So, we’ve talked (this is the 3rd part in the daily series about current economics) about who is funding the US treasury. Mostly workers, which surprised most of you. Mostly the poor and the middle class, which clearly confounded you. (Remember- it’s payroll taxes that provide about 45% of the federal take, and the income taxes of the non-rich provide another 15% of the federal take. The rich (top 10%) provide 30% of the annual federal receipts via income taxes and corporations finish off the totals by contributing about 10%.)
Tag Archives: jobs
Our Economy Needs Entrepreneurs
OK. Here I go again. I’m going to tick off a few of you with my discussion of small business.. The facts are that our government has no clue that not all “small” business are the same, nor do they understand that lifestyle businesses are not really small businesses. Yet, they produce economic policies assuming the contrary. And, because of that our national economy suffers.
Job Opportunity: BA, BS required
I used to joke- back when I first moved to Alexandria (that’s about a quarter century ago)- that jobs were getting scarce because companies were demanding college degrees for no good reason. It was making folks go to college just to get a subsistence job, which is why so many poorly qualified or even unqualified people, were demanding the right to enter colleges.
Really? You care about spending, Pinocchio?
It’s getting closer. And, I don’t think it’s going to go away. Because a whole bunch of folks think that, in a recession, it’s more important to reduce spending than to keep the economy growing. You’d think that seeing the terrible results of the similar program in Europe would give them pause. But, that also requires one to assume they either care- or understand.
Continue reading Really? You care about spending, Pinocchio?
Knock, knock….Is anyone listening out there?
There is a growing realization that high growth for many nations is no longer in the cards. Oh, if you live in one of the developing nations of Africa- you can say this is wrong. But, even in China, which is slowly entering that state of economy that includes Israel… While neither which is officially a “First World” nation, they are, for all intents and purposes, there- and their growth rates are so demonstrating. Robust growth- growth over 3-4% over 5 years or more- is something that will only occur in those states that are becoming industrialized, not for those with existing corporate/services infrastructure.
Continue reading Knock, knock….Is anyone listening out there?
Kool-Aid Thinking
I admit it. I consider myself pretty smart. OK, wickedly smart. But, that does not mean I’m infallible. Nor does it mean that I know everything (even if I try to do so).
Let’s Kill Jobs!
Just the facts, even in an election year
So you know, this is going to be an overtly political blog. Because no sane person can listen to the various pronouncements and not take umbrage at the deliberate actions being taken to harm America and American workers- for specific political gain.
Deficit Reduction…
The question of what to do about the economy is foremost in our minds. Greece must slash its deficit and increase its tax revenue. (Oh, I know, if it increases its tax revenue, the deficit will decrease- but in Greece’s case, that is not what is being discussed.) In America, the Republicans want spending decreased, the Democrats want taxes increased on the ‘rich’- those whose taxable income exceeds $250K or $ 1 million. The Democratic position is that we are still not growing enough jobs- and while private industry is hiring, our states are slashing jobs at an enormous rate. The Republicans feel that tax increases on the rich will stop them from hiring.
Whither Manufacturing? Wither?
We’ve already discussed why employment is in trouble in the US. But, there are other facts- forgetting the politics- that really tell the story. Many are angry that the US bailed out the banks. Given how the banks have acted since that effort, one would be hard pressed to not feel that same way. But, many are annoyed that the US bailed out the auto industry. Given how that effort has turned out, one is hard pressed to understand those thoughts.