you make the better for all of us. The more you make the better my chances of making more too. When you earn a million dollars, it doesn’t create a shortage of a million dollars in the economy that I won’t be able to get, through hard work or through a government hand out. Part of your million dollars is opportunity for others. You’ll take that million and spend it and invest it. It recycles through the economy (Even environmentalists can enjoy the profits of a free market).

That’s where some people have a problem with the economy. Some feel that success is a bad thing, because it’s unfair. When you’re successful someone else isn’t and it’s your fault. Some people feel that the successful have to pay for the unsuccessful. That’s why 47% of tax payers don’t pay any taxes. Parts of that 47% get money back because they don’t earn enough to pay taxes.

Allowing successful individuals and companies to keep more of what they earn stimulates (another difficult concept for some people) the economy more than confiscating the money and using in for non essential spending.

To summarize, let good people work hard to earn their living. DO NOT punish them for their success, tax them as little as possible and let them spend and save and invest as they think best.

Let companies do what they think is best for the owners or stock holders with a minimum of government intervention. DO NOT punish them for their success. The more money they make the better for all of us.

The free market works and it will work better when the government stays out of it. Let the economy grow and prosper by allowing individuals and companies work hard and grow.

Let us all be accountable for ourselves and our families. If I can’t get a good job because I didn’t get enough education or training, then I made a serious mistake and have to accept the consequences of my actions. The government isn’t supposed to try to level the playing field by taking from you to give to me.

Let me work 3 jobs and feed six kids and educate all of them without the governments help. The government shouldn’t make it happen, I should make it happen. It’s been done before by millions of immigrants who came into this country legally for generations. My aggressively uneducated father did it, if I had to I could do it, and so can millions of legal immigrants today. Hard work, a positive attitude and a desire to make your children’s lives better than yours is all that it takes.

We don’t have to steal from the rich to give to the poor to make the American dream come true. Hard work, a free market economy, and a desire to succeed are the American dream.

Vote the Bums Out,

Gino

About gino984

A well fed middle aged male with strong opinions and a sense of humor. I was a Commissioned Officer in the United States Army Military Police Corps. I also spent some years in manufacturing management in both union and non union environments. I know how to lead and how to supervise. I also know how to share what I know. My degree is in Criminal Justice so that means I have a background in Psychology and Sociology. When you couple my Law Enforcement and Security training and experience with my education and experience in management and leadership you get a unique view on Supervision and Leadership.
This entry was posted in Economics, General Political Issues, Social Issues. Bookmark the permalink.

1 Response to Understanding the Economy

  1. stacy says:

    makes me want to drink alchoholic beverages

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