Letter to the Editor: Thoughts on 'Redistribution of Wealth'
Northville resident Jim Nowka writes about his disappointment in a government he says wastes American resources.
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- Submitted by Northville resident Jim Nowka
Political scripting cannot hide that America is swamped by the massive debts and bad decisions.
Misty pleas defend the wreckage! Now the utterances, "you did not build it" and the next words fitting a narrative, "You did not earn it," affirm a plan of redistribution of wealth. Next step, in the path to dissolution of your freedom, are the words of a despot: "You don't own it!"
In our pretty shaky economy and private sector job losses, expect threats of unrest by the standby crew of occupiers. The next chapter in our story of a modern day serfdom under the direction of governance by organized bureaucrats beginning in Obamacare? This legislation illustrates routine socialist ideas of compassion includes broader application of abortion processes for young and old.
Our nation was formed by the faithful, around wisdom of John Locke and Adam Smith. The English thinkers discovered the framework for a free market economy and a view personal responsibility ignited powerful engines of opportunity with results and with satisfaction on scales unknown before. All this built around the sanctity of private ownership of our stuff.
Promises of hope in 2008 has not worked out well due to lack of resume and evidence of good leadership and management skills. Results are important and, I am annoyed most by a heavy waste of wealth, hopeless green experiments like Solyndra, imperial czars and blatant patronage to friends. Volumes will be written about the the cascading drop of confidence in America overcoming these problems. Desperately needed is the renewal of confidence that American young will have a future, thereafter, the international community who see us strong but floundering at present.
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ConcernedParent
12:00 pm on Monday, October 15, 2012
What people seem to miss in this debate is that wealth has ALREADY been redistributed in this country. It has systematically been redistributed from the poor and the middle class toward the wealthiest in our society. This is easy data to find from reputable sources. I happen to think this ideologically troubling. But even if this doesn't offend morally and ethically, the most important issue is that huge inequalities in wealth distribution have major effects on the economy, and these effects also impact social dynamics. Huge wealth inequalities cause economies to stagnate. Why do you think Henry Ford paid his employees so well? Because the middle class drive (no pun intended!) the economy. If the middle class didn't have the buying power, Ford would not sell any cars. And it's this basic economic fact that can't be ignored. If no one has the money to buy stuff, it doesn't pay a manufacturer to make stuff. If manufacturers aren't making stuff, they won't need to hire anyone to make stuff!
So in that sense, by creating the demand for products, it is the middle class are actually the 'job creators' (a phrase I note that the Republicans seem to have dropped now -- presumably because it was sounding pretty hollow).
Additional money in the hands of the already wealthy, is often saved/invested. Additional money in the hands of the poor and middle class is more often spent. It's money being spent on products and services that drives the economy.