Feeds:
Posts
Comments

Posts Tagged ‘communism’


Socialism may be coming to a country near you soon.  Yes, if Senator Obama and the Senate and House Democrats win, it will be the end of the trail for capitalism.  The secular progressive movement, led by George Soros and his minions, has been funneling money into the Democratic Party and to its candidates for some time now, with the intent on building a slate of Senators and Representatives who are decidedly socialists by nature.  The crowning achievement for the movement was the support provided a Senator chosen early on for his socialist beliefs to run for President, Barack Obama.  Read: Soros poised for payback on his political investment an editorial from the The Examiner.

George Soros will now have a superhighway to Change – Socialist Change.  We will see wealth redistribution on a grand scale – Obama said it himself recently when he told a hard working self employed plumber that he will experience wealth distribution – his wealth will go to some one else.    We will see the single largest growth in government in the history of this nation.  We will expand the culture that people are not accountable to themselves or to others and that regardless of their actions, government will attempt to take care of them, albeit in a grossly inefficient manner.  Who will be the arbiter of just how much wealth will be redistributed at any time?

There are basically three economic systems found in the world.  Communism, Socialism, and Capitalism are the three, but no one is practiced in its purest sense.  We might ask why an economic system is important.

“…a country’s economic system determines the allocation of the nation’s resources of labor, land, machinery, materials, etc. between their alternative possible uses.” “… a country’s economic system determines the distribution between the individuals in the nation of that which is produced using the nation’s resources.”  “We need to know how an economic system attempts to solve the problems of allocation and distribution before we can see why there is unemployment, inflation, poverty, and so on.” These quotes were taken from an old text book  “Introduction to Economics” by John Craven.

Socialism is chosen by some as an artificial means of controlling unemployment and poverty.  The problem with this noble effort is that time after time, in national experiment after experiment, it actually creates more unemployment and more poverty.  The key element of socialism, redistribution of wealth, actually reduces the incentive for those who create jobs by growing businesses and making wealth for themselves.  When the incentive is removed, as there can be no success in business, the effort dwindles and the economy shrinks.  The shrinking economy fosters more government programs, and greater protectionism.  More government programs means taking more from those who “have it” and giving it to others, until the loss in incentive becomes a vicious cycle.  As protectionism grows, the cost of imported goods rises, and the ability to export diminishes, further restricting jobs, increasing unemployment, and increasing the price of goods and services.  The vicious cycle continues.  By now you get my point.

Socialism is a misguided effort by those who do not learn very well from history.  Read “Disillusioned with Socialism: South Asia experiments with free enterprise.” Europe has toyed with socialism.  Just look at their GDP and unemployment rates – they are far worse than the capitalistic United States.  Europeans have learned that once you start the wealth re-distribution project for those who are either not motivated to contribute to society or have been unsuccessful, you have spread the proverbial toothpaste into the culture and that toothpaste cannot be placed back into the tube easily.  Europeans are paying the socialism price now – yet we do not learn from the failed experiment.  Be careful of what you seek.

What we do have here is a lawyer, an avowed socialist masquerading as a populist, supported by the George Soros machine.  Barack Obama is about to achieve an ignoble change in our economic system by taking income from hardworking productive people – medium and small business owners – job creators,  and redistributing it to those who either have been less fortunate or are simply not as productive.  If he is elected, we shall see just how effective this lawyer’s theory is: reduce the incentive of hard workers to work hard; forcibly share what they have worked for; and grow government to create jobs.  The theory fails to take into account that without the medium and small business job creation machine; jobs will be lost, not created.

Remember, the man, Barack Obama, has never run anything, managed anything, or built anything, in his life.  He is a lawyer turned socio-economic theorist.  Remember that his espoused social plan has not worked in the past and will not work now.

Advertisements

Read Full Post »


Sounds confusing, doesn’t it. The cry around this country to “get those dastardly corporations – they are the cause of all our troubles” is so misplaced that it is almost like saying don’t put prisoners in prisons, because prisons are unsafe because there are too many dangerous people in prison.

Have I now cleared all this up? Okay it is simple, even if Senators Obama (now President) and (now Secretary of State) Clinton appear to not get it. Corporations factor in the income tax rate into their cost of sales and thus the price they set on what you buy at the point of sale. So, go ahead and tax the living day lights out of these corporations, they just collect their income tax for the government from you. There is one hiccup with this plan. These corporations are unable to incorporate their income tax into the price on sales overseas or in Canada and Mexico.

Senators Obama (now President) and (now Secretary) Clinton, please pay attention here as this is important and you act like you have never heard this before. When you tax a corporation and it cannot pass on that tax it either cannot survive internationally or it adapts by closing plants in the United States and opening these plants in another country. Are you still listening? When they do this, they create jobs in other nations and terminate jobs in the United States. This is called free enterprise. We could try to regulate corporations and force them to keep the jobs in the United States, but then they will not make any money and the investment capital will move to a company in another country and not here. It is like squeezing a balloon. Squeeze one end and it gets bigger on the other end – squeeze too hard and it breaks.

Our tax code and the fact that we tax our corporations at the second highest rate internationally may have something to do with out trade deficits and the loss of good paying jobs in this country. So yes, when we tax a corporation they bill us for the tax through domestic sales or sell us merchandise made in another country where the bulk of the profit is taxed at the other country’s favorable rate and the taxes go to the other country.

Senator (now President) Obama has a socialist solution for this conundrum. Instead of lowering taxes on domestic corporations so they can manufacture in the United States and create good paying jobs. These are jobs that make you more financially viable, jobs that make our economy healthier, and jobs that help us export to other nations. Senator Obama’s solution is to support the Patriot Employer Act. This act is right out of the socialist play book – we all know that the socialist economic system is failing all over the world. It is the second worst economic system, on how people benefit, only when compared to communism.

The Wall Street Journal quotes Peter Merrill whom they refer to as “…an international tax expert at PriceWaterhouseCoopers…” as saying “…Apparently Mr. Obama believes that by making U.S. Companies less profitable and less competitive world-wide, they will somehow be able to create more jobs in America.” http://online.wsj.com/article_email/SB120407121574294919-lMyQjAxMDI4MDI0ODAyNzgxWj.html

Honestly, they must have taught international economics at either Columbia or Harvard when Senator (now President) Obama attended. If he knows better and is sending us down the wrong path just to get elected, then he does not deserve to be President. If he does not know better, then he does not deserve to be President. The same should apply to Senator (now Secretary) Clinton. The solution, Senators Obama and Clinton, is to help these corporations become as competitive as we possibly can and then turn them loose on the world. This will create the right kind of jobs for this nation – we will not have to settle for jobs where you must learn the phrase – Do you want fries with that?

Senator (now President) Obama, drop your support of the misnamed Patriot Employment Act which is a form of reverse protectionism – it protects the world from us – and lower or eliminate corporate taxes. Yes, we all will personally pay more income tax which will be offset by lower prices for goods, since the tax will no longer be included in the price. This will stimulate domestic production of all kinds of goods and improve our standard of living by allowing us to hold better jobs. Aren’t you and Senator (now Secretary) Clinton about jobs?

Read Full Post »

%d bloggers like this: