Greece Bankruptcy should teach us something

The liberal left in Greece is protesting austerity measures in their country. Apparently they don’t understand that you can’t get something for nothing. The funny thing is that Greece’s bankruptcy is all but assured at this point. The can will be pushed down the road, 11 million people cannot pay of 582 billion in debt.

American’s are terrible at history, but perhaps if we cannot learn from the failure of the Roman Empire and the British Empire, than perhaps we can learn from history that is happening right now what will not work. You have to pay for what you get, and we have decided to out buy our means. It would make sense that the people who bought what they couldn’t afford to, have to pay it back. This means cutting social programs and cutting them now and leveling the tax field.

We can raise taxes to help cover expenses; however we need to raise them for everyone. About 40-50% of US citizens don’t pay federal taxes. If you aren’t paying into the system, but you are benefiting from the unsustainable debt loads, you have no motivation to change the system. It is not surprising the half of American’s want to raise taxes, because half don’t PAY TAXES, and expect to continue to NOT pay!

Did you know most Lottery winners become bankrupt? If you don’t have buy in to the process you won’t take it seriously and with responsibility. If you can give people millions and they waste it, how much more so the trillions we give the federal government to spend without any buy in to the process. President Obama recently joked that “shovel ready jobs” weren’t that ready. It wasn’t his money, he had no personal buy in. That is why private sector is the only one that can help America recover. Did you know that the shovel ready jobs that “weren’t that ready,” were slowed down even more by additional Government oversight? So we spent nearly a trillion dollars trying to create jobs on a federal level and then made laws that made it HARDER to do so. This is not a sustainable path, but one the current administration insist we go down.

We still have a chance to turn our country around, but we are going to need to do it now. Take responsibility and not leave the next generation, my generation, to deal with the problem created by the current group of adults. Maybe it is not fair that we have to pay for what we get, but it won’t ever change. So you might as well join the bandwagon.

Repeal 1099

When the government passed socialized medicine we had to “pass it” according to Nancy Pelosi to find out what is in it and now that we have found out the American people decided it was not what we want. We can only hope the higher court finds the law illegal. Meanwhile Congress is scrambling to change parts of the legislation. We can only hope that they will at least repeal that part about 1099s. It is a small business killer.
The law basically says that you have to send a 1099 to anyone that did more than $600 worth of business. The basic idea is that American’s cheat on their taxes and the government was going to be able to get more taxes. If you own a business you probably buy a lot of goods, from a lot of place – which means you make copies at Staples, save your receipt, because at the end of the year you will need to send them a 1099. Of course Staples will have to process all this paperwork and the business will have to keep, track and report all those expenses.
A small business I talked to estimates it will take 5 people an entire week just to process the paperwork due. This isn’t some big corporation it is a small business. Obviously this isn’t something that is affordable. Small businesses are the backbone of the American economy. Making it harder to do business will not help them turn our economy around. When we are in the great recession burdening the sector that will get us out of it with more baggage just doesn’t make sense.
CNN - Top Dems join GOP to repeal 1099

The Gap - Between Rich and Poor

I hear this term all the time the gap between the Rich and the Poor is growing. Therefore we need to tax the rich to help the poor out more. This Logic is false. The rich got there by providing a service better, cheaper and more effectively than anyone else and people were willing to pay for that service or product. Therefore all the people that bought that product were better off because of this person. This also gave the person more time/energy/money to spend on a different activity/economic stimulation that they wanted to do. This activity/purchase was provided by someone who was able to perform the desired task at a less expensive, more efficient, better way than his competition. This is how a free market and free choices work.
Thomas Edison was very intelligent, would taxing his intelligence and giving it to someone with less means made the world better off? Would the light bulb been invented? Sure this is a stretch, but not as much as you would imagine. You can’t legislate intelligence any more than you can whose rich and poor.
Democrats sight Warren Buffet as a rich person who says he needs to be taxed more. If Warren Buffet wants to be a free person (which I tend to doubt) he could either : 1.) Not pay accounts tons of money to do his taxes and just send in what he think he should pay above and beyond his current tax amount. This could save him money and he would pay the taxes he thinks are fair. 2.) The government has set up a separate tax account that you can pay into if you feel like you don’t pay enough. 3.) He could set aside that extra money he feels he should be taxed every year and give it to an organization that currently is getting government money.
Warren Buffet know much more at making money than most people in the US, especially me. If he really wanted to make a difference in the nation he could use his money in one of the 3 ways I mentioned above. He could even devote his time to a charity and make it so valuable that it didn’t need tax dollars to operate – wouldn’t that be wonderful. His statement on his taxes therefore is not based on his actual feeling on his wealth, but on political motivation to see people’s choices controlled by the government. He knows how the government operates and how to make money off government controlled programs better than anyone(then Al Gore), of course he wants us taxed more!
The best way to close the gap on the rich and poor is to better the education in the USA. You can’t do this by pouring money into the system, you can only do this by teaching people how to think. When you teach people how to think you don’t need big government, you don’t need unions, you don’t need others to do for you, because you can do for yourself. Maybe this is why it is going to be impossible to turn education around in the US, without a fundamental change to the way we view it.