For most of my adult life I have considered myself an independent voter looking at all things from all sides and have voted for both Democrats and Republicans but I can’t for the life of me figure out how the government thinks many if any of their plans to fix the economy will work and how we got so far off track in the first place.
Back in the 60s, 70′s and 80′s many of the factories were full of workers making decent wages had pension plans and good medical plans. Companies were making good profits and people for the most part were happy and the government wasn’t in debt. Back then corporations and most of the very rich were paying almost double the tax rate that they see today. Was it fair for them to pay that much in taxes I don’t believe so but as I said the government wasn’t in debt and most corporations were making a good profit.
Back then when we went to buy gasoline we would have several people come to your car, one would pump the gas, one would wash the windshield while yet another would check the oil. Thinking about the past I just can’t understand why so many oil companies today claim they can’t make a profit without a government subsidy. Considering most gas stations now a days we pump our own gas while one person sits in a booth and collects our money. These companies are making huge profits while still taking government handouts but why does this happen.
I believe the government and big business has gotten us into this mess and I don’t think anyone is more to blame than the other. I also don’t point my finger at Republicans or Democrats because Republicans aren’t the only big business owners and billionaires in the country.
Here is how I believe we got into the mess we are in. Between the 60′s and the late 90′s the government cut the taxes for corporations and the rich year after year. While at the same time business sent good paying jobs overseas and those jobs were replaced with much lower paying jobs, both things created less revenue coming in for the government to pay its bills. Now is where I start pointing fingers as the big tax decrease was due to the Republicans who at the time kept talking about the trickledown theory which meant if the corporations and the rich have more money to use because of paying less taxes they will create more jobs. The problem is it never happened because the money went into different kinds of investments rather than going to create new jobs. This has been happening for over 40 years with the same result of nothing. So why do the Republicans think that something that hasn’t worked for over 40 years will all of a sudden start working now, I don’t know.
Even with the lower tax rates we
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